Homes for sale - 220 NW 68TH ST, Newport, OR 97365

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Marshall Rosario

marshall@primenwhomes.com +1(971) 645-6977

Listed by Cascade Hasson Sotheby's International Realty

$ 1,049,000

Est. payment | -/mo

3 Beds

2 Baths

2,224 SqFt

Save

$ 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 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

Regional Multiple Listing Service (RMLS)

220 NW 68TH ST Newport, OR 97365