Properties For Sale | Home Matters Northwest

229 W. Siuslaw St. Cannon Beach, Oregon 97110

“From this point I beheld the grandest and most pleasing prospects which my eyes ever surveyed…” Captain William Clark (Lewis & Clark expedition viewing the Oregon coast and Cannon Beach from the adjacent Ecola State Park)

Just steps to one of the most beautiful beaches in the world sits a beach bungalow that is immediately surrounded by $1.0 million-$2.5 million dollar properties. Just one back from beachfront with slices of whitewater views from the topside deck, is a 1 bedroom, 1 bath 555 sf home with awesome potential. Previously restricted by Cannon Beach to no greater than $30k in renovations and could not be rebuilt, the city has agreed to a recent petition for policy change. The city has now approved unlimited renovation amounts or even a rebuild that with the agreed set-back adjustment allows for up to a 600 sf new home. Estimated rehab costs to the existing home is $40k-$60k depending on fit and finish. Comparable 1 bedroom home sales in Oregon’s number one beach tourist destination are between $416k-$718k. None of those properties were as close to the beach as this one is. Depending on the quality of renovation or rebuild ARV is $450k-$550k+.
This property is still available! Contact John at 503.515.6400 if you would like to make an offer.
PRICED TO SELL QUICK @ $319K.