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550 SE Reef Ave SE 20000, Lincoln City, OR 97367 — photograph 1

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550 SE Reef Ave SE 20000, Lincoln City, OR 97367 — photograph 1
7,841 Sq.Ft. Lot

550 SE Reef Ave SE 20000, Lincoln City

$225,000

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Bumpable BuyerMLS®: 629294112Listing held by another brokerage, marked RMLS
Lot size
7,841 sqft
Property type
Land
Days on market
24

Overview

Bring your vision to this unique .18-acre Lincoln City property where much of the groundwork is already in place! Water, sewer and electricity are on the property, along with an existing slab where a single-wide manufactured home once stood, creating an exciting opportunity for a future coastal home or getaway.Unlike a typical vacant lot, this property already offers established outdoor spaces surrounded by mature evergreens and greenery, giving it a wonderfully private, tucked-away feel. Garden areas, a greenhouse, additional storage sheds and outdoor gathering spaces add character and functionality, with plenty of room to imagine gardens, outdoor entertaining or simply enjoying your own peaceful piece of the Oregon Coast.One of the property's standout features is the 720-square-foot garage, fully insulated with sheet rock, water, power and work benches already in place. A 10-foot-wide by 8-foot-tall garage door, with opener provides excellent access and versatility for vehicles, recreational gear, a workshop, hobbies, projects, additional storage, or potentially convert into a small home or apartment. It's a substantial improvement that adds immediate usefulness while you make plans for the rest of the property.Existing concrete areas provide even more usable space, and the property's established improvements give a future owner a great starting point.Whether your vision includes a manufactured home, new construction or a coastal retreat, 550 SE Reef Avenue offers something increasingly hard to find—a beautiful lot with utilities already in place, a substantial finished garage, useful existing improvements, mature surroundings and room to create something uniquely your own.Come walk the property and imagine the possibilities!

Details

Interior

Cooling
No
Heating
No

Exterior and lot

Lot size
7,841 sqft
Lot features
Cleared, Wooded
View
Yes
View description
Trees / Woods

Schools

High school
Taft
Middle school
Taft
Elementary school
Taft

Location

City
Lincoln City
County
Lincoln
Zoning
R-R

Taxes and dues

Annual taxes
$2,027 (2025)

Location

550 SE Reef Ave SE 20000, Lincoln City, OR 97367

Map showing the location of 550 SE Reef Ave SE 20000, Lincoln City, OR 97367
© Mapbox © OpenStreetMap

Monthly payment estimate

$1,366 /mo

20% · $45,000
7.00%
Principal and interest
$1,198
Property tax (2025)
$169
Total
$1,366

Estimate only, and not an offer of credit. Assumes 20% down ($45,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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