5.90-acre R-1 lot along Hwy 34 in Waldport with elevated Alsea Bay view and strong residential development potential. Set on a hillside above the bay, this property offers a beautiful coastal setting with room to create a private homesite or explore a larger development concept. Located adjacent to the 1.18-acre R-2 parcel also offered for sale, with public water and electric available at the street. R-1 zoning allows for site-built or manufactured homes. Septic needed. The property offers potential for a single-family residence, partition, or possible subdivision when considered together with the adjacent 1.18-acre parcel, subject to City/County approval. Buyer to verify all development options with the City of Waldport and Lincoln County.