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2528 SW Coral Ave, Lincoln City, OR, 97367

5beds
5baths
3,247sqft
$1,395,000
$430price/sqft
$8,534/moest. monthly cost
$341,360/yrincome needed

About This Home

Peak of Perfection Overlooking all that Coastal-Living has to offer. Newly Constructed by the Original Builder of Olivia Beach, A master-planned community on the Oregon Coast known for its craftsman cottages, community amenities, and consistent rental demand given its Vacation-Rental Zoning, that sits in the Nelscott district of Lincoln City, just above the shoreline with dedicated beach access. This Home not Only offers captivating 180-degree Ocean Views and beyond! It offers the peace of mind knowing you will be the first to occupy this home with No Wear or Dings! Recently Completed on a Professionally Landscaped Lot is this Stunning 5 Bedroom home plus "Wellness" Room, Yes Wellness room with your own Cold-Plunge Tub and Sauna for added Health Enhancement. Four full en-suite bedrooms plus a separate bunk room, Two Laundry rooms for effortless turn-over, Two Family Rooms with their own Covered Ocean-View Decks, The chef’s kitchen offers upgraded appliances, an expansive island, and a butler’s pantry with wine fridge, Side Deck off the Kitchen for BBQ's and a designated area for a Hot-Tub add to the Strong Rental Potential this Property and Location Offer! Premium materials, upgraded systems, and thoughtful efficiency enhancements ensure long-term comfort and durability. STR-friendly zoning makes it one of the most stable nightly-rental micro-markets on the Coast. Call Today to Schedule your own personal Tour!

Getting Around

34
WalkingCar-Dependent
0
TransitVery Limited Transit
21
BikeSomewhat Bikeable

Schools

6/10
Taft Elementary SchoolGrades 3-61.0 mi
6/10
Taft Middle SchoolGrades 7-81.0 mi
3/10
Taft High SchoolGrades 9-120.9 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Concrete Perimeter,Slab
  • Roof: Composition
  • Construction materials: Board & Batten Siding,Cement Siding,Shake Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Custom Style
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,ENERGY STAR Qualified Appliances,Free-Standing Gas Range,Free-Standing Refrigerator,Gas Appliances,Plumbed For Ice Maker,Stainless Steel Appliance(s),Wine Cooler,Free-Standing Range,Gas Water Heater,Tankless Water Heater
  • Laundry features: Laundry Room

Bedroom2

  • Features: Double Closet, Solid Surface Countertop, Suite, Vaulted Ceiling, Walkin Shower
  • Level: Upper
  • Area: 169

Bedroom3

  • Features: Closet, Suite, Vaulted Ceiling, Walkin Shower
  • Level: Upper
  • Area: 156

Bedroom4

  • Features: Bathtub, Closet, Suite, Vaulted Ceiling
  • Level: Upper
  • Area: 143

Bedroom5

  • Features: Closet, Flex Room, Vaulted Ceiling
  • Level: Upper
  • Area: 156

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • Partial bathrooms: 1
  • Main level bathrooms: 2

Dining Room

  • Level: Main

Family Room

  • Features: Deck, Fireplace, Sliding Doors,Vaulted Ceiling
  • Level: Upper
  • Area: 336

Features

  • High Ceilings,Quartz,Soaking Tub,Vaulted Ceiling(s),Built-in Features,Bathtub,Closet,Suite,Sauna,Double Closet,Walkin Shower,Eat Bar,Kitchen Island,Butlers Pantry,Double Vanity,Pot Filler
  • Door features: Sliding Doors
  • Window features: Double Pane Windows,Vinyl Frames
  • Flooring: Luxury Vinyl Plank,Tile
  • Number of fireplaces: 2
  • Fireplace features: Gas
  • Fireplace: Yes

Heating

  • Heating features: Other,Zoned,Heat Recovery Ventilator,Fireplace(s)

Interior Area

  • Total structure area: 3,247
  • Total interior livable area: 3,247 sqft

Kitchen

  • Features: Deck, Dishwasher, Disposal, Eat Bar, Gas Appliances, Island,Butlers Pantry, Free Standing Range, Free Standing Refrigerator, High Ceilings, Plumbed For Ice Maker, Quartz
  • Level: Main
  • Area: 240

Master Bedroom

  • Features: Double Closet, Double Sinks, High Ceilings, Solid Surface Countertop, Suite, Walkin Shower
  • Level: Main
  • Area: 256

Property

Details

  • Parcel number: R531318
  • Zoning: VR

Features

  • Stories: 3
  • Patio & porch: Covered Deck,Deck,Patio
  • Exterior features: Exterior Entry
  • Has view: Yes
  • View description: Ocean,Territorial
  • Has water view: Yes
  • Water view: Ocean

Lot

  • Lot size: 5,662 sqft
  • Features: Ocean Beach One Quarter Mile Or Less,Sloped,SqFt 5000 to 6999
  • Lot size dimensions: 5663 SQ'

Parking

  • Total spaces: 2
  • Parking features: Driveway,On Street,Garage Door Opener,Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

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
  • Ice Storm
    Ice StormRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Tsunami
    TsunamiModerate

How This Home’s Risks Compare

Earthquake
Ice Storm
Coastal Flooding
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 $7,053$84,636
Home Insurance *$316$3,792
Property Taxes $871$10,452
Electricity $294$3,536
Total$8,534$102,408
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$292,594/yr
40% on housing$256,020/yr
45% on housing$227,573/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

$430This listing

vs Other Active Listings

Avg $/sqft

ZIP 97367$313
Lincoln County$241

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
2026-08-04Price change$1,395,000
2026-07-12Price change$1,425,000
2026-06-26Price change$1,449,000
2026-06-06Listed for sale$1,484,000

New Construction

AgentMike Howe
BrokerageKnipe Realty ERA Powered

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