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About This Home
This 4-bedroom, 7-bathroom single family at 4698 Wallace Rd NW in Salem, OR is listed for $2,500,000 ($535 per sqft). Built in 1998, the home offers 4,675 sqft of living space on a 19.05 acres lot.
Rare Riverfront Estate in the Heart of Wine Country...Welcome to River Cove Farm! Truly a one-of-a-kind riverfront estate in the Willamette Valley wine country, just minutes from downtown Salem. Set on 19.05 lush acres with Willamette River frontage and a private cove for boat tie-up, this gated property offers abundant privacy and natural beauty.
Flexible living areas throughout the property are well-suited for remote work, multi-generational living, or simply spreading out in comfort. Nestled in Willamette Valley wine country, a long, paved driveway winds past pastures and fruit trees to a stately Georgian-style home that exudes timeless elegance from the moment you arrive.
The floor plan is designed for comfort and versatility. The main-level primary suite creates a serene retreat with a cozy fireplace and an ensuite bath. Upstairs, additional bedrooms and two full bathrooms provide ample living space. A charming, third floor sun-filled loft with a large closet and half bath offers endless possibilities—ideal as a gu
est hideaway, children’s bunkroom, or hobby space.Thoughtfully appointed living spaces make this home perfect for both everyday living and special occasions. A refined library with built-ins and a majestic living room capture sweeping views of the grounds, while the elegant kitchen and formal dining room set the stage for memorable gatherings.
A fully renovated, expansive recreation room with kitchenette and full bath, connected to the main house via a breezeway, can be used for entertaining or as an in-law unit. A standalone cottage with one bedroom plus an office offers even more dwelling options.Outdoors, the property is a true gardener’s and hobby farmer’s paradise.
Relax on the spacious patio and take in the river views, or explore the pastures, fruit trees, and landscaped grounds. A large shop/barn supports a variety of projects, and the delightful, oversized chicken house—adorned with a school bell and accompanied by a fenced chicken yard—adds a touch of storybook charm.
Children (and adults) will love ringing the bell when they find fresh eggs.River Cove Farm offers the best of both worlds: a serene, country setting and easy access to all the conveniences and cultural options of downtown Salem.
Key Features
- Built in 1998
- 19.05 acre lot
- 2 parking spaces
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$13,371/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4698 Wallace Rd NW
Salem, OR 97304
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Views
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 7-bathroom single family at 4698 Wallace Rd NW is listed at $2,500,000 ($535/sqft). The estimated monthly payment is $10,833 based on 20% down at 6.5% interest.
Key features include: Built in 1998, 19.05 acre lot, 2 parking spaces, Fireplace. Interior Features: Propane Wood Fireplace(s), Handicap Amenities. Exterior Features: Fenced Yard, Landscaping, Barn.
This property is listed by GLADYS BLUM and can be reached at 5034851900 or transactions@Blumre.com.
