4698 Wallace Rd NW, Salem, OR 97304
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
Price summary
- Price:$2,500,000
- Price per sq. ft.:$534.76
About this home
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....
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Home facts
- Year built:1998
- Listing ID #:828382
- Added:427 day(s) ago
- Updated:June 24, 2026 at 03:30 PM
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
Based 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 KnipeNew listings near 4698 Wallace Rd NW
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