Experience the charm of coastal living from this delightful cottage nestled in the heart of Newport's highly sought-after Nye Beach neighborhood. Just blocks from the sandy shoreline, local restaurants, galleries, boutiques, and coffee shops, this light-filled home offers an inviting blend of comfort, character, and convenience. Designed to maximize both space and functionality, the open-concept interior features vaulted ceilings, abundant skylights, and graceful arched windows that fill the home with natural light. Warm wood flooring flows throughout the living space, while the well-appointed kitchen offers abundant cabinetry, a spacious pantry, generous counter space, and built-in bar seating—creating a home that lives far larger than its footprint. The versatile studio floor plan is enhanced by a built-in Murphy bed, allowing the living area to seamlessly transition between daytime living and comfortable sleeping accommodations. Whether you're searching for a full-time residence, weekend beach retreat, or investment opportunity, this home offers exceptional flexibility, with potential to expand the existing footprint or further customize the property to suit your needs. Outside, enjoy your morning coffee from the covered front porch or retreat to the fully fenced backyard, where a mature laurel hedge provides exceptional privacy. The insulated 10' x 20' she shed, complete with electricity, offers outstanding versatility as an art studio, workshop, home office, hobby space, fitness room, or creative retreat. Buyers may also wish to explore the potential for conversion into an accessory dwelling unit (ADU), subject to City of Newport approval and buyer due diligence. Additional amenities include a single-car garage with bonus storage space and an unbeatable location placing Newport's vibrant Nye Beach district, local dining, galleries, and the Pacific shoreline just moments from your front door. Whether you're searching for a peaceful coastal retreat, a low-maintenance primary residence, or a charming beach escape, this inviting cottage presents an exceptional opportunity to own a piece of one of the Oregon Coast's most beloved neighborhoods.
Accepting backup offers
Price cut: $15K (8/18)
$320,000
736 NW Lee St, Newport, OR 97365
0beds
588sqft
Single Family Residence
Built in 2005
5,227 Square Feet Lot
$314,800 Zestimate®
$544/sqft
$-- HOA
What's special
Fully fenced backyardVersatile studio floor planGenerous counter spaceLight-filled homeBuilt-in murphy bedVaulted ceilingsWarm wood flooring
- 49 days
- 1,931
- 83
Zillow last checked:
Listing updated:
Listed by:
Casey O'Callaghan 541-961-2653,
Premiere Property Group, LLC (Newport)
Source: OCMLS,MLS#: 26-1911
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Water Heater
Features
- Breakfast Bar, No Interior Steps, Open Floorplan, Pantry, Vaulted Ceiling(s), Ceiling Fan(s)
- Flooring: Other
- Windows: Blinds
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 588
- Total interior livable area: 588 sqft
- Finished area above ground: 588
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Attached Garage, Driveway
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered Porch
- Fencing: Wood
Lot
- Size: 5,227 Square Feet
Details
- Additional structures: Shed(s)
- Parcel number: 111105CD300200
- Zoning description: R-4 Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- HardiPlank Type
- Foundation: Combination
- Roof: Composition
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Price per square foot: $544/sqft
- Tax assessed value: $340,290
- Annual tax amount: $3,370
- Date on market: 8/1/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$314,800
$299,000 - $331,000
$1,504/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Contingent | $320,000$544/sqft |
Source: | ||
| 8/18/2026 | Price change | $320,000-4.5%$544/sqft |
Source: | ||
| 8/1/2026 | Listed for sale | $335,000$570/sqft |
Source: | ||
| 7/23/2026 | Contingent | $335,000$570/sqft |
Source: | ||
| 7/10/2026 | Listed for sale | $335,000+110.7%$570/sqft |
Source: | ||
| 2/28/2013 | Listing removed | $159,000$270/sqft |
Source: Emerald Coast Realty #12-1545 Report a problem | ||
| 12/12/2012 | Price change | $159,000-1.9%$270/sqft |
Source: Emerald Coast Realty #12-1545 Report a problem | ||
| 10/6/2012 | Price change | $162,000-18.6%$276/sqft |
Source: Emerald Coast Realty #12-1545 Report a problem | ||
| 6/13/2012 | Listed for sale | $199,000-6.6%$338/sqft |
Source: Emerald Coast Realty #12-1545 Report a problem | ||
| 10/23/2006 | Sold | $213,000+317.6%$362/sqft |
Source: | ||
| 9/29/2004 | Sold | $51,000$87/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,269 +2.1% | $188,360 +3% |
| 2024 | $3,201 +2.4% | $182,880 +3% |
| 2023 | $3,126 +3.2% | $177,560 +3% |
| 2022 | $3,029 -1.3% | $172,390 +3% |
| 2021 | $3,069 +5.6% | $167,370 +3% |
| 2020 | $2,906 | $162,500 +3% |
| 2019 | -- | $157,770 +3% |
| 2018 | $2,780 | $153,180 +3% |
| 2017 | $2,780 +3.1% | $148,720 +3% |
| 2016 | $2,697 | $144,390 +3% |
| 2015 | $2,697 +10.3% | $140,190 +3% |
| 2014 | $2,444 | $136,110 +3% |
| 2013 | $2,444 +9.9% | $132,150 +3% |
| 2012 | $2,225 +3.2% | $128,310 +3% |
| 2011 | $2,157 +2.6% | $124,580 |
| 2010 | $2,102 +3.1% | $124,580 +6.1% |
| 2009 | $2,038 +1.7% | $117,440 |
| 2008 | $2,004 +3.5% | $117,440 +6.1% |
| 2007 | $1,936 | $110,700 |
Find assessor info on the county website
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