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.
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.
MLS PIN #73536090
Jun 15, 2026
Listed
$2,949,999
$2,144/sq ft
PrimeMLS #4837523
Jun 11, 2021
Sold
$699,000
$508/sq ft
Apr 22, 2021
Contingent
—
Mar 31, 2021
Price Changed
$775,000
$563/sq ft
Dec 29, 2020
Price Changed
$799,000
$581/sq ft
Nov 5, 2020
Listed
$875,000
$636/sq ft
+35
Rare opportunity to purchase 12+ acres in the center of Rye. Enjoy lots of privacy and wildlife with room to expand. This one floor living offers great views, nestled in the woods in perfect position for expansion of your dreams. This gorgeous lot offers everything you need and want. Located in the center of Rye close to all major routes for commuters dream.
Year
Property tax
Land + Additions
Assessment*
2025
$4,663 (−3.4%)
$480,500 + $76,600
$557,100
2024
$4,826 (+7.8%)
$480,700 + $76,600
$557,300
2023
$4,475 (+15.0%)
$480,700 + $76,600
$557,300
2022
$3,890 (−19.0%)
$480,700 + $76,600
$557,300
2021
$4,804
$334,200 + $135,900
$470,100
2020
$4,804 (+0.4%)
$334,200 + $135,900
$470,100
2019
$4,787 (+1.1%)
$334,300 + $134,100
$468,400
2018
$4,737
$334,400 + $134,100
$468,500
2017
$4,737 (+6.1%)
$334,400 + $134,100
$468,500
2016
$4,466 (+6.6%)
$285,400 + $132,800
$418,200
2015
$4,189 (+2.1%)
$251,500 + $132,800
$384,300
2013
$4,104
$241,200 + $132,900
$374,100
Public record
Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
12.39 Acres
Year renovated
1997
Finished Sq. Ft.
1,376
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,376
Year built
1965
Style
Single Family Residential
County
Rockingham County
APN
745722
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 15, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
6/10 Wind Factor
68% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Rye, NH • 03870
Average low and high temperatures (°F)
32
19
34
19
47
31
54
39
63
49
74
59
80
64
76
59
71
55
62
45
51
37
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
22/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
2.6 hrs
0.9 hr
JuneDecember
Provided by Shadowmap
Redfin Estimate for 588 Wallis
$2,742,250
$208K under list price of $2.95M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $675K to $1.6M.