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    1005 SE Bay Blvd Newport, OR 97365

    Sponsored
    For Sale
    $3,300,000

    LAND - Newport, OR

    Type:Single Family Residence
    Lot size:
    1.72 Acres
    Days on Market:
    73
    Last Refresh:
    Jan 7 at 12:06 am

    Property Features for 1005 SE Bay Blvd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    R2
    APN
    R132556
    Lot size
    1.72 Acres

    Utilities

    Water front
    1

    Berkshire Hathaway HomeServices Real Estate Professionals (800) 589-3161 [email protected]

    Listing agent Mark Shadrin (503) 371-3013

    Listing date Oct 27, 2025

    MLS# 24575122 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newport Land Development Opportunity

    This is a 1.72-acre property zoned R2. It is entitled and developed into 11 duplex lots or 22 townhomes, delivered shovel ready at closing. The property is located across from the Embarcadero Resort and Marina and features Bay Bridge and Ocean views. Utilities will be stubbed to each lot at closing. The property is located in Newport, Oregon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.038177
    Latitude
    44.630615

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    FAQs

    What type of property is this?
    Residential land & home lot - 1.72-acre R2 zoned land, shovel ready for development.
    Where is this residential land & home lot located?
    The property is located at 1005 SE Bay Blvd Newport, OR.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: - Shovel-ready: Delivered shovel ready at closing, accelerating the building process.; - Development potential: Zoned R2, entitled and developed into 11 duplex lots or 22 townhomes.; - Prime location: Across from the Embarcadero Resort and Marina.
    (503) 371-3013
    Request Owner's contact information
    1005 SE Bay Blvd Newport, OR 97365
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    Newport, OR 97365
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1005 SE Bay Blvd Newport, OR 97365
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