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Property Description
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.
Full Property Details
Full Property Details for 588 Wallis Rd
General
- Price: $2,949,999
- Taxes: $4,663 (2025)
- Status: Active
- Type: Single Family
- Source: PrimeMLS
- MLS ID: 5095253
- Updated: 6/17/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 7
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Exterior
- Color: Yellow
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking: Parking Spaces 5
Location
- County: Rockingham
- Driving Directions: Use GPS: 588 Wallis Road, Rye, NH 03870. Property shown by appointment only.
School Information
- School District: Rye City School District
- Elementary School: Rye Elementary School
- Middle School: Rye Junior High School
- High School: Portsmouth High School
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: Existing Leach Field, On-Site Septic Exists
Structural Information
- Construction Status: Existing
- Basement Entrance: Walkout
- Basement Desc.: Full, Sump Pump, Unfinished, Walkout, Basement Stairs
- Roof: Asphalt Shingles
- Stories/Levels: 1
- Square Feet: 1,376
- Finished Total: 1,376 Sq. Ft.
- Finished Above Grnd: 1,376 Sq. Ft.
- Current Bldg. Use: Yes
- Year Built: 1965
Unit Information
- Units in Building: 1
Lot Features
- Lot Size (Acres): 12.39
- Lot Size (Sq. Ft.): 539,708
- Frontage: Yes Road Frontage
- Frontage Feet: 100
- Driveway/Sidewalk: Gravel
- Potential Use: Residential
- Zoning: SRES
Financial Considerations
- Price Per Sq. Ft.: $2,143.89
- Assessment Year: 2025
- Assessment Amount: $557,100
- Tax Amount: $4,663
- Tax Year: 2025
Disclosures and Reports
- Documents Avail.: Building Plans, Deed, Plot Plan, Septic Design
- Surveyed: Yes
- Lot Number: 89
Listed by Edward Perez, Edward Perez
Get Pre-Approved Today
Schools
Schools serving 588 Wallis Rd
School District:Rye School District
| Name | Grades | Distance |
|---|---|---|
Rye Elementary School 461 Sagamore Road, Rye, NH 03870 | K-4 | 0.8 mi |
Portsmouth High School, Portsmouth, NH 50 Andrew Jarvis Drive, Portsmouth, NH 03801 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 588 Wallis Rd
Date
Details
Price
Change
Source
6/17/2026
Listed
$2,949,999
322.03%
MLS
6/11/2021
Sold
$699,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 588 Wallis Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,663
-3%
$557,100
—
2024
$4,826
8%
$557,300
—
2023
$4,475
15%
$557,300
—
2022
$3,890
-19%
$557,300
19%
2021
$4,804
6%
$470,100
—
2020
$4,540
-5%
$470,100
—
2019
$4,787
1%
$468,400
—
2018
$4,737
—
$468,500
—
2017
$4,737
6%
$468,500
12%
2016
$4,466
7%
$418,200
9%
2015
$4,189
2%
$384,300
3%
2013
$4,104
—
$374,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 588 Wallis Rd
588 Wallis Road, Rye, NH 03870 (MLS# 5095253) is a Single Family property with 3 bedrooms and 1 full bathroom. 588 Wallis Road is currently listed for $2,949,999 and was received on June 17, 2026. Want to learn more about 588 Wallis Road? Do you have questions about finding other Single Family real estate for sale in Rye? You can browse all Rye real estate or contact a Coldwell Banker agent to request more information.

