3445 NE 40TH CT, Neotsu, OR 97364
- $1,450,000
- List Price
- $1,450,000
- Days on Market
- 72
- MLS#
- 782296854
- Property Type
- Multifamily
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Lincoln County
- Status
- ACTIVE
Property Description
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.
/u.realgeeks.media/smiragroup/logo-icon-lg.png){kind=icon}
Additional Information
- Tax Amount
- $13,855
- Year Built
- 2004
- High School
- Taft
- Elementary School
- Oceanlake
- Middle School
- Taft
- Garage Spaces
- 3
- Acres
- 0.32
- Stories
- 2
- Terms
- Cash, Conventional
- Fuel Description
- Electricity, Gas
- Heating Description
- Other, Wall Heater
- Hoa Rent Includes
- Maintenance Grounds, Sewer, Water
- Hot Water Description
- Gas
- Exterior Description
- Cedar, Shake Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Waterfront Description
- Lake
- View
- Lake
- Parking
- Driveway, Garage
- Waterfront
- Yes
- Security Or Entry
- Handicap Access
- Parking Description
- Driveway, Garage
- Road Surface
- Paved
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 1
- Unit Type One Rent
- 2300
- Unit Type One Sq Ft
- 2000
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 1
- Unit Type Three Rent
- 1695
- Unit Type Three Sq Ft
- 850
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Rent
- 1095
- Unit Type Four Sq Ft
- 500
- Unit Type Four Units Total
- 1
Mortgage Calculator
Listing courtesy of Kiwanda Coastal Properties.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.