Perched above the scenic Toledo Slough and safely outside of the flood and tsunami zones, this thoughtfully constructed three-story home offers space, durability, comfort, and exceptional value in a peaceful coastal setting. Situated on a private 0.86-acre parcel, this 2,175-square-foot residence combines quality construction with flexible living areas, all just 10 minutes from Newport and close to everything Toledo has to offer. Built with longevity in mind, the home features a concrete slab foundation with engineered stem walls, durable HardiePlank siding, vinyl windows throughout, and the comfort of a ducted furnace and central air conditioning system. Inside, you'll find three levels of comfortable living space designed to accommodate a variety of lifestyles. The lower level includes a utility area, bonus room, and attached 500+ sqft garage, providing excellent storage, workspace, hobby space, or potential flex-use opportunities (nearly 2700+ sqft total). The main floor offers a spacious guest bedroom and bathroom, along with an inviting living and dining area enhanced by updated lighting throughout. The kitchen comes complete with appliances included, making this home move-in ready from day one. The upper level features an inviting additional living room or great room, creating the perfect space for a media room, home office, play area, or secondary gathering space. This level also offers three guest bedrooms, providing ample room for family and visitors. One bedroom has been updated with luxury vinyl plank flooring, while the remaining portions of the home have been well maintained and cared for. Large windows capture fantastic views overlooking the Toledo Slough and its beautiful water lilies, creating a peaceful and picturesque backdrop year-round. Outside, the private 0.86-acre property showcases terraced gardens and multiple driveway areas that provide easy access throughout the property and ample parking for vehicles, RVs, boats, trailers, or recreational toys. The generous grounds offer room for gardening, outdoor entertaining, or future improvements while maintaining a sense of privacy and tranquility. Whether you're seeking a primary residence, coastal retreat, or investment opportunity, this property delivers space, location, and solid construction at an attractive price point. Offered at $435,000 and being sold as-is, this is an excellent opportunity to own a well-built home in one of Lincoln County's most convenient and desirable locations. Come explore this property for yourself and experience the views, terraced pathways, privacy, and versatility it has to offer. Owner occupied. Appointment required Sold as is, offered well below assessed value