Amazing Oceanfront Home and Popular Vacation Rental

$2,000,000
8
4
3,619
sq. ft.
$553
per sq ft
Heated sq ft: 3,619 sq ft
Avg Nightly Rate: $1,000
Home Legally Sleeps: 16
Occupancy Rate: 75 weeks
Annual Gross Income : 200000
Annual Net Operating Income : 150000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Broker
Seller Financing: Will Consider
Niche: Beach, Pet Friendly, Weddings or Family Reunions
New Construction: Yes
Days on Vrolio: 728

Property Description

Extraordinary ocean front resident. This is a one-of-a-kind opportunity to own a family home or vacation rental with an amazing, unobstructed view. This is commercial zoned so the possibilities are endless. This home gives you endless views, plenty of oceanfront space and great beach access. Perfect for a business retreat, family reunion, vacation or investment property. This home includes 8 bedrooms with the unique crow's nest lookout with a Hot Tub overlooking the ocean. Hardwood floors, lodge-style fireplace with direct beach access. Miles of beaches, easy access to shopping and dining. 180 degree view from Government Points to the South and Cascade Head to the North. Sold furnished except for owners personal belongings.

Presented by:
Agent:
Autumn Spence
Keller Williams Central Oregon
Seller Financing
Will Consider
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 1350
Low: 595
Peak: 1350
Special Event: 1350
Avarage: 1000.00
Furniture Age
10
Est Value of Furnishings
$20,000
Peak & High Seasons
March, April, May, June, July, August, September
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Buyer is aware that seller intends to perform an IRC Section 1031 tax-deferred exchange. Seller requests buyer's cooperation in such an exchange and agrees to hold seller harmless from any and all claims, costs, liabilities, or delays in time resulting from such an exchange.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
200000
Net Operating Income
150000
Stories
3
Additional Indoor Rooms
Family Room, Finished basement, Game Room, Home Office/Den, Living Room, Theater/Media room
Appliances
Dishwasher, Dryer, Full stove, Garbage Disposal, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Electric or Gas Firelace
Floor Coverings
Carpet, Laminate Wood, Real Hardwood, Tile
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Double pane-low emissivity windows
Year built
2007
Outdoor Features
Above Ground Spa, Deck
View
Beach, Mountain, Ocean
Backyard Exposure
West
Lot Size
Oceanfront lot 7,841 sq ft
Community Features
Not Located Inside Community
Tax Amount/Year
$14,000
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Not Located Inside Community
Mandatory HOA
Inquire
Home Legally Sleeps:
16
Onsite Parking
large private parking
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
Yes, This home is zoned recreational commercial that allow for short term rental with no nightly restrictions. Short Term Vacation Rental permits are very difficult to get in this area for residential zoned homes.
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
Inquire
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
5 Years
Occupancy Rate
75
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Manager
Managed By
Manager
Management Bookings Percentage
$0.25
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
Annual contract
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
Inquire
Licesnes & Permits (Annual)
$350.00
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$1,200.00
Water/Sewer (Annual)
$2,400.00
Cable/Interbet (Annual)
$800.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$14,000.00
Homeowner's Insurance (Annual)
$600.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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Listing Source: Keller Williams Central Oregon, 808-457-8657

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