Rare opportunity in Newport's historic Nye Beach neighborhood. This 0.12-acre R-4 zoned lot at 47 SW Coast Street offers ocean views and an established shared driveway easement along the northern edge. The building was removed from the lot in 2024, so it's ready for your plans. A survey has been completed, and water, sewer, and electric are all available at the street. You're in the Nye Beach Design overlay, directly across from the Newport Performing Arts Center and just steps from the beach, restaurants, and shops. R-4 zoning supports single-family, multi-family, or mixed-use development. Whether you're building a coastal home or exploring development potential, this Nye Beach lot puts you in one of Newport's most walkable, sought-after locations.