12800 NW Marina Way Unit 3, Portland, OR, 97231
About This Home
Fisherman’s and water enthusiast’s paradise. This one-of-a-kind floating home at the iconic Fred’s Marina offers a rare combination of privacy, functionality, and value, unbelievably priced at just over $400,000. Ideally located near the mouth of the Willamette River, on the Multnomah Channel, just south of the Sauvie Island Bridge, the property delivers a peaceful, country-like setting while remaining only minutes from Portland. This custom-built home spans over 3,000 square feet and sits on an oversized, 4 rated concrete float that will last more than a lifetime, providing long-term financeability, durability and confidence in future resale value. The home features 2 bedrooms and 2 bathrooms, with an enormous amount of additional space that can easily be configured to accommodate more bedrooms or bathrooms if desired. A propane generator is also installed, capable of powering the entire home in the event of a power outage, providing added reliability and peace of mind. Perfectly suited for a fishing guide seeking a private, business-friendly retreat, an investor seeking a unique waterfront asset with strong long-term potential, or for anyone who values space, serenity, and a true connection to the river - without the traditional density of neighboring floating homes directly next door to you. An incredible riverfront home that combines lifestyle, value, and views in one unforgettable package!
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1993
Materials
- Roof: Metal
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Residential
Interior
Appliances
- Appliances included: Built In Oven,Built-In Range,Cooktop,Dishwasher,Disposal,Double Oven,Free-Standing Refrigerator,Microwave,Trash Compactor,Electric Water Heater
- Laundry features: Laundry Room
Bedroom2
- Features: Wallto Wall Carpet
- Level: Main
- Area: 204
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Dining Room
- Level: Main
- Area: 224
Features
- Central Vacuum,High Ceilings,Built-in Features,Sink,Pantry,Wet Bar,Bathroom,Walk-In Closet(s),Walkin Shower
- Window features: Double Pane Windows,Vinyl Frames
- Flooring: Vinyl,Wall to Wall Carpet
Heating & Cooling
- Heating features: Forced Air,Heat Pump
- Cooling features: Heat Pump
Interior Area
- Total structure area: 3,004
- Total interior livable area: 3,004 sqft
Kitchen
- Features: Dishwasher, Microwave, Pantry, Trash Compactor,Builtin Oven, Double Oven, Free Standing Refrigerator, Vinyl Floor
- Level: Main
- Area: 182
Living Room
- Features: Deck,Wallto Wall Carpet, Wet Bar
- Level: Main
- Area: 513
Master Bedroom
- Features: Bathroom,Jetted Tub, Walkin Closet, Walkin Shower, Wallto Wall Carpet
- Level: Upper
- Area: 361
Office
- Features: Builtin Features
- Level: Upper
- Area: 156
Property
Details
- Parcel number: Not Found
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered Deck,Deck,Patio,Porch
- Exterior features: Dock
- Has spa: Yes
- Spa features: Bath
- Has view: Yes
- View description: Mountain(s),River,Trees/Woods
- Has water view: Yes
- Water view: River
- On waterfront: Yes
- Waterfront features: River Front,Stream
- Waterbody name: Multnomah Channel
Lot
- Features: Private,Secluded,Trees,SqFt 0K to 2999
Parking
- Parking features: Off Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Multnomah County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,098 | $25,176 |
| Home Insurance * | $95 | $1,140 |
| Property Taxes | $352 | $4,224 |
| Electricity | $272 | $3,271 |
| Total | $2,817 | $33,804 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-01 | Listed for sale | $415,000 |
View on Zillow