34670 Ocean Drive, Pacific City, OR 97135 (MLS# 26-1571)

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Property Description
Rarely does a coastal estate of this magnitude, character, and versatility become available on the Oregon Coast. Positioned directly on the sand with breathtaking, unobstructed views of Cape Kiwanda and the iconic Haystack Rock, this extraordinary compound features two distinct homes connected by a seamless interior breezeway, sprawling across three prime oceanfront lots boasting an estimated $1.8M in land value alone. The main 3,054-square-foot residence is a masterclass of 1977 architecture—a mid-century time capsule rich with warm, soaring redwood ceilings, exquisite custom interior woodwork, an iconic built-in entertaining bar, a massive game room for endless family fun, and a dedicated indoor hot tub room for relaxing after a day on the beach. Expansive covered decks wrap the home so you can enjoy the roaring Pacific in any weather. Connected via the bright breezeway is a second 1,703-square-foot home built in 1993, which has been completely transformed into a turnkey guest retreat featuring brand-new siding, Anderson windows, and modern flooring. Together, these homes offer 4,757 square feet of living space, perfected by nearly $600,000 in premium upgrades over the last six years. While currently functioning as one massive, multi-generational family compound, this property was brilliantly engineered for maximum financial flexibility. Property can remain as one large complex or new owners can separate to create additional opportunity. This property is within unrestricted STR zoning and has combined gross rental projections totaling an impressive $322,000 annually. Buyer to confirm details with Tillamook County planning department. Rooms have been virtually staged/modified to showcase design potential. Original photos available upon request.