For Sale189d on market

4850 SE 51st St

Lincoln City, OR, 97367 • 97367 • Lincoln County

$589,900

$351/sqft

-$22,600 since Jan 17, 2026

Down payment assistance available

3Beds

2Baths

1,680Sqft

0.23 acLot

1982Built

Property DNA

4 highlights

Waterfront Property

Direct water access

Park/Greenbelt Views

Park/Greenbelt

Traditional Style

Built 1982 · 44 years of history

3-Car Garage

Attached Garage · RV Access/Parking

This home is getting attention

Listed 189 days ago · 503 views · 15 saves

Market activity

Demand and pricing signals for this listing

503 views

People checking out this listing

15 saves

Buyers have saved this home

189 days on market

Established listing

$351/sqft

Price per square foot

About this home

Single Family · Built 1982

Fantastic opportunity to live and work in one location! Situated in an up-and-coming area, this property offers a public park under construction across the street and beautiful Schooner Creek along the back with a 70 ft deck overlooking a serene playground for Eagles & Egrets along the Creek. Large windows frame the scenic views. The basement houses a 3 bay garage and shop, plus a 2-bay carport can support cars, SUV's, Boats or a Motorhome. GC (General Commercial) zoning can be used for creative enterprises blending in with the burgeoning art center, photography, glassblowing and food courts plus pier fishing and crabbing nearby. Endless possibilities await, including use a Vacation Rental.

Estimated monthly payment

Based on current rates

$3,707/month

Principal & Interest$2,920

Property Tax$590

Insurance$197

Down payment20% ($117,980)

3%50%

Est. 6.30% rate · 30yr fixed · $471,920 loan

Full calculator →

At a glance

Key facts and listing details

TypeSingle Family Residence

Year Built1982

HeatingHas Heating (Unspecified Type)

Parking3 Garage spaces

Lot10,018 sqft

Days on Zillow189 Days

Price/sqft$351

Property

Home typeSingle Family

Sub-typeSingle Family Residence

StyleTraditional

Year built1982

Stories2

Systems

HeatingHas Heating (Unspecified Type)

RoofComposition,Membrane

ConstructionConcrete, T1-11 Type

Water / SewerPublic / Public Sewer

Parking & Outdoor

ParkingAttached Garage, RV Access/Parking

Garage3 spaces

BasementDaylight

Lot10,018 sqft

Location & Tax

Neighborhood97367

Annual tax$5,691

Parcel071127DD0500000

Features & details

9 categories of property features

Interior Features

Appliances

Dryer

Dishwasher

Electric Oven

Electric Range

Microwave

Refrigerator

Washer

Water Heater

Flooring

Carpet

Vinyl

Heating

Has Heating (Unspecified Type)

Windows

Window Treatments

Exterior Features

Parking

Attached Garage

RV Access/Parking

Construction

Concrete

T1-11 Type

Lot Features

Irregular Lot

Views

Park/Greenbelt

Utilities

Electricity Connected

Natural Gas Connected

Water Available

Room details

9 rooms detailed

Master Bedroom

Bedroom2

Bedroom3

Bathroom

Bonus Room

Listing insights

Market data and value estimates

StatusFor Sale

Days on market189

Est. value$578,100

Est. rent$2,977/mo

Tax rate0.84%

Price/sqft$351

On marketSep 27, 2025

PostedSep 19, 2025

MLS statusActive

MLS updatedMar 7, 2026

Tour days9

Favorites15

How are the schools in Lincoln City?

3 schools rated nearby

Taft Elementary School

Elementary • Public • 3-6

0.5 mi

Taft Middle School

Middle • Public • 7-8

0.5 mi

Taft High School

High • Public • 9-12

0.6 mi

Location

Lincoln City, OR, 97367

Expand map

Price history

11 events

DateEventPrice$/sqftSource

Jan 17, 2026Price Change$589,900$351OCMLS

Sep 27, 2025Price Change$612,500$365OCMLS

Sep 20, 2025Listed For Sale$619,500$369OCMLS

Aug 16, 2025Listing Removed$629,900$375OCMLS

Jun 6, 2025Price Change$629,900$375OCMLS

Mar 7, 2025Price Change$632,900$377OCMLS

Dec 28, 2024Price Change$645,900$384OCMLS

Nov 15, 2024Price Change$659,900$393OCMLS

Nov 8, 2024Price Change$689,900$411OCMLS

Sep 30, 2024Price Change$699,000$416OCMLS

Jul 16, 2024Listed For Sale$670,000$399Owner

Price Change$589,900

Jan 17, 2026•$351/sqft•OCMLS

Price Change$612,500

Sep 27, 2025•$365/sqft•OCMLS

Listed For Sale$619,500

Sep 20, 2025•$369/sqft•OCMLS

Listing Removed$629,900

Aug 16, 2025•$375/sqft•OCMLS

Price Change$629,900

Jun 6, 2025•$375/sqft•OCMLS

Price Change$632,900

Mar 7, 2025•$377/sqft•OCMLS

Price Change$645,900

Dec 28, 2024•$384/sqft•OCMLS

Price Change$659,900

Nov 15, 2024•$393/sqft•OCMLS

Price Change$689,900

Nov 8, 2024•$411/sqft•OCMLS

Price Change$699,000

Sep 30, 2024•$416/sqft•OCMLS

Listed For Sale$670,000

Jul 16, 2024•$399/sqft•Owner

Tax history

18 years of records

YearTax paidAssessed value

Mar 27, 2024$5,520$333,810

Mar 27, 2023$5,368$324,090

Mar 27, 2022$5,219$314,660

Mar 27, 2021$5,125$305,500

Mar 27, 2020$4,857$296,610

Mar 27, 2019—$287,980

Mar 27, 2018$4,728$279,600

Mar 27, 2017$4,728$271,460

Mar 27, 2016$4,244$263,560

Mar 27, 2015$4,244$255,890

Mar 27, 2014$4,044$248,440

Mar 27, 2013$4,044$241,210

Mar 27, 2012$3,876$234,190

Mar 27, 2011$3,722$227,370

Mar 27, 2010$3,576$227,370

Mar 27, 2009$3,467$214,330

Mar 27, 2008$3,377$214,330

Mar 27, 2007$3,302$202,030

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Neighborhood details

Local context around this listing

Lincoln City, OR • Lincoln County

Nearby neighborhoods

Gleneden Beach

Nearby cities

Depoe BayLincoln CityNewportOtisSeal RockSiletzTidewaterToledo

Nearby zip codes

97364973679738097388

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Value estimates

Live

Est. value$578,100

Est. rent$2,977/mo

30yr rate est.6.30%

Affordability$3,556/mo

Accepted financing

CashConventionalFHA

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The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms.

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