3445 NE 40TH CT
Neotsu, OR, 97364 $ 1,450,000
Bedrooms4 Baths4.0 Monthly Estimate*
$ 8,928
for $1,450,000 with 4 bedrooms and 4 full baths. This home was built in 2004 on a lot size of 0.32.
Rare, universally designed, lakefront, income property embracing the timeless beauty of the Oregon Coast. Tucked quietly among blooming waterlilies on the peaceful Northern shores of Devil's Lake, this was created for effortless living, comfort, & connection to nature at every stage of life. Designed w/ accessibility & ease in mind, this offers main-level living in every residence, w/ elevator access to the lower-level units for seamless mobility. Wide doorways, pocket doors, built-ins, deep garages, & central vac create a home that feels both elegant & welcoming — whether for full-time living, multigenerational living, retirement, or a peaceful coastal retreat. A whimsical deck invites residents to enjoy the calm waters of Devil's Lake w/ ease, offering a gentle & accessible connection to kayaking, wildlife watching, fishing, or simply soaking in the serenity of lakeside life. Ducks paddle quietly by while birdsong fills the air from your own private outdoor sanctuary. The lower unit has a swim spa w/ easy sit-down access to year-round soaking & exercise surrounded by nature. The property currently generates annual income w/ 3 beautifully appointed units plus a bonus studio, presenting an exceptional opportunity for both lifestyle & investment. Potential future uses may include condominiums, bed & breakfast, senior living apartments, an artist retreat, wellness escape, or a family compound. Three lakefront primary suites open to expansive private decks. Quality craftsmanship shines throughout, local cedar shake siding and the home's energy-efficient hillside construction creates remarkably low utility costs. In fact, the owner rarely needed supplemental heat over the past 20 years. On cool evenings, the double-sided fireplaces provide warmth within minutes, while fresh ocean breezes drifting in through screened doors eliminate the need for air conditioning. Set on a generous lot just moments from the beach, hospital, post office, grocery stores, & banking.
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FeaturesGeneralSewer PublicSewer
Heating Other WallHeater
Roof Composition
Zoning R_M
Garage Spaces 3.0
Security Features HandicapAccess
Year Built 2004
Stories Count 2
Tax Year 2025
Parcel Number R505896
Gross Income 85080.0
Waterfront Features Lake
Community Features Commons FrontYardLandscaping Laundry
County Lincoln
Net Operating Income 68225.0
Operating Expense 16855.0
Property Type MultiFamily
HOA N
Rent Includes MaintenanceGrounds Sewer Water
Status Active
Directions From US 101 head E on NE Neotsu Dr. 1st R on NE Johns Ave. Follow around the corner & R on NE 40th C
High School Taft
City Neotsu
Body of Water Devils Lake
Disclosures Disclosure
Number Of Units Total 4
MLS Area _200
Lot Size Square Feet 13939.0
Listing Terms Cash Conventional
Elementary School Oceanlake
Tax Annual Amount 13855.41
Middle/Junior High School Taft
Property Condition Existing
Virtual Tour https://pixies.et/wgtcoTzs
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PROPERTY ID R505896 LAKESIDE HEIGHTS LOT 5 DOC201605863
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ExteriorParking Features Driveway Garage
Lot Features Cul_de_sac
Water Source PublicWater
Total Parking 3.0
Exterior Description Cedar ShakeSiding
Foundation Details ConcretePerimeter
Lot Size Acres 0.32
Road Surface Type Paved
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InteriorHot Water Gas
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit 4 Baths Total 1
Unit 4 Beds Total 0
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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* Excluded FeaturesList ByKiwanda Coastal PropertiesBroker
ORcoastalhomes@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,928
- Monthly Property Taxes
- $1,155
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Neotsu, OR
Average List Price $1,450,000
Percent of Sale Price 0%
About Neotsu, OR 433 Population
5% Since 2002
$ 52,500 Median Income
52.12 Median Age
8% Households with Children
Trends Information provided by ATTOM Data Solutions.
1948957 Elementary School
1948964 Middle School
Taft High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/26/2026 | $1,450,000 | | Listed Price |