Pacific Highlands

1206 SE 28th Street, Lincoln City, OR 97814

Property Information

  • For Sale $1,200,000
  • Property Type VacantLand
  • Lot Size 43.49 Acre
  • Date Updated May 1, 2026

Description

Located in Lincoln City, OregonPacific Highlands offers two adjacent parcels totaling roughly 44 acres. The site is located in the Lincoln City Urban Growth Boundary and within the newly created Nelscott Urban Renewal Area. The Area will have future funding available for expansion of infrastructure, and likely funding to support housing. With annexation, the Urban Renewal Agency will consider an “equitable share” of the transportation network provided on the property to Area- and community-wide systems. Pre-development costs can also be considered in partnership with experienced developers seeking to deliver a compelling project with shared vision. SDC fees may be deferred to Certificate of Occupancy for both market rate and Affordable multi-unit housing development. Recent Affordable Housing Developments now completed, lends a greater need for [AR1] housing types to serving 80%-120% AMI and workforce home ownership opportunities in mixed-income communities, when feasible. Boasting a consistent annual population growth of 1.31%, limited of suitable building land makes this site attractive. Off of Highway 101, close to schools, and commercial and tourists areas, Pacific Highlands is in the heart of Lincoln City. Only 30 minutes from Newport, 1 hour from Salem, and 2 hours from Portland, Lincoln City continues to deepen its economic base beyond tourism and is becoming an ever more popular retirement destination.

Highlights

  • Accommodates multifamily development density up to 10 units per acre
  • Appraisal supports valuation of $4.0 million
  • City ready and willing to partner with the right developer
  • City will allows mixed use, apartments, SFRs, or a combination thereof
  • No affordability restrictions
  • Ocean views from the higher portion
  • SDC deferral until CO
  • Seller carry for experienced developers
  • Undeveloped portions of property may stay in forest deferral
  • Wetlands have been addressed; not in inundation zone
  • Within the Urban Growth Boundary (no ODOT hurdles) and part of the 240 acre Nelscott Gap Neighborhood plan

Contacts

Bjorn Beer

SVN | Imbrie Realty

Location

Contact Listing Broker
Bjorn Beer

SVN | Imbrie Realty

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