For sale

$2,949,999

588 Wallis Rd, Rye, NH 03870

3beds

1,376sqft

$18,868/mo

Get pre-qualified

Single Family Residence

Built in 1965

12.97 Acres Lot

$2,629,500 Zestimate^®

$2,144/sqft

$-- HOA

What's special

Natural beauty

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.

78 days
476
7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Primary bathroom

Features: No

Heating

None

Cooling

None

Appliances

Included: Water Heater, Other

Features

Other
Flooring: Other
Has basement: No
Number of fireplaces: 1

Interior area

Total structure area: 1,376
Total interior livable area: 1,376 sqft
Finished area above ground: 1,376

Property

Parking

Total spaces: 10
Parking features: Attached, Off Street
Attached garage spaces: 1
Uncovered spaces: 9

Features

Exterior features: Other
Waterfront features: Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Frontage length: 100.00

Lot

Size: 12.97 Acres
Features: Other

Details

Parcel number: 745722
Zoning: R

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Frame
Foundation: Concrete Perimeter
Roof: Shingle

Condition

Year built: 1965

Utilities & green energy

Electric: 220 Volts
Sewer: Private Sewer
Water: Private

Green energy

Energy efficient items: Other (See Remarks)

Community & HOA

Community

Features: Golf, Public School

HOA

Has HOA: No

Location

Region: Rye

Financial & listing details

Price per square foot: $2,144/sqft
Tax assessed value: $585,600
Annual tax amount: $4,969
Date on market: 6/15/2026
Exclusions: No Personal Property. Architectural Plans Available Separately Upon Request.

Estimated market value

$2,629,500

$2.47M - $2.79M

$3,591/mo

Price history

Date	Event	Price
6/15/2026	Listed for sale	$2,949,999+322%$2,144/sqft
Source: MLS PIN #73536090 Report a problem
6/11/2021	Sold	$699,000-9.8%$508/sqft
Source: PrimeMLS #4837523 Report a problem
4/23/2021	Pending sale	$775,000$563/sqft
Source: Keller Williams #4837523 Report a problem
4/9/2021	Price change	$775,000-3%$563/sqft
Source: Keller Williams #4837523 Report a problem
12/29/2020	Price change	$799,000-8.7%$581/sqft
Source: Keller Williams Coastal Realty #4837523 Report a problem
11/6/2020	Listed for sale	$875,000$636/sqft
Source: Keller Williams Coastal Realty #4837523 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,826 +7.8%	$557,300
2023	$4,475 +15%	$557,300
2022	$3,890 -19%	$557,300 +18.5%
2020	$4,804 +0.4%	$470,100 +0.4%
2019	$4,787 +1.1%	$468,400 0%
2018	$4,737	$468,500
2017	$4,737 +6.1%	$468,500 +12%
2016	$4,466 +8.8%	$418,200 +11.8%
2013	$4,104	$374,100