1224 SE 1ST ST Lincoln City, OR 97367

Perfectly positioned on a private cove of Devil's Lake, this exceptional waterfront retreat enjoys one of the area's most unique settings, with water wrapping around two sides of the property to create an unparalleled sense of privacy and connection to the lake. Nearly every room captures peaceful water views, while an expansive wall of windows frames the ever-changing scenery, bringing the beauty of the outdoors inside from sunrise to sunset, summer to winter.Step outside to launch your kayak or paddle board from your own backyard or simply relaxing on your over-water deck as wildlife drifts by. The expansive back deck is perfectly positioned to sheltered from the prevailing coastal winds, creating a private outdoor oasis. This serene space often feels noticeably warmer than surrounding areas, inviting you to linger a little longer over coffee, cocktails, or soak in the peaceful waterfront views. Leave the car behind and take an easy stroll to the beach, local restaurants, and shops. With this home you don't have to choose between lake life and beach life. You can have both. Adding to its appeal is the property's coveted General Commercial (GC) zoning, offering exceptional flexibility for owners and investors alike. This unique designation allows buyers to explore a variety of residential and commercial opportunities. Unlike many residential properties in Lincoln City, the zoning may provide the ability to operate as a vacation rental and presents exciting long-term investment potential, allowing the property to serve as a residence today while preserving the opportunity for future commercial use.Whether you're searching for a full-time residence, a coastal retreat, a vacation rental, or a well positioned investment, this is a rare opportunity to own a property that combines breathtaking waterfront living, unmatched walkability, flexible zoning, and the unmistakable magic of Devil's Lake.