2554 COLE RD Salem, OR $ 4,200,000
2554 COLE RD
$ 4,200,000
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2554 COLE RD

Salem, OR, 97306
$ 4,200,000
Bedrooms6 Baths7.2 Sq 8,847

Monthly Estimate*

$ 26,203

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Single Family Home for sale in Salem, OR

for $4,200,000 with 6 bedrooms and 7 full baths, 2 half baths. This 8,847 square foot home was built in 2005 on a lot size of 32.3.

Luxurious Estate with Breathtaking Mountain Views! This spectacular 5-bedroom, 7 full and 2 half-bath estate offers unmatched elegance across 11,000+ sq. ft. Nestled in a stunning setting on 32 acres, it’s a dream home for those seeking luxury and comfort. Enter through a grand foyer with towering ceilings and tile floors, setting the stage for the impressive interior. The chef's kitchen with a spacious butler pantry is designed for culinary enthusiasts, while the 6+ car garage and large shop provide ample space for projects and storage. Enjoy hosting in the light-filled main living room, featuring a beautiful fireplace, mantle, and built-ins. The family room features wet bar and dedicated movie theater, perfect for entertaining. Choose from two formal dining rooms for memorable meals with family and friends. A secret door leads to a hidden cellar with a private bathroom, offering a unique, intimate gathering space. Outdoors, the expansive patio features a cozy fireplace and built-in BBQ, while the fenced sport court with a basketball hoop promises endless fun. Retreat to the luxurious master suite, complete with a fireplace, sitting area, luxury shower, large jacuzzi tub, and his & hers walk-in closets and restrooms. Each of the three upstairs bedrooms has an ensuite bathroom, with access to two balconies through either the third bedroom or the study. The estate also includes a workout room with mirrors and a spacious bonus playroom. With every luxury and convenience, this estate combines sophistication with practical elegance.

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Single Family Active

Price

$ 4,200,000

Bedrooms

6

Full Bath

7

Half Bath

2

Property Type

Single Family

Taxes

$ 20,437

Style

Stories2

Lot Size

32.3

Year Built

2005

Town/City

Salem

County/Region

Marion

MLS | Web ID

24445114

Features
Interior
Interior Amenities Granite HighCeilings HomeTheater JettedTub Laundry SoundSystem TileFloor WalltoWallCarpet WasherDryer
Basement Finished FullBasement StorageSpace
Total Fireplaces 3
Fireplace Features WoodBurning
Hot Water Gas
Window Features DoublePaneWindows
Total Bathrooms 7.2
Total Bedrooms 6
Total Baths 9
1/2 Baths 2
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General
Sewer SepticTank
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances BuiltinOven BuiltinRange BuiltinRefrigerator ButlersPantry Cooktop Dishwasher Disposal DoubleOven DownDraft GasAppliances Granite Microwave Pantry PlumbedForIceMaker RangeHood StainlessSteelAppliance
Zoning SA
Garage Spaces 6.0
Architectural Style Stories2
Year Built 2005
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2024
Parcel Number 533221
Accessibility AccessibleFullBath MainFloorBedroomBath WalkinShower
County Marion
Property Type Residential
HOA N
Full Baths 7
Status Active
Directions South on Liberty Right on Bates Right on Cole. No Sign Gated Entry.
High School Sprague
City Salem
Disclosures Disclosure
MLS Area _172
Lot Size Square Feet 1406988.0
Listing Terms Cash Conventional
Elementary School Sumpter
Tax Annual Amount 20437.06
Middle/Junior High School Crossler
Property Condition Resale
Virtual Tour https://youtu.be/wQR3yIGvdj4?si=XB6Oa50gMY9QLHEb
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description ACRES 32.3
ADU False
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Exterior
Exterior Amenities AthleticCourt BasketballCourt CoveredPatio Fenced Outbuilding Patio Porch RVParking RVBoatStorage Sprinkler Workshop Yard
Parking Features Driveway
Lot Features Gated GentleSloping
Water Source Well
Total Parking 6.0
Garage Type Attached ExtraDeep Oversized
Exterior Description Brick Stone
Foundation Details ConcretePerimeter
Building Area Total 8847.0
Lot Size Acres 32.3
Road Surface Type Paved
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Internal Only
Street Number 1 2554
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* Excluded Features
List By
Coldwell Banker Mountain West

Broker

coldwellbanker@cboregon.com

Contact

Affordability Calculator

$27,906
Per Month
94%
6%
0%
Monthly Principal & Interest
$26,203
Monthly Property Taxes
$1,703
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949316 Elementary School
1950143 Middle School
Sprague High School High School
Pricing History
DatePricePrice ChangeDescription
7/3/2025$4,200,000 -1.75% Price Down
11/1/2024$4,275,000 Listed Price

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2554 COLE RD, Salem, OR, 97306 is a Single Family Home for sale at $4,200,000 with 8,847 sqft and a lot size of 32.3. 2554 COLE RD has 6 bedrooms, 7.2 baths, and was built in 2005. The property's zip code is 97306 which is in Salem, OR