$2,500,000

4698 Wallace Road NW, Salem, OR 97304

  • 4 beds |
  • 7 baths |
  • 5,795 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1998
  • Property Lot Size Icon19.05acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $431/sqft
  • Property List Date Icon Listed 6 months ago

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.

Listing Status:
Active
Date Added:
September 23, 2025
Data Last Updated:
April 4, 2026 at 7:38AM
Listing Office:
Blum Real Estate, LLC : 503-485-1900
MLS ID:
220209645
  • General: Kitchen IslandPantrySoaking TubWalk-In Closet(s)Linen ClosetHigh Speed Internet
  • Flooring: CarpetHardwoodLaminateTile
  • A/C: Heat Pump
  • Heating: ElectricHeat PumpHot WaterSolar
  • Fireplace: PropaneWood BurningFireplace
  • General: Barn(s)Guest HousePoultry Coop
  • Style: Colonial
  • Other Structures: Barn(s)Guest HousePoultry Coop
  • Parking: ConcreteDrivewayGated
  • Roofing: Composition
  • General: TwoStemwall
  • Road/Access: Paved
  • County: Polk
  • Zoning: 266024
  • View: River
  • Water: Well
  • Sewer: Septic Tank

This listing courtesy of Blum Real Estate, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Brush College Elementary School

2623 Doaks Ferry Rd NW, Salem, OR, 97304

Grades KG-5

2.04 miles away

S

Straub Middle School

1920 Wilmington Ave NW, Salem, OR, 97304

Grades 6-8

2.73 miles away

W

West Salem High School

1776 Titan Dr NW, Salem, OR, 97304

Grades 9-12

2.98 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.