This home's estimate is 67.2% lower than the average sale price ($773K) of 6 comparable homes.
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34295 SE Rainbow Rd, Estacada, OR 97023
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About this home
Tucked along the banks of Eagle Creek, this rare creekfront property offers a truly unique opportunity in one of the Pacific Northwest’s most scenic recreational corridors. Built in 1956 and held by the same family since 1988, the property is being offered for sale for the first time in decades. Located beside the Eagle Creek National Fish Hatchery, the sale includes a rustic cabin on .35 acres plus a separate adjacent .43 acre vacant lot. Together, the two tax lots provide added space, flexibility, and future potential in an area where creekfront properties are rarely available. The cabin retains much of its original character and offers the next owner an opportunity to update and personalize over time. Whether envisioned as a rustic getaway, fishing retreat, or long term investment, the setting is the true highlight. Buyer to perform all due diligence regarding condition, intended use, and development potential of included vacant lot.

Redfin Estimate
Market trends in 97023, OR
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
- OPEN SUN, 1PM TO 3PM$465,0003 beds2 baths1,650 sq ft1090 NE Regan Hill Loop, Estacada, OR 97023Monique Farinha • Premiere Property Group LLC
- $399,5003 beds1 bath1,040 sq ft344 SE Shafford St, Estacada, OR 97023Heather Randall • eXp Realty, LLC
- $799,9004 beds3 baths2,235 sq ft38202 SE Tumala Mountain Rd, Estacada, OR 97023Kelli Jung • RE/MAX Advantage Group
- $554,9004 beds2 baths2,064 sq ft1650 NE Forest Park St, Estacada, OR 97023Stephanie Peck • eXp Realty, LLC
- 3D WALKTHROUGH$515,0003 beds2 baths1,846 sq ft513 NE Fremont Dr, Estacada, OR 97023Justine Gamble • Summa Real Estate Group
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Est. $1,899 per month, based on comparable rentals
Sale and tax history for 34295 SE Rainbow Rd
- Sale History
- Tax History
$267/sq ft
$355/sq ft
$40/sq ft
Public record
- Public record
- Zoning
TBR
Timber District
Timber District (TBR) is adopted to implement the policies of the Comprehensive Plan for Forest and Agriculture areas.Include but are not limited to:
- Agriculture
- Processing
- Recreation
Property details
Parking
- Parking Information
- Parking Features: Parking Pad
Interior
- Appliances
- Appliances: Free-Standing Range, Free-Standing Refrigerator
- Hot Water Description: Electricity, Tank
- Interior Features
- Interior Features: Laminate Flooring, Skylight(s)
- Fireplace YN: Yes
- Fireplaces Total: 1
- Fireplace Features: Wood Burning
- Window Features: Wood Frames
- Bathroom Information
- Bathrooms Full: 1
- Bathrooms Full Main Level: 1
- Bathrooms Total Integer: 1
- Bathrooms Total Main Level: 1
- Baths Total: 1
- Room 7 Information
- Description: 2nd Bedroom
- Level: Main
- Room 9 Information
- Description: Dining Room
- Level: Main
- Room 10 Information
- Description: Family Room
- Room 11 Information
- Description: Kitchen
- Level: Main
- Room 12 Information
- Description: Living Room
- Level: Main
- Room 13 Information
- Description: Primary Bedroom
- Level: Main
- Room 14 Information
- Description: Great Room
Exterior
- Exterior Features
- Roof: Composition, Shingle
- Exterior Features: Deck
- Exterior Description: Lap Siding, Wood Siding
- Unreinforced Masonry Bldg: No
- Waterfront Information
- Waterfront YN: Yes
- Waterfront Features: Creek
- Lot Information
- Lot Size Square Feet: 33,976
- Lot Size Range: 20,000 SqFt to .99 Acres
- Lot Size Acres: 0.78
- Lot Size: 20,000 SqFt to .99 Acres
- Lot Features: Level, Private, Private Road, Secluded
- Parcel Number: 00962453
- Parcel Number 2: 00962444
- Water Body Name: Eagle Creek
- Road Surface Type: Gravel, Road Splits Property
- Property Information
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Property Attached YN: No
- Property Condition: Fixer
- Main Level Area Total: 704
- View YN: Yes
- View Description: Creek/Stream, Trees/Woods
- Building Information
- Year Built: 1956
- Building Area Total: 704
- Building Area Description: Trio
- Building Area Calculated: 704
- Foundation Details: Pillar/Post/Pier
Financial
- Tax Information
- Tax Year: 2025
- Tax Legal Description: SECTION 28 TOWNSHIP 3S RANGE 5E QUARTER C TAX LOT 02700
- Tax Annual Amount: $1,663.94
- Lease / Rent Information
- Land Lease YN: No
Utilities
- Utility Information
- Green Certification YN: No
- Fuel Description: Electricity, Wood Burning
- Water Source: Spring
- Sewer: Septic Tank
- Heating & Cooling
- Heating YN: Yes
- Heating: Baseboard, Wood Stove
- Cooling YN: No
Location
- School Information
- Elementary School: River Mill
- Middle Or Junior School: Estacada
- High School: Estacada
- Location Information
- Directions: SE George Rd to SE Rainbow Rd
- Unparsed Address: 34295 SE RAINBOW RD, Estacada, OR 97023
- Community Information
- Senior Community YN: No
Public facts
- Beds: 2
- Baths: 1.0
- Sq. Ft.: 704
- Stories: 1.0
- Lot Size: 0.35 acres
- Style: Single Family Residential
- Year Built: 1956
- Year Renovated: —
- County: Clackamas County
- APN: 00962453
Other
- Listing Information
- MlsStatus: Sold
- Listing Price Information
- Price Type: List Price
- New Construction Information
- New Construction YN: No
Around this home
Schools
Public K-5 • Assigned • 6.5mi
Public 6-8 • Assigned • 6.3mi
Public 9-12 • Assigned • 6.3mi
Climate risks
Estimated 80%+ chance of a flood reaching the building in the next 30 years
0.00% chance of being in a wildfire in next 30 years
7 days above 87° expected this year, 16 days in 30 years
Minimal risk of severe winds over next 30 years
10 unhealthy days expected this year, 12 days in 30 years
Sun exposure
Good sunlight
SunscoreThere appears to be minimal shading by surrounding buildings, terrain, and vegetation.
Nearby similar homes
New listings for sale in 97023
Home values near 34295 SE Rainbow Rd
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | - Sq. Ft. | $452,009 |
3 Beds | 3 Baths | 3380 Sq. Ft. | $654,054 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 2126 Sq. Ft. | $661,625 |
2 Beds | 1 Baths | 896 Sq. Ft. | $357,546 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1404 Sq. Ft. | $492,617 |
1 Beds | 1 Baths | 965 Sq. Ft. | $341,008 |
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