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*

$ 25,860

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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

$ 21,053

Style

Stories2

Lot Size

32.3

Year Built

2005

Town/City

Salem

County/Region

Marion

MLS | Web ID

375684123

Features
Interior
Interior Amenities Granite HomeTheater JettedTub Laundry SoundSystem TileFloor WalltoWallCarpet WasherDryer
Basement CrawlSpace
Total Fireplaces 3
Fireplace Features WoodBurning
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
Appliances BuiltinRange BuiltinRefrigerator ButlersPantry Dishwasher Disposal GasAppliances Granite Microwave Pantry PlumbedForIceMaker SolidSurfaceCountertop Tile TrashCompactor
Zoning SA
Garage Spaces 6.0
Architectural Style Stories2
Security Features None
Year Built 2005
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number 533221
Accessibility MainFloorBedroomBath
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 VALoan
Elementary School Sumpter
Tax Annual Amount 21053.32
Middle/Junior High School Crossler
Property Condition Resale
Virtual Tour https://www.youtube.com/watch?v=wQR3yIGvdj4
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 RVAccessParking
Lot Features Gated GentleSloping
Water Source Well
Total Parking 6.0
Exterior Description Brick Stone
Foundation Details ConcretePerimeter
Building Area Total 8847.0
Lot Size Acres 32.3
Road Surface Type Gravel
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Internal Only
Street Number 1 2554
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* Excluded Features
List By
Homesmart Realty Group

Broker

c4rette@gmail.com

Email

Affordability Calculator

$27,615
Per Month
94%
6%
0%
Monthly Principal & Interest
$25,860
Monthly Property Taxes
$1,754
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2/12/2026$4,200,000 Listed Price

Map


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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