4698 Wallace Road NW, Salem, OR 97304
$2,500,000
Property Type:
Residential
Bedrooms:
4
Baths:
7
Square Footage:
4,675
Lot Size (sq. ft.):
829,818
Status:
Pending
Current Price:
$2,500,000
List Date:
9/23/2025
Last Modified:
8/04/2026
Overview
Description
Listing Details MLS# 220209645
General Property Information
- Property Sub Type
- Single Family Residence
- Bedrooms Total
- 4
- Bathrooms Total
- 7
- Bathrooms Full
- 5
- Bathrooms Half
- 2
- Garage YN
- Yes
- Garage Spaces
- 2
- Total Living Area SqFt
- 5795
- Main House SqFt
- 4675
- SqFt Source
- Assessor
- Year Built
- 1998
- Accessory Dwelling Unit YN
- Yes
- ADU Type
- Detached
- ADU SqFt
- 1120
- ADU Permitted YN
- Unknown
- Rented YN
- No
- Short Term Rental Permit YN
- No
- New Construction YN
- No
- Elementary School
- Brush College Elem
- Middle Or Junior School
- Straub Middle
- High School
- West Salem High
- Zoning
- EFU
- Tax Annual Amount
- 9043
- Tax Year
- 2024
- CC&R's YN
- No
- Association YN
- No
- Senior Community YN
- No
- Preferred Escrow Company & Officer
- Fidelity Salem - Kelly Miller
- FIRPTA YN
- No
- Sign On Property YN
- Yes
Property Features
Architectural Style:
Colonial
Common Walls:
No Common Walls
Cooling:
Heat Pump
Fireplace Features:
Propane; Wood Burning
Flooring:
Carpet; Hardwood; Laminate; Tile
Foundation Details:
Stemwall
Heating:
Electric; Heat Pump; Hot Water; Solar
Interior Features:
High Speed Internet; Kitchen Island; Linen Closet; Pantry; Primary Downstairs; Soaking Tub; Walk-In Closet(s)
Levels:
Two
Roof:
Composition
Rooms:
Dining Room; Family Room; Kitchen; Laundry; Living Room; Primary Bedroom
Lot Features:
Garden; Landscaped; Pasture; Sloped
Other Structures:
Barn(s); Guest House; Poultry Coop
Parking Features:
Concrete; Driveway; Gated
Patio and Porch Features:
Covered; Patio; Rear Porch
Road Surface Type:
Paved
View:
River
Waterfront Features:
River Front
Utilities:
Electricity Connected; Propane
Power Production:
None
Sewer:
Septic Tank
Water Source:
Well
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 4698
- Street Name
- Wallace
- Street Suffix
- Road
- Street Dir Suffix
- NW
- County
- Polk
- State
- OR
- Postal Code
- 97304
- Subdivision Name
- N/A
Contract Information
- Original List Price
- 2500000
- List Price per SqFt
- 431.41
- Listing Contract Date
- 2025-09-23
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Under Contract Date
- 2026-08-03
- Status Change Timestamp
- 2026-08-03
More Information
Listing Office:
Blum Real Estate, LLC
Last Updated: August - 04 - 2026
Information deemed reliable but not guaranteed.