Two-bedroom home sells for $520,000 in Lincoln City

Published Jun 2, 2025

The property located at 5565 Palisades Drive in Lincoln City was sold on May 16, 2025 for $520,000, or $397 per square foot. The house, built in 1973, has an interior space of 1,310 square feet. The layout of this single-story home consists of two bedrooms. Situated on a spacious 6,098-square-foot lot, the property offers ample outdoor space.

Additional houses that have recently changed hands close by include:

· In October 2024, a 978-square-foot home on Shore Drive in Lincoln City sold for $440,000, a price per square foot of $450. The home has 2 bedrooms and 1 bathroom.

· On Palisades Drive, Lincoln City, in April 2023, a 1,227-square-foot home was sold for $410,000, a price per square foot of $334. The home has 3 bedrooms and 2 bathrooms.

· A 1,926-square-foot home at 5455 Hacienda Avenue in Lincoln City sold in January 2024 for $488,000, a price per square foot of $253. The home has 2 bedrooms and 2 bathrooms.