3.5 miles from Waldport along the Alsea River Highway. Private neighborhood with a perfect cottage on large .69 acre lot. Spend summer days fishing the Alsea or crabbing at the coast. Expansive outdoor spaces includes large yard for outdoor games and a great fire pit for evenings around the campfire. Cottage has 1BD with a large utility room that functions as a second bedroom/sleeping porch. Large family room with a cozy propane fireplace. Additional lot next door is also available for purchase and listed together under ML#437208205
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.
Year
Property tax
Land + Additions
Assessment*
2025
$1,596 (+6.9%)
2024
$1,493 (+3.0%)
2023
$1,450 (+3.6%)
2022
$1,400 (+2.5%)
2021
$1,366 (+1.8%)
2020
$1,342 (+3.9%)
2019
$1,292 (+1.6%)
2018
$1,272 (+3.8%)
2017
$1,225 (+4.8%)
2016
$1,169 (+21.9%)
2015
$959 (+3.9%)
2014
$923
Public record
Public record
Permits
Beds
1
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
0.69 Acres
Year renovated
—
Finished Sq. Ft.
780
Unfinished Sq. Ft.
—
Total Sq. Ft.
780
Year built
1965
Style
Other
County
Lincoln County
APN
R448029
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Dec 27, 2025.
Jan 20, 2015 • Final
Residential mechanical
Install a gas line for a propane stove.
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
9 days above 81° expected this year, 22 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
10 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Waldport, OR • 97394
Average low and high temperatures (°F)
53
40
52
40
54
43
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43
60
47
63
50
66
52
68
55
66
53
62
48
55
45
54
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 131 E Rainbow Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $323,000 and $449,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $323K to $449K.