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Investment Highlights

  • Location to Ocean and Lake makes perfect for multiunit development
  • Contact me for all of the documents and plans
  • Incredible price per unit under $21,500 each with high resale

Executive Summary

Platted and approved by Lincoln City for a resort style mixed use development. Water, sewer, electricity and gas is available, as well as some streets and sidewalks are already in. This site is directly adjacent to the 18-hole Chinook Winds Golf Course. The City of Lincoln City has lifted the conditions in Q4 of 2025 and so now it presents to be a much more attractive project. Full city approval.

Property Facts

Price $3,950,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 21.48 AC
Cross Streets Hwy 101
Zoning R-17.5 - highest and best use is 184 4-plex units with common area and parking available

1 Lot Available

Lot

Price $3,950,000
Price Per AC $183,891.99
Lot Size 21.48 AC

Infrastructure in place. Plans available. Extraordinary opportunity in Lincoln City, Oregon. The 21.48-developable acre site is located at the northern edge of Lincoln City on the Central Oregon Coast. Zoned multi-family with a maximum density of 184

Description

Infrastructure in place. Plans available. Extraordinary opportunity in Lincoln City, Oregon. The 21.48-developable acre site is located at the northern edge of Lincoln City on the Central Oregon Coast. Zoned multi-family with a maximum density of 184 units, platted and approved by Lincoln City for a resort style mixed use development. Water, sewer, electricity and gas is available, as well as some streets and sidewalks are already in. This site is directly adjacent to the 18-hole Chinook Winds Golf Course.

Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
R396461
Land Assessment
$8,069,070
Improvements Assessment
$1,200,000
Total Assessment
$9,269,070
  • Listing ID: 39069350

  • Date on Market: 1/13/2026

  • Last Updated:

  • Address: 0 NE Devil's Lake Blvd, Lincoln City, OR 97367

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