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3521 SW Anchor Ave #2, Lincoln City, OR, 97367

1beds
1baths
691sqft
$325,000
$470price/sqft
$2,339/moest. monthly cost
$93,560/yrincome needed

About This Home

Welcome to Unit #2 at the iconic Overlook Condotel, where panoramic Pacific Ocean views & timeless coastal charm come together! Oversized windows fill the interior with natural light, creating a serene & airy atmosphere. Offered fully furnished, this retreat features a complete kitchen, bedroom, bathroom & its own ocean-view deck, ideal for morning coffee or watching the sunset! Embrace the charming Scandinavian flare & soothing coastal designs as you relax in the recliner watching the waves crash on the shore. This income producing vacation rental offers; online booking, permanent maintenance, housekeeping staff, as well as professional management creating a turnkey operation. Owners may enjoy personal use of the unit. Please note the unit cannot be used as a primary residence. Listing Agent is related to the Seller & Seller is a licensed Realtor in Oregon!

Getting Around

43
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

6/10
Taft Elementary SchoolGrades 3-60.5 mi
6/10
Taft Middle SchoolGrades 7-80.5 mi
3/10
Taft High SchoolGrades 9-120.5 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1920

Materials

  • Roof: Composition
  • Construction materials: Cement Siding,Shake Siding

Type & Style

  • Home type: Condo
  • Architectural style: Chalet
  • Property subType: Residential,Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Free-Standing Range,Free-Standing Refrigerator,Microwave,Gas Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: Main

Features

  • Closet
  • Window features: Vinyl Frames

Interior Area

  • Total structure area: 691
  • Total interior livable area: 691 sqft

Kitchen

  • Features: Disposal,Free Standing Range, Free Standing Refrigerator
  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Features: Closet
  • Level: Main

Property

Details

  • Parcel number: R138942

Features

  • Stories: 1
  • Entry location: Lower Floor
  • Patio & porch: Deck
  • Has view: Yes
  • View description: Ocean
  • Has water view: Yes
  • Water view: Ocean
  • On waterfront: Yes
  • Waterfront features: Ocean Front

Lot

  • Features: Bluff

Parking

  • Parking features: Off Street,Condo Garage (Undeeded)

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiModerate

How This Home’s Risks Compare

Earthquake
Coastal Flooding
Inland Flooding
Ice Storm
Tsunami

FEMA Declared Disasters in Lincoln County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,643$19,716
Home Insurance *$73$876
Property Taxes $447$5,364
Electricity $176$2,119
Total$2,339$28,068
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$80,194/yr
40% on housing$70,170/yr
45% on housing$62,373/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.6%
-0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$470This listing

vs Other Active Listings

Avg $/sqft

ZIP 97367$318
Lincoln County$243

vs Homes Sold Last Month

Median $/sqft

ZIP 97367$344
Lincoln County$331

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-06Listed for sale$325,000
2023-07-17Sold$245,000
2023-06-27Pending sale$250,000
2023-06-13Listed for sale$250,000
2023-06-08Pending sale$250,000
2023-06-02Listed for sale$250,000

For Sale by Agent

AgentMelissa Park
BrokerageProperty Group NW

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