Active

Price cut: $300K (6/15)

$2,200,000

1025 NW Grove St, Newport, OR 97365

0beds

0baths

16,660sqft

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Single Family Residence

Built in 2011

0.41 Acres Lot

$-- Zestimate^®

$132/sqft

$-- HOA

What's special

Metal siding

Three parcels includes a partially finished recreational building constructed with quality materials, featuring metal siding, an installed (but not yet connected) HVAC system, a nearly complete fire sprinkler system, and on-site utilities including water, sewer, and gas. Located close to Highway 101, this property offers flexibility and excellent visibility in a great location. It's ideal for investors, developers, or owner-users with vision. Endless options await, whether you're exploring residential development, adaptive reuse, or creative mixed-use possibilities. The property is sold as-is, with buyer to verify zoning, permitted uses, and tax details. Bring your ideas!

187 days

186

5

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 0
Bathrooms: 0

Heating

Central, Natural Gas

Cooling

Central Air, Gas

Appliances

Included: None

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 16,660
Total interior livable area: 16,660 sqft
Finished area above ground: 16,660
Finished area below ground: 0

Property

Features

Levels: Two
Stories: 2

Lot

Size: 0.41 Acres

Details

Additional structures: None
Additional parcels included: R378636, R376219, R371472, R383214, R380867
Parcel number: R385588
Zoning description: R-4 Residential
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence

Materials

Aluminum Siding
Foundation: Slab
Roof: Metal,Membrane

Condition

New construction: No
Year built: 2011

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Water Available

Community & HOA

Community

Features: Curbs
Subdivision: Ocean View

HOA

Has HOA: No

Location

Region: Newport

Financial & listing details

Price per square foot: $132/sqft
Tax assessed value: $863,570
Date on market: 1/6/2026
Listing terms: 1031 Exchange,Cash,Conventional
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$2,921/mo

Price history

Date	Event	Price
6/15/2026	Price change	$2,200,000-12%$132/sqft
Source: OCMLS #26-21 Report a problem
3/1/2026	Price change	$2,500,000-10.7%$150/sqft
Source: OCMLS #26-21 Report a problem
1/6/2026	Listed for sale	$2,799,999+3400%$168/sqft
Source: OCMLS #26-21 Report a problem
7/31/2000	Sold	$80,000$5/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	--	--
2023	$7,791	$442,560
2022	--	--
2021	--	--
2020	--	--
2019	--	--
2018	--	--
2017	--	--
2016	--	--
2015	--	--
2011	$908 +2.6%	$52,440
2010	$885 +3.1%	$52,440 +6.1%
2009	$858 +1.7%	$49,440
2008	$843 +3.5%	$49,440 +6.1%
2007	$815	$46,610

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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