1061 S Downing St, Seaside, OR, 97138
About This Home
Turnkey coastal retreat just three blocks from the beach! This beautifully updated 2-bedroom, 1-bath home is currently operating as a successful vacation rental and offers an outstanding opportunity as an investment property, second home, or full-time residence. Recent improvements include new flooring throughout, a new asphalt driveway and a new secure gated asphalt parking area providing ample off-street parking and added privacy. The fully fenced yard is ideal for pets, outdoor entertaining, or simply relaxing after a day at the beach. Being sold fully furnished, this move-in-ready home allows the next owner to enjoy it immediately or continue operating it as a vacation rental, subject to the City of Seaside's short-term rental licensing requirements. Located in the desirable R-3 zone, the property also offers future development potential (buyer to perform due diligence re this, and licensing after purchase as a short term rental property). Just minutes from the beach, shopping, restaurants, and Seaside's vibrant downtown, this is a rare opportunity to own a well-maintained coastal property with flexibility, charm, and income potential. Don't miss your chance to own a piece of the Oregon Coast...schedule your private showing today!
Getting Around
Somewhat Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1947
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
- Construction materials: Shingle Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Free-Standing Range,Free-Standing Refrigerator,Washer/Dryer,Gas Water Heater
- Laundry features: Laundry Room
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Features
- High Ceilings,Vaulted Ceiling(s),Tile
- Window features: Double Pane Windows
- Flooring: Vinyl,Wood
- Number of fireplaces: 1
- Fireplace features: Gas
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air 90
- Cooling features: None
Interior Area
- Total structure area: 788
- Total interior livable area: 788 sqft
Master Bedroom
- Level: Main
Property
Accessibility
- Accessibility features: One Level,Parking,Accessibility
Details
- Parcel number: 12510
- Zoning: R3
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Fire Pit,Yard
- Fencing: Fenced
Lot
- Lot size: 4,791 sqft
- Features: Level,Trees,SqFt 3000 to 4999
Parking
- Parking features: Driveway,Parking Pad
- 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
- Coastal Flooding
- Earthquake
- Inland Flooding
- Tsunami
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Clatsop County and Oregon
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,472 | $29,664 |
| Home Insurance * | $121 | $1,452 |
| Property Taxes | $588 | $7,056 |
| Electricity | $176 | $2,119 |
| Total | $3,357 | $40,284 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Listed for sale | $489,000 |
| 2024-07-11 | Sold | $400,000 |
| 2024-06-09 | Pending sale | $399,998 |
| 2024-05-17 | Listing removed | $399,998 |
| 2024-04-17 | Price change | $439,900 |
| 2024-03-01 | Listed for sale | $449,900 |
| 2020-05-04 | Sold | $263,500 |
| 2019-12-02 | Listed for sale | $299,000 |
| 2019-01-25 | Listing removed | $1,200 |
| 2019-01-21 | Listed for rent | $1,200 |
| 2018-01-05 | Listing removed | $1,100 |
| 2018-01-05 | Price change | $1,100 |
| 2017-12-23 | Price change | $1,150 |
| 2017-11-01 | Listed for rent | $1,250 |
| 2015-03-14 | Listing removed | $255,000 |
| 2012-08-17 | Listed for sale | $255,000 |
| 2012-07-08 | Listing removed | $255,000 |
| 2012-01-06 | Price change | $255,000 |
| 2011-09-28 | Listed for sale | $259,000 |
| 2005-03-02 | Sold | $169,000 |
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