Positioned at the center of Phase 1 in Depoe Hills, this exceptional collection of five turnkey townhomes presents a rare investment opportunity on the Oregon Coast. Located just minutes from Depoe Bay, but perched hundreds of feet up the hillside, these townhomes feature commanding ocean views to the north and west. The offering includes two spacious end units with 3 bedrooms, along with three middle residences featuring 2 bedrooms plus an upstairs flex space ideal for additional guests, office, or media use. All residences will be fully furnished and equipped for rental operation or personal use. For investors seeking long-term certainty, short term rental use is expressly permitted within the community's recorded master plat and is not dependent upon future discretionary approvals or shifting municipal policies. Immediate access to the community plaza further enhances guest appeal and rental performance. Rental projections available upon request.