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414 N Tomahawk Island Dr, Portland, OR, 97217

2beds
2baths
1,866sqft
$479,900
$257price/sqft
$3,115/moest. monthly cost
$124,600/yrincome needed

About This Home

Tucked into a protected inner slip, this floating home offers the quieter side of river life — calmer water, daily wildlife sightings, and peaceful mornings that begin with coffee on the deck and a paddleboard launch from your own backyard. Designed for comfortable full-time living, this home offers space to truly settle in — not just visit for the season.Located in one of Portland’s most desirable moorages, Tomahawk Floating Home Community, this 1,866 sq ft, 2-bedroom, 2-bath home combines flexibility, connection to nature, and slip ownership included.The main level features bamboo floors, exposed wood beams, and a gas fireplace anchoring the living space. The kitchen offers granite countertops, stainless steel appliances, generous storage, and river views while you cook. Sliding doors open to a spacious float deck- perfect for outdoor dining, fishing, kayaking, or mooring your boat just steps from your back door.Upstairs, a second living area with wood plank ceilings, gas fireplace, and wet bar creates ideal separation for guests, media, or quiet retreat. The wraparound upper deck captures sweeping 180-degree views, including Mt. Hood to the east. The primary suite offers ample closets and an ensuite bath.Three mini-splits provide year-round comfort. Metal roof for peace of mind,. Float rebuilt in 2014 with a #4 float score in 2022.As summer approaches, this is the time to get settled in for long evenings on the water — boating, paddleboarding, and dining at the Island Café just a five-minute paddle away. Yet you’re only 12 minutes to downtown Portland’s coffee shops, food carts, and boutiques, and approximately 15 minutes to PDX. BONUS: This moorage is an official yacht club, offering reciprocal privileges at yacht clubs around the world — extending your waterfront lifestyle well beyond Portland.Offered at $485,000, this is an opportunity to live on the river year-round while being perfectly positioned to enjoy every warm, golden summer day ahead.

Getting Around

30
WalkingCar-Dependent
43
TransitSome Transit
51
BikeBikeable

Schools

6/10
Faubion Elementary SchoolGrades PK-82.9 mi
5/10
Jefferson High SchoolGrades 9-123.0 mi
2/10
Roosevelt High SchoolGrades 9-123.5 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1979

Materials

  • Foundation: Other
  • Roof: Metal
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Custom Style
  • Property subType: Residential

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Free-Standing Range,Free-Standing Refrigerator,Plumbed For Ice Maker,Range Hood,Stainless Steel Appliance(s),Washer/Dryer,Gas Water Heater
  • Laundry features: Laundry Room

Basement

  • Basement: None

Bedroom2

  • Features: Ceiling Fan,Bamboo Floor, Closet
  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1

Dining Room

  • Features: Kitchen Dining Room Combo,Bamboo Floor
  • Level: Main

Family Room

  • Features: Ceiling Fan, Fireplace, Sliding Doors,Wet Bar
  • Level: Upper

Features

  • Ceiling Fan(s),Shower,Closet,Kitchen Dining Room Combo,Wet Bar,Kitchen Island,Beamed Ceilings,Sunken,Bathtub With Shower
  • Door features: Sliding Doors
  • Window features: Vinyl Frames
  • Flooring: Engineered Hardwood,Bamboo,Vinyl
  • Number of fireplaces: 2
  • Fireplace features: Gas
  • Fireplace: Yes

Heating

  • Heating features: Mini Split,Fireplace(s)

Interior Area

  • Total structure area: 1,866
  • Total interior livable area: 1,866 sqft

Kitchen

  • Features: Dishwasher, Island, Kitchen Dining Room Combo,Bamboo Floor, Free Standing Range, Free Standing Refrigerator, Plumbed For Ice Maker
  • Level: Main

Living Room

  • Features: Beamed Ceilings, Fireplace, Sliding Doors,Sunken, Vinyl Floor
  • Level: Main

Master Bedroom

  • Features: Ceiling Fan, Sliding Doors,Bathtub With Shower, Closet, Ensuite
  • Level: Upper

Property

Details

  • Parcel number: Not Found

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck,Porch
  • Exterior features: Dock
  • Has view: Yes
  • View description: River,Territorial
  • Has water view: Yes
  • Water view: River
  • On waterfront: Yes
  • Waterfront features: River Front
  • Waterbody name: Columbia River

Lot

  • Lot size: 2,400 sqft
  • Features: Flood Zone,Gated,Level,SqFt 0K to 2999
  • Lot size dimensions: 40 x 60

Parking

  • Parking features: Off Street,Secured

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
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Heat Wave
Ice Storm

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $2,426$29,112
Home Insurance *$106$1,272
Property Taxes $407$4,884
Electricity $176$2,119
Total$3,115$37,380
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$106,800/yr
40% on housing$93,450/yr
45% on housing$83,066/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

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.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$257This listing

vs Other Active Listings

Avg $/sqft

ZIP 97217$224
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97217$279
Multnomah County$288

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)

No zestimate history available

Price History

DateEventPrice
2026-02-28Listed for sale$485,000
2026-02-06Listing removed$485,000
2025-06-12Listed for sale$485,000
2020-07-09Sold$350,000
2020-06-01Pending sale$385,000
2020-05-23Price change$385,000
2020-02-25Listed for sale$399,000
2019-11-16Listing removed$420,000
2019-07-08Price change$420,000
2019-06-27Price change$434,500
2019-05-19Price change$452,500
2019-05-01Price change$470,000
2019-02-02Listed for sale$483,000

For Sale by Agent

AgentKelly Monfort
BrokerageKeller Williams Premier Partners

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