- beds
- 3
- baths
- 1
- sq ft
- 1,376
- Built
- 1965
588 Wallis
Rye, NH 03870
Residential · Active · MLS #73536090
Listing Courtesy of Edward Perez | Edward Perez
The home
About this home
12.39 private acres in the heart of Rye, one of New Hampshire's most desirable coastal communities. Ideally located between Rye Elementary School and Rye Junior High School, less than two mile from Wallis Sands Beach, and just minutes from downtown Portsmouth. The property includes an existing 3-bedroom ranch that has been substantially gutted, offering the flexibility to renovate, expand, or create an entirely new custom residence. Extensive planning and due diligence have already been completed, including architectural plans, wetlands review, and an approved NH DES septic design for a future 5-bedroom home. The building envelope has been cleared and prepared, providing a significant head start for the next owner. Under single ownership and not capable of subdivision, this exceptional parcel offers privacy, natural beauty, and the opportunity to create a landmark estate in one of the Seacoast's most sought-after locations. Surrounded by luxury homes and protected open space.
Property information
Details at a glance
Interior5 property facts
- Rooms
- 7
- Heating
- None
- Cooling
- None
- Flooring
- Other
- Fireplaces
- 1
Building6 property facts
- Style
- Single Family Residence
- Year built
- 1965
- Garage
- 1
- Parking
- 10
- Foundation
- Concrete Perimeter
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 12.97 acres
- Water
- Private
- Sewer
- Private Sewer
- Zoning
- R
Financial2 property facts
- Annual taxes
- $4,969
- 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$15,331 / monthAdjust
- Principal & interest
- $14,917
- Property tax
- $414
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $4,969. 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 | $2,949,999Near the local benchmark |
| Price / sq ft | $2,144 | $2,144Near the local benchmark |
| Days on market | 19 | 19Near the local benchmark |
Active city listing statistics from MLS PIN as of September 12, 2026. Asking prices are not completed-sale values.
Automated value estimate $2,754,638
Estimated range $2,458,884–$3,050,392.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: below average
Generated by Repliers from listing photography; not a substitute for an inspection.
Keep exploring
Similar homes nearby
Same city and within 25% of the asking price, matched by property type and bedroom count when available and ranked by size and price.
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Common questions
About 588 Wallis
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Request a tour of 588 Wallis and a Bean Group agent will help coordinate an available time with the listing side.
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