Allan Polendey

131 E Rainbow Rd

Waldport, OR
$ 339,000 Beds 1 Baths 1 Sq 780
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 339,000
  • City
  • Waldport
  • Bedrooms
  • 1
  • Full Bathrooms
  • 1
  • County
  • LINCOLN
  • Half Bathrooms
  • 0
  • Area
  • 200
  • Lot Size
  • 1.38 Acres
  • Zip
  • 97394
  • Sqr Footage
  • 780
  • Year Built
  • 1965
  • Taxes
  • $ 2363
  • Style
  • Stories1,Cottage
  • MLS#
  • 437208205
Listed By: RE/MAX Equity Group -
Data Source: Regional Multiple Listing Service (RMLSOR)

Features

General

Sewer StandardSeptic
Heating Baseboard
Roof Flat
Appliances ApplianceGarage,FreeStandingRange,FreeStandingRefrigerator
Zoning RR-5
Architectural Style Stories1,Cottage
Year Built 1965
Stories Count 1
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R448029
County Lincoln
Property Type Residential
HOA No
Subdivision Name Alsea River
Full Baths 1
Status Active
Directions Alsear Highway to Rainbow,approx 3.5 miles from Waldport
High School Waldport
City Waldport
Disclosures Exempt
MLS Area _200
Lot Size Square Feet 60112.0
Listing Terms Cash,Conventional
Elementary School Crestview Hghts
Tax Annual Amount 2363.05
Middle/Junior High School Waldport
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N No
ViewDescription TreesWoods
Legal Description PROPERTY ID R448029 TWNSHP 13,RNG 11,ACRES 0.69,DOC201202130
SeniorCommunityYn False
ADU False

Interior Features

Interior Amenities LaminateFlooring,WasherDryer
Basement None
Total Fireplaces 1
Fireplace Features Propane
Hot Water Electricity
Window Features AluminumFrames,VinylFrames
Total Bathrooms 1.0
FuelDescription Electricity
Total Bedrooms 1
Total Baths 1

Exterior Features

Exterior Amenities FirePit,Outbuilding,Yard
Parking Features OffStreet
Lot Features GentleSloping,Private,Trees
Water Source Well
Exterior Description WoodSiding
Foundation Details Slab
Building Area Total 780.0
Lot Size Acres 1.38
Road Surface Type Gravel

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Hillsboro, OR office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

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

Price History

6/27/2026 Listed $339,000

Property vs Zip Code Average in 97394

Price
AVG $500K
$340K
Taxes
AVG $5,504
$2,363
Year Built
AVG 1987
1965
Visits
AVG 45
18
Data Provided by Inside Real Estate®

Areas That We Cover

131 E Rainbow Rd Waldport, OR is a Single Family Home for sale at $339000 with 780 sqft and a lot size of 1.38 Acres Acre(s). 131 E Rainbow Rd Waldport has 1 bedrooms, 1 baths and was built in 1965. The property's zip code is 97394 which is in Waldport, OR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Allan Polendey

Allan Polendey

971-297-3357

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