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$349,900 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 691 Sq. Ft.
  • Updated 3 days ago
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Waterfront condo with stunning Siletz Bay views and outstanding investment potential! Located at Waters Edge Condominiums in Lincoln City's Historic Taft District, this furnished 1-bedroom, 1-bath condo offers sandy beach access, bay and ocean views, and zoning that allows outright nightly vacation rentals. Currently operating as a successful short-term vacation rental with Meredith Lodging, this turnkey property is ready to continue generating income or become your own coastal getaway. Enjoy a cozy gas fireplace, fully equipped kitchen, private balcony with storage, washer/dryer hookup, and elevator access. The affordable $493/month HOA includes all utilities, TV, and internet, making this one of the best values on the Oregon Coast. Just blocks from Mo's, Pelican Brewing, Pines Dine Food Cart Village, shopping, restaurants, and grocery stores, with Salishan Resort & Golf only minutes away. Whether you're looking for a vacation home, investment property, or your own beach retreat, this waterfront condo is ready to enjoy. Don't miss this opportunity to own on the beautiful Central Oregon Coast!

Full Property Details for 5201 SW Hwy 101 #204

General

  • Price: $349,900
  • HOA FEE: $493/month
  • Taxes: $3,284 (2025)
  • Status: Active
  • Type: Condo
  • Source: RWMLS
  • MLS ID: 648923357
  • Updated: 7/18/2026
  • Added to Site: 4 day(s) ago

Interior

  • Interior Features: Elevator, Furnished, Hookup Available, Tile Floor, Vinyl Floor, Wall to Wall Carpet
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas
  • Appliances: Dishwasher, Free-Standing Range, Free-Standing Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main - Full Baths: 1

Bedrooms

  • Total Bedrooms: 1
  • Primary Bedroom: Main

Other Rooms

  • Living Room: Main
  • Kitchen: Main
  • Dining Room: Main

Additional Information

  • Shared Amenities: Cable TV, Electricity, Gas, Insurance, Internet, Maintenance Grounds, Sewer, Taxes, Trash, Utilities, Water

Exterior

  • Exterior Features: Deck

Location

  • County: Lincoln
  • Subdivision: Waters Edge Condo
  • Driving Directions: Located at SW corner of Hwy 101 and SW 51st Street. Unit is in middle of east building.

School Information

  • Elementary School: Oceanlake
  • Middle School: Taft
  • High School: Taft

Community

  • Community Name: 200 - Lincoln County
  • Association: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Heater
  • Heating Fuel: Electricity, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: Common Wall
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 691
  • Year Built: 1999
  • Property Condition: Resale

Lot Features

  • Frontage: Paved
  • Lot Features: Commons

Water Features

  • Water Front: Yes
  • Water Front Desc.: Bay Front, Ocean Front

Financial Considerations

  • Association Fee: $493
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $3,284.68
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: PROPERTY ID R513619 WATERS EDGE CONDO, LOT UNIT A4-2, DOC20121077
  • Disclosures/Reports: Disclosure
  • Property ID: R513619

Listed by Coldwell Banker Professional (503) 538-0468, Hannah Katz (541) 418-3101

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Listing agent

— 5201 SW Hwy 101 #204 —

  • Hannah Katz

    Coldwell Banker Professional

    503-538-0468

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Price & Sales History for 5201 SW Hwy 101 #204 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/18/2026
Listed
$349,900
204.26%
MLS
10/19/2012
Sold
$115,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5201 SW Hwy 101 #204

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,285
2%
$195,380
3%
2024
$3,234
3%
$189,690
3%
2023
$3,145
8%
$184,170
6%
2021
$2,912
-5%
$173,610
-3%
2022
$3,057
5%
$178,810
6%
2021
$2,912
7%
$168,560
3%
2019
$2,731
4%
$163,660
4%
2018
$2,629
9%
$157,620
8%
2017
$2,404
7%
$146,260
3%
2016
$2,254
10%
$142,000
11%
2015
$2,045
-8%
$128,000
-8%
2014
$2,232
-13%
$139,200
-12%
2013
$2,577
—
$158,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Coldwell Banker Professional (503) 538-0468, Hannah Katz (541) 418-3101

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5201 SW Highway 101 #204, Lincoln City, OR 97367 (MLS# 648923357) is a Condo property with 1 bedroom and 1 full bathroom. 5201 SW Highway 101 #204 is currently listed for $349,900 and was received on July 18, 2026. Want to learn more about 5201 SW Highway 101 #204? Do you have questions about finding other Condo real estate for sale in Lincoln City? You can browse all Lincoln City real estate or contact a Coldwell Banker agent to request more information.

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