29 Sw Coast St, Newport, OR

$1,900,000

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12

Beds

6

Baths

4,911

Square feet

0.22

Acres

About 29 Sw Coast St

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.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.

Features of 29 Sw Coast St

MLS® # 21-2057
Price $1,900,000
Bedrooms 12
Bathrooms 6.00
Square Footage 4,911
Acres 0.22
Year Built 1999
Type Residential/Site Blt
Style Victorian
Status Active

Community Information

Address 29 Sw Coast St
Area Nye Beach District
Subdivision Barlow Blocks
City Newport
County Lincoln
State OR
Zip Code 97365

Amenities

Garages None
View Ocean
Is Waterfront No

Interior

Interior Carpet, Vinyl
Interior Features Dishwasher, Microwave, Refrigerator, Window Coverings
Has Basement No

Additional Information

Date Listed August 20th, 2021
Zoning R4
Short Sale No
RE / Bank Owned No

Listing Details

AgentAudra Powell
OfficeAdvantage Real Estate

Listing Map

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