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Offered at $2,949,999Active
beds
3
baths
1
sq ft
1,376
Built
1965

588 Wallis Road

Rye, NH 03870

Residential · Active · MLS #5095253
Listing Courtesy of Edward Perez | Edward Perez

The home

About this home

Nestled in the heart of Rye, one of New Hampshire's most coveted coastal communities, this extraordinary 12.39-acre property offers a rare opportunity to create a private estate of exceptional scale, beauty, and permanence. Just moments from Wallis Sands Beach and minutes from downtown Portsmouth, the setting combines the tranquility of a secluded countryside retreat with the convenience of Seacoast living. Imagine arriving home down a long private drive, surrounded by mature trees, open space, and the sounds of nature, while remaining close to beaches, schools, restaurants, golf courses, and every amenity the Seacoast has to offer. Whether your vision includes a timeless New England estate, a modern coastal residence, guest accommodations, gardens, walking trails, or space for future generations to gather and create memories, this property provides the canvas to bring that dream to life. An existing 3-bedroom ranch residence is currently on site and has been substantially gutted, offering the flexibility to renovate, expand, or build anew. Extensive due diligence has already been completed, including architectural plans, wetlands review, and an approved NH DES septic design for a future 5-bedroom residence, allowing the next owner to focus on creating a home rather than navigating years of planning and approvals. Large private parcels in Rye are becoming increasingly rare. Properties of this size, location, and character are seldom available and often remain within families for generations. More than a property, this is an opportunity to establish a legacy in one of New England's most desirable coastal towns and create a place where family and friends will gather for decades to come.

Property information

Details at a glance

Interior3 property facts
Rooms
7
Heating
None
Cooling
None
Building5 property facts
Style
Single Family Residence
Year built
1965
Garage
1
Parking
1
Roof
Shingle
Land & utilities4 property facts
Lot size
12.39 acres
Water
Well
Sewer
Septic Tank
Zoning
SRES
Financial2 property facts
Annual taxes
$4,663
Assessment year
2025

Plan your purchase

Estimated monthly cost

Explore costs at the $2,949,999 asking price. Adjust the assumptions to your situation.

Known monthly costs$15,305 / monthAdjust
Principal & interest
$14,917
Property tax
$389
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $4,663. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Listing history

Price and status timeline

No additional listing history is available for public display.

Compare with confidence

Price & market context

See how this home compares with active listings in Rye.

This home compared with active listings in Rye
MetricThis homeLocal listings
List price$2,949,999$1,729,00071% above local
Price / sq ft$2,144$862149% above local
Days on market155472% below local

Active city listing statistics from PrimeMLS as of September 11, 2026. Asking prices are not completed-sale values.

Keep exploring

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About 588 Wallis Road

Can I request a private showing?

Request a tour of 588 Wallis Road and a Bean Group agent will help coordinate an available time with the listing side.

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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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