For sale Home

Listed Jul 22, 2026

$470,000 Est. $3,109/mo

1061 South Downing Street

  • 2

    Beds

  • 1

    Baths

  • 788

    Sq ft

The story

  • Basement

Turnkey coastal retreat just three blocks from the beach! This beautifully updated 2-bedroom, 1-bath home is currently operating as a successful vacation rental and offers an outstanding opportunity as an investment property, second home, or full-time residence. Recent improvements include new flooring throughout, a new asphalt driveway and a new secure gated asphalt parking area providing ample off-street parking and added privacy. The fully fenced yard is ideal for pets, outdoor entertaining, or simply relaxing after a day at the beach. Being sold fully furnished, this move-in-ready home allows the next owner to enjoy it immediately or continue operating it as a vacation rental, subject to the City of Seaside's short-term rental licensing requirements. Located in the desirable R-3 zone, the property also offers future development potential (buyer to perform due diligence re this, and licensing after purchase as a short term rental property). Just minutes from the beach, shopping, restaurants, and Seaside's vibrant downtown, this is a rare opportunity to own a well-maintained coastal property with flexibility, charm, and income potential. Don't miss your chance to own a piece of the Oregon Coast...schedule your private showing today!

Facts & features

Home type

Home

Year built

1947

Floors

1

Price per sq ft

$596

Included features

  • Fireplace

    1 fireplace

  • Basement

    Yes

  • Heating

    Forced Air 90

  • Appliances

    Free Standing Range, Free Standing Refrigerator, Tile

  • Roof

    Composition

  • Lot Information

    Level, Trees

  • Exterior

    Deck, Fenced, Fire Pit, Outbuilding, Tool Shed, Yard

  • Water Source

    Public Water

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$3,109 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $2,502
  • Property tax $470
  • Insurance $137

Includes principal, interest, taxes & insurance.

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Listing Broker

Rise Above Realty

Broker Name

Rise Above Realty

Agent

Ann Samuelson