See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

55 Wallace St, Gleneden Beach, OR, 97388

4beds
4baths
2,300sqft
$670,000
$291price/sqft
$4,544/moest. monthly cost
$181,760/yrincome needed

About This Home

A lovely two-story home with gardens, decks, lots of windows, two bedrooms with a full bathroom upstairs, a laundry room, and a beautiful master bedroom with a Jacuzzi tub. Gorgeous Gardens and Decks. Living room with a gas fireplace, dining area, and lovely kitchen, Ceiling fans throughout, new carpet in the bedroom. Laminate floors are installed in the downstairs area, kitchen, living room, and dining area. This beautiful home is within walking distance of the beach and park. There is a separate studio apartment with a bathroom and a kitchenette that can be rented out or used for a guest or an office. Large studio office in the garage that can be used as a garage or kept as an extra room. There is an extra lot on the property that could be sold with the property that has its own utilities, and a guest house could be built, or even another dwelling. That lot is offered at $120,000.

Getting Around

16
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

6/10
Taft Elementary SchoolGrades 3-64.4 mi
6/10
Taft Middle SchoolGrades 7-84.4 mi
3/10
Taft High SchoolGrades 9-124.6 mi

Construction

Condition

  • Year built: 2006

Materials

  • Roof: Composition

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Freezer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/4 bathrooms: 1

Features

  • Flooring: Tile,Carpet,Laminate
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced air,Electric,Gas
  • Cooling features: Central

Interior Area

  • Total interior livable area: 2,300 sqft

Property

Details

  • Parcel number: 081116DC0060000
  • Zoning: R-1 Residential, Single Family

Features

  • Levels: Two
  • Exterior features: Other,Shingle,Wood,Composition
  • Has view: Yes
  • View description: Park,Territorial

Lot

  • Lot size: 5,700 sqft

Parking

  • Total spaces: 4
  • Parking features: Garage - Attached,Garage - Detached,Off-street

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

  • Inland Flooding
    Inland FloodingVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Tsunami
    TsunamiRelatively High
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Inland Flooding
Coastal Flooding
Earthquake
Ice Storm
Tsunami
Landslide

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 $3,387$40,644
Home Insurance *$183$2,196
Property Taxes $766$9,192
Electricity $208$2,504
Total$4,544$54,528
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$155,794/yr
40% on housing$136,320/yr
45% on housing$121,173/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

$291This listing

vs Other Active Listings

Avg $/sqft

ZIP 97388$317
Lincoln County$242

vs Homes Sold Last Month

Median $/sqft

ZIP 97388$280
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
2026-04-19Price change$670,000
2026-04-13Price change$667,000
2025-09-25Price change$670,000
2025-08-15Price change$677,000
2025-07-19Listed for sale$777,000
2025-05-07Listing removed--
2025-03-31Listed for sale$777,000
2020-07-08Listing removed$444,000
2020-02-03Listed for sale$444,000
2019-11-21Listing removed$444,000
2019-08-07Listed for sale$444,000
2017-09-14Sold$332,000
2017-07-24Pending sale$325,000
2017-07-19Listed for sale$325,000

For Sale by Owner

AgentProperty Owner

Similar Homes