Rich in character and thoughtfully updated, this inviting 1969 ranch-style home offers classic coastal charm, modern conveniences, and exceptional flexibility. Original wood floors add warmth, character, and a sense of history, while abundant natural light fills the home, creating a bright, cozy atmosphere that immediately feels welcoming. A rare opportunity in the heart of Lincoln City, this commercially zoned property offers incredible flexibility as a primary residence, coastal getaway, or investment. Commercial zoning allows the property to be licensed as a short-term rental without a waiting list—buyers simply complete the City's application process and pay the applicable licensing fee. Thoughtful improvements provide peace of mind, including a beautifully remodeled bathroom completed in 2025 with granite finishes, updated plumbing, and all work completed to code and inspected. A new electrical service panel with EV charging capability was also installed in 2025, with all work permitted, completed to code, and inspected. The kitchen features a gas range, while updated windows enhance comfort and energy efficiency. New baseboard heaters in the bedrooms and front room, wall heaters in the kitchen and bathroom, and a newer Jøtul gas stove provide year-round comfort. One of the property's standout features is the detached heated 10' x 20' studio. Beautifully finished with warm cedar interior walls, its own electrical panel, 220-volt service, and dedicated heat source, this versatile space is ideal for remote work, creative pursuits, hobbies, fitness, or simply enjoying a peaceful retreat. All electrical work was professionally permitted, completed to code, and inspected. The oversized garage offers even more versatility with its own natural gas stove-style heater, while the storage shed includes two loft storage areas, a workbench, and pegboard organization for projects and additional storage. Certain appliances may be available for purchase or negotiated separately with an acceptable offer. Outside, the partially fenced yard offers space to unwind, garden, or entertain. Ideally located just minutes from both the beach and Devils Lake, and close to parks, walking trails, shopping, and dining, this home offers the best of the Oregon Coast lifestyle. Whether you're searching for a full-time residence, a relaxing coastal retreat, or an investment opportunity with exceptional flexibility, this is more than just a home—it's a place where timeless character, thoughtful updates, and coastal living come together to create a space you'll love coming home to.