Active

$480,000

82 E Rainbow Rd, Waldport, OR 97394

2beds

2,307sqft

$3,320/mo

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Single Family Residence

Built in 1978

2.77 Acres Lot

$-- Zestimate^®

$208/sqft

$-- HOA

What's special

Vaulted ceilingsWarm wood panelingBlooming roses and rhododendrons

Vintage charm, breathtaking river views, and endless potential! This unique home is ready for someone with a vision to bring it back to its full potential while enjoying it along the way. Inside, vaulted ceilings, warm wood paneling, and large windows showcase the beautiful views of the Alsea River. A separate studio provides an additional flexible space for guests, hobbies, or creative pursuits. Outside, the property is surrounded by mature fruit trees and established landscaping, including apple, cherry, peach, and pear trees, along with blooming roses and rhododendrons. Wildlife is a frequent sight, adding to the peaceful and private setting. If you're looking for character, space, privacy, and a property that you can truly make your own, this one is worth exploring.

25 days
1,813
128

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Electric, Forced Air

Cooling

None

Appliances

Included: Dryer, Double Oven, Electric Cooktop, Microwave, Washer, Water Heater

Features

Walk-In Closet(s), Vaulted Ceiling(s)
Flooring: Other
Has basement: No
Has fireplace: No

Interior area

Total structure area: 2,307
Total interior livable area: 2,307 sqft
Finished area above ground: 2,307
Finished area below ground: 0

Property

Parking

Parking features: Driveway

Features

Levels: One
Stories: 1
Patio & porch: Covered Patio, Deck
Exterior features: Private Yard
Fencing: None
Has view: Yes
View description: Mountain(s), Forest, Panoramic, River
Has water view: Yes
Water view: River

Lot

Size: 2.77 Acres
Features: Garden, Private, Secluded, Wooded

Details

Additional structures: Shed(s)
Parcel number: R438860
Zoning description: RR-5 Rural 5 acre
Special conditions: Probate Listing

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Wood Siding
Foundation: Concrete Perimeter
Roof: Composition

Condition

New construction: No
Year built: 1978

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Electricity Connected, Natural Gas Not Available, Water Available

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)

HOA

Has HOA: No

Location

Region: Waldport

Financial & listing details

Price per square foot: $208/sqft
Tax assessed value: $446,970
Annual tax amount: $3,377
Date on market: 8/25/2026
Listing terms: Cash,Conventional
Electric utility on property: Yes
Road surface type: Gravel

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/25/2026	Price change	$480,000-26.2%$208/sqft
Source: OCMLS #26-2334 Report a problem
9/12/2025	Listed for sale	$650,000+306.3%$282/sqft
Source: OCMLS #25-2071 Report a problem
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: OCMLS #01-1245 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,561 +6.6%	$260,770 +3%
2024	$3,340 +3.1%	$253,180 +3%
2023	$3,241 +3.7%	$245,810 +3%
2022	$3,125 -0.5%	$238,660 +3%
2021	$3,142 +5%	$231,710 +3%
2020	$2,993	$224,970 +3%
2019	--	$218,420 +3%
2018	$2,918	$212,060 +6.2%
2017	$2,918 +5.6%	$199,670 -3%
2016	$2,764	$205,890 +3%
2015	$2,764 +27.2%	$199,900 +3.3%
2014	$2,173	$193,550 -0.3%
2013	$2,173 -0.7%	$194,080 +3%
2012	$2,189 +2.8%	$188,430 +3%
2011	$2,128 +2.9%	$182,950
2010	$2,069 +3.2%	$182,950 +6.1%
2009	$2,006 +1.2%	$172,460
2008	$1,983 +4.9%	$172,460 +6.1%
2007	$1,890	$162,570