131 E Rainbow Rd, Waldport, OR 97394
Property image
Property image
FOR SALE
1.38 ACRES

131 E Rainbow Rd
Waldport, OR 97394

  • 1 Bed
  • 1 Bath
  • 780 sqft (on 1.38 acres)

$339,000

Original price: $339,000
Est. Mortgage $2,028/mo*
Get Pre-Qualified

$339,000

Original price: $339,000
Est. Mortgage $2,028/mo*
Get Pre-Qualified
1 Bed
1 Bath
780 sqft
(on 1.38 acres)

Home Highlights

Price/Sqft
$435
Listed
56 days ago
Climate Control
Fireplace, Baseboard Heating

Local Information

  • Map ViewExplore the area around 131 E Rainbow Rd.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: about 2 hours ago
Listing courtesy of Tricia Hall, (503) 708-6087
RE/MAX Equity Group
Source: RMLS (OR), MLS#437208205
Also Listed on RMLS (OR).

Home Details for 131 E Rainbow Rd

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 4Types of Rooms: Master Bedroom, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (full): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 780 Square Feet
Appliances & Utilities
Appliances: Appliance Garage, Free-Standing Range, Free-Standing Refrigerator, Washer/Dryer, Electric Water Heater
Heating & Cooling
Heating: Baseboard,Fireplace(s)No CoolingHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
Number of Fireplaces: 1Fireplace: PropaneHas a Fireplace
Windows, Doors, Floors & Walls
Window: Aluminum Frames, Vinyl FramesFlooring: Laminate
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Laminate
View
Has a ViewView: Trees/Woods

Exterior Features

Exterior Home Features
Roof: FlatOther Structures: OutbuildingExterior: Fire Pit, YardFoundation: Slab
Parking & Garage
No CarportNo GarageNo Attached GarageParking: Off Street
Frontage
Road Surface Type: Gravel
Water & Sewer
Sewer: Standard Septic

Days on Market

Days on Market: 56

Property Information

Year Built
Year Built: 1965
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Cottage
Building
Construction Materials: Wood SidingNot a New ConstructionNot Attached Property
Property Information
Condition: ApproximatelyParcel Number: R448029Additional Parcels Description: R48663

Price & Status

Price
List Price: $339,000Price Per Sqft: $435

Location

Direction & Address
City: WaldportCommunity: Alsea River
School Information
Elementary School: Crestview HghtsJr High / Middle School: WaldportHigh School: Waldport

Agent Information

Listing Agent
Listing ID: 437208205

Building

Building Area
Building Area: 780 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 1.38 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

Mls Number: 437208205

Around this home

What Locals Say about Waldport

At least 15 Trulia users voted on each feature.

  • 94 % Say parking is easy

  • 93 % Say there's holiday spirit

  • 91 % Say car is needed

  • 91 % Say it's dog friendly

  • 86 % Say yards are well-kept

  • 85 % Say it's quiet

  • 65 % Say there's wildlife

  • 60 % Say neighbors are friendly

  • 47 % Say people would walk alone at night

  • 44 % Say they plan to stay for at least 5 years

  • 41 % Say there are community events

  • 38 % Say kids play outside

  • 35 % Say streets are well-lit

  • 33 % Say it's walkable to grocery stores

  • 28 % Say it's walkable to restaurants

  • 21 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • Jerry Townsend
    "Can walk or ride bike to downtown."
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  • Jerry Townsend
    "Many kind, giving people in the community. The city is a big neighborhood with a single traffic light, nestled along a large crabbing bay and alonside the Pacific Ocean."
    0
    Flag
  • Jerry Townsend
    "Easy commute, 20 minutes to Newport or 5 minutes to downtown Waldport. Little traffic and well maintained roads."
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  • Terry M.
    " Great area for a beach house. 7 mi of clean, sandy beach. Many homes with at least some ocean view. Many streets with very little traffic (great for pets and walking). Waldport is a quiet, friendly community. Several churches, a grocery store, and a good Mexican restaurant. Short drive to Newport or Yachats, both of which have many restaurants and some shopping. In my opinion the great beach and low crime rate are some of Bayshore's greatest assests. Also, access on and off Hgwy 101 is facilitated by turn lanes onto Bayshore Dr. Alsea Bay is great for kayaking and seasonal fishing. Many beautiful forest hikes within a short drive. No, I didn't get paid to say this. I just like living here."
    1
    Flag
  • Rolo545
    "Very low crime rate, quiet, very friendly"
    1
    Flag
  • Classcelass1
    "A very quiet neighborhood in a beautiful setting. Walking can be a challenge, as the main road has limited access for walking, and people do not follow the 25 mph speed limit. Walking with dogs can be challenging as well, as it is sometimes difficult to keep the dogs on the narrow area provided for pedestrians. The homeowners association can be a bit biased as well. Other than these issues, this is a perfect area to live, with mostly couples and retired folks living here."
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  • Kuhl951
    "I live here 70% of the year and love it. We can walk for miles on the beach in either direction and seldom run into others. It's a very dog friendly area. Shopping for anything but groceries requires a drive into Newport. Our place is behind a large dune and the old growth spruces cut the wind to almost zero on really windy days. Great fishing, crabbing, and clamming make it a fisherman's paradise. "
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  • Sharon M.
    "SMALL COMUNITY WITH LITTLE ENTERTAINMENT OTHER THAN BEACH COMBING. PRETTY ISOLATED. NO NEAR BY MEDICAL FACILITIES, SO NOT GOOD FOR OLDER PERSONS. BEST FOR 55-65 YEAR OLD RETIRED FOLKS."
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Market trends in Waldport

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
75

Home Value

Trulia Estimate
$258K
Since last month
Decreased$8K (-3.1%)
Since last year
Decreased$6K (-2.3%)
Since last sale
Increased$77K (+43.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +176% in the last 10 years
MonthEstimated value
2026
August 2026$256K
July 2026$264K
June 2026$336K
May 2026$264K
April 2026$258K
March 2026$253K
February 2026$248K
January 2026$239K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
123 E Eckman Creek Rd, Waldport, OR
1.01
Single-Family Home
$480,000
02/13/26
2
1
1,212
2166 E Alsea Hwy, Waldport, OR
1.73
Single-Family Home
$325,000
02/27/26
3
2
1,680
1339 SE Blue Spruce Ln, Waldport, OR
1.37
Single-Family Home
$434,400
02/23/26
3
2
1,180
2350 E Alsea Hwy, Waldport, OR
1.58
Single-Family Home
$374,000
05/13/26
4
2
2,268
626 SE Acacia Ln, Waldport, OR
1.72
Single-Family Home
$500,000
05/11/26
2
2
1,304
120 NE Waldport Heights Dr, Waldport, OR
2.32
Single-Family Home
$165,000
12/02/25
1
1
604
48 N Sheppard Point Rd, Waldport, OR
2.48
Single-Family Home
$105,300
07/28/26
2
1
1,090
824 SE Home Port Ln, Waldport, OR
1.89
Single-Family Home
$450,000
11/07/25
2
2
1,612

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
3587 E Alsea Hwy, Waldport, OR 97394
0.11
$355,400
2
2
1,248
Off Market
231 E Darkey Creek Rd, Waldport, OR 97394
0.29
$458,000
2
2
1,568
Off Market
275 E Darkey Creek Rd, Waldport, OR 97394
0.46
$612,700
3
2
1,571
Off Market
3068 E Alsea Hwy, Waldport, OR 97394
0.56
$403,000
4
2
1,782
Recently Sold
771 E Southworth Rd, Waldport, OR 97394
0.61
-
-
-
-
Off Market
2852 E Alsea Hwy, Waldport, OR 97394
0.82
$28,000
-
-
-
For Sale
4530 E Alsea Hwy, Waldport, OR 97394
0.86
$434,000
3
2
1,782
Recently Sold
4587 E Alsea Hwy, Waldport, OR 97394
0.90
$588,600
4
2
2,179
Off Market
4605 E Alsea Hwy, Waldport, OR 97394
0.92
$346,000
3
2
1,176
Recently Sold
123 E Eckman Creek Rd, Waldport, OR 97394
1.01
$480,000
2
1
1,212
Recently Sold
2695 E Alsea Hwy, Waldport, OR 97394
1.03
$548,700
3
2
3,342
Off Market

Price and Tax history

DateEventPrice
Jul 22, 2026
Source: RMLS (OR) #631502350
PriceChange
$270,000
Price decreased by 20%
Jun 27, 2026
Source: RMLS (OR) #437208205
Listed For Sale
$339,000
Jul 21, 2009
Source: N/A
Sold
$179,000

LGBTQ Local Legal Protections

Tricia Hall, RE/MAX Equity Group
Agent Phone: (503) 708-6087
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 Zillow, Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. This content last updated on 2026-08-21 04:29:03 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Frequently asked questions about 131 E Rainbow Rd

  • What is the estimated monthly payment for 131 E Rainbow Rd?
    Based on a $339,000 list price with 20% down at today's rates, the estimated monthly payment for 131 E Rainbow Rd in Waldport, OR is approximately $2,077 (about $1,765 principal & interest, $237 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Waldport?
    Residents describe Waldport, OR as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See homes for sale in Waldport, OR.
  • What are the closest schools to 131 E Rainbow Rd?
    The closest schools to 131 E Rainbow Rd in Waldport, OR are Crestview Heights School (Elementary, rated 7/10), Waldport High School (rated 5/10), Waldport Middle School (rated 2/10).
  • What is 131 E Rainbow Rd estimated to be worth?
    Trulia's estimated value for 131 E Rainbow Rd in Waldport, OR is $257,500.
  • Does 131 E Rainbow Rd have laundry facilities?
    Yes, 131 E Rainbow Rd in Waldport, OR has laundry facilities.
  • Does 131 E Rainbow Rd have a yard?
    Yes, 131 E Rainbow Rd in Waldport, OR has a yard.
131 E Rainbow Rd, Waldport, OR 97394 is a 1 bedroom, 1 bathroom, 780 sqft single-family home built in 1965. This property is currently available for sale and was listed by RMLS (OR) on Jun 27, 2026. The MLS # for this home is MLS# 437208205.