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580 N Tomahawk Island Dr, Portland, OR, 97217

2beds
1baths
1,252sqft
$320,000
$256price/sqft
$2,137/moest. monthly cost
$85,480/yrincome needed

About This Home

Rare opportunity to own one of only nine coveted corner slips in the Tomahawk Island Floating Home community with unobstructed western views and sweeping vistas of Portland Harbor. Positioned to capture incredible sunsets, open water, and an unmatched sense of privacy, this floating home offers a truly special waterfront setting. This moorage is also a certified Yacht Club w/ reciprical rights to yacht clubs world wide. Small community of 70 homes, pet friendly moorage with gated parking. The home itself will require improvements, including float work and interior updates, making this an ideal opportunity for buyers looking to renovate, reimagine, or create their own custom floating retreat. The real value lies in the ownership of this premier slip location — one of the best positions in the community.Features include expansive outdoor deck space, abundant natural light, and direct access to the unique floating home lifestyle just minutes from Portland amenities. Whether you envision a full restoration, modern redesign, or long-term investment, opportunities like this rarely come available in this moorage.Bring your vision and unlock the potential of this exceptional waterfront property.

Getting Around

36
WalkingCar-Dependent
45
TransitSome Transit
53
BikeBikeable

Schools

6/10
Faubion Elementary SchoolGrades PK-83.0 mi
5/10
Jefferson High SchoolGrades 9-123.0 mi
2/10
Roosevelt High SchoolGrades 9-123.4 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1960

Materials

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

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential

Interior

Appliances

  • Appliances included: Dishwasher,Free-Standing Range,Free-Standing Refrigerator,Washer/Dryer,Gas Water Heater,Tank Water Heater
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Other

Bedroom2

  • Features: Closet, Wallto Wall Carpet
  • Level: Main

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s),Closet
  • Window features: Aluminum Frames
  • Flooring: Laminate,Vinyl,Wall to Wall Carpet

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,252
  • Total interior livable area: 1,252 sqft

Kitchen

  • Features: Dishwasher,Free Standing Range, Free Standing Refrigerator
  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Features: Ceiling Fan,Closet
  • Level: Main

Property

Details

  • Parcel number: Not Found

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck
  • Exterior features: Dock
  • Has view: Yes
  • View description: River
  • Has water view: Yes
  • Water view: River
  • On waterfront: Yes
  • Waterfront features: River Front
  • Waterbody name: North Portland Harbo

Lot

  • Features: Flood Zone,SqFt 0K to 2999

Parking

  • Parking features: Off Street,Secured,Garage Available

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 $1,618$19,416
Home Insurance *$71$852
Property Taxes $272$3,264
Electricity $176$2,119
Total$2,137$25,644
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$73,268/yr
40% on housing$64,110/yr
45% on housing$56,986/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

$256This 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
2026-08-12Listed for sale$320,000
2026-08-06Pending sale$320,000
2026-05-20Listed for sale$320,000

For Sale by Agent

AgentKelly Monfort
BrokerageKeller Williams Premier Partners

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