Active

$499,000

551 SW 4th St, Newport, OR 97365

1beds

996sqft

$3,557/mo

Get pre-qualified

Single Family Residence

Built in 1935

0.44 Acres Lot

$457,800 Zestimate^®

$501/sqft

$-- HOA

What's special

Existing cottage

What an AMAZING opportunity for the right buyer! Whitewater OCEAN VIEWS overlooking the Jetty and the boats coming in and watching the waves crash against the beach. If you built a new home here, Lighthouse views are very possible. This property includes (4) 50' x 100' R4 and R3 zoned lots with Ocean views totaling .44 of an acre. Existing cottage can be finished if you are dreaming of that beach cottage that is in the Nye Beach area without the Nye Beach Architectural construction guidelines. All city services. You could build multiple 4-plexes, condos, townhomes or a brand-new custom home perched on top of your own Ocean vista. Very rare find in Newport right across the street from the beach access. Seller will owner carry with approx. 20% down payment and acceptable terms/conditions. Please do not drive-up driveway.

42 days
349
17

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Heating

None

Cooling

None

Appliances

Included: None

Features

Other
Flooring: Other
Has basement: No
Has fireplace: No

Interior area

Total structure area: 996
Total interior livable area: 996 sqft
Finished area above ground: 996
Finished area below ground: 0

Property

Features

Levels: Two
Stories: 2
Has view: Yes
View description: Other, Ocean
Has water view: Yes
Water view: Ocean

Lot

Size: 0.44 Acres
Dimensions: 200 x 100
Features: City Lot, Corner Lot

Details

Additional structures: None
Additional parcels included: Includes tax lot 3100,3400,3500,3600
Parcel number: 111108BC3100340035003600
Zoning description: R-4 Residential
Special conditions: Standard
Other equipment: None

Construction

Type & style

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

Materials

Other
Foundation: Pillar/Post/Pier
Roof: Composition

Condition

New construction: No
Year built: 1935

Utilities & green energy

Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Bayley and Case's

HOA

Has HOA: No

Location

Region: Newport

Financial & listing details

Price per square foot: $501/sqft
Tax assessed value: $324,840
Annual tax amount: $4,479
Date on market: 8/28/2026
Listing terms: Cash,Owner Will Carry
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

$457,800

$435,000 - $481,000

$1,805/mo

Price history

Date	Event	Price
8/28/2026	Listed for sale	$499,000+24.8%$501/sqft
Source: OCMLS #26-2360 Report a problem
1/1/2023	Listing removed	--
Source: OCMLS #22-1230 Report a problem
7/20/2022	Listed for sale	$400,000$402/sqft
Source: OCMLS #22-1230 Report a problem
7/2/2022	Pending sale	$400,000$402/sqft
Source: OCMLS #22-1230 Report a problem
6/16/2022	Listed for sale	$400,000+100%$402/sqft
Source: OCMLS #22-1230 Report a problem
8/31/2017	Sold	$200,000-20%$201/sqft
Source: RMLS (OR) #16647255 Report a problem
8/25/2017	Pending sale	$250,000$251/sqft
Source: Taylor & Taylor Realty Company #16-3055 Report a problem
7/21/2017	Price change	$250,000-9.1%$251/sqft
Source: Taylor & Taylor Realty Company #16-3055 Report a problem
5/1/2017	Listed for sale	$275,000-8%$276/sqft
Source: Taylor & Taylor Realty Company #16-3055 Report a problem
10/24/2016	Listed for sale	$299,000-6.3%$300/sqft
Source: Taylor & Taylor Realty Company #16-3055 Report a problem
8/2/2016	Listing removed	$319,000$320/sqft
Source: Mishey Real Estate #16-1515 Report a problem
5/18/2016	Listed for sale	$319,000-15.8%$320/sqft
Source: Mishey Real Estate #16-1515 Report a problem
1/1/2016	Listing removed	$379,000$381/sqft
Source: Ocean Equity Real Estate & Investments, LLC #15-2330 Report a problem
8/6/2015	Listed for sale	$379,000$381/sqft
Source: Ocean Equity Real Estate & Investments, LLC #15-2330 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,317 +2.1%	$133,500 +3%
2024	$2,269 +2.4%	$129,620 +3%
2023	$2,215 +11.5%	$125,850 +11.3%
2022	$1,987 +9%	$113,080 +13.7%
2021	$1,823 +10.5%	$99,440 +7.8%
2020	$1,650	$92,260 -9.8%
2019	--	$102,330 +9.3%
2018	$1,700	$93,660 -14.7%
2017	$1,700 -14.6%	$109,790 +3%
2016	$1,991	$106,600 +3%
2015	$1,991 +10.3%	$103,500 +3%
2014	$1,804	$100,490 +3%
2013	$1,804 +9.9%	$97,570 +3%
2012	$1,643 +3.1%	$94,730 +3%
2011	$1,592 +2.6%	$91,980
2010	$1,552 +3.1%	$91,980 +6.1%
2009	$1,504 +1.7%	$86,710
2008	$1,479 +3.5%	$86,710 +6.1%
2007	$1,429	$81,740