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Newport Land Development Opportunity
For Sale
$3,300,000

1005 SE Bay Blvd, Newport, OR 97365

Land, Newport, OR

Property SizeContact for details
Lot Size1.72 Acres
Days on Market594

Property Features for 1005 SE Bay Blvd

General Information

Property type Land
Property subtype Single Family Residence
Zoning R2
Subdivision Walker Heights
View Ocean
Elementary school Yaquina View
Middle school Waldport
High school Newport
Directions Hwy 101, E on Hwy 20, S SE Moore Dr, E Bay Blvd
Standard status Active
APN R132556
Lot size 1.72 Acres

Taxes and HOA fees

Tax Description PROPERTY ID R132556 TWNSHP 11, RNG 11, ACRES 1.72, DOC202209165
Tax Annual Amount 4322
Legal Description PROPERTY ID R132556 TWNSHP 11, RNG 11, ACRES 1.72, DOC202209165

Utilities

Water front 1
Listing Agency: Berkshire Hathaway HomeServices Real Estate Professionals
Listed By: Mark Shadrin · License #201215479
Added: Jan 3, 2025 Changed: Aug 19 Last Checked: Aug 20 at 9:06PM
MLS# 24575122

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.

Investment Insights

Based on property information with market context.

This 1.72-acre property is zoned R2 and is entitled and developed into 11 duplex lots or 22 townhomes. 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. This property is located in Newport, Oregon.

Key Highlights

  • 1.72‑acre property zoned R2, entitled for 11 duplex lots or 22 townhomes.
  • Shovel‑ready at closing, facilitating immediate construction.
  • Breathtaking Bay Bridge & Ocean Views.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Plumbing Service Barber Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

264
Businesses Nearby

Demographics for 97365, OR

10,806
Population
6,026
Households
1.8
Avg Household Size
47
Median Age
31%
College-Educated
91%
High-School Grad
41.5 sq mi
ZIP Area
260
Density / Sq Mi
$60,736
Median Household Income
$30,963
Median Earnings
$1,155
Median Rent
$418,500
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - 1.72-acre R2 zoned land for development in Newport, Oregon.
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: 1.72‑acre property zoned R2, entitled for 11 duplex lots or 22 townhomes.; Shovel‑ready at closing, facilitating immediate construction.; Breathtaking Bay Bridge & Ocean Views.
More about this property
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