$270,000

131 E Rainbow Rd Waldport, OR 97394

Waldport Area

Estimated payment $1,616/month

Total Views 4,256
1 Bed
1 Bath
780 Sq Ft
$346 Price per Sq Ft

Highlights

  • Very Popular Property
  • Private Yard
  • Cottage
  • View of Trees or Woods
  • No HOA
  • Built-In Features

About This Home

3.5 miles from Waldport along the Alsea River Highway. Private neighborhood with a perfect cottage on large .69 acre lot. Spend summer days fishing the Alsea or crabbing at the coast. Expansive outdoor spaces includes large yard for outdoor games and a great fire pit for evenings around the campfire. Cottage has 1BD with a large utility room that functions as a second bedroom/sleeping porch. Large family room with a cozy propane fireplace. Additional lot next door is also available for purchase and listed together under ML#437208205

Listing Agent

Tricia Hall

RE/MAX Equity Group License #200603128 Listed on: 07/22/2026

RE/MAX Equity Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,596

Year Built

  • Built in 1965

Lot Details

  • 30,056 Sq Ft Lot
  • Gentle Sloping Lot
  • Landscaped with Trees
  • Private Yard
  • Property is zoned RR-5

Home Design

  • Cottage
  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 780 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Propane Fireplace
  • Vinyl Clad Windows
  • Aluminum Window Frames
  • Family Room
  • Living Room
  • Dining Room
  • Storage Room
  • Washer and Dryer
  • Utility Room
  • Laminate Flooring
  • Views of Woods
  • Free-Standing Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Appliances in Garage
  • Off-Street Parking

Outdoor Features

  • Fire Pit
  • Outbuilding

Schools

  • Crestview Hghts Elementary School
  • Waldport Middle School
  • Waldport High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R448029

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,596

Year Built

Built in 1965

Lot Details

0.69 Acres

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1965
  • Property Condition: Approximately
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1, Cottage
  • New Construction: No
  • Property Attached Yn: No
  • Current Price For Status: 270000.0
  • Open House: No
  • Room 12 Features: Fireplace
  • Room 9 Features: BuiltinFeatures
  • Special Features: None

Interior Features

  • Total Bathrooms: 1.0
  • Fireplaces: 1
  • Interior Amenities: LaminateFlooring, WasherDryer
  • Room 4 Description: UtilityRoom
  • Room 4 Level: Main
  • Room 5 Description: Storage
  • Room 5 Level: Main
  • Basement: None
  • Window Features: AluminumFrames, VinylFrames
  • Appliances: ApplianceGarage, FreeStandingRange, FreeStandingRefrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Propane
  • Fireplace: Yes
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt20000toAcres1
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: WoodSiding
  • Exterior Features: FirePit, Outbuilding, Yard
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: GentleSloping, Private, Trees
  • Road Surface Type: Gravel
  • Disclosures: Exempt
  • Home Warranty: No
  • Roof: Flat
  • View: TreesWoods

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: StandardSeptic
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Crestview Hghts
  • High School: Waldport
  • Middle Or Junior School: Waldport

Lot Info

  • Zoning: RR-5
  • Land Lease: No
  • Lot Size Acres: 0.69
  • Lot Size Sq Ft: 30056.0
  • Parcel #: R448029

Green Features

  • Green Certification: No

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 1596.13
  • Tax Opportunity Zone: No

Map

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Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,596 $110,190
2024 $1,493 $106,990
2023 $1,450 $103,880 $0 $0
2022 $1,400 $100,860 $0 $0
2021 $1,366 $97,930 $0 $0
2020 $1,342 $95,080 $0 $0
2019 $1,292 $92,320 $0 $0
2018 $1,272 $89,640 $0 $0
2017 $1,225 $87,030 $0 $0
2016 $1,170 $84,500 $0 $0
2015 $960 $82,040 $0 $0
2014 $924 $78,770 $0 $0
2013 -- $79,660 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/22/2026 07/22/26 For Sale $270,000 -20.4% $346 / Sq Ft
06/26/2026 06/26/26 For Sale $339,000 -- $435 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 631502350

Regional Multiple Listing Service (RMLS)

APN: R448029

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