4698 Wallace Road Nw, Salem, OR 97304

Salem
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
4698 Wallace Road Nw,Salem, OR 97304
$2,500,000
Virtual Tour
  • 4 Beds
  • 7 Baths
  • 4,675 sq. ft.
  • Single family
  • Active
Listed by: troy a blum
Office: blum real estate, llc.
MLS#:220209645
Source:OR_SOMLS

Price summary

  • Price:$2,500,000
  • Price per sq. ft.:$534.76

About this home

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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Home facts

  • Year built:1998
  • Listing ID #:220209645
  • Added:58 day(s) ago
  • Updated:March 29, 2026 at 02:36 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:7
  • Full bathrooms:5
  • Half bathrooms:2
  • Flooring:Carpet, Hardwood, Laminate, Tile
  • Bathrooms Description:Soaking Tub
  • Bedroom Description:Primary Downstairs
  • Living area:4,675 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Electric, Heat Pump, Hot Water, Solar

Structure and exterior

  • Roof:Composition
  • Year built:1998
  • Building area:4,675 sq. ft.
  • Lot area:19.05 Acres
  • Lot Features:Garden, Landscaped, Pasture, Sloped
  • Architectural Style:Colonial
  • Foundation Description:Stemwall
  • Levels:2 Story

Schools

  • High school:West Salem High
  • Middle school:Straub Middle
  • Elementary school:Brush College Elem

Utilities

  • Water:Well
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$2,500,000
  • Price per sq. ft.:$534.76
  • Tax amount:$9,043 (2024)

Parking

  • Parking description:Concrete, Driveway, Gated
  • Garage:Yes
  • Garage spaces:2

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