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531 N Bridgeton Rd Slip 2, Portland, OR, 97217

1beds
1baths
720sqft
$225,000
$313price/sqft
$1,553/moest. monthly cost
$62,120/yrincome needed

About This Home

Floating home on one of the most entertaining sections of the Columbia River. Enjoy watching people paddle and boat by your house in a no wake zone that is actually observed! This very cute, 1-bedroom 1-bathroom floating house is one of the very few waterfront homes available anywhere in or near Portland under $300,000. The deck has a gazebo that gives you a shaded, cool spot for watching the traffic and wildlife. A step down on the water's edge makes it easy to get into and out of kayaks. There is an area in the deck for keeping a boat there easily.The windows and French doors on the side of the house with the deck are very high quality and have built-in blinds. The kitchen is roomy and open to the living room which has plenty of space for a desk and home office.The bedroom and living room both have their own mini-split system heads for heating and cooling. The bathroom has modern, bold cabinets and room for a stacked water and dryer.Schedule a showing of this waterfront property today!

Getting Around

29
WalkingCar-Dependent
45
TransitSome Transit
49
BikeSomewhat Bikeable

Schools

6/10
Faubion Elementary SchoolGrades PK-82.9 mi
5/10
Jefferson High SchoolGrades 9-122.9 mi
2/10
Roosevelt High SchoolGrades 9-123.4 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2001

Materials

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

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Basement: None

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s)

Heating

  • Heating features: Mini Split

Interior Area

  • Total structure area: 720
  • Total interior livable area: 720 sqft

Living Room

  • Features: Ceiling Fan
  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: Not Found

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes
  • View description: River
  • Has water view: Yes
  • Water view: River
  • On waterfront: Yes
  • Waterfront features: River Front
  • Waterbody name: Columbia River

Lot

  • Features: Flood Zone,Level,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
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Ice Storm
Cold Wave
Heat Wave
Strong Wind

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 $1,137$13,644
Home Insurance *$49$588
Property Taxes $191$2,292
Electricity $176$2,119
Total$1,553$18,636
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$53,245/yr
40% on housing$46,590/yr
45% on housing$41,413/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

$313This listing

vs Other Active Listings

Avg $/sqft

ZIP 97217$225
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)

Price History

DateEventPrice
2026-06-25Listed for sale$225,000
2016-05-27Listing removed$195,000
2016-04-10Listed for sale$195,000

For Sale by Agent

AgentJohn McPherson
BrokeragePremiere Property Group, LLC

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