
Land with Home for Sale in Otis, Oregon
5315 NE Park Ln, Otis, OR 97368
Remodel-ready opportunity on approximately 4 acres! This 1-level property offers 1,920 sq. ft. with 3 bedrooms and 2 baths, providing an excellent canvas for your vision. The home has already been demoed and is ready for renovation. Previously configured as a 4-bedroom, 2-bath home, offering potential to rework the existing layout to suit your needs. Recent septic work has been completed and is in great shape, and gas is already connected to the house. The expansive lot offers plenty of room for future possibilities, including a perfect spot for a massive shop just to the left of the existing garage driveway. Whether you choose to remodel and make this property your own or explore a tear-down and new construction, the possibilities are substantial. Seller estimates an after-remodel value of approximately $600,000. Property may also be eligible to enter a lottery for a short-term rental opportunity, with potential terms ranging from 3 months to 3 years, subject to lottery selection and applicable requirements. Bring your vision and unlock the potential of this unique 4-acre property!
Location
- Street address
- 5315 NE Park Ln
- County
- Lincoln County
- Zip code
- 97368
- Elevation
- 74 feet
Directions
Hwy 101 to East Devils lake Rd to Park Lane to 2nd home on Left across from KOA camp ground
Property details
- Acreage
- 4.41 acres
- Zoning
- R-1
- MLS #
- RMLS 562760201
- Posted
Property taxes
- Recent
- $3,530
Parcels
- R351566
Legal description
PROPERTY ID R351566 TWNSHP 07, RNG 11, ACRES 4.41, POTENTIAL ADDI
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
Exterior
- Structures
- Workshop
- Features
- Yard
Structure
- Stories
- 1
- Heating
- Baseboard
- Roof
- Composition
Interior
- Rooms
- Bathroom x 2, Bedroom x 4, Dining Room, Laundry Room, Utility Room
Nearby schools
| Name | Type |
|---|---|
| Oceanlake | Elementary |
| Taft | Middle |
| Taft | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 27, 2026 | New listing | $350,000 | — | RMLS |
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