329 Olalla Rd, Toledo, OR 97391
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329 Olalla Rd,Toledo, OR 97391
$870,000
- 2 Beds
- 1 Baths
- 890 sq. ft.
- Single family
- Active
Listed by:hannah katz
Office:coldwell banker professional
MLS#:457115171
Source:PORTLAND
Price summary
- Price:$870,000
- Price per sq. ft.:$977.53
About this home
Escape to this beautifully updated home on 15.75 acres of serene, park-like land, located just minutes from Newport, Oregon. Zoned RR-5, this rare property offers the potential to divide into 5-acre parcels making it both a smart investment and a peaceful retreat. Surrounded by towering, mature timber, the setting is quiet, private, and truly picturesque like living in your own forest park. The home has been thoughtfully updated with a brand-new deck, a remodeled kitchen and bathroom, all-new flooring, and new windows that fill the space with natural light and offer stunning views of the surrounding forest. Additional modern upgrades include a new hot water heater, a new dishwasher, and a new heat pump for year-round comfort. The home also features all-new rain gutters, a newly constructed well house, a gravity-fed spring, and an above-ground holding tank providing sustainable and reliable water access. The attached garage includes a dedicated workshop area, ideal for projects, hobbies, or additional storage. The gently sloped land offers multiple potential homesites, perfect for building or expansion. With RR-5 zoning, the acreage can be divided, offering valuable flexibility for future development. Best of all, Olalla Lakealso known as Olalla Reservoir is just moments away, offering excellent fishing and outdoor recreation right at your doorstep. This is a rare opportunity to own a move-in-ready home with acreage, privacy, and development potential in a highly desirable location close to the Oregon Coast and the amenities of Newport.
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Home facts
- Year built:1950
- Listing Id #:457115171
- Added:1 day(s) ago
- Updated:August 16, 2025 at 06:22 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Living area:890 sq. ft.
Heating and cooling
- Cooling:Heat Pump
- Heating:Ductless, Heat Pump
Structure and exterior
- Roof:Metal
- Year built:1950
- Building area:890 sq. ft.
- Lot area:15.75 Acres
Schools
- High school:Toledo
- Middle school:Toledo
- Elementary school:Toledo
Utilities
- Water:Spring
- Sewer:Septic Tank
Finances and disclosures
- Price:$870,000
- Price per sq. ft.:$977.53
- Tax amount:$1,106 (2024)
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