Bought with Realty One Group At The Beach
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118 SW BROOK ST Newport, OR 97365
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Key Details
Sold Price $315,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 995 sqft
Price per Sqft $316
MLS Listing ID 604735773
Sold Date 08/19/25
Style Stories2, Cottage
Bedrooms 3
Full Baths 1
Year Built 1915
Annual Tax Amount $2,229
Tax Year 2024
Lot Size 6,098 Sqft
Property Sub-Type Single Family Residence
Property Description
Investor alert in prime Nye Beach location! Zoned R4, this 0.14-acre lot offers development potential—build a motel, lodge, clinic, office, or multi-unit housing. The current 3 bed, 1 bath home uses half the lot—develop the other half or expand upward to capture the ocean views. Enclose the unfinished basement for added living space or rebuild the detached garage for storage or ADU potential. Updated electric panel (approx. 3 years ago). Just blocks from shops, restaurants, and the beach. Ocean views from main level—stunning views possible from upper floors. Endless options in a high-demand coastal zone. This is a rare find with major upside in Newport's sought-after Nye Beach District! Buyer to confirm permitted uses, building or remodeling guidelines and restrictions, with the county.
Location
State OR
County Lincoln
Area _200
Zoning R-4
Rooms
Basement Crawl Space, Dirt Floor, Unfinished
Interior
Heating Baseboard
Appliance Free Standing Range, Free Standing Refrigerator
Exterior
Parking Features Detached
Garage Spaces 1.0
View Ocean
Roof Type Composition
Garage Yes
Building
Lot Description Level, Sloped
Story 3
Foundation Pillar Post Pier
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Yaquina View
Middle Schools Newport
High Schools Newport
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
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