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$649,000
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Property Description
Endless possibilities await with this versatile property just moments from Newport's beloved Nye Beach. Whether you're searching for a full-time residence, multigenerational living arrangement, or an opportunity to offset expenses with separate living quarters, this unique home offers flexibility to fit a variety of lifestyles. The property features two distinct living spaces with interior access between the two. The main unit offers 2 bedrooms, 1 bathroom, and its own laundry area, while the second unit includes 1 bedroom and 1 bathroom, creating the perfect setup for extended family, guests, or additional living space. The upper unit boasts a spacious deck where you can relax and enjoy coastal sunsets and refreshing sea breezes. Situated on a large corner lot, the home offers a generous yard with plenty of room for gardening, outdoor entertaining, or simply enjoying the coastal surroundings. A spacious two-car garage provides ample storage and parking. Recent updates include fresh interior paint and new flooring, giving the home a clean, refreshed feel and making it move-in ready. Conveniently located near beach access, schools, shopping, dining, and all the charm that Nye Beach has to offer, this is a rare opportunity to enjoy flexible coastal living in one of Newport's most sought-after locations. Whether you're looking to live together while maintaining privacy, accommodate extended family, or simply enjoy extra space, this property is one you won't want to miss. Buyer to perform due diligence regarding possible future uses for the property.
Full Property Details
Full Property Details for 561 W Olive St
General
- Price: $649,000
- Taxes: $5,214 (2025)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 843292
- Updated: 9/5/2026
- Added to Site: 96 day(s) ago
Interior
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Garage Description: Attached
Location
- County: OUTSIDE 4 COUNTY AREA
- Subdivision: NEWPORT
Heating & Cooling
- Heating/Cooling: Wall Furnace
- Water Heater: Electric
Utilities
- Sewer: Yes
- Water: City
Structural Information
- Roof: Composition
- Square Feet: 1,741
- Year Built: 2007
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,920
- Lot Description: 25700
Financial Considerations
- Price Per Sq. Ft.: $372.77
- Assessment Year: 2007
- Tax Amount: $5,214
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 25700
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Schools
Schools serving 561 W Olive St
School District:Lincoln County School District
| Name | Grades | Distance |
|---|---|---|
Sam Case Elementary School 351 Southeast Harney Street, Newport, OR 97365 | K-2 | 0.9 mi |
Sam Case Elementary 459 Northeast 12th Street, Newport, OR 97365 | 3-5 | 0.9 mi |
Newport Middle School 825 Northeast 7th Street, Newport, OR 97365 | 6-8 | 1 mi |
Newport High School, Newport, OR 322 Northeast Eads Street, Newport, OR 97365 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 561 W Olive St
Date
Details
Price
Change
Source
8/17/2026
Price Reduced
$649,000
-5.26%
MLS
7/10/2026
Listed
$685,000
565.05%
MLS
3/15/2004
Sold
$103,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 561 W Olive St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,214
2%
$291,410
3%
2024
$5,105
2%
$282,930
3%
2023
$4,985
5%
$274,690
6%
2021
$4,748
-2%
$258,930
-3%
2022
$4,831
2%
$266,690
6%
2021
$4,748
7%
$251,390
3%
2019
$4,437
3%
$244,070
3%
2018
$4,300
1%
$236,970
3%
2017
$4,262
2%
$230,070
3%
2016
$4,172
8%
$223,370
3%
2015
$3,868
2%
$216,870
3%
2014
$3,781
5%
$210,560
3%
2013
$3,585
—
$204,430
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 561 W Olive St
561 W Olive St, Newport, OR 97365 (MLS# 843292) is a Single Family property with 3 bedrooms and 2 full bathrooms. 561 W Olive St is currently listed for $649,000 and was received on July 10, 2026. Want to learn more about 561 W Olive St? Do you have questions about finding other Single Family real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

