Rare oceanfront compound in sought-after Nelscott Beach, priced below market to reflect a parking conversion opportunity. The property includes a two-unit duplex - each with 1BR/1BA and a wood-burning fireplace and kitchenette - plus a 4BR/2.5BA main home, all with direct beach access via private stairs to miles of sand and surf. A large oceanfront deck, protective concrete seawall, and classic Oregon Coast details throughout - knotty pine, wainscoting, and wood-burning fireplaces. Mixed Use zoning allows vacation rentals. The lower level is well-suited for conversion to on-site parking, which would significantly enhance rental income potential and overall value. A compelling buy for the investor or buyer willing to do the work.