$1499000

Price cut: $50K (03-18-2026)

4 Bed
4.5 Bath
3132 SqFt
53 DOM
Built: 2005
Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

Truly one-of-a-kind, this Munsel Lake waterfront retreat features two southern facing homes nestled on a secluded 2.98-acre oasis surrounded by forest and sheltered from coastal winds. With no HOA, this property offers excellent potential as a short-term rental investment or an incredible full-time residence.The custom-built main home spans 3,132 square feet and was thoughtfully designed with two primary suites—one on the main level and another upstairs with sweeping views of untouched natural surroundings. Blending privacy, comfort, and space, the home features 3 bedrooms, 3.5 bathrooms, an oversized attached garage, a spacious bonus room or den with a double-sided fireplace, formal living and dining rooms, a walk-in pantry, laundry room, and a bright breakfast nook.Expansive wraparound multi-level decking and walls of windows fill the home with natural light while showcasing breathtaking views of Munsel Lake and the surrounding forest.A second private driveway leads directly to the docks, beach area, and guest house, offering the possibility of stair-free water access.The charming waterfront cottage, approximately 900 square feet, includes 1 bedroom, 1 bathroom, a loft, kitchen, living room, and a detached drive-through garage/workshop—ideal for guests, multigenerational living, or rental income.Both homes enjoy lakefront positioning with private access to serene forest views, a private dock, and a sandy beach area. The nearly 3-acre property also offers RV and boat parking, along with leveled areas that may accommodate a future ADU or additional parking.Recent improvements include fresh exterior paint on both homes, a rebuilt dock, new deck railings throughout, and more, making this remarkable property move-in ready for it's next owners.Occupied. Shown by appointment only.

Listing Provided Courtesy of Shanna McCord, Fathom Realty Oregon, LLC

General Information

MLS #384035262
TypeSingleFamilyResidence
Days on Market 53 DOM
Beds4
Lot Size 2.98 acres
Baths4.5
SqFt3132
Year built2005
ZoningRR5
CountyLane
Tax ID0781599
ElemSiuslaw 3/10
MiddleSiuslaw 3/10
HighSiuslaw 3/10
PropCategoryResidential
PropTypeSingleFamilyResidence
Neighborhood (Legal)18-12-13-00-01100-000

Listing Provided Courtesy of Shanna McCord, Fathom Realty Oregon, LLC

Krishna Realty data last checked: Apr 06, 2026 03:53 | Listing last modified Apr 05, 2026 18:34, Source:

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Residence Information

Upper SqFt793
Main SqFt2339
Lower SqFt0
Total SqFt3132
SFSrctax
TotUp/Mn3132
Fireplaces1/Gas
Bdrms4
Full Bath4
Partial Bath1
Total Bath4.5
RoofComposition,Membrane
Garage2, Attached, Oversized
StyleStories2,CustomStyle
ParkingDriveway,OffStreet
Levels2
Year Built2005
Green CertNo
Energy Eff
ExteriorVinylSiding
Bsmt/FndCrawlSpace,DirtFloor
RVRVParking
URM
BasementCrawlSpace,DirtFloor
FoundationPillarPostPier
WindowsDoublePaneWindows
Amenities

Features and Utilities

Living
KitchenBuiltinRange, BuiltinRefrigerator, Dishwasher, Pantry, RangeHood, SolidSurfaceCountertop
InteriorAccessoryDwellingUnit, CeilingFan, GarageDoorOpener, HighCeilings, LaminateFlooring, Laundry, SoakingTub
ExteriorAccessoryDwellingUnit, Deck, Dock, FirePit, GasHookup, GuestQuarters, OutdoorFireplace, Patio, Porch, Private
AccessibilityAccessibleApproachwithRamp, AccessibleEntrance, GarageonMain, MainFloorBedroomBath, NaturalLighting, Park
CoolNone
WaterElectricity
HeatWallHeater, Zoned
SewerSepticTank
Hot WaterElectricity
FuelElectricity, Gas

Financial

PTax/Yr7060.54
HOA0
HOA Incl
HOA Fee
Other Dues
Terms ConsideredCash,Conventional,FHA,VALoan
List Date02-11-2026
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date
DOM 53
CDOM 54
Sold Date
TermsCash,Conventional,FHA,VALoan
Original Price$1,500,000
List Price$1,499,000
Sold Price
Last ModifiedApr 05, 2026 18:34

Schools

public Elementary : Siuslaw 3/10 Ratings

public Middle : Siuslaw 3/10 Ratings

public High : Siuslaw 3/10 Ratings

Map

Listing courtesy of Fathom Realty Oregon, LLC.

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. Krishna Realty data last checked: Apr 06, 2026 03:53 | Listing last modified Apr 05, 2026 18:34. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

5816 MARTIN RD