- 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.
| Metric | This home | Local listings |
|---|---|---|
| List price | $2,949,999 | $1,729,00071% above local |
| Price / sq ft | $2,144 | $862149% above local |
| Days on market | 15 | 5472% 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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Common questions
About 588 Wallis Road
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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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