Coastal opportunity with an approved short term license just one block from the beach and Promenade! This spacious 3,080 square foot home offers 5 bedrooms and 4 bathrooms, thoughtfully remodeled in 2006 and designed for flexibility, comfort, and coastal living. Centrally located in Seaside, you're only 7 miles south to Cannon Beach and 16 miles north to Astoria, while still enjoying a quiet neighborhood setting within easy walking distance to the beach, downtown shopping, and dining.Inside, the versatile layout provides endless possibilities with multiple rooms ideal for hobby spaces, exercise rooms, home office use, or additional guest accommodations. The upper-level great room is perfect for gatherings, movie nights, and relaxing after a day on the sand. Two en-suite bedrooms, one on each level offer privacy and convenience, making the home well-suited for hosting guests or multi-generational living. An oversized garage provides ample storage for beach gear, bikes, and an RV/ boat parking pad as well. This property has already secured a short-term rental license with the City of Seaside ' a highly valuable and increasingly rare asset that includes 3 parking spaces! Rental income projections exceed $70,000 annually based on estimates from multiple management companies, creating an attractive investment opportunity or part-time coastal retreat. Enjoy the vibrant Seaside vibe ' morning walks along the Promenade, biking the waterfront, family fun at the arcade, local coffee shops, breweries, and year-round events ' all while being tucked into a peaceful neighborhood just moments from it all. Whether you're looking for a primary residence, vacation home, or income-producing coastal property, this one delivers location, space, and lifestyle.