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131 E Rainbow Rd, Waldport, OR 97394 — photograph 1

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131 E Rainbow Rd, Waldport, OR 97394 — photograph 1
1 Bed1 Bath780 sqft

131 E Rainbow Rd, Waldport

$339,000

Save
ActiveMLS®: 437208205Listing held by another brokerage, marked RMLS
Price per sqft
$434.62
Built in
1965
Property size
780 sqft
Lot size
1.38 acres
Property type
Residential
Days on market
78

Overview

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.

Details

Interior

Interior features
Laminate Flooring, Washer / Dryer
Appliances
Appliance Garage, Free Standing Range, Free Standing Refrigerator
Fireplace
Yes
Fireplaces
1
Fireplace description
Propane
Cooling
No
Heating
Yes
Heating description
Baseboard
Windows
Aluminum Frames, Vinyl Frames

Exterior and lot

Lot size
1.38 acres
Exterior features
Fire Pit, Outbuilding, Yard
Lot features
Gentle Sloping, Private, Trees
Architectural style
One Story, Cottage
Roof
Flat
View
Yes
View description
Trees / Woods

Utilities

Sewer
Standard Septic
Water source
Well

Parking

Garage spaces
0
Parking
Off Street
Total parking
0

Schools

High school
Waldport
Middle school
Waldport
Elementary school
Crestview Hghts

Location

City
Waldport
County
Lincoln
Zoning
RR-5
Subdivision
Alsea River

Taxes and dues

Annual taxes
$2,363 (2025)

Location

131 E Rainbow Rd, Waldport, OR 97394

Map showing the location of 131 E Rainbow Rd, Waldport, OR 97394
© Mapbox © OpenStreetMap

Monthly payment estimate

$2,001 /mo

20% · $67,800
7.00%
Principal and interest
$1,804
Property tax (2025)
$197
Total
$2,001

Estimate only, and not an offer of credit. Assumes 20% down ($67,800) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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