4698 Wallace Rd NW

Salem, OR 97304
  • $2,500,000

    Price
  • 4

    Bed
  • 6.5

    Bath
  • 4,675

    SqFt

About the Listing 518 - 12430,719

Rare Riverfront Estate in the Heart of Wine Country...Welcome to River Cove Farm! Truly a one-of-a-kind riverfront estate in the Willamette Valley wine country, just minutes from downtown Salem. Set on 19.05 lush acres with Willamette River frontage and a private cove for boat tie-up, this gated property offers abundant privacy and natural beauty. Flexible living areas throughout the property are well-suited for remote work, multi-generational living, or simply spreading out in comfort. Nestled in Willamette Valley wine country, a long, paved driveway winds past pastures and fruit trees to a stately Georgian-style home that exudes timeless elegance from the moment you arrive. The floor plan is designed for comfort and versatility. The main-level primary suite creates a serene retreat with a cozy fireplace and an ensuite bath. Upstairs, additional bedrooms and two full bathrooms provide ample living space. A charming, third floor sun-filled loft with a large closet and half bath offers endless possibilities—ideal as a guest hideaway, children’s bunkroom, or hobby space.Thoughtfully appointed living spaces make this home perfect for both everyday living and special occasions. A refined library with built-ins and a majestic living room capture sweeping views of the grounds, while the elegant kitchen and formal dining room set the stage for memorable gatherings. A fully renovated, expansive recreation room with kitchenette and full bath, connected to the main house via a breezeway, can be used for entertaining or as an in-law unit. A standalone cottage with one bedroom plus an office offers even more dwelling options.Outdoors, the property is a true gardener’s and hobby farmer’s paradise. Relax on the spacious patio and take in the river views, or explore the pastures, fruit trees, and landscaped grounds. A large shop/barn supports a variety of projects, and the delightful, oversized chicken house—adorned with a school bell and accompanied by a fenced chicken yard—adds a touch of storybook charm. Children (and adults) will love ringing the bell when they find fresh eggs.River Cove Farm offers the best of both worlds: a serene, country setting and easy access to all the conveniences and cultural options of downtown Salem.

Listing Highlights

Status Active
Days on Site 446
Property Type Residential
MLS ® 828382
Year Built 1998
Total Square Footage 4,675
Lot/Acreage 19.05
County Polk
Building Name 35.4x19.4
Elementary School Brush College
Middle School Straub
High School West Salem

Interior Details

  • Bedrooms: 4
  • Bathrooms: 5 Full / 2 Half
  • Appliances: Yes, Electric, Gas, Propane, Built-in, Microwave Included, Convection
  • Air Cond: 1/Main
  • Heating: Electric,Solar,Heat Pump,Hot Water,1/Main
  • Fireplaces: Living Room,Other Room,Wood,Propane
  • Floor: Carpet,Wood,Tile,Laminate
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: Well

Exterior Details

  • Lot Description: Yes,Irregular
  • Garage Capacity: 2 car
  • Roof: Composition
  • Others: Front porch,Covered Deck,Covered Patio,Deck,Patio,Cedar,Lap
  • Sewer:
  • Parking Features: Attached,RV Parking

Financial Details

  • Tax Amount: $9,043
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2024

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4698 Wallace Rd NW Salem, OR 97304

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Hannah Fouts-Sparks

| Sparks Property Group: Your trusted Oregon realtors | SMI Real Estate

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