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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.

More Info

Basic Information

  • Bedrooms3
  • Mls StatusNew
  • Bathroom1
  • Lot Features Other
  • Parcel Number 745722

Tax Information

  • Tax Assessed Value $585,600
  • Tax Year 2025
  • Taxes$4,969

School Information

  • High School Portsmouth High
  • Elementary SchoolRye Elementary
  • High SchoolPortsmouth
  • Junior HighRye Junior High

Parking

  • Parking Spaces10
  • Covered Spaces 1
  • Garage YN Yes
  • Parking Features Attached, Off Street

Rooms

  • Bathrooms Total Decimal 1
  • Full Bath1

Basic Information

  • List Price$2,949,999
  • MLS Number73536090
  • Modification Date06/15/2026
  • Property SubTypeSingle Family Residence

Location

  • Address588 Wallis
  • Building Number588
  • CountyRockingham
  • StateNH
  • StreetWallis
  • TownRye
  • Zip03870

Building

  • Attached Garage YN Yes
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FireplaceYes
  • Fireplaces Total 1
  • FoundationConcrete Perimeter
  • Garage Spaces1
  • Property StyleRanch
  • Rooms7
  • Year Built1965
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage12.97
  • Frontage Length 100

Interior

  • Flooring Other
  • Interior Features Other

Exterior

  • Exterior Features Other
  • RoofShingle

Utilities

  • Electric 220 Volts
  • Heating None
  • Sewer Private Sewer
  • Water Source Private

Property Information

  • Square Feet1,376
  • Building Area Source Public Records
  • Living Area 1,376
  • Lot Size Square Feet 564,973
  • Lot Size Units Acres

Amenities

  • AmenitiesGolf, Public School
  • Appliances IncludedWater Heater, Other
  • Green Energy Efficient Other (See Remarks)

Water Body

  • Miles to Beach0.5
  • Waterfront Features Ocean,3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Legal

  • ZoningR

Other

  • Date Listed06/15/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Edward Perez of Edward Perez

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