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    Wellington Ave, Unit 1202 Gearhart, OR 97138

    For Sale
    $1,450,000

    LAND - Gearhart, OR

    Type:Single Family Residence
    Days on Market:
    44
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for Wellington Ave

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    R-1
    APN
    9204

    Windermere Realty Trust (503) 220-1144 [email protected]

    Listing agent Melissa Eddy (503) 738-8522

    Listing date Oct 23, 2025

    MLS# 512866490 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Lot with Ocean Views

    This exceptional lot at Little Beach offers views of the estuary, ocean, and Tillamook Head. This waterfront property in Gearhart presents a chance to construct a home. The boundary corners are marked, and the site has received septic approval. The property is located in Gearhart, Oregon, with a zoning designation of R-1.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gearhart
    County
    Clatsop
    State
    Oregon
    Longitude
    -123.922078
    Latitude
    46.017714

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    FAQs

    What type of property is this?
    Land - Exceptional Gearhart lot with estuary, ocean, and Tillamook Head views.
    Where is this land located?
    The property is located at Wellington Ave, Unit 1202 Gearhart, OR.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Breathtaking views of the estuary, ocean, and Tillamook Head.; - Waterfront property in Gearhart.; - Septic approval already obtained.
    (503) 738-8522
    Request Owner's contact information
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    Gearhart, OR 97138
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Wellington Ave, Unit 1202 Gearhart, OR 97138
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