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Active
    • Price cut: $69K (7/22)
    $339,000

    131 E Rainbow Rd, Waldport, OR 97394

    1beds
    780sqft
    : 
    $2,301/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1965
    1.38 Acres Lot
    $-- Zestimate®
    $435/sqft
    $-- HOA

    What's special

    Perfect cottageExpansive outdoor spacesOutdoor games
    A unique opportunity 3.5 miles from Waldport along the Alsea rHighway. Private neighborhood with a perfect cottage and room for more. Includes existing cottage on large .69 acres lot and the adjacent lot (also .69 acres) Buyer due diligence on vacant lot. Has well in unknown condition. Great place to create a generational compound where summer days can be spent fishing the Alsea or crabbing at the coast. Expansive outdoor spaces for fish fry’s, crab boils, outdoor games and nights around the fire pit. Cottage has 1BD with a large utility room that functions as a second bedroom/sleeping porch.
    39 days
    |
    704
    |
    37
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tricia Hall 503-708-6087,

    RE/MAX Equity Group

    Source: RMLS (OR),MLS#: 437208205MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      Rooms
      • Room types: Utility Room, Storage, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
      Primary bedroom
      • Features: Closet
      • Level: Main
      • Area: 72
      • Dimensions: 9 x 8
      Dining room
      • Features: Builtin Features, Laminate Flooring
      • Level: Main
      • Area: 100
      • Dimensions: 10 x 10
      Kitchen
      • Features: Laminate Flooring
      • Level: Main
      • Area: 90
      • Width: 9
      Living room
      • Features: Fireplace, Laminate Flooring
      • Level: Main
      • Area: 208
      • Dimensions: 16 x 13
      Heating
      • Baseboard, Fireplace(s)
      Appliances
      • Included: Appliance Garage, Free-Standing Range, Free-Standing Refrigerator, Washer/Dryer, Electric Water Heater
      Features
      • Sink, Built-in Features, Closet
      • Flooring: Laminate
      • Windows: Aluminum Frames, Vinyl Frames
      • Basement: None
      • Number of fireplaces: 1
      • Fireplace features: Propane
      Interior area
      • Total structure area: 780
      • Total interior livable area: 780 sqft

      Property

      Parking
      • Parking features: Off Street
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Fire Pit, Yard
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 1.38 Acres
      • Features: Gentle Sloping, Private, Trees, Acres 1 to 3
      Details
      • Additional structures: Outbuilding
      • Additional parcels included: R48663
      • Parcel number: R448029
      • Zoning: RR-5

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cottage
      • Property subtype: Residential, Single Family Residence
      Materials
      • Wood Siding
      • Foundation: Slab
      • Roof: Flat
      Condition
      • Approximately
      • New construction: No
      • Year built: 1965

      Utilities & green energy

      • Sewer: Standard Septic
      • Water: Well

      Community & HOA

      Community
      • Subdivision: Alsea River
      HOA
      • Has HOA: No
      Location
      • Region: Waldport

      Financial & listing details

      • Price per square foot: $435/sqft
      • Tax assessed value: $214,030
      • Annual tax amount: $2,363
      • Date on market: 6/26/2026
      • Listing terms: Cash,Conventional
      • Road surface type: Gravel

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/22/2026Price change$270,000-20.4%$346/sqft
        Source: RMLS (OR) #631502350 Report a problem
        6/27/2026Listed for sale$339,000+89.4%$435/sqft
        Source: RMLS (OR) #437208205 Report a problem
        7/21/2009Sold$179,000$229/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,548 +6.9%$110,190 +3%
        2024$1,449 +3%$106,990 +3%
        2023$1,407 +3.6%$103,880 +3%
        2022$1,358 -0.6%$100,860 +3%
        2021$1,366 +4.9%$97,930 +3%
        2020$1,302 $95,080 +3%
        2019-- $92,320 +3%
        2018$1,272 $89,640 +3%
        2017$1,272 +8.7%$87,030 +3%
        2016$1,170 $84,500 +3%
        2015$1,170 +26.7%$82,040 +4.2%
        2014$924 $78,770 -1.1%
        2013$924 -1.4%$79,660 +3%
        2012$937 +10.7%$77,340 +3%
        2011$846 +3%$75,090
        2010$822 +3.3%$75,090 +6.1%
        2009$796 +2.6%$70,790
        2008$776 +3.1%$70,790 +6.1%
        2007$753 $66,730
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 97394

        Getting around

        0 / 100
        Car-Dependent
        6 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Crestview Hghts
        • Middle: Waldport
        • High: Waldport

        Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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