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$2,949,999

588 Wallis, Rye NH 03870
Rye, NH 03870
Listed by Edward Perez
Bedrooms
3
Bathrooms
1
Living area
1,376 sqft
Year built
1965

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.

Highlights

Fireplace

Property details

MLS #
73536090
Property type
Single Family Residence
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
1
Lot size
12.97 acres

Location

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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

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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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 19, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.