Olivia Beach, Lincoln City VRD Zone - Main Level 2B 2.5BA + Sleeping Loft + Bonus Room

$649,946
3
2
1,649
sq. ft.
$394
per sq ft
Heated sq ft: 1,649 sq ft
Avg Nightly Rate:
Home Legally Sleeps: 0
Occupancy Rate: 0 weeks
Annual Gross Income : Inquire
Annual Net Operating Income : Inquire
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: No
Furnishings Included: Yes
For Sale By: Broker
Seller Financing: No
Niche: Beach, Couples/Romance, Nature, Pet Friendly, Weddings or Family Reunions
New Construction: Yes
Days on Vrolio: 22

Property Description

See it to believe it! Vaulted ceiling makes this single level living home feel spacious. Open great room is ideal for entertainment, family gatherings or couples night. Very rare master and guest rooms on main, hardwood floors, wainscot walls, kitchen with island seating, granite, stainless appliances. Room over garage is ideal for guests or hobby room. Extra long driveway for plenty of parking. Loft area is multi-purpose space with peeks of the ocean. Covered porch, spacious deck with outdoor shower, ceiling fan and gas fireplace are just some of the features of this home. Located just across from the outdoor pool in the quaint community of Olivia Beach on the Oregon Coast. Vacation rental zoning gives one flexibility for use as a short term rental, vacation or primary home!

Presented by:
Agent:
Alanna Miel
Realty One Group at the Beach
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 0
Low: 0
Peak: 0
Special Event: 0
Avarage: 0.00
Furniture Age
11
Est Value of Furnishings
$5,000
Peak & High Seasons
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Moving to be near family. Agent owns, lives, and manages homes in Olivia Beach through Sweet Haven Rentals.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
Inquire
Net Operating Income
Inquire
Stories
2
Additional Indoor Rooms
Detached Garage for 1 car, Detached In Law Suite, Formal Dining Room, Home Office/Den, Living Room, Master Suite Down, Mud Room
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Gas appliances, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Electric or Gas Firelace, No A/C, Wall Unit Heat
Floor Coverings
Carpet, Real Hardwood, Tile
Security
No
Security Description
Half Baths
1
Master Suite(s)
Inquire
Energy Efficiency
Carpet
Year built
2009
Outdoor Features
Deck, Detached Garage, Fenced/Gated Yard, Porch - Not screened
View
Ocean
Backyard Exposure
West
Lot Size
6,098 sqft
Community Features
Community Pool(s), Fitness Center, Nature Trails/Walking Path, Ocean Access, Playground
Tax Amount/Year
$4,542
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Community Pool(s), Fitness Center, Nature Trails/Walking Path, Ocean Access, Playground
Mandatory HOA
Inquire
Home Legally Sleeps:
0
Onsite Parking
1 car garage, two legal parking spots in front. One parking spot required per bedroom for a vacation rental.
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
Yes, Olivia Beach is the only Vacation Rental Zone in Lincoln County. No limit. 30-60 processing time (can be started as soon as under contract). Standard VRD application, but no ability to contest. Airdna estimate for rental revenue is $483,231 ADR $333 occupancy 68%
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
$11.00
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
No
Established Rental History
Inquire
Occupancy Rate
0
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Inquire
Managed By
Inquire
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Property has never had any paid bookings on the home becase The home has been occupied as a primary residence
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Inquire
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
Inquire
Licesnes & Permits (Annual)
$200.00
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
$100.00
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$485.00
Water/Sewer (Annual)
$783.60
Cable/Interbet (Annual)
$65.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$4,542.00
Homeowner's Insurance (Annual)
$950.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$1,200.00
Additional Membership Fees (Annual)
Inquire
Acquisition
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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Listing Source: Realty One Group at the Beach, 2024684707

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