220 NW 68TH ST new Save Request In-Person Tour Request Virtual Tour
Newport,OR 97365
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 320817662
Style Stories2, Traditional
Bedrooms 3
Full Baths 2
Year Built 1967
Annual Tax Amount $10,504
Tax Year 2024
Lot Size 0.970 Acres
Property Sub-Type Single Family Residence
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
Area _200
Zoning R-2
Rooms
Basement None
Interior
Interior Features Wallto Wall Carpet, Washer Dryer
Heating Baseboard
Fireplaces Number 1
Fireplaces Type Wood Burning
Appliance Builtin Range, Dishwasher, Free Standing Refrigerator
Exterior
Exterior Feature Deck, Outbuilding, Public Road
Waterfront Description OceanFront
View Ocean
Roof Type Metal
Garage No
Building
Lot Description Ocean Beach One Quarter Mile Or Less, Public Road, Sloped
Story 2
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Yaquina View
Middle Schools Newport
High Schools Newport
Others
Senior Community No
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional