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3445, 3447, 3449 NE 40th, 
Lincoln City, OR 97364

$1,435,000


5

Beds


4

Baths


4,303

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Amanda Graves

Kiwanda Coastal Properties

503-965-6255

Last updated:

September 15, 2026, 03:08 PM

MLS#

26-1401

Source:

OR LCBR

About This Home

3445, 3447, 3449 NE 40th

Hidden Cove Beckons — a rare 5 bedroom lakefront sanctuary where thoughtful universal design meets the timeless beauty of the Oregon Coast. B&B potential where you live there and have 3 rental units all with lakefront decks. Seller financing negotiable. Tucked quietly among blooming waterlilies on the peaceful shores of Devil's Lake, this one-of-a-kind barrier-free property was created for effortless living, comfort, and connection to nature at every stage of life. Designed with accessibility and ease in mind, this universally designed multiplex offers main-level living in every residence, with elevator access to the lower-level units for seamless mobility. Wide doorways, pocket doors, built-ins, deep garages, central vac, and carefully considered spaces create a home that feels both elegant and welcoming — whether for full-time living, multigenerational living, retirement, or a peaceful coastal retreat. A whimsical lily pad-shaped dock invites residents to enjoy the calm waters of Devil's Lake with ease, offering a gentle and accessible connection to kayaking, wildlife watching, fishing, or simply soaking in the serenity of lakeside life. Ducks paddle quietly by while birdsong fills the air from your own private outdoor sanctuary. The lower unit has a swim spa with easy sit-down access offers year-round soaking and exercise surrounded by nature. The property currently generates annual income with three beautifully appointed units plus a bonus studio, presenting an exceptional opportunity for both lifestyle and investment. Potential future uses may include condominiums, bed and breakfast, senior living apartments, an artist retreat, wellness escape, or a family compound. Three lakefront primary suites open to expansive private decks. Quality craftsmanship shines throughout, local cedar shake siding and the home's energy-efficient hillside construction creates remarkably low utility costs. In fact, the owner rarely needed supplemental heat over the past 20 years. On cool evenings, the double-sided fireplaces provide warmth within minutes, while fresh ocean breezes drifting in through screened doors eliminate the need for air conditioning. Set on a generous lot just moments from the beach, this private retreat is located in the quiet enclave of Neotsu on the north end of Devil's Lake, directly across from the Chinook Winds Golf Course and adjacent to tribal trust land. City water and sewer place, a rare advantage in this area as future infrastructure requirements evolve. Tucked away on a secluded cul-de-sac with only two neighboring lakefront homes, the setting offers extraordinary privacy while remaining conveniently close to the hospital, post office, grocery stores, banking, and everyday essentials. Recent updates include sealed driveway, newer water heaters, exterior paint, and roof replacement approximately four years ago. There is truly nothing else like this available on the Oregon Coast — a visionary "outside-the-box" property designed for those seeking beauty, accessibility, peace of mind, and a gentler way of living by the water.

Home Facts

Multi-Family

4 Baths

5 Bedrooms

Built in 2004

Subdivision & Development:

Lakeside Heights

Price Summary

1,435,000

$333 per Sq. Ft.

MLS #:

26-1401

Last Updated:

September 15, 2026, 03:08 PM

Added:

4 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Architectural Style:

Chalet

Building Area:

4,303 Sq. Ft.

Year Built:

2004


Lot

Lot Size (Sq. Ft):

13,939


Finances & Disclosures

Finances

Price:

$1,435,000

Price per Sq. Ft:

$333 per Sq. Ft.

Source:OR LCBR
The information being provided by Lincoln County Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Lincoln County Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.