29 SW Coast Street
Newport, OR 97365
MLS# 21-2057
Status:
Closed12 beds | 6 baths | 4911 sqft
Property DescriptionThree: 4 bedroom, 2 bath, Oceanview, furnished Victorian style homes with Grandfathered vacation rental approval. Exquisite craftsman details include high ceilings, custom trim and shingle work, and artistic touches throughout. Each home has a private fenced yard with a hot tub, deck and BBQ. Open concept main living upstairs with fireplaces and great view of the ocean, Nye Beach and to the lighthouse. Sought after location in the heart of Nye Beach directly across from Newport Preforming Arts Center and just blocks to beach access Buyer can apply for a new vacation rental license and have an excellent opportunity to obtain a revenue generating homes that have been well managed and meticulously maintained. Perfect 1031 exchange or investment property, or live in one, rent the other two.
Current Price: $1,800,000
Sold Price: $1,800,000
Begin Date: 2021-08-18
BA Comm: 2.25
BA Comm Type: %
Bank/Lender Owned?: No
Short Sale: No
3rd Party Approval: No
Property Sub-Type: Town Home
Major Area: Newport/South Beach
Minor Area: Nye Beach District
Frontage: None
Primary View: Ocean
Frontage/View Remarks: Nye Beach Ocean views and views out towards the Yaquina lighthouse from Wakefield.
Secondary View: Ocean
Total Bedrooms: 12
Total Bathrooms: 6
Levels: Two
Total SqFt.: 4911
Year Built: 1999
Year Built Remarks: A 1997, B, 99, C 02
Lot Dimensions: 112 x 83.33
# of Acres: 0.22
Style: Victorian
Basement: No
Garage Type: None
House Number: 29
Street Direction Pfx: SW
Street Name: Coast
Street Sfx: Street
County: Lincoln
State/Province: OR
Postal Code: 97365
Property Tax ID #: R225209
Parcel Nbr: R225209
Tax Map Number: 111108BB
Tax Lot: 22200
Taxes$: 14471.04
Tax Year: 2020
Tax Remarks: Per assessor(3 homes on one lot)
Tax District: 104
Zoning: R-4 Residential
Neighborhood Code: NNNI
Subdivision: Barlow Blocks
Subdv Parcel/Lot: 22200
Hwy 101: West Side
Cross Street: Olive
Directions: Hwy 101, West on Olive Street, South on Coast Street, directly across from the Newport Preforming Arts Center.
Status: Closed
Under Contract Date: 2021-11-21
Sold Price: $1,800,000
Sold Date: 2022-04-27
Sq Ft Per: County Assessor
Water Heater: Electric
Washer/Dryer: Electric
Range/Oven: Electric
Furnished: Yes
Foundation: Concrete Perimeter
Lot Type: Dimensions Above
Internal Features: Dishwasher; Microwave; Refrigerator; Window Coverings
Heating/Cooling: Gas Forced Air
Alternate Heat: Gas FP Insert
Sellers Terms: 1031; Cash; Conventional
The three Victorian style homes all have distinct character, similar but with slight variations. Created in the tradition of the turn-of-the-century community that was Newport's Historic Nye Beach. The Homes were modeled after the Queen Anne period of Victorian architecture and the owner drew inspiration from the Historic San Francisco row houses.
(See floor plans in the photos for Layout)
They were built in the following order:
Wakefield 1997
1590 Sq. Ft 4 bedroom, 2 Bath
Applegate 1999
1610 Sq. Ft 4 bedroom, 2 Bath
Bennington 2002
1711 Sq. Ft-4 bedroom, 2 Bath
The Wakefield is the northernmost home and looks to the Yaquina Head lighthouse. The offset two-story box bay window and juxtaposed conventional bay window give the visitor many comfortable nooks to while away the hours in relative privacy while watching the horizon.
Applegate is in the middle and is painted with warm colors, The large two story bay window is the visual anchor of the west facade. With crown moldings both inside and out and ornate shingle exterior, the entire west face makes for an impressive streetscape. Features a gas fireplace in the living room and nice ocean views.
Bennington is the southernmost home and it has a gas fireplace is is also a bit larger so it's best for larger groups. From the raised panel bay windows to the pillars that rise on either side of each opening; that are capped with extensive crown and dentil detail. One can immediately sense that this will be no ordinary vacation rental.
Each home comes turn key and furnished with Kitchen Appliances, Stackable Washer/Dryer, and Hot Tubs. Each Home sleeps 9.
There is an easement across the lot to the south(Also Available for Sale for $299,000) This easement allows access to the East side of the homes for parking. There is three designated Spots onsite and an additional three on the street, Coast Street is wide in this location and there is plenty of on street parking and the location can't be beat with easy beach access just one block away. All of what we love about of Nye Beach, Preforming arts center, visual arts, galleries, shopping and dining at your fingertips.
Buyers will need to apply for a new Grandfathered Vacation Rental License with the city of Newport. The homes have a common and shared water and sewer line. The Additional lot next door to the south could be purchased along with this property, providing for the owner to live nearby on the adjacent lot, It provides many options.
Room Name |
Kitchen |
Living Room |
Bedroom 1 |
Bathroom 1 |
Bedroom 2 |
Bedroom 3 |
Bedroom 4 |
Bathroom 2 |
Listing Office: Advantage Real Estate
Last Updated: March - 15 - 2023
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Broker Attribution:
(541) 265-2200