Your dream of Owning an Ocean Front condo in Newport Oregon for occasional use can be expensive. In 2018 the City of Newport restricted the number of Nightly Vacation Rentals making it VERY difficult to buy a condo, rent it when you are not using it to cover HOA and mortgage expenses.
SEASCAPES is the perfect solution to fulfill your dream because it offers shared ownership with others, each participating in the management fees, expenses of maintenance while providing benefits of ownership 3 weeks a year. Shared ownership is NOT a time share, because you are not sharing time but rather you have actual Fee Simple Ownership and own a share of the unit. Every owner get a storage locker for personal use items.
SEASCAPES allows you to bring your suitcase and leave all the responsibility of maintaining the property to someone else so you can enjoy life on the Oregon Coast! The location couldn’t be better as it is one to a gentle path to the beach. Historic Nye Beach is only 3 blocks away where you will find boutiques, restaurants, gift shops, and art galleries. If you enjoy the Symphony or Theater, the Performing Arts Center is in walking distance. If you take a longer walk over the hill you will beat the Historic Bay Front. For more information about this property, contact Sonja Lovas.