Endless possibilities await with this versatile property just moments from Newport's beloved Nye Beach. Whether you're searching for a full-time residence, multigenerational living arrangement, or an opportunity to offset expenses with separate living quarters, this unique home offers flexibility to fit a variety of lifestyles. The property features two distinct living spaces with interior access between the two. The main unit offers 2 bedrooms, 1 bathroom, and its own laundry area, while the second unit includes 1 bedroom and 1 bathroom, creating the perfect setup for extended family, guests, or additional living space. The upper unit boasts a spacious deck where you can relax and enjoy coastal sunsets and refreshing sea breezes. Situated on a large corner lot, the home offers a generous yard with plenty of room for gardening, outdoor entertaining, or simply enjoying the coastal surroundings. A spacious two-car garage provides ample storage and parking. Recent updates include fresh interior paint and new flooring, giving the home a clean, refreshed feel and making it move-in ready. Conveniently located near beach access, schools, shopping, dining, and all the charm that Nye Beach has to offer, this is a rare opportunity to enjoy flexible coastal living in one of Newport's most sought-after locations. Whether you're looking to live together while maintaining privacy, accommodate extended family, or simply enjoy extra space, this property is one you won't want to miss. Buyer to perform due diligence regarding possible future uses for the property.
For sale
Listed by: More Realty • STACEY CLENDENIN • Contact: Cell: 503-539-7816
Price cut: $36K (8/17)
$649,000
561 W Olive St, Newport, OR 97365
3beds
1,741sqft
Single Family Residence
Built in 2007
3,920 Square Feet Lot
$637,300 Zestimate®
$373/sqft
$-- HOA
What's special
Large corner lot
- 96 days
- 246
- 11
Zillow last checked:
Listing updated:
Listed by:
STACEY CLENDENIN Cell:503-539-7816,
More Realty
Source: WVMLS,MLS#: 843292
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Wall Furnace
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater
Features
- Flooring: Carpet, Laminate
- Has fireplace: No
Interior area
- Total structure area: 1,741
- Total interior livable area: 1,741 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
Lot
- Size: 3,920 Square Feet
Details
- Parcel number: 111108BB2570000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding, T111
- Roof: Composition
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: NEWPORT
Location
- Region: Newport
Financial & listing details
- Price per square foot: $373/sqft
- Tax assessed value: $662,120
- Annual tax amount: $5,214
- Price range: $649K - $649K
- Date on market: 7/10/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: VA Loan,Cash,FHA,Conventional
Estimated market value
$637,300
$605,000 - $669,000
$2,869/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Price change | $649,000-5.3%$373/sqft |
Source: | ||
| 6/16/2026 | Listed for sale | $685,000+130.3%$393/sqft |
Source: | ||
| 4/12/2012 | Listing removed | $297,500$171/sqft |
Source: Oregon Coast Properties, Inc. #11-2898 Report a problem | ||
| 11/30/2011 | Listed for sale | $297,500+188.8%$171/sqft |
Source: Oregon Coast Properties, Inc. #11-2898 Report a problem | ||
| 3/19/2004 | Sold | $103,000+32.1%$59/sqft |
Source: | ||
| 12/13/2002 | Sold | $78,000$45/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,058 +2.1% | $291,410 +3% |
| 2024 | $4,952 +2.4% | $282,930 +3% |
| 2023 | $4,835 +3.2% | $274,690 +3% |
| 2022 | $4,687 -1.3% | $266,690 +3% |
| 2021 | $4,748 +5.6% | $258,930 +3% |
| 2020 | $4,496 | $251,390 +3% |
| 2019 | -- | $244,070 +3% |
| 2018 | $4,300 | $236,970 +3% |
| 2017 | $4,300 +3.1% | $230,070 +3% |
| 2016 | $4,172 | $223,370 +3% |
| 2015 | $4,172 +10.3% | $216,870 +3% |
| 2014 | $3,781 | $210,560 +3% |
| 2013 | $3,781 +9.9% | $204,430 +3% |
| 2012 | $3,441 +3.2% | $198,480 +3% |
| 2011 | $3,336 +2.6% | $192,700 |
| 2010 | $3,251 +3.1% | $192,700 +6.1% |
| 2009 | $3,152 +25.2% | $181,650 +23.2% |
| 2008 | $2,517 +98% | $147,500 +102.9% |
| 2007 | $1,271 | $72,680 |
Find assessor info on the county website
Monthly payment
Est. payment





