Lucrative investment opportunity! Successful vacation rental with eligibility to transfer vacation rental permit. Nestled on a nearly 1/3 oceanfront acre, against the majestic rolling hills of Cascade Head, this beachfront oasis provides private access to seven miles of pristine coastline.The 3,051 sq ft layout features 4 bedrooms and 3.5 baths, accommodating up to 16 guests in spacious comfort and coastal luxury. The primary suite has vaulted beamed ceilings and fireplace adding an extra touch of stately elegance. The gourmet kitchen, complete with a granite-topped island and built-in gas range, offers the perfect setting for culinary delights while enjoying the mesmerizing backdrop of crashing waves. Three fireplaces throughout the home add warmth and charm to every corner, creating an atmosphere of irresistible allure. A bonus room dedicated to housing a foosball table, creating a lively atmosphere for friendly competition and laughter. For those seeking a more refined leisure experience there is a dedicated pool table room complete with a large flat-screen TV, this room becomes the perfect gathering spot for evenings of entertainment and relaxation. Private patios, expansive decking, oceanfront hot tub and a meticulously placed stairway to the beach provide endless opportunities for outdoor enjoyment and relaxation. Whether entertaining or simply soaking in the coastal ambiance, every moment is infused with coastal luxury.In addition to the 3,051 sq ft there is 736 sq ft unfinished basement which offers endless possibilities for customization and expansion to suit individual needs. Whether dreaming of a recreation room, home theater, or wine cellar/cave, the potential is limited only by one's imagination. With the window for permit transferability closing in November 2024, the property's eligibility for a transferable permit presents a rare opportunity for the new owner to seamlessly continue the successful vacation rental operation.