118 SW Brook St Newport, OR 97365
Nye Beach NeighborhoodEstimated payment $1,911/month
Total Views
529
3
Beds
1
Bath
995
Sq Ft
$327
Price per Sq Ft
Highlights
- Popular Property
- RV Access or Parking
- Wood Flooring
- Ocean View
- Vaulted Ceiling
- 2-minute walk to Literacy Park
About This Home
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.
Listing Agent
Realty One Group At The Beach, Newport License #201235872 Listed on: 05/27/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,230
Year Built
- Built in 1915
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 50' x 125'
- Property is zoned R-4 Residential
Home Design
- Cottage
- Pillar, Post or Pier Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 995 Sq Ft Home
- 2-Story Property
- Beamed Ceilings
- Vaulted Ceiling
- Window Treatments
- Living Room
- Ocean Views
- Natural lighting in basement
- Dishwasher
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Bathroom
Parking
- 1 Car Detached Garage
- RV Access or Parking
Outdoor Features
- Covered patio or porch
Utilities
- Electric Baseboard Heater
- Electricity To Lot Line
- Natural Gas Not Available
- Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 24900
- Assessor Parcel Number 111108BB-24900-00
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,230 | $123,560 | -- | -- |
| 2023 | $2,177 | $119,970 | $0 | $0 |
| 2022 | $2,110 | $116,480 | $0 | $0 |
| 2021 | $2,074 | $113,090 | $0 | $0 |
| 2020 | $2,025 | $109,800 | $0 | $0 |
| 2019 | $1,938 | $106,610 | $0 | $0 |
| 2018 | $1,878 | $103,510 | $0 | $0 |
| 2017 | $1,862 | $100,500 | $0 | $0 |
| 2016 | $1,822 | $97,580 | $0 | $0 |
| 2015 | $1,690 | $94,740 | $0 | $0 |
| 2014 | $1,652 | $91,990 | $0 | $0 |
| 2013 | -- | $89,320 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | For Sale | $325,000 | -- | $327 / Sq Ft |
Source: Lincoln County Board of REALTORS® MLS (OR)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $120,000 | Fidelity Natl Ttl Co Of Or | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
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