5501 LIPSCOMB ST Salem, OR $ 2,600,000
5501 LIPSCOMB ST
$ 2,600,000
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5501 LIPSCOMB ST

Salem, OR, 97317
$ 2,600,000
Bedrooms5 Baths5.2 Sq 5,943

Monthly Estimate*

$ 16,009

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Single Family Home for sale in Salem, OR

for $2,600,000 with 5 bedrooms and 5 full baths, 2 half baths. This 5,943 square foot home was built in 2025 on a lot size of 2.68.

Tour of Homes luxury estate on acreage with stunning valley views! This exceptional residence showcases exposed beams, curved entryways, and high-end finishes throughout. A single-level layout with a full basement offers excellent dual living potential. Enjoy 5 spacious bedrooms—each an en suite with walk-in closets—along with 2 half baths. The chef’s kitchen is designed to impress, featuring a 60” gas range, oversized island, and a fully equipped butler’s pantry with an additional dishwasher. The lower level is ideal for entertaining with a wet bar complete with mini fridge, ice maker, and dishwasher. Elevated finishes include custom cabinetry, engineered hardwood (waterproof and wear-resistant) and tile flooring throughout—including limestone—natural stone countertops, custom iron railings, and thoughtfully curated lighting and plumbing fixtures. Venetian plaster accents enhance the master shower, range hood, and fireplace, while radiant heated tile floors bring comfort to the upstairs suites. Smart and functional upgrades include Lutron smart home lighting, integrated indoor/outdoor sound, a constant pressure water system with filtration, and a washer/dryer conveniently located in the primary closet.Outdoor living is equally impressive, featuring a covered deck, full outdoor kitchen with a 44” gas range, refrigerator, and pass-through window, gas heaters in the dining area, and an outdoor gas fire table—perfect for year-round enjoyment. The property also offers a hot tub, irrigated landscaping with lighting and raised garden beds, hot/cold outdoor water spigots, and built-in dog kennels with a dedicated dog wash. Additional highlights include a paved asphalt driveway leading to a 1,500 sq ft 3-car garage (mini-split ready and pre-wired), plus an additional 1,200 sq ft of flexible space—ideal for storage, a home office, gym, or more.

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Single Family Active

Price

$ 2,600,000

Bedrooms

5

Full Bath

5

Half Bath

2

Property Type

Single Family

Taxes

$ 6,840

Style

Stories2

Lot Size

2.68

Year Built

2025

Town/City

Salem

County/Region

Marion

MLS | Web ID

334816575

Features
Interior
Interior Amenities HeatedTileFloor HighCeilings HomeTheater Laundry SoakingTub SoundSystem
Basement Daylight Finished
Total Fireplaces 1
Fireplace Features Gas
Hot Water Electricity
Total Bathrooms 5.2
Total Bedrooms 5
Total Baths 7
1/2 Baths 2
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General
Sewer StandardSeptic
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances ButlersPantry Dishwasher Disposal DoubleOven FreeStandingRefrigerator GasAppliances Island Microwave PotFiller
Zoning RES
Garage Spaces 3.0
Architectural Style Stories2
Year Built 2025
Stories Count 2
Property Subtype SingleFamilyResidence
Tax Year 2025
Warranty BuilderWarranty
Parcel Number 548813
Accessibility GarageonMain MainFloorBedroomBath MinimalSteps UtilityRoomOnMain
County Marion
Property Type Residential
HOA N
Full Baths 5
Status Active
Directions Gath to lipscomb
High School Cascade
City Salem
Disclosures Disclosure
MLS Area _173
Lot Size Square Feet 116740.0
Listing Terms Cash Conventional
Elementary School Turner
Tax Annual Amount 6840.89
Middle/Junior High School Cascade
Property Condition Resale
Virtual Tour https://pixies.et/e9yBVDAq
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description P.P. 2007-129 PARCEL 1 ACRES 2.68
ADU False
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Exterior
Exterior Amenities CoveredDeck FreeStandingHotTub RaisedBeds
Parking Features Driveway
Water Source Well
Total Parking 3.0
Garage Type Attached
Exterior Description CementSiding
Building Area Total 5943.0
Lot Size Acres 2.68
Road Surface Type Paved
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Internal Only
Street Number 1 5501
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* Excluded Features
List By
Homesmart Realty Group

Broker

nralleyrealtor@gmail.com

Email

Affordability Calculator

$16,579
Per Month
97%
3%
0%
Monthly Principal & Interest
$16,009
Monthly Property Taxes
$570
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
1951239 Elementary School
1949114 Middle School
Cascade High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2026$2,600,000 Listed Price

Map


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5501 LIPSCOMB ST, Salem, OR, 97317 is a Single Family Home for sale at $2,600,000 with 5,943 sqft and a lot size of 2.68. 5501 LIPSCOMB ST has 5 bedrooms, 5.2 baths, and was built in 2025. The property's zip code is 97317 which is in Salem, OR