This home is rich in history and vintage charm, awaiting someone with a vision to restore it to its full potential. When you step inside, you're greeted by vaulted ceilings, rich wood paneling, and large windows that frame a breathtaking view of the Alsea River! A separate studio provides space for creativity or guests. Situated on a generous parcel of marketable timber, the property offers as much potential as the home does. The yard boasts a variety of mature trees, including apple, cherry, peach, pear, bay leaf, and rosemary, complemented by blooming roses and rhododendrons. Grow your own food! Elk and deer are frequent visitors!
This property is a haven for outdoor enthusiasts seeking privacy, tranquility, and a serene natural setting.
Active
$650,000
82 E Rainbow Rd, Waldport, OR 97394
2beds
2baths
2,307sqft
Est.:
Single Family Residence
Built in 1978
2.77 Acres Lot
$605,700 Zestimate®
$282/sqft
$-- HOA
What's special
Vaulted ceilingsRich wood panelingBlooming roses and rhododendrons
- 115 days |
- 452 |
- 13 |
Zillow last checked: 8 hours ago
Listing updated: December 16, 2025 at 02:36pm
Listed by:
Makennah P Warner 509-392-2134,
Elkhorn Real Estate
Source: OCMLS,MLS#: LC-104830
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Has Heating (Unspecified Type)
Appliances
- Included: Dryer, Electric Cooktop, Microwave, Washer, Water Heater
Features
- Vaulted Ceiling(s)
- Flooring: Other
- Has basement: No
Interior area
- Total structure area: 2,307
- Total interior livable area: 2,307 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 2.77 Acres
Details
- Additional structures: Shed(s)
- Parcel number: 131127B31500
- Zoning description: RR-5 Rural 5 acre
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected, Natural Gas Not Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Waldport
Financial & listing details
- Price per square foot: $282/sqft
- Tax assessed value: $440,680
- Annual tax amount: $3,443
- Date on market: 9/12/2025
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
$605,700
$575,000 - $636,000
$2,603/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2025 | Listed for sale | $650,000+306.3%$282/sqft |
Source: | ||
| 2/19/2016 | Sold | $160,000-10.6%$69/sqft |
Source: Public Record Report a problem | ||
| 7/27/2001 | Sold | $179,000$78/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,340 +3.1% | $253,180 +3% |
| 2023 | $3,241 +3.7% | $245,810 +3% |
| 2022 | $3,125 -0.5% | $238,660 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,781/mo
Principal & interest
$3098
Property taxes
$455
Home insurance
$228
Climate risks
Neighborhood: 97394
Nearby schools
GreatSchools rating
- 7/10Crestview Heights SchoolGrades: K-6Distance: 2.8 mi
- 2/10Waldport Middle SchoolGrades: 7-8Distance: 2.8 mi
- 5/10Waldport High SchoolGrades: 9-12Distance: 2.8 mi
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