540 NW 56th St Newport, OR 97365
Agate Beach NeighborhoodEstimated payment $3,632/month
Total Views
6,463
3
Beds
3
Baths
1,716
Sq Ft
$349
Price per Sq Ft
Highlights
- Traditional Architecture
- No HOA
- Cooling Available
- Wood Flooring
- 1 Car Attached Garage
- Heating Available
About This Home
Charming Coastal Retreat with Rental Potential. Welcome to your dream coastal escape! This versatile 3-bedroom, 3-bathroom home is designed for flexibility—whether you're looking for a full-time rental opportunity, a beach getaway, or a combination of both. With two separate living spaces, each featuring its own private entrance and dedicated washer & dryer, this property is perfect for those seeking income potential and coastal convenience. Inside, you'll find rich hardwood floors in the living room, complemented by abundant natural light that enhances the home's warmth. The fully fenced-in yard offers safety for your furry friends, and space for outdoor enjoyment-whether you're sipping your morning coffee or hosting a summer BBQ. A concrete pad in the courtyard is ready for a hot tub! ocation is everything, and this home delivers-just a short stroll to beach access, making it easy to enjoy ocean breezes, sandy toes, and unforgettable sunsets.
The possibilities are endless-don't miss out on this rare investment-meets-lifestyle opportunity! Zoned R-2, you have the ability to add a full kitchen to the above garage studio, and make sure to check with the city about Short Term Rental options for owner-occupied properties! Schedule a tour today and see how this property can work for you.
Listing Agent
Martek Real Estate Brokerage Phone: 541-265-8785 License #201215737 Listed on: 06/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,803
Year Built
- Built in 1955
Lot Details
- 7,841 Sq Ft Lot
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Roof
- Cedar Siding
Interior Spaces
- 1,716 Sq Ft Home
- 2-Story Property
- Window Treatments
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Parking
- 1 Car Attached Garage
- 3 Open Parking Spaces
Utilities
- Cooling Available
- Heating Available
- Water Heater
Community Details
- No Home Owners Association
- 2 Units
- Agate Beach Subdivision
Listing and Financial Details
- Tax Lot 600
- Assessor Parcel Number 101130AA-600-00
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 | $3,894 | $215,820 | -- | -- |
| 2023 | $3,803 | $209,540 | $0 | $0 |
| 2022 | $3,686 | $203,440 | $0 | $0 |
| 2021 | $3,622 | $197,520 | $0 | $0 |
| 2020 | $3,536 | $191,770 | $0 | $0 |
| 2019 | $3,385 | $186,190 | $0 | $0 |
| 2018 | $3,281 | $180,770 | $0 | $0 |
| 2017 | $3,251 | $175,510 | $0 | $0 |
| 2016 | $3,182 | $170,400 | $0 | $0 |
| 2015 | $2,951 | $165,440 | $0 | $0 |
| 2014 | $2,884 | $160,630 | $0 | $0 |
| 2013 | -- | $155,960 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Price Changed | $599,000 | -4.8% | $349 / Sq Ft |
| 06/18/2025 06/18/25 | Price Changed | $629,000 | 0.0% | $367 / Sq Ft |
| 06/18/2025 06/18/25 | For Sale | $629,000 | -3.2% | $367 / Sq Ft |
| 06/02/2025 06/02/25 | Off Market | $650,000 | -- | -- |
| 03/07/2025 03/07/25 | For Sale | $650,000 | +83.1% | $379 / Sq Ft |
| 06/18/2021 06/18/21 | Sold | $355,000 | +1.5% | $207 / Sq Ft |
| 06/03/2021 06/03/21 | Pending | -- | -- | -- |
| 05/29/2021 05/29/21 | For Sale | $349,900 | +136.4% | $204 / Sq Ft |
| 09/20/2016 09/20/16 | Sold | $148,000 | -27.5% | $87 / Sq Ft |
| 08/04/2016 08/04/16 | Pending | -- | -- | -- |
| 03/10/2016 03/10/16 | For Sale | $204,000 | -- | $120 / Sq Ft |
Source: Lincoln County Board of REALTORS® MLS (OR)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $355,000 | Ticor Title Company Of Or | |
| Interfamily Deed Transfer | -- | None Available | |
| Bargain Sale Deed | -- | First American Title | |
| Bargain Sale Deed | -- | None Available | |
| Bargain Sale Deed | -- | None Available | |
| Special Warranty Deed | $148,000 | Western Title | |
| Sheriffs Deed | $209,950 | Wte | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $234,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $177,000 | New Conventional | |
| Previous Owner | $165,000 | Purchase Money Mortgage | |
| Previous Owner | $152,000 | Balloon | |
| Previous Owner | $46,800 | Stand Alone Second | |
| Previous Owner | $187,200 | Fannie Mae Freddie Mac |
Source: Public Records
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Source: Lincoln County Board of REALTORS® MLS (OR)
MLS Number: 25-414
APN: R335545
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