4698 Wallace Rd NW, Salem, OR 97304

Salem
Local realty services provided by:Knipe Realty ERA Powered
Listed by: gladys blum, troy blumDirec: 503-485-1900
Office: blum real estate503-485-1900
MLS#:828382
Source:OR_WVMLS
4698 Wallace Rd NW,Salem, OR 97304
$2,500,000
Virtual Tour
  • 4 Beds
  • 7 Baths
  • 4,675 sq. ft.
  • Single family
  • Pending

Price summary

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

About this home

Accepted Offer with Contingencies. 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...

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Home facts

  • Year built:1998
  • Listing ID #:828382
  • Added:470 day(s) ago
  • Updated:August 15, 2026 at 08:57 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:7
  • Full bathrooms:5
  • Half bathrooms:2
  • Flooring:Carpet, Laminate, Tile, Wood
  • Dining Description:Combination Dining Area, Formal Dining Room, On Level 1
  • Kitchen Description:Dishwasher, Disposal, Microwave Included, On Level 1, Range: Built-In, Range: Convection, Range: Electric, Range: Gas, Range: Propane
  • Bedroom Description:Master Bedroom on Level 1
  • Living area:4,675 sq. ft.

Heating and cooling

  • 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:Irregular
  • Architectural Style:2 Story
  • Construction Materials:Cedar
  • Exterior Features:Covered Deck, Covered Patio, Deck, Fenced Yard, Patio, Underground Sprinkers
  • Foundation Description:Continuous

Schools

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

Utilities

  • Water:Well
  • Sewer:Septic

Finances and disclosures

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

Features and amenities

  • Amenities:Area/Room For RV, Electric Water Heater, Owned Security

Parking

  • Parking description:Attached Garage
  • Garage spaces:2
MLS LogoBased on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. OR_WVMLS Member Broker: Jeff Knipe

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