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👁🗨 Sesemi STR Hot Sheet | 📲 STR Mortgages
Dear Sesemi STReet Subscriber,
In addition to TEN HOT STR listings please enjoy Sunday’s editor market opinion and thank you for your membership and loyalty.
2025 is off to a chaotic economic start but one asset class that appears solid is prime coastal Oregon real estate. We keep a watchful eye on market and mortgage conditions from Florida (my home state) to SoCal (my seasonal home) and of course Oregon (my happy place). Generally we’re observing increasing housing inventory in markets that were overheated and over-speculated from pandemic induced influences and here in Oregon a less intense but strong & stable housing market.
When I first invested in Oregon in late 2018 investors could acquire developable coastal lots and land for sub $50k. Those days are done. A .10-.20 acre bare lot is roughly $100k (with a view $200k) and with utilities of any type closer to $125-150k. My first OR home purchase (600SF fixer) cost $85k. That same home today is $250-275k and probably..actually worth it. Where else in the US can investors buy a coastal residence or property with utilities near the ocean for that price - in a location one would actually want to spend time in?
Historically, Real Estate is hyper-localized and markets are influenced by a variety of factors that contribute to strength, sales and valuations. The internet and digital home browsing (especially during the pandemic) has distorted real estate shopping / investment but over the long-term - ALL markets ALWAYS revert to the norm. I suppose I’m emphasizing that one-size does not fit all and the trends and motivating forces that make the Oregon Coast market increasingly desirable and investable are evolving and maturing.
Several of my recent investor clientele (and with increasing proportion) were drawn to the Oregon Coast for primarily similar themes: climate, cost, insurability, inhabitability, invest-ability, retire-ability and refuge & retreat. When we fast forward 5-10-20 years there are not many places on the (US) map that forecast as ‘better’ places to live and own. I’d like to fish and invest in the Florida Keys but I can’t reasonably afford the risk.
Unlike-wise, the most recent property I’m aiming to acquire has a 0/10 flood, 0/10 fire, 1/10 heat risk with 70 degree days are expected to increase by 200% during the next two decades. Weather aside, for investment results, as much as valuations have accelerated there is conceivably more room to grow in comparison to other western States. There is abnormally low inventory of housing on the Oregon Coast (1000± SFR active listings) with a majority of those 50+ years old and in need of considerable updating.
Unusually, I’m unaware of any significant speculative or over-investment on the coast. The vast majority of our STR buyers were seeking a second home suitable for vacation rental usages and extremely well qualified. They’re were not necessarily looking to maximize ROI and I’d confidently say nearly all of them are cash flow even or positive with many seeing double digit COC returns. Long-term, the investments should satisfy ownership obligations (and mortgage debt) with leveraged rental income. Additionally, ‘they’ are not making any more vacation rentals and the barriers to entry continue to solidify. The target of a permissible STR is moving faster and growing smaller with each successive year.
A live example is Dunes City outside of Florence. They recently implemented their STR rules of 40 or so properties and there are 3-4 slots left as of Friday. Meaning:
It’s still feasible to own a coastal vacation rental (unlike..WA/CA/?)
Reasonable to anticipate investment upside.
Economic uncertainty is certain. Volatility emphasizes priority. Personally, I hypothesize we’re facing an inflationary period and re-valuation of USD with cash reserves potentially becoming a risk asset. We continue to be bullish AU, AG, commodities, land and OR RE.
Prosperously, 🖖🏽
Anthony AJ Wong
As always for a full OR STR overview and list of recent transactions visit our website and thank you for your continued support as we strive to deliver the most accurate vacation rental and investment insight and prospects along the Oregon Coast and beyond.
Hosted by OR & CA RE Broker and NMLS Mortgage Broker Anthony AJ Wong.
We’re continuing to keep an eye on the proposed tax cuts that could extend the STR Tax Loop Hole!
Featured STR Listing: 695 N Pacific St Rockaway Beach OR
Asking $975,000
🔑 TEN HOT Oregon Coast Vacation Rentals For Sale:
915 Ransom Ave, Brookings OR - 3 / 2 1477SF - Peak A Boo ocean-view with STR zoning. Asking $514,900
914 N Holladay Dr, Seaside OR - 3 / 2 2200SF - Riverfront home For Sale By Owner. Asking $595,000
598 Tichenor St, Port Orford OR - 2 / 1 1152SF - Dramatic ocean-view active STR with commercial zoning. Asking $598,000
525 Lange St Depoe Bay OR - 3/2 1512SF, Commercially zoned double lot. Eligible for STR. Now Asking $599,000
2747 SW Beach Ave Lincoln City OR - 5 / 4 1848SF - Turn-key Olivia Beach STR. Asking $725,000
32100 Hemlock Ln, Arch Cape OR - 3 / 3 1632SF - Active turn-key STR. Eligible for permit. Asking $819,000
107 SW Coast St Newport OR - 4/4 3167SF - Back on Market! Commercially zoned active STR. Annual gross revenue of $140k Asking $1,225,000.
229 S Pacific St, Rockaway Beach OR - 5 / 3 2286SF - Oceafront zoned commercial. Asking $1,499,000
34510 Ocean Dr, Pacific City OR - 4 / 3 2321SF- Stunning oceanfront STR with no waitlist. Asking $1,765,000
83505 S Cove Way, Florence (Dunes City) OR - 4 / 3 3494SF - Lakefront Estate. Eligible for STR* Asking $1,950,000
👁🗨 Our exclusive STR HOT SHEET is updated daily and features 100+ active and off market vacation rental properties for sale. Search 24/7/365 | Text 541-800-0455 for the secret passcode!
BONUS: Here are two Commercial & Multi Family listings in Oregon:
West Devils Lake Road - Lakefront acreage with tear-down and commercial zoning and boat dock. Asking $1,200,000
180 NE Grant St #1-2-5 Waldport OR - Coastal Five-Plex. Asking $750,000
Thank you for reading this week’s edition of SesemiSTReet your premier information source for vacation Rental and investment property insight throughout Oregon & California.
Browse ALL active and eligible Oregon Coast vacation rentals listed for sale on our invite only STR HOT website SESEMISHEET updated daily! Text for secret passcode.
Selling a property sometime soon? Supercharge your 1031 exchange search featuring HIGH ROI properties including: Apartment Complexes, RV & Mobile Parks, Storage, Industrial, Commercial and Development Opportunities.
P.S. As a licensed NMLS mortgage broker with C2 Financial we cohesively support investors with curated loan programs. If you are in contract or considering an offer on a property nationwide, feel free to forward your BEST quote to our team for a zero obligation second look loan review. For those pending, we offer a 24 hour full loan commitment to help you and your agent win the offer! Reach out for optimized weekend Pre Approvals and professional mortgage support.
Ask about our premier mortgage programs:
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1-100 Units + Commercial
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📲 541-800-0455 📧 [email protected]
Licensed Real Estate Broker in the States of Oregon & California
Fathom Realty LLC
FL NMLS ID: 2297941
