Active

Price cut: $69K (7/22)

$339,000

131 E Rainbow Rd, Waldport, OR 97394

1beds

780sqft

$2,438/mo

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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.

96 days
426
32

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

Price history

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

Public tax history

Year	Property taxes	Tax 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