Create the Rye home you have always imagined on 12.39 private acres, less than one-half mile from Wallis Sands Beach and only minutes from downtown Portsmouth. This special property offers the space and peaceful surroundings of a private estate while keeping your family close to the beach, schools, restaurants, shopping, and everything the Seacoast has to offer. The property currently includes a substantially gutted three-bedroom ranch, giving the next owner the opportunity to renovate, expand, or replace the existing home. Plans have already been drawn for a new five-bedroom residence of approximately 3,900 square feet. The house plans are not approved and may be revised to suit the buyer's individual style, needs, and vision. An NH DES septic design for a future five-bedroom residence has been approved. Wetlands review and other preliminary work have also been completed, providing a valuable head start. Buyers should complete their own due diligence and obtain all required approvals for their intended use. With room for outdoor entertaining, gardens, recreation, and quiet enjoyment of the natural surroundings, this is a rare opportunity to establish a beautiful family home in one of New Hampshire's most desirable coastal communities. Recently reduced by $100,000. Schedule a private showing, walk the grounds, review the available plans, and experience the possibilities at 588 Wallis Road.