Opportunity awaits in the heart of Newport! Located just two blocks from the beach in the desirable Nye Beach area, this 5-bedroom, 2-bath home offers incredible potential for investors, vacation home buyers, or anyone looking to create their dream coastal retreat. With over two levels of living space, the home features a main-floor bedroom and full bath, providing convenient single-level living options. Enjoy a peek-a-boo ocean view and the charm of classic cedar shake siding, giving the home timeless coastal character. The property offers exceptional parking flexibility, including a carport plus space for a boat, RV, and up to four additional vehicles—a rare find this close to the beach. Just two blocks to beach access, you'll love the proximity to the shops, restaurants, and vibrant coastal lifestyle that make the Nye Beach area so popular. The home needs work and is priced accordingly, making it a fantastic opportunity for buyers ready to bring their vision and build equity in a prime Newport location. Bring your ideas and unlock the potential of this coastal property just moments from the sand.