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$ 1,049,000

Est. payment | -/mo

3 Beds

2 Baths

2,224 SqFt

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$ 1,049,000

Est. payment | -/mo

Save

3 Beds

2 Baths

2,224 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,224 sqft

Price per Sqft $471

MLS Listing ID LC-103841

Style Traditional

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1967

Annual Tax Amount $10,728

Tax Year 2025

Lot Size 0.970 Acres

Acres 42253.2

Property Sub-Type Single Family Residence

Source Oregon Coast Multiple Listing Service

Property Description

This property has a spectacular setting for your dream beach house or higher-density housing project. The existing home is perched on a low bluff with terrific views of the Yaquina Head Lighthouse. There is a private access path leading to the beach and the property is protected from the ocean surf by a recently improved seawall. The original home was constructed in 1967 and expanded in 1985. Slide activity on adjacent land and undeveloped portions of the property damaged a few outbuildings in recent years. In May 2022, the owners engaged a geologist to study surface soil conditions and monitor land movement. The geologist report published in September 2024 indicates no discernible land movement was detected during the study period. The report also includes recommendations for future site development work. An A-frame adjacent to the main house has obvious structural issues. The geologist report indicates the issues were likely caused by improper fill before the structure was constructed. The owners have closed this building to occupancy due to safety concerns. The main house is habitable and has been rented for the past few years. However, the house needs repair and may be near the end of its useful life. The owners intend to sell the property as is and not be involved in any repairs. The optimal use of this property may be for higher-density housing. The City of Newport zoning ordinances currently allow for single family, duplex, townhouse or cottage cluster projects on R-2 zoned properties.

Location

State OR

County Lincoln

Zoning R-2 Residential

Direction Turn west off Hwy 101 onto NW 68th St to end of road.

Rooms

Other Rooms Shed(s)

Interior

Heating Electric, Baseboard

Cooling None

Flooring Carpet

Fireplaces Number 1

Fireplaces Type Wood Burning

Fireplace Yes

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Ocean

Roof Type Metal

Porch Deck

Garage No

Building

Lot Description Irregular Lot

Story 2

Foundation Slab

Water Public

Architectural Style Traditional

Level or Stories 2

New Construction No

Others

Senior Community false

Tax ID 101120CB-107-00

Lincoln County MLS Oregon / OREGON COAST MLS

Listed by Cascade Hasson Sotheby's International Realty

Nearby Locations

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+1(503) 465-5077

info@tbnrealty.com

320 N Main Ave #213, Gresham, Oregon, 97030, USA

220 NW 68th ST Newport, OR 97365

The Broker Network, LLC

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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220 NW 68th ST