Active

$725,000

589 W Olive St, Newport, OR 97365

3beds

1,564sqft

$5,211/mo

Get pre-qualified

Single Family Residence

Built in 1930

4,356 Square Feet Lot

$690,100 Zestimate^®

$464/sqft

$-- HOA

What's special

Ocean viewsComfortable layoutSold fully furnishedOff-street parkingFurnished coastal retreat

Welcome to the charm of Nye Beach! This inviting coastal home offers ocean views, a comfortable layout, and the opportunity to be sold fully furnished making it an ideal full-time residence, beach getaway, or investment property. The main level features a bedroom and full bathroom for convenient main-level living, while upstairs offers two additional bedrooms and a second bathroom. Enjoy the character and warmth of this adorable home, along with off-street parking and a sought-after location near the beach, local restaurants, shops, galleries, and everything Nye Beach has to offer. A wonderful opportunity to own a furnished coastal retreat in one of Newport's most beloved neighborhoods! Buyer to perform due diligence regarding permitted uses.

24 days
811
37

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Wall Furnace

Cooling

None

Appliances

Included: Dryer, Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator, Washer, Water Heater
Laundry: Main Level

Features

Flooring: Carpet, Hardwood, Vinyl
Has basement: No
Number of fireplaces: 1
Fireplace features: Gas
Furnished: Yes

Interior area

Total structure area: 1,564
Total interior livable area: 1,564 sqft
Finished area above ground: 1,564
Finished area below ground: 0

Property

Parking

Parking features: Driveway, Off Street, On Street

Features

Levels: Two
Stories: 2
Patio & porch: Front Porch, Rear Patio
Fencing: None
Has view: Yes
View description: Ocean
Has water view: Yes
Water view: Ocean

Lot

Size: 4,356 Square Feet
Features: City Lot

Details

Parcel number: 111108BB2340000
Zoning description: R-4 Residential
Special conditions: Standard

Construction

Type & style

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

Materials

Concrete
Foundation: Concrete Perimeter, Pillar/Post/Pier
Roof: Composition

Condition

New construction: No
Year built: 1930

Utilities & green energy

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

Community & HOA

Community

Features: Curbs, Street Lights, Sidewalks
Subdivision: Barlow Blocks

HOA

Has HOA: No

Location

Region: Newport

Financial & listing details

Price per square foot: $464/sqft
Tax assessed value: $566,020
Annual tax amount: $3,742
Date on market: 9/13/2026
Listing terms: 1031 Exchange,Cash,Conventional,VA Loan
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$690,100

$656,000 - $725,000

$2,543/mo

Price history

Date	Event	Price
9/13/2026	Listed for sale	$725,000+55.9%$464/sqft
Source: OCMLS #26-2496 Report a problem
6/14/2019	Sold	$465,000$297/sqft
Source: OCMLS #LC-87691 Report a problem
4/12/2019	Pending sale	$465,000$297/sqft
Source: Martek Real Estate #19-875 Report a problem
4/10/2019	Listed for sale	$465,000+106.7%$297/sqft
Source: Martek Real Estate #19-875 Report a problem
10/17/2009	Listing removed	$225,000$144/sqft
Source: Visual Tour #09-755 Report a problem
7/1/2009	Price change	$225,000-43.6%$144/sqft
Source: Visual Tour #09-755 Report a problem
3/18/2009	Listed for sale	$399,000-5%$255/sqft
Source: Visual Tour #09-755 Report a problem
8/3/2006	Sold	$420,000$269/sqft
Source: OCMLS #06-332 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,707 +2.1%	$213,600 +3%
2024	$3,630 +2.4%	$207,380 +3%
2023	$3,544 +3.2%	$201,340 +3%
2022	$3,435 -1.3%	$195,480 +3%
2021	$3,480 +5.6%	$189,790 +3%
2020	$3,296	$184,270 +3%
2019	--	$178,910 +3%
2018	$3,152	$173,700 +3%
2017	$3,152 +3.1%	$168,650 +3%
2016	$3,058	$163,740 +3%
2015	$3,058 +10.3%	$158,980 +3%
2014	$2,771	$154,350 +3%
2013	$2,771	$149,860