Own a one-fifth share of a modern, fully-furnished beach house in Manzanita, Oregon, for $89,900. Appraised in March 2008 for $94,900.This is an affordable way to own a low-maintenance, charming 3 BR, 2 BA vacation home within blocks of the beach in one of Oregon’s most beautiful and secluded beach communities. You will be one of five equal co-owners, each of whom is entitled to 10-plus weeks, including two holiday weeks, every year. Weeks and choice of holidays rotate annually.Cash offers only from persons who want to enjoy this house for themselves. The contract among the five owners does not allow mortgage loans on the house or rentals to the public. Ownership has been stable since first established when the house was constructed in 1992; only two shares have changed hands since then.Owners assess themselves $75 per month for fixed costs (property taxes, insurance and repairs) and $15 per night for usage to cover utilities, water, cable TV etc. There is a reserve fund of approximately $7,000, included in the price of the share.The home will be open on Sat-Sun, Aug. 30-31 from 11 AM to 4 PM. and Mon Sept. 1 from 10 AM to 2 PM.For more information, call Katy Riker, 503-281-8447 or Tim Nesbitt, 503-780-8865