$3,300,000

1005 SE Bay Blvd Newport, OR 97365

Bayfront Neighborhood

Estimated payment $18,569/month

Total Views 7,871
1.72 Acres
$1,918,605 Price per Acre
74,923 Sq Ft Lot

About This Lot

Calling all builders and developers! This prime 1.72-acre property, zoned R2, entitled and developed into 11 duplex lots or 22 townhomes, delivered shovel ready at closing. Located across from the Embarcadero Resort and Marina, it features breathtaking Bay Bridge & Ocean Views. With water, sewer, and power at the street; this premium development opportunity is ready for your summer build. Enjoy popular attractions like Oregon Coast Aquarium, Hatfield Marine Science Center, lighthouses, golf courses, and the central Oregon coast in this Newport's Bayfront District. Prime location justifies a condo or timeshare development too. Invest now!

Listing Agent

Mark Shadrin

Berkshire Hathaway HSRE Professional Services - Salem License #201215479 Listed on: 01/02/2025

Berkshire Hathaway HSRE Professional Services - Salem

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,132

Lot Details

  • 1.72 Acre Lot
  • Sloped Lot
  • Property is zoned R-2 Residential

Community Details

  • No Home Owners Association
  • Walker Heights Subdivision

Listing and Financial Details

  • Tax Lot 400
  • Assessor Parcel Number 111109CB-400-00

Property Details

Property Type

Land

Est. Annual Taxes

$4,132

Lot Details

0

Listing Details

  • Property Sub Type: Land - Residential
  • Prop. Type: Land-Residential
  • Road Frontage Type: None
  • Lot Size Acres: 1.72
  • Lot Size: Irregular
  • Lot Size Sq Ft: 74923.2
  • Road Surface Type: Paved
  • Subdivision Name: Walker Heights
  • Directions: Hwy 101, E on Hwy 20, S SE Moore Dr, E Bay Blvd
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Land Sub-Type: Land
  • General Property Description:Frontage: None
  • General Property Description:Primary View: None
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 1.72
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 400
  • Miscellaneous Survey: Recorded
  • Miscellaneous:Manufactured Allowed: No
  • Topography:Sloped: Yes
  • Water:City2: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • General Property Description:Lot Dimensions: Irregular
  • General Property Description Senior Community YN: No
  • Special Features: None

Exterior Features

  • View: None

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 111109CB-400-00
  • Zoning: R-2 Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4132.28
  • Tax Year: 2023

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,232 $234,530 $234,530 --
2023 $4,132 $227,700 $0 $0
2022 $4,005 $221,070 $0 $0
2021 $3,851 $210,010 $0 $0
2020 $3,958 $214,640 $0 $0
2019 $3,788 $208,390 $0 $0
2018 $3,761 $207,250 $0 $0
2017 $3,725 $201,100 $0 $0
2016 $3,756 $201,100 $0 $0
2015 $3,586 $201,100 $0 $0
2014 $3,611 $201,100 $0 $0
2013 -- $201,100 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2025 01/02/25 For Sale $3,300,000 +2100.0% --
10/16/2024 10/16/24 For Sale $150,000 -50.0% --
10/16/2024 10/16/24 For Sale $300,000 -80.0% --
09/19/2024 09/19/24 For Sale $1,500,000 -- --
Source: Lincoln County Board of REALTORS® MLS (OR)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $700,000 First American Title
Bargain Sale Deed $200,000 None Available
Sheriffs Deed $224,765 None Available
Warranty Deed $420,000 None Available
Trustee Deed $465,938 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $461,444 New Conventional
Previous Owner $175,000 Balloon
Previous Owner $30,000 Unknown
Previous Owner $50,000 Unknown
Previous Owner $51,000 Stand Alone Second
Closed $400,000 No Value Available
Source: Public Records

Source: Lincoln County Board of REALTORS® MLS (OR)

MLS Number: 25-9

APN: R132556

Oregon Lincoln County Newport 97365 Bayfront

1005 SE Bay Blvd, Newport, OR

This home is located at 1005 SE Bay Blvd, Newport, OR 97365 and is currently priced at $3,300,000. 1005 SE Bay Blvd is a home located in Lincoln County with nearby schools including Yaquina View Elementary School, Sam Case Elementary School, and Newport High School.

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Mark Shadrin
Listing Agent
Mark Shadrin
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Berkshire Hathaway HSRE Professional Services - Salem
(458) 451-5667