4698 Wallace Rd NW NW, Salem, OR 97304
4698 Wallace Rd NW NW, Salem, OR 97304
4698 Wallace Rd NW NW, Salem, OR 97304
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Listed by GLADYS BLUM • BLUM REAL ESTATE • Direc: 503-485-1900
$2,500,000
Est. payment /mo
4 Beds
6.5 Baths
4,675 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,675 sqft

Price per Sqft $534

MLS Listing ID 828382

Bedrooms 4

Full Baths 5

Half Baths 2

Year Built 1998

Annual Tax Amount $9,043

Tax Year 2024

Lot Size 19.050 Acres

Acres 19.05

Property Sub-Type Residence

Property Description

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.

Location

State OR

County Polk

Area 60 Northwest Salem

Rooms

Family Room 29x14.3

Other Rooms Mudroom, Office, Rec Room

Primary Bedroom Level 1/Main

Dining Room Area (Combination), Formal

Kitchen 22x14

Interior

Hot Water Electric

Heating Electric, Solar, Heat Pump, Hot Water

Cooling Electric, Solar

Flooring Carpet, Laminate, Tile, Wood

Fireplaces Type Living Room, Other Room, Propane, Wood

Inclusions Refrig&Freezer in main house, wash/dry, window trt

Exterior

Parking Features Attached

Garage Spaces 2.0

Fence Yes

View Mountain, Territorial, Water Frontage

Roof Type Composition

Garage Yes

Building

Foundation Continuous

New Construction No

Schools

Middle Schools Straub

High Schools West Salem

Others

Senior Community No

Acceptable Financing Cash, Conventional, Federal VA, ODVA

Listing Terms Cash, Conventional, Federal VA, ODVA

Virtual Tour https://www.youtube.com/watch?v=mNTaQosx4jk


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Samantha Alley

Samantha Alley

+1(541) 918-5041

Listing Specialist and Principal Broker | License ID: 941000189 | RE/MAX INTEGRITY

Listing Specialist and Principal Broker License ID: 941000189 | RE/MAX INTEGRITY

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