Date
Details
Price
Change
Source
6/26/2026
Listed
$339,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/22
$339,000 Just Listed
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1/22
Property Description
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.
Full Property Details
Full Property Details for 131 E Rainbow Rd
General
- Price: $339,000
- Taxes: $2,363 (2025)
- Status: Active
- Type: Single Family
- Source: RWMLS
- MLS ID: 437208205
- Updated: 6/26/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: Laminate Flooring, Washer/Dryer
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Propane
- Appliances: Appliance Garage, Free-Standing Range, Free-Standing Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 1
- Primary Bedroom: 9 x 8, Main, 72 Sq. Ft.
Other Rooms
- Living Room: 16 x 13, Main, 208 Sq. Ft.
- Kitchen: 10 x 9, Main, 90 Sq. Ft.
- Dining Room: 10 x 10, Main, 100 Sq. Ft.
- Storage: 14 x 5, Main
Exterior
- Exterior Features: Fire Pit, Outbuilding, Yard
Parking
- Parking Features: Off Street
Location
- County: Lincoln
- Subdivision: Alsea River
- Driving Directions: Alsear Highway to Rainbow, approx 3.5 miles from Waldport
School Information
- Elementary School: Crestview Hghts
- Middle School: Waldport
- High School: Waldport
Community
- Community Name: 200 - Lincoln County
Heating & Cooling
- Heating Type: Baseboard
- Heating Fuel: Electricity
Utilities
- Sewer: Standard Septic
- Water: Well
- Well: Yes
Structural Information
- Property Detached: Yes
- Architectural Style: 1 Story, Cottage
- Basement Desc.: None
- Roof: Flat
- Windows: Aluminum Frames, Vinyl Frames
- Stories/Levels: 1
- Square Feet: 780
- Year Built: 1965
- Property Condition: Approximately
Lot Features
- Lot Size (Acres): 1.38
- Lot Size (Sq. Ft.): 60,112
- Lot Size: 1 to 2.99 Acres
- Frontage: Gravel
- Lot Features: Gentle Sloping, Private, Trees
Financial Considerations
- Tax Amount: $2,363.05
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: PROPERTY ID R448029 TWNSHP 13, RNG 11, ACRES 0.69, DOC201202130
- Disclosures/Reports: Exempt
- Property ID: R448029
Listed by RE/MAX Equity Group (503) 635-2660, Tricia Hall (503) 708-6087
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Listing agent
— 131 E Rainbow Rd —
Tricia Hall
RE/MAX Equity Group
503-635-2660
NMLS#: 1598647
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Schools
Schools serving 131 E Rainbow Rd
School District:Lincoln County School District
| Name | Grades | Distance |
|---|---|---|
Crestview Heights School 3000 South Crestline Drive, Waldport, OR 97394 | K-6 | 2.9 mi |
Waldport High School 3000 South Crestline Drive, Waldport, OR 97394 | 7-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 131 E Rainbow Rd
Tax History
Tax History for 131 E Rainbow Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,596
7%
$110,190
3%
2024
$1,493
3%
$106,990
3%
2023
$1,450
6%
$103,880
6%
2021
$1,366
-2%
$97,930
-3%
2022
$1,400
2%
$100,860
6%
2021
$1,366
6%
$95,080
3%
2019
$1,292
2%
$92,320
3%
2018
$1,272
4%
$89,640
3%
2017
$1,225
5%
$87,030
3%
2016
$1,170
22%
$84,500
3%
2015
$960
4%
$82,040
4%
2014
$924
-1%
$78,770
-1%
2013
$932
—
$79,660
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 131 E Rainbow Rd
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131 E Rainbow Rd, Waldport, OR 97394 (MLS# 437208205) is a Single Family property with 1 bedroom and 1 full bathroom. 131 E Rainbow Rd is currently listed for $339,000 and was received on June 26, 2026. Want to learn more about 131 E Rainbow Rd? Do you have questions about finding other Single Family real estate for sale in Waldport? You can browse all Waldport real estate or contact a Coldwell Banker agent to request more information.