329 OLALLA RD

Toledo, 97391

  • 2 Bed

  • 1 Bath

  • 890 SqFt

  • 1 DOM

  • Built: 1950

  • Status: Active

$870,000

X

329 OLALLA RD

Toledo 97391

$870000

  • 2 Bed

  • 1 Bath

  • 890 SqFt

  • 1 DOM

  • Built: 1950

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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.

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Residence Information

  • 0

  • 890

  • 0

  • 890

  • trio

  • 890

  • 2

  • 1

  • 0

  • 1

  • Metal

  • 1, Detached

  • Traditional

  • RVAccessParking

  • 2

  • 1950

  • No

  • Cedar

  • RVParking

  • ConcretePerimeter,Pi

Features and Utilities

  • Dishwasher, FreeStandingRefrigerator

  • VaultedCeiling, WalltoWallCarpet, WasherDryer

  • Deck, RVParking

  • HeatPump

  • Electricity

  • Ductless, HeatPump

  • SepticTank

  • Electricity

  • Electricity

Financial

  • 1105.55

  • 0

  • Cash,Conventional

  • 08-16-2025

  • No

  • No

Comparable Information

  • 1

  • 1

  • Cash,Conventional

  • $870,000

  • $870,000

  • Aug 16, 2025 09:43

Schools

Elementary : Toledo N/A Ratings
Middle : Toledo N/A Ratings
High : Toledo N/A Ratings

Map

Listing courtesy of Coldwell Banker Professional.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Aug 17, 2025 04:46 | Listing last modified Aug 16, 2025 09:43. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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