131 E Rainbow Rd

Waldport, OR 97394

$339,000
Price
1
Bed
780 Sq. Ft.
$435 / Sq. Ft.
780
Sq. Ft.
$435
per Sq. Ft.
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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...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.
  1. Listed by Tricia Hall • RE/MAX Equity Group

Property Details for 131 East Rainbow Road

Style
Stories1, Cottage
Subdivision
Alsea River
Parking Features
Off Street
Zoning
RR-5
View
Trees Woods
Garage Spaces
.00
Parking Total
.00
LISTING UPDATED: 06/26/2026 06:42 PM

Property Details for 131 East Rainbow Road

StatusActive
MLS #437208205
Days on Market1
Taxes$2,363 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1965
Lot Size1.38 AC / 60,112 SF
CountyLincoln County
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Location

Listing Courtesy of RE/MAX Equity Group
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Building Information for 131 East Rainbow Road

Stories1Year Built1965Building Size-Lot Size1.38 AC / 60,112 SF

Payment Calculator

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$1,886 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,689

Property Taxes

$197

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 131 East Rainbow Road

Summary
Location and General Information
  • Country: US
  • Directions: Alsear Highway to Rainbow, approx 3.5 miles from Waldport
  • Road Surface: Gravel
School Information
  • Elementary School: Crestview Hghts
  • High School: Waldport
  • Middle Or Junior School: Waldport
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $2,363.05
  • Parcel Number: R448029
  • Parcel Number 2: R48663
  • Tax Legal Description: PROPERTY ID R448029 TWNSHP 13, RNG 11, ACRES 0.69, DOC201202130
Property
Lot Information
  • Acres: 1.38
  • Lot Description: Gentle Sloping, Private, Trees
  • Lot Size Square Feet: 60112.0
  • Lot Size Range: Acres1to3
  • Lot Size: 1 to 2.99 Acres
  • SqFt Source: County
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Water Description: Well
  • Property Condition: Approximately
  • Year Built: 1965
Utilities
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Hot Water Description: Electricity
  • Sewer Description: Standard Septic
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Exterior Features: Fire Pit, Outbuilding, Yard
  • Roof Type: Flat
Interior Features
  • Basement: None
  • Foundation Details: Slab
  • Window Features: Aluminum Frames, Vinyl Frames
  • Fireplace Description: Propane
  • Fireplaces Total: 1
  • Interior Features: Laminate Flooring, Washer Dryer
  • SqFt Calculated: 780
  • SqFt Lower Level Total: 0
  • SqFt Main Level Total: 780
  • SqFt Upper Level Total: 0
  • Bedrooms Total: 1
  • Stories: 1
  • Baths Total: 1.0
Master Bedroom
  • Room Description: Primary Bedroom
  • Primary Bedroom Additional Features: Closet
  • Primary Bedroom Level: Main
  • Primary Bedroom SqFt: 72
  • Primary Bedroom Length: 9
  • Primary Bedroom Width: 8
Dining Room
  • Room Description: Dining Room
  • Dining Room Features: Builtin Features
  • Dining Room Additional Features: Laminate Flooring
  • Dining Room Length: 10
  • Dining Room Width: 10
  • Dining Room Level: Main
  • Dining Room SqFt: 100
Family Room
  • Room Description: Family Room
Kitchen
  • Room Description: Kitchen
  • Kitchen Appliances: Appliance Garage, Free Standing Range, Free Standing Refrigerator
  • Kitchen Room Additional Features: Laminate Flooring
  • Kitchen RoomLength: 10
  • Kitchen RoomWidth: 9
  • Kitchen Room Level: Main
  • Kitchen Room SqFt: 90
Living Room
  • Room Description: Living Room
  • Living Room Features: Fireplace
  • Living Room additional Features: Laminate Flooring
  • Living Room Length: 16
  • Living Room Width: 13
  • Living Room Level: Main
  • Living Room SqFt: 208
Baths
  • Baths Lower Level Full: 0
  • Baths Lower Level Partial: 0
  • Baths Lower Level Total: 0.0
  • Baths Main Level Full: 1
  • BathsMainLevelPartial: 0
  • Baths Main Level Total: 1.0
  • Bathrooms Full: 1
  • Baths Partial: 0
  • Total Bathrooms: 1
  • Baths Upper Leve lFull: 0
  • Baths Upper Level Partial: 0
  • Baths Upper Level Total: 0.0
Additional Room 1
  • Additional Room 1 Description: Utility Room
  • Additional Room 1 Length: 12
  • Additional Room 1 Level: Main
  • Additional Room 1 SqFt: 108
  • Additional Room 1 Width: 9
Additional Room 2
  • Additional Room 2 Description: Storage
  • Additional Room 2 Length: 14
  • Additional Room 2 Level: Main
  • Additional Room 2 SqFt: 70
  • Additional Room 2 Width: 5
Additional Room 4
  • Additional Room 4 Additional Features: Washer Dryer
Additional Room 5
  • Additional Room 5 Additional Features: Sink
Multi Family
Multi-Family Information
  • SqFt Approximate Building Total: 780

Public Records for 131 East Rainbow Road

Taxable ValueLand-Additions-Total-
Tax Record2025$1,596 ($133 / month)
Home Facts
Beds1Baths1Total Finished SqFt780 SqFtAbove Grade Finished SqFt780 SqFtStories1Lot Size30,056 SqFtStyleSingle Family ResidenceYear Built1965ZoningRR-5,DR;RURALCountyLINCOLNAPN13-11-27-B0-00700-00Fireplace TypeHas Fireplace

Schools near 131 East Rainbow Road

This home is within Lincoln County School District.
Rating
School
Type
Grades
Distance
Crestview Heights School
Public - K to 6
Waldport Middle School
Public - 7 to 8
Waldport High School
Public - 9 to 12
Toledo Jr. High
Public - 7 to 8
Rating
School
Distance
Crestview Heights School
PublicK to 6

Waldport Middle School
Public7 to 8

Waldport High School
Public9 to 12

Toledo Jr. High
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 131 East Rainbow Road, Waldport, OR 97394

131 East Rainbow Road is a single family home for sale in Waldport, OR 97394. This listing's school district is Lincoln County School District. Nearby schools include Crestview Heights School, Waldport Middle School and Waldport High School. 131 East Rainbow Road is a 1-bed, 1-bath, 780 sqft single family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Equity Group

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 06/26/2026 06:42 PM