Waterfront - Primary on Main
Address
4698 Wallace Road Nw, Salem, OR
Price
$ 2,500,000
Property Attributes
- MLS#220209645
- TypeSingle Family
- Listing Status Pending
- CountyPolk
- CitySalem
- AreaNot Applicable
- Zip97304
- StyleColonial
- Year Built1998
- Taxes$ 9043
- Price$ 2,500,000
- Bedrooms4
- Full Bathrooms5
- Half Bathrooms2
- Sqr Footage5795
- Lot Size19.05 Acres
Data Source:
MLS of Central Oregon (MLSCO)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Brush College Elem Elementary School | Straub Middle Middle School | West Salem High High School |
| Price History | |
|---|---|
| 1/29/2026 | Listed $2,500,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Electric,Heat Pump,Hot Water,Solar |
| Cooling | Heat Pump |
| Roof | Composition |
| Garage Spaces | 2 |
| 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 | false |
| Property Type | Residential |
| HOA | false |
| Attached Garage | false |
| Subdivision Name | N/A |
| Garage Y/N | true |
| Other Structures | Barn(s),Guest House,Poultry Coop |
| Full Baths | 5 |
| Status | Pending |
| High School | West Salem High |
| City | Salem |
| Senior Community Y/N | false |
| Zoning Description | EFU |
| Lot Size Units | Acres |
| Lot Size Square Feet | 829818 |
| Elementary School | Brush College Elem |
| Tax Annual Amount | 9043 |
| Middle/Junior High School | Straub Middle |
| Additional Parcels Y/N | false |
| Virtual Tour | https://visithome.ai/YmXcGy5gnDawAWGxZbUwgJ?mu=ft |
| Standard Status | Pending |
| Tax Lot | M&B |
| Sewer_co_Septic_sp_Tank | true |
| Heating-Solar | true |
| Accessory Dwelling Unit Y/N | Yes |
| Accessory Dwelling Unit Permitted | Unknown |
| Accessory Dwelling Unit SqFt | 1120 |
| Accessory Dwelling Unit Type | Detached |
Interior Features
| 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 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Half Baths | 2 |
| Total Bedrooms | 4 |
| LivingAreaSource | Assessor |
| Total Baths | 7 |
| Heating-Hot Water | true |
| Heating-Heat Pump | true |
Exterior Features
| Parking Features | Concrete,Driveway,Gated |
|---|---|
| Lot Features | Garden,Landscaped,Pasture,Sloped |
| Water Source | Well |
| Lot Size Area | 19.05 |
| Foundation Details | Stemwall |
| Building Area Total | 4675 |
| Lot Size Acres | 19.05 |
| Road Surface Type | Paved |
| Waterfront Y/N | true |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 97304
Price
Taxes
Year Built
The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Mariposa Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).
This content last updated on September 21, 2026 4:31 PM UTC Some properties which appear for sale on this website may subsequently have sold or may
