1. Oregon
  2. Newport
  3. 220 Nw 68TH St
$1,049,000

220 Nw 68TH St, Newport, OR 97365

  • 3 beds |
  • 2 baths |
  • 2,224 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1967
  • Property Lot Size Icon0.97acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $472/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

This property has a spectacular setting for your dream beach house or higher-density housing project. The existing home is perched on a low bluff with terrific views of the Yaquina Head Lighthouse. There is a private access path leading to the beach and the property is protected from the ocean surf by a recently improved seawall. The original home was constructed in 1967 and expanded in 1985. Slide activity on adjacent land and undeveloped portions of the property damaged a few outbuildings in recent years. In May 2022, the owners engaged a geologist to study surface soil conditions and monitor land movement. The geologist report published in September 2024 indicates no discernible land movement was detected during the study period. The report also includes recommendations for future site development work.An A-frame adjacent to the main house has obvious structural issues. The geologist report indicates the issues were likely caused by improper fill before the structure was constructed. The owners have closed this building to occupancy due to safety concerns. The main house is habitable and has been rented for the past few years. However, the house needs repair and may be near the end of its useful life. The owners intend to sell the property as is and not be involved in any repairs.The optimal use of this property may be for higher-density housing. The City of Newport zoning ordinances currently allow for single family, duplex, townhouse or cottage cluster projects on R-2 zoned properties.

Listing Status:
Active
Date Added:
May 5, 2025 at 05:00AM
Listing Office:
Cascade Hasson Sotheby's International Realty : 541-241-3405
Listing Agent:
John Winter : 503-799-1907
MLS ID:
320817662
  • General: Wallto wall carpetWasher dryer
  • Appliances: Builtin rangeDishwasherFree standing refrigerator
  • Basement: None
  • Heating: Baseboard
  • Fireplace: Wood burningFireplaceFireplaces: 1

This listing courtesy of John Winter, Cascade Hasson Sotheby's International Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

Y

Yaquina View Elementary School

351 SE Harney St, Newport, OR, 97365

Grades KG-2

3.95 miles away

N

Newport Middle School

825 NE 7th St, Newport, OR, 97365

Grades 6-8

3.45 miles away

N

Newport High School

322 NE Eads St, Newport, OR, 97365

Grades 9-12

3.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.