This home's estimate is 51.9% higher than the average sale price ($854K) of 6 comparable homes.
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- Sale & tax history
- Property details
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- Climate
21575 SE Rainbow Hill Dr, Sandy, OR 97055
About this home
One of a kind property on 40 incredible acres. This property was custom built with 3 separate living quarters and a 4th Studio. Easily combined to be a custom single-family home but as it sits, you can live in the main 3 bedroom house and rent out the other units and cover almost your entire mortgage. There is a horse barn/outbuilding and horse pens as well. Timber is valued at approximately $133k. Too many possibilities to name with this unique property.

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Market trends in 97055, OR
Last updated July 2026
Buyer's Market
Seller's Market
Seller's market
0.0% MoM
- OPEN SUN, 1PM TO 3PM$1,699,0004 beds5 baths4,414 sq ft37363 SE Hauglum Rd, Sandy, OR 97055Adrian Olmstead • Cascade Hasson Sotheby's International Realty
- 3D WALKTHROUGH$1,200,0005 beds4 baths3,738 sq ft58945 E Highway 26, Sandy, OR 97055Rachel Delavan • Delavan Realty Inc
- OPEN SUN, 1PM TO 3PM$545,0003 beds2 baths1,248 sq ft55964 E Highway 26, Sandy, OR 97055Simone Gettle • Keller Williams Realty Portland Elite
- 3D WALKTHROUGH
- REDFIN OPEN TODAY, 11AM TO 1PM
- $459,9002 beds2 baths1,403 sq ft23320 SE Firwood Rd, Sandy, OR 97055Melissa Hill • Premiere Property Group LLC
- VIDEO TOUR$1,150,0005 beds3 baths3,758 sq ft44174 SE Pagh Rd, Sandy, OR 97055Natasha Ochs • HomeSmart Realty Group
- 3D WALKTHROUGH$519,0003 beds2 baths1,425 sq ft41800 SE Coalman Rd, Sandy, OR 97055Gary Eckdahl • Bella Casa Real Estate Group
- $1,800,0005 beds4 baths3,620 sq ft61216 E Highway 26, Sandy, OR 97055Cassandra Skelley • PDX Dwellings LLC
- OPEN TODAY, 2PM TO 4PM
See all
Provided by Redfin
Redfin agents who toured
- Two houses, stacked. Bothe have large living rooms open to kitchens. Other small apartment carved into the home as well. Acreage is not level, although there are areas that are more level than others. Barn needs work, geo dome? maybe it’s still...usable, but it is just a shell. Berry vine is almost everywhere.6 years ago• May not reflect the current state of the homeRedfin agent
Sale history for 21575 SE Rainbow Hill Dr
$139/sq ft
$145/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
- Public record
- Zoning
AGF
AG/Forest District
AG/Forest District (AG/F) is adopted to implement the policies of the Comprehensive Plan for Forest and Agriculture areas.Include but are not limited to:
- Agriculture
- Processing
- Infrastructure
- Fire house
- Recreation
- Communications tower
Property details
Parking
- Parking Information
- Parking Features: RV Access/Parking
- Parking Total: 1
- Garage Information
- Garage Type: Attached
- Garage Spaces: 1
- Has Attached Garage: Yes
Interior
- Appliances
- Appliances: Dishwasher
- Hot Water Description: Electricity
- Interior Features
- Interior Features: Washer/Dryer
- Fireplace YN: Yes
- Fireplaces Total: 3
- Fireplace Features: Stove, Wood Burning
- Bathroom Information
- Bathrooms Full: 6
- Bathrooms Full Main Level: 3
- Bathrooms Full Upper Level: 3
- Bathrooms Total Integer: 6
- Bathrooms Total Main Level: 3
- Bathrooms Total Upper Level: 3
- Baths Total: 6
- Room 7 Information
- Description: 2nd Bedroom
- Room 8 Information
- Description: 3rd Bedroom
- Room 9 Information
- Description: Dining Room
- Room 10 Information
- Description: Family Room
- Room 11 Information
- Description: Kitchen
- Room 12 Information
- Description: Living Room
- Room 13 Information
- Description: Primary Bedroom
- Level: Upper
- Room 14 Information
- Description: Great Room
Exterior
- Exterior Features
- Roof: Composition
- Exterior Features: Barn(s)
- Exterior Description: Other
- Waterfront Information
- Waterfront YN: Yes
- Waterfront Features: Creek
- Lot Information
- Lot Size Square Feet: 1,742,400
- Lot Size Range: 20 to 49.99 Acres
- Lot Size Acres: 40
- Lot Size: 20 to 49.99 Acres
- Lot Features: Wooded
- Parcel Number: 00697641
- Road Surface Type: Gravel
- Property Information
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Property Attached YN: No
- Property Condition: Approximately
- Upper Level Area Total: 2,680
- Main Level Area Total: 1,980
- View YN: Yes
- View Description: Trees/Woods
- Building Information
- Year Built: 1979
- Building Area Total: 4,660
- Building Area Description: Public
- Building Area Calculated: 4,660
- Foundation Details: Concrete Perimeter
Financial
- Tax Information
- Tax Year: 2018
- Tax Legal Description: SECTION 27 TOWNSHIP 2S RANGE 5E TAX LOT 00600
- Tax Annual Amount: $5,357.72
Utilities
- Utility Information
- Green Certification YN: No
- Fuel Description: Electricity
- Water Source: Well
- Sewer: Septic Tank
- Heating & Cooling
- Heating YN: Yes
- Heating: Heat Pump
- Cooling YN: Yes
- Cooling: Heat Pump
Location
- School Information
- Elementary School: Firwood
- Middle Or Junior School: Cedar Ridge
- High School: Sandy
- Location Information
- Directions: US-26 E, R onto SE Rainbow Rd,Gravel road to the Y & make a R at the Y. House past the gates
- Unparsed Address: 21575 SE RAINBOW HILL DR, Sandy, OR 97055
- Community Information
- Senior Community YN: No
- Zoning: AGF
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Single Family Residential
- Year Built: —
- Year Renovated: —
- County: Clackamas County
- APN: —
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 • 2.1mi
Public 6-8 • Assigned • 4.9mi
Public 9-12 • Assigned • 5.5mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 88° expected this year, 15 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
In this area, properties receive around 9.9 hours in June and 2 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 97055
Home values near 21575 SE Rainbow Hill Dr
| Address | Redfin Estimate |
|---|---|
- Beds | 3 Baths | 1775 Sq. Ft. | $697,315 |
2 Beds | 1 Baths | 969 Sq. Ft. | $74,983 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 3 Baths | 1968 Sq. Ft. | $763,668 |
3 Beds | 3 Baths | 3208 Sq. Ft. | $676,083 |
| Address | Redfin Estimate |
|---|---|
5 Beds | 8 Baths | 5091 Sq. Ft. | $1,725,705 |
2 Beds | 1 Baths | 980 Sq. Ft. | — |
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