588 Wallis Rd, Rye, NH, 03870
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1965
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Water Heater,Other
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Features
- Other
- Flooring: Other
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area above ground: 1,376
Heating & Cooling
- Heating features: None
- Cooling features: None
Interior Area
- Total structure area: 1,376
- Total interior livable area: 1,376 sqft
Master Bathroom
- Features: No
Property
Details
- Parcel number: 745722
- Zoning: R
- Exclusions: No Personal Property. Architectural Plans Available Separately Upon Request.
Features
- Exterior features: Other
- Waterfront features: Ocean,3/10 to 1/2 Mile To Beach,Beach Ownership(Public)
- Frontage length: 100.00
Lot
- Lot size: 12.97 Acres
- Features: Other
Parking
- Total spaces: 10
- Parking features: Attached,Off Street
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Uncovered spaces: 9
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Hampshire Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $14,916 | $178,992 |
| Home Insurance | $435 | $5,220 |
| Property Taxes | $2,039 | $24,468 |
| Electricity | $283 | $3,398 |
| Total | $17,673 | $212,076 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-15 | Listed for sale | $2,949,999 |
| 2021-06-11 | Sold | $699,000 |
| 2021-04-23 | Pending sale | $775,000 |
| 2021-04-09 | Price change | $775,000 |
| 2020-12-29 | Price change | $799,000 |
| 2020-11-06 | Listed for sale | $875,000 |
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