1025 NW Grove St, Newport, OR, 97365
About This Home
A rare offering of 6 adjacent lots zoned residential but currently utilized for commercial purposes. One parcel includes a partially finished recreational building constructed with quality materials, featuring metal siding, an installed (but not yet connected) HVAC system, a nearly complete fire sprinkler system, and on-site utilities including water, sewer, and gas. Located close to Highway 101, this property offers flexibility and excellent visibility in a great location. It's ideal for investors, developers, or owner-users with vision. Endless options await, whether you're exploring residential development, adaptive reuse, or creative mixed-use possibilities. The property is sold as-is, with buyer to verify zoning, permitted uses, and tax details. Bring your ideas!
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2011
Materials
- Foundation: Slab
- Roof: Metal,Membrane
- Construction materials: Aluminum Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: None
Features
- Finished area below ground: 0
- Finished area above ground: 16,660
Heating & Cooling
- Heating features: Central,Natural Gas
- Cooling features: Central Air,Gas
Interior Area
- Total structure area: 16,660
- Total interior livable area: 16,660 sqft
Property
Details
- Parcel number: R385588
- Zoning description: R-4 Residential
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: None
Lot
- Lot size: 0.41 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters in Lincoln County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,124 | $133,488 |
| Home Insurance * | $607 | $7,284 |
| Property Taxes | $3,231 | $38,772 |
| Electricity | $1,511 | $18,143 |
| Total | $16,473 | $197,676 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-01 | Price change | $2,500,000 |
| 2026-01-06 | Listed for sale | $2,799,999 |
| 2000-07-31 | Sold | $80,000 |
For Sale by Agent
View on Zillow