$1,800,000
Newport, OR 97365
MLS# LC-94548
Status: Closed
12 beds | 6 baths | 4911 sqft

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Property Description
Three: 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.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2022-04-27
Price Change Timestamp: 2021-10-08T20:05:16Z
Purchase Contract Date: 2021-11-21
Close Date: 2022-04-27
Close Price: 1800000
Tax & Legal
CC&R's: No
Interior
Basement YN: No
Fireplace YN: Yes
Living Area Source: Assessor
Main Floor Living: No
Bedrooms Total: 12
Bathrooms Total: 6
Living Area: 4911
Currently Not Used
Furnished: Furnished
Building
Year Built Details: A 1997, B, 99, C 02
Year Built: 1999
Lot
Lot Size Dimensions: 112 x 83.33
View YN: Yes
Lot Size Acres: 0.22
Lot Size Square Feet: 9583.2
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Frontage/View Remarks: Nye Beach Ocean views and views out towards the Yaquina lighthouse from Wakefield., Selling Remarks: Commercial loan
Appliances
Dishwasher: 1
Dryer: 1
Electric Oven: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Water Heater: 1
Architectural Style
Victorian: 1
Building and Property Details
Washer/Dryer Type: Electric
Construction Materials
Cedar: 1
Shake Siding: 1
Shingle Siding: 1
Fireplace Features
Gas: 1
Insert: 1
Flooring
Carpet: 1
Vinyl: 1
Foundation Details
Concrete Perimeter: 1
Heating
Natural Gas: 1
Forced Air: 1
Interior Features
Vaulted Ceiling(s): 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other Structures
None: 1
Outdoor Living Spaces Features
Deck: 1
Possession
Negotiable: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Sewer
Public Sewer: 1
Water Body Type
Ocean: 1
Water Heater
Electric: 1
Water Source
Public: 1
Window Features
Window Treatments: 1
Additional Tax and Location Information
Highway 101: West Side
Neighborhood Code: NNNI
Property Tax ID #: R225209
Subdivision Parcel/Lot: 22200
Tax District: 104
Tax Remarks: Per assessor(3 homes on one lot)
Showing Requirements
Appointment Only: 1
Key In Office: 1
Restricted Hours: 1
Room Types
Bathroom: 1
Bathroom Level: First
Bedroom 2: 1
Bedroom 2 Level: First
Bedroom 3: 1
Bedroom 3 Level: First
Bedroom 4: 1
Bedroom 4 Level: First
Kitchen: 1
Kitchen Level: First
Living Room: 1
Living Room Level: First
Primary Bedroom: 1
Primary Bedroom Level: First
Historical Details
Historical MLS Number: 21-2057
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Townhouse
Address
Street Number: 29
Street Direction Prefix: SW
Street Name: Coast
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97365
Directions: Hwy 101, West on Olive Street, South on Coast Street, directly across from the Newport Preforming Arts Center.
Cross Street: Olive
Parcel Number: R225209
Contract
Current Price: $1,800,000
Status: Closed
Begin Date: 2021-08-18
Sold Price: $1,800,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Barlow Blocks
Tax Annual Amount: 14471.04
Tax Year: 2020
Zoning: R-4 Residential
Tax Lot: 22200
Tax Map Number: 111108BB
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Microwave; Refrigerator; Washer; Water Heater
Architectural Style: Victorian
Construction Materials: Cedar; Shake Siding; Shingle Siding
Fireplace Features: Gas; Insert
Flooring: Carpet; Vinyl
Foundation Details: Concrete Perimeter
Heating: Natural Gas; Forced Air
Interior Features: Vaulted Ceiling(s)
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional
Other Structures: None
Outdoor Living Spaces Features: Deck
Possession: Negotiable
Road Surface Type: Paved
Roof: Composition
Sewer: Public Sewer
Water Body Type: Ocean
Water Heater: Electric
Water Source: Public
Window Features: Window Treatments
Showing Requirements: Appointment Only; Key In Office; Restricted Hours
Room Types: Bathroom; Bedroom 2; Bedroom 3; Bedroom 4; Kitchen; Living Room; Primary Bedroom
Supplements
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 Information
| Room Name | Level |
| Kitchen | Upper |
| Living Room | Upper |
| Primary Bedroom | Upper |
| Bathroom | Upper |
| Bathroom | Lower |
| Bedroom 2 | Lower |
| Bedroom 3 | Lower |
| Bedroom 4 | Lower |
Listing Office: Advantage Real Estate

Office Email: info@advantagerealestate.com
Last Updated: January - 14 - 2026
Information deemed reliable but not guaranteed.
Broker Attribution:
(541) 265-2200

Nye Beach overlay