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The retreat rates of Arctic coasts have increased in recent decades at many sites, and an essential part of coasts considered accumulative before have turned erosional due to global climate changes and construction in the coastal zone. In this paper, we study a 7 km long coastal section of the western Gydan Peninsula in a new construction area. Based on the interpretation of multi-temporal satellite imagery, we assessed coastal dynamics in distinct periods from 1972 to 2020. We analyzed the geological structure of the coast as well as changes in hydrometeorological parameters with time, and considering the human impact, we proposed the main drivers of spatial and temporal variations of coastal dynamics. The studied low-lying sandy accumulative marine terrace was more or less stable in the period before construction (1972–2014). However, with the area’s development, the coast dynamics changed drastically: in 2014–2017, three-quarters of the studied area experienced retreat, and the average retreat rate amounted to 5.8 m/yr, up to 28.5 m/yr near the construction sites. We relate this coastal erosion intensification to human impact combined with the growth of hydrometeorological forcing. Although coastal erosion slowed down after 2017, the retreat trend remained. In the coming years, with Arctic climate warming, erosion of the studied coast will continue.