Listing provided courtesy of Blum Real Estate, LLC- MLS# 220209645
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4698 Wallace Road NWSalem, OR 97304
Single Family · 4 Beds · 5 Full Baths · 2 Half Baths · 5,795 Sq. ft. | 19.05 Acres$2,500,000
Active
4698 Wallace Road NW Overview
- Time on Site:
- 280 days
- Visits:
- 5
Rare Riverfront Property - Welcome to River Cove Farm! Nestled in the heart of Willamette Valley wine country & just minutes from downtown Salem, this one-of-a-kind estate offers a rare blend of lush acreage, Willamette River frontage, & breathtaking views. A gated entry opens to a long, paved driveway leading to this gorgeous Georgian-style home, which exudes elegance throughout. Spanning 19.05 acres, the property also has a cottage, barn, pastures, fruit trees, private beach & cove! The main level primary suite features a cozy fireplace and ensuite bathroom, ensuring comfort and luxury. A library with built-ins and a majestic living room provide stunning views. The elegant kitchen and formal dining room are perfect for hosting memorable gatherings. The expansive game/recreation room includes a kitchenette and full bathroom, ideal for entertaining guests. Enjoy the tranquility of the Willamette River frontage, complete with a private beach and a cove for boat tie-up.
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4698 Wallace Road NW Facts & Features
- Type Single Family
- Sq. ft. 5,795
- Price/Sq.ft. $431
- Lot 19.05 Acres
Details
General
Association/HOA
- Association: false
School Information
- Elementary School: Brush College Elem
- Middle Or Junior School: Straub Middle
- High School: West Salem High
Building Information
- New Construction: false
- Year Built: 1998
Location/Region
- County Or Parish: Polk
- Subdivision Name: N/A
Tax Information
- Tax Annual Amount: 9043.0
- Tax Year: 2024
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: 266024
- Property Sub Type: Single Family Residence
- Property Type: Residential
- Senior Community: false
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage Spaces: 2.0
- Garage: true
Beds/Baths
- Bathrooms Full: 5
- Bathrooms Half: 2
- Bathrooms Total: 7
- Bedrooms Total: 4
Building Interior
- Building Area Total: 4675.0
General Information
- Common Walls: No Common Walls
- Fireplace Features: Propane,Wood Burning
- Fireplace: true
- Flooring: Carpet,Hardwood,Laminate,Tile
- Foundation Details: Stemwall
- Interior Features: Kitchen Island,Linen Closet,Pantry,Primary Downstairs,Soaking Tub,Walk-In Closet(s)
- Levels: Two
- Living Area: 5795.0
- Living Area Source: Assessor
Exterior
Parking Information
- Parking Features: Concrete,Driveway,Gated
Lot Information
- Additional Parcels: false
- Lot Features: Garden,Landscaped,Pasture,Sloped
- Lot Size Acres: 19.05
- Lot Size Area: 19.05
- Lot Size Square Feet: 829818.0
- Lot Size Units: Acres
- Road Surface Type: Paved
- Water Source: Well
Waterfront/View
- View: River
- Waterfront Features: River Front
- Waterfront: true
Building Exterior/Construction
- Architectural Style: Colonial
- Attached Garage: false
- Roof: Composition
General Information
- Other Structures: Barn(s),Guest House,Poultry Coop
- Sewer: Septic Tank
4698 Wallace Road NW Neighborhood
Community
97304 (Salem) Demographics
41
Median Age
570
Population Density (per sq. mile)
48%
College Educated
$74,583
Estimated Median Income
8,303
Estimated Total Home Owners
4,290
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.4698 Wallace Road NW Monthly Cost
4698 Wallace Road NW Market Data
Based on the last 30 days in this zip code
$653,953
Average List Price
$274
Average Price per Square Foot
47
Properties Sold
95
Average Days on Market
284
Properties for Sale
4698 Wallace Road NW History
| Date | Value | Agent |
|---|---|---|
| 9/23/2025Source: Oregon Datashare | September 23, 2025 |