1. Oregon
  2. Toledo
  3. 329 OLALLA Rd
$870,000

329 OLALLA Rd, Toledo, OR 97391

  • 2 beds |
  • 1 bath |
  • 890 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon15.75acre lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $978/sqft
  • Property List Date Icon Listed 11 days ago

Property Description

Escape to this beautifully updated home on 15.75 acres of serene, park-like land, located just minutes from Newport, Oregon. Zoned RR-5, this rare property offers the potential to divide into 5-acre parcels making it both a smart investment and a peaceful retreat. Surrounded by towering, mature timber, the setting is quiet, private, and truly picturesque like living in your own forest park. The home has been thoughtfully updated with a brand-new deck, a remodeled kitchen and bathroom, all-new flooring, and new windows that fill the space with natural light and offer stunning views of the surrounding forest. Additional modern upgrades include a new hot water heater, a new dishwasher, and a new heat pump for year-round comfort.The home also features all-new rain gutters, a newly constructed well house, a gravity-fed spring, and an above-ground holding tank providing sustainable and reliable water access. The attached garage includes a dedicated workshop area, ideal for projects, hobbies, or additional storage. The gently sloped land offers multiple potential homesites, perfect for building or expansion. With RR-5 zoning, the acreage can be divided, offering valuable flexibility for future development. Best of all, Olalla Lakealso known as Olalla Reservoir is just moments away, offering excellent fishing and outdoor recreation right at your doorstep. This is a rare opportunity to own a move-in-ready home with acreage, privacy, and development potential in a highly desirable location close to the Oregon Coast and the amenities of Newport.

Listing Status:
Active
Date Added:
August 16, 2025 at 05:00AM
Listing Office:
Coldwell Banker Professional : 503-538-0468
Listing Agent:
Hannah Katz : 541-418-3101
MLS ID:
457115171
  • General: Vaulted ceilingWallto wall carpetWasher dryer
  • Appliances: DishwasherFree standing refrigerator
  • A/C: Heat pump
  • Heating: DuctlessHeat pump

This listing courtesy of Hannah Katz, Coldwell Banker Professional

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Toledo Elementary School

600 SE Sturdevant Rd, Toledo, OR, 97391

Grades KG-6

2.15 miles away

T

Toledo Jr. High School

600 SE Sturdevant Rd, Toledo, OR, 97391

Grades 7-8

1.08 miles away

T

Toledo Jr/Sr High School

1800 NE Sturdevant Rd, Toledo, OR, 97391

Grades 7-12

1.08 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.