Oceanfront turn-key, fully furnished vacation rental with 2 bedrooms and 3 baths. Remarkable location in the heart of Nye Beach, close to restaurants, shops, dining, preforming arts center and the beach. This Condo has an elevator and once on the third floor you get the best views and on grade entrance to main level living. Wonderful floorplan w/separate lockable one bedroom, one bath suite, if desired. Spotless and beautifully furnished and updated with luxury vinyl plank flooring, granite counter tops and a covered patio to enjoy watching the surf. Currently managed by Sweet homes, this vacation rental makes over 40K per year. C-2 Zoning Allows new owner to assume rentals and apply for an immediate new license. Looking for a 1031 Exchange property before the end of 2023, this is it! Elevator, Laundry onsite, Gated Entrance.
Closed
$690,000
507 NW Alpine St APT 303, Newport, OR 97365
2beds
3baths
1,173sqft
Condominium
Built in 1984
-- sqft lot
$645,400 Zestimate®
$588/sqft
$2,252 Estimated rent
Home value
$645,400
$607,000 - $691,000
$2,252/mo
Zestimate® history
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$4,742/mo
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Zillow last checked:
Listing updated:
Listed by:
Audra Powell (541)265-2200,
Advantage Real Estate
Bought with:
Sherry Meek, 201247329
Martek Real Estate
Source: OCMLS,MLS#: LC-100037
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
Heating
- Has Heating (Unspecified Type)
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Water Heater
Features
- Vaulted Ceiling(s)
- Flooring: Carpet, Other
- Windows: Window Treatments
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Electric
- Furnished: Yes
Interior area
- Total structure area: 1,173
- Total interior livable area: 1,173 sqft
Property
Features
- Levels: Two
- Stories: 2
Details
- Additional structures: None
- Parcel number: 111105CC9501900
- Zoning description: C-2 General Commercial
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Condominium
Materials
- Concrete, Other, T1-11 Type
- Foundation: Concrete Perimeter, Other, Slab
- Roof: Composition
Condition
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Not Available, Water Available
Community & neighborhood
Location
- Region: Newport
- Subdivision: Nye Sands Condo
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $568 monthly
- Services included: Insurance, Maintenance Grounds, Sewer, Trash, Water, Property Taxes for Common Areas, Other
- Association phone: 541-867-7111
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/21/2024 | Sold | $690,000-1.1%$588/sqft |
Source:  OCMLS #LC-100037 Report a problem | ||
| 1/2/2024 | Pending sale | $698,000$595/sqft |
Source: OCMLS #23-2233 Report a problem | ||
| 12/10/2023 | Listed for sale | $698,000+136.6%$595/sqft |
Source: OCMLS #23-2233 Report a problem | ||
| 7/28/2017 | Sold | $295,000$251/sqft |
Source: OCMLS #LC-80835 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,544 +2.4% | $259,620 +3% |
| 2023 | $4,437 +3.2% | $252,060 +3% |
| 2022 | $4,300 -1.3% | $244,720 +3% |
| 2021 | $4,357 +5.6% | $237,600 +3% |
| 2020 | $4,126 | $230,680 +3% |
| 2019 | -- | $223,970 +3% |
| 2018 | $3,946 | $217,450 +3% |
| 2017 | $3,946 +3.1% | $211,120 +3% |
| 2016 | $3,828 | $204,980 +3% |
| 2015 | $3,828 +10.3% | $199,010 +3% |
| 2014 | $3,469 | $193,220 +3% |
| 2013 | $3,469 +9.9% | $187,600 +3% |
| 2012 | $3,158 +3.2% | $182,140 +3% |
| 2011 | $3,061 +2.6% | $176,840 |
| 2010 | $2,983 +3.1% | $176,840 +6.1% |
| 2009 | $2,892 +1.7% | $166,690 |
| 2008 | $2,844 +3.5% | $166,690 +6.1% |
| 2007 | $2,748 | $157,130 |
Find assessor info on the county website
Neighborhood: 97365
Nearby schools
GreatSchools rating
- 5/10Sam Case ElementaryGrades: 3-5Distance: 0.9 mi
- 3/10Newport Middle SchoolGrades: 6-8Distance: 1 mi
- 6/10Newport High SchoolGrades: 9-12Distance: 0.8 mi
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- 507 NW Alpine St Apartment 303
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