$1,900,000
29 SW Coast St
Newport, OR 97365
MLS# 21-2057
12 beds  |  6 baths  |  4911 sqft


Three Victorian Homes in the heart of Nye Beach, directly across from the Newport Preforming Arts center.
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Three Victorian Homes in the heart of Nye Beach, directly across from the Newport Preforming Arts center. The Wakefield house is the Northern most home, It has a view of the Yaquina lighthouse and out to the ocean.Wakefield was the first home built in 1997. East side of the Wakefield house, Showing the fenced yards, private decks and hot tub area. 29 SW Coast St, Newport, OR 97365 Entry to the Wakefield home, Slate floors, custom trim. Wakefield formal entry. 29 SW Coast St, Newport, OR 97365 Wakefield sitting Area looking out to the ocean, over Nye Beach and out to the Yaquina Lighthouse. Wakefield Main Living area, showing Vaulted Ceilings and open design, a great place to gather. 29 SW Coast St, Newport, OR 97365 Wakefields charming Living room with bump out bay window. Ocean views looking to the west and North to lighthouse. 29 SW Coast St, Newport, OR 97365 Open Easy maintenance Kitchen, lots of room to gather when cooking a coastal meal. 29 SW Coast St, Newport, OR 97365 Wakefield Bedroom one on upper floor, overlooks the back yard and has a charming in the trees feel. 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 Lower Level Lower level Wakefield bedroom three, large enough for two double beds, looks out to courtyard. 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 Warm entrance to the Applegate, slate floors and custom trim. Bedroom on the right of the entry,Charming west facing bay windows. Bedroom on lower level, room for two beds, windows look out to private fenced yard and deck. 29 SW Coast St, Newport, OR 97365 bedroom on the lower level with door out to the hot tub and deck area. Slate Entry. Warm and cozy East Bedroom on the lower level, tucked in amongst the shore pines. Lower level bathroom with tub/shower. 29 SW Coast St, Newport, OR 97365 Stackable laundry in Applegate Lower level bathroom. open concept living room, Nice Ocean views. Dining Area with ocean views. 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 Roomy kitchen is directly off the living and ding room making great conversations while cooking, you can look out towards the ocean from here as well. 29 SW Coast St, Newport, OR 97365 Bathroom on upper Floor. upstairs bathroom Applegate bedroom on the upper floor, private feel with filtered sunlight thru the shore pines. Private Applegate Fenced yard with deck and hot tub, a great place to sit on a foggy coastal day. 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 This angle shows that there is parking behind the homes, one spot per home in addition to the street parking. 29 SW Coast St, Newport, OR 97365 Bennington Entry, slate floors, nice Front steps. 29 SW Coast St, Newport, OR 97365 Bedroom on the lower floor to the right of the entry, charming bay windows look to the west. Lower Floor bedroom Bedroom located on the lower floor, roomy enough for three beds. Rear lower floor bedroom with door leading out to the private fenced back yard with hot tub. Lower level rear/east bedroom, filtered light and a private cozy feel. 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 Fireplace and beautiful arches frame ocean view. The Bennington was built in 2002 and it's the largest of the three homes. Warm gas fireplace in the living room. Bennington Kitchen 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 Upstairs bedroom 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365 29 SW Coast St, Newport, OR 97365

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
Contract Information
Current Price: $1,900,000
List Price: $1,900,000
Begin Date: 2021-08-18
Listing Type: Exclusive Right To Sell
Bank/Lender Owned?: No
Short Sale: No
3rd Party Approval: No
General Property Description
Major Area: Newport/South Beach
Minor Area: Nye Beach District
Frontage: None
Primary View: Ocean
Frontage/View Remarks: Nye Beach Ocean views and views out towards the Yaquina lighthouse from Wakefield.
Secondary View: Ocean
Total Bedrooms: 12
Total Bathrooms: 6
Levels: Two
Total SqFt.: 4911
Year Built: 1999
Year Built Remarks: A 1997, B, 99, C 02
Lot Dimensions: 112 x 83.33
# of Acres: 0.22
Style: Victorian
Basement: No
Garage Type: None
Association: No
CC&Rs: No
Location, Tax and Other Information
House Number: 29
Street Direction Pfx: SW
Street Name: Coast
Street Sfx: St
County: Lincoln
State/Province: OR
Postal Code: 97365
Property Tax ID #: R225209
Parcel Nbr: R225209
Tax Map Number: 111108BB
Tax Lot: 22200
Taxes$: 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
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 Change Info
Status: Active
Miscellaneous
Sq Ft Per: County Assessor
Internal Features
Water Heater: Electric
Washer/Dryer: Electric
Range/Oven: Electric
Furnished: Yes
Property Features
Roof: Composition
Siding: Cedar; Shingle
Foundation: Concrete Perimeter
Deck/Patio: Deck
Outbuildings: None
Street Surface: Paved
Lot Type: Dimensions Above
Internal Features: Dishwasher; Microwave; Refrigerator; Window Coverings
Ceiling: Flat; Vaulted
Flooring: Carpet; Vinyl
Heating/Cooling: Gas Forced Air
Alternate Heat: Gas FP Insert
Electric: On Property
Gas: On Property
Sellers Terms: 1031; Cash; Conventional
Possession: Negotiable
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
Kitchen
Living Room
Bedroom 1
Bathroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Bathroom 2

Listing Office: Advantage Real Estate

Last Updated: October - 08 - 2021

29 SW Coast St, Newport, OR 97365 - MLS# 21-2057

Information deemed reliable but not guaranteed.

Monday 25th of October 2021 01:07 PM