Closed

$690,000

507 NW Alpine St APT 303, Newport, OR 97365

2beds

3baths

1,173sqft

Condominium

Built in 1984

-- sqft lot

$659,700 Zestimate^®

$588/sqft

$2,248 Estimated rent

Home value

$659,700

$614,000 - $706,000

$2,248/mo

Zestimate^® history

Owner options

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$2,248/mo

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$2,248/mo

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$4,831/mo

Est. payment

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$4,831/mo

Est. payment

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What's special

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.

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
On waterfront: Yes

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 & HOA

Community

Subdivision: Nye Sands Condo

HOA

Has HOA: Yes
Services included: Insurance, Maintenance Grounds, Sewer, Trash, Water, Property Taxes for Common Areas, Other
HOA fee: $568 monthly
HOA phone: 541-867-7111

Location

Region: Newport

Financial & listing details

Price per square foot: $588/sqft
Tax assessed value: $666,540
Annual tax amount: $4,433
Date on market: 12/10/2023
Listing terms: 1031 Exchange,Cash,Conventional
Electric utility on property: Yes
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
2025	$4,641 +2.1%	$267,400 +3%
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