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4698 Wallace Road NW

Salem, OR 97304
  • $2,500,000
  • STATUS: Active
  • ON SITE: 231 Days
  • MLS #: 220209645
UPDATED: 148 min ago
$2,500,000
  • 4
    BEDS
  • 19.05
    ACRES
  • 5
    BATHS
  • 2
    1/2 BATHS
  • 5,795
    SQFT
  • $431
    $/SQFT
Neighborhood:
N/A
Type:
Single-Family Home
Built:
1998
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Blum Real Estate, LLC :.

Description

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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Central Oregon Association of Realtors logo © 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than High Desert Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of High Desert Realty. Data last updated: .2026-05-12T23:43:46.41
www.bendoregonrealestate.com/homes/168179054
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4698 Wallace Road NW Salem, OR 97304

  • Price: $2,500,000
  • Status: Active
  • On Site: 231 Days
  • Updated: 148 min ago
  • MLS #: 220209645
4
Beds
5
Baths
2
½ Baths
19.05
Acres
5,795
SQFT
$431
$/SQFT
1998
Built
Neighborhood:
N/A
County:
Polk
Area:
Salem
Elementary School:
Brush College Elem
Middle School:
Straub Middle
High School:
West Salem High
Property Description
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.
Exterior Features

Architectural Style Colonial Attached Garage YN No Body Type [] Construction Materials [] Exterior Features [] Foundation Details Stemwall Garage YN Yes Lot Features GardenLandscapedPastureSloped Parking Features ConcreteDrivewayGated Roof Composition Window Features []

Interior Features

Appliances [] Basement [] Cooling Heat Pump Cooling YN Yes Dining Room Yes Family Room Yes Fireplace Features PropaneWood Burning Fireplace YN Yes Flooring CarpetHardwoodLaminateTile Heating ElectricHeat PumpHot WaterSolar Heating YN Yes Interior Features Kitchen IslandLinen ClosetPantryPrimary DownstairsSoaking TubWalk-In Closet(s) Kitchen Yes Laundry Yes Levels Two Living Room Yes Primary Bedroom Yes

Property Features

Accessibility Features [] Accessory Dwelling Unit YN Yes Additional Parcels YN No ADUPermitted YN Unknown ADUSq Ft 1120 ADUType Detached Association Amenities [] Association YN No Building Area Total 4675 CCRs YN No Common Walls No Common Walls Community Features [] Irrigation Source [] Listing Terms CashConventional New Construction YN No Other Structures Barn(s)Guest HousePoultry Coop Property Sub Type Single Family Residence Rented YN No Road Frontage Type [] Road Surface Type Paved Security Features [] Senior Community YN No Sewer Septic Tank Short Term Rental Permit YN No Special Listing Conditions Standard Tax Annual Amount 9043 Tax Year 2024 View River Water Source Well Waterfront Features River Front Waterfront YN Yes Zoning Description EFU

Listing information © 2026 MLS of Central Oregon
Listing provided courtesy of Blum Real Estate, LLC :.

Central Oregon Association of Realtors logo © 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than High Desert Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of High Desert Realty. Data last updated: .2026-05-12T23:43:46.41
 
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High Desert Realty
101 NE Greenwood Ave Suite 100
Bend OR, 97701
Listing provided courtesy of Blum Real Estate, LLC :.