4698 Wallace Road NW Salem, OR $ 2,500,000
4698 Wallace Road NW
$ 2,500,000
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4698 Wallace Road NW

Salem, OR, 97304
$ 2,500,000
Bedrooms4 Baths5.2 Sq 5,795

Monthly Estimate*

$ 15,597

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View a Virtual Tour

Single Family Home for sale in Salem, OR

for $2,500,000 with 4 bedrooms and 5 full baths, 2 half baths. This 5,795 square foot home was built in 1998 on a lot size of 19.05.

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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Single Family Active

Price

$ 2,500,000

Bedrooms

4

Full Bath

5

Half Bath

2

Property Type

Single Family

Taxes

$ 9,043

Style

Colonial

Lot Size

19.05

Year Built

1998

Town/City

Salem

County/Region

Polk

MLS | Web ID

220209645

Features
Interior
Interior Amenities Kitchen Island Linen Closet Pantry Primary Downstairs Soaking Tub Walk-In Closet(s)
Flooring Carpet Hardwood Laminate Tile
Fireplace Features Propane Wood Burning
Common Walls No Common Walls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 2
Total Bedrooms 4
Total Baths 7
Heating-Hot Water True
Heating-Heat Pump True
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General
Sewer Septic Tank
Heating Electric Heat Pump Hot Water Solar
Cooling Heat Pump
Roof Composition
Garage Spaces 2.0
Architectural Style Colonial
Year Built 1998
View River
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
Waterfront Features River Front
County Polk
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name N/A
Garage Y/N Y
Other Structures Barn(s) Guest House Poultry Coop
Full Baths 5
Status Active
High School West Salem High
City Salem
Senior Community Y/N N
Zoning Description EFU
Lot Size Units Acres
Lot Size Square Feet 829818.0
Carport Y/N N
Elementary School Brush College Elem
Land Lease Y/N N
Tax Annual Amount 9043.0
Home Warranty Y/N N
Middle/Junior High School Straub Middle
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://visithome.ai/YmXcGy5gnDawAWGxZbUwgJ?mu=ft
Standard Status Active
Tax Lot M&B
Heating-Solar True
Accessory Dwelling Unit Y/N Y
Accessory Dwelling Unit Permitted N
Accessory Dwelling Unit SqFt 1120.0
Accessory Dwelling Unit Type Detached
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Exterior
Parking Features Concrete Driveway Gated
Lot Features Garden Landscaped Pasture Sloped
Water Source Well
Lot Size Area 19.05
Foundation Details Stemwall
Spa N
Building Area Total 4675.0
Lot Size Acres 19.05
Road Surface Type Paved
Waterfront Y/N Y
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4698
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* Excluded Features
List By
Troy A Blum

Listing Agent

Blum Real Estate, Llc

Broker

troy@blumre.com

Email

Affordability Calculator

$16,350
Per Month
95%
5%
0%
Monthly Principal & Interest
$15,597
Monthly Property Taxes
$754
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5098648 Elementary School
5098647 Middle School
West Salem High High School
Pricing History
DatePricePrice ChangeDescription
9/23/2025$2,500,000 Listed Price

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4698 Wallace Road NW, Salem, OR, 97304 is a Single Family Home for sale at $2,500,000 with 5,795 sqft and a lot size of 19.05. 4698 Wallace Road NW has 4 bedrooms, 5.2 baths, and was built in 1998. The property's zip code is 97304 which is in Salem, OR