$339,000

131 E Rainbow Rd Waldport, OR 97394

Waldport Area

Estimated payment $2,039/month

Total Views 1,499
1 Bed
1 Bath
780 Sq Ft
$435 Price per Sq Ft

Highlights

  • View of Trees or Woods
  • No HOA
  • Built-In Features
  • Private Yard
  • Cottage
  • Living Room

About This Home

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.

Listing Agent

Tricia Hall

RE/MAX Equity Group License #200603128 Listed on: 06/26/2026

RE/MAX Equity Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,363

Year Built

  • Built in 1965

Lot Details

  • 1.38 Acre 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
  • Alsea River Subdivision

Listing and Financial Details

  • Assessor Parcel Number R448029

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,363

Year Built

Built in 1965

Lot Details

1.38 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: 339000.0
  • 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: Acres1to3
  • 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: 1 to 2.99 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: 1.38
  • Lot Size Sq Ft: 60112.0
  • Parcel #: R448029

Green Features

  • Green Certification: No

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 2363.05

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
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: 437208205

Regional Multiple Listing Service (RMLS)

APN: R448029

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