Single Family Residence at 588 Wallis Road, Rye
1 photo

$2,949,999

588 Wallis Road
Rye, NH 03870
Listed by Edward Perez · Edward Perez
Bedrooms
3
Bathrooms
1
Living area
N/A
Year built
1965

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 details

MLS #
5095253
Property type
Single Family Residence
Subdivision
N/A
Status
Active
Days on market
56
On market date
N/A
Stories
N/A
Total bathrooms
1
Garage spaces
1
Parking spaces
N/A
Lot size
12.39 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Rye Elementary School
0.81 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
210
Student:teacher ratio
9.5:1
District
Rye School District
Middle
Rye Junior High School
0.42 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
181
Student:teacher ratio
9.5:1
District
Rye School District
High
Portsmouth High School
2.82 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,049
Student:teacher ratio
11.7:1
District
Portsmouth School District

Walkability

Blended score for Rye's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

26
Car-dependent
out of 100
EPA National Walkability Index
5.3 / 20 -- Least walkable
Nearby-amenity density
25 / 100
Restaurants & cafes0
Grocery stores0
Parks4
Schools2
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Rye, from live MLS data.

On the market 56 days -- 7 fewer days than Rye's current average of 63 days.
For reference, the median list price across 69 active listings in Rye right now is $1,015,000.

Mortgage calculator

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Est. monthly payment
$17,915/mo
$590,000 down
$2,359,999 loan
Principal & interest$15,307
Property tax (est.)$2,458
Home insurance (est.)$150

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Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 07/02/26.