Investor alert in prime Nye Beach location! Zoned R4, this 0.14-acre lot offers development potential—build a motel, lodge, clinic, office, or multi-unit housing. The current 3 bed, 1 bath home uses half the lot—develop the other half or expand upward to capture the ocean views. Enclose the unfinished basement for added living space or rebuild the detached garage for storage or ADU potential. Updated electric panel (approx. 3 years ago). Just blocks from shops, restaurants, and the beach. Ocean views from main level—stunning views possible from upper floors. Endless options in a high-demand coastal zone. This is a rare find with major upside in Newport's sought-after Nye Beach District! Buyer to confirm permitted uses, building or remodeling guidelines and restrictions, with the county.
Closed
$315,000
118 SW Brook St, Newport, OR 97365
3beds
1baths
995sqft
Single Family Residence
Built in 1915
6,098.4 Square Feet Lot
$314,900 Zestimate®
$317/sqft
$2,040 Estimated rent
Home value
$314,900
$283,000 - $350,000
$2,040/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 12, 2025 at 05:08pm
Listed by:
Samantha McClain 503-318-3020,
Realty One Group At The Beach, Newport,
Gina Rae Bebek 503-753-9071,
Realty One Group At The Beach, Newport
Bought with:
Gina Rae Bebek, 971000169
Realty One Group At The Beach, Newport
Samantha McClain, 201235872
Realty One Group At The Beach, Newport
Source: OCMLS,MLS#: LC-103890
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
Bonus room
- Description: Dirt Basement (enter from back of home in NW corner)
Heating
- Has Heating (Unspecified Type)
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Refrigerator, Water Heater
Features
- Beamed Ceilings, Vaulted Ceiling(s)
- Flooring: Carpet, Vinyl, Wood
- Windows: Window Treatments
- Has basement: Yes
Interior area
- Total structure area: 995
- Total interior livable area: 995 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached Garage, RV Access/Parking
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,098 sqft
- Dimensions: 50' x 125'
Details
- Additional structures: None
- Parcel number: 111108BB2490000
- Zoning description: R-4 Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Not Available, Water Available, Water Connected
Community & neighborhood
Location
- Region: Newport
Other
Other facts
- Listing terms: 1031 Exchange,Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2025 | Sold | $315,000-3.1%$317/sqft |
Source:  OCMLS #LC-103890 | ||
| 7/23/2025 | Pending sale | $325,000$327/sqft |
Source:  RMLS (OR) #604735773 | ||
| 7/21/2025 | Contingent | $325,000$327/sqft |
Source: OCMLS #25-1197 | ||
| 5/27/2025 | Listed for sale | $325,000+8.7%$327/sqft |
Source: OCMLS #25-1197 | ||
| 2/10/2024 | Listing removed | -- |
Source: OCMLS #23-2137 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,163 +2.4% | $123,560 +3% |
| 2023 | $2,112 +3.2% | $119,970 +3% |
| 2022 | $2,047 -1.3% | $116,480 +3% |
Find assessor info on the county website
Neighborhood: 97365
Nearby schools
GreatSchools rating
- NASam Case Elementary SchoolGrades: K-2Distance: 0.9 mi
- 2/10Newport Middle SchoolGrades: 6-8Distance: 1 mi
- 6/10Newport High SchoolGrades: 9-12Distance: 0.7 mi
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