Set on 32 pristine acres, this remarkable estate delivers over 11,000 square feet of luxury living, combining grand scale with thoughtful design. The residence features 5 bedrooms, 7 full bathrooms, and 2 half bathrooms, crafted for those who value privacy, comfort, and exceptional entertaining. A dramatic entry welcomes you into a soaring foyer with elegant tile flooring, immediately showcasing the home’s architectural presence. The chef’s kitchen is both functional and refined, complete with a generous butler’s pantry and ideal flow for hosting. A 6+ car garage and expansive shop offer abundant room for projects, storage, and recreation. The main living spaces are filled with natural light and designed for gathering. The living room features a striking fireplace, custom mantle, and built-ins, while the family room impresses with a wet bar and private movie theater. Two formal dining rooms provide flexible spaces for everything from intimate dinners to large celebrations.A hidden cellar tucked behind a secret door—with its own private bathroom—creates a unique and memorable entertaining space. Step outside to an expansive patio featuring a fireplace and built-in BBQ, perfect for year-round enjoyment. The fenced sport court with basketball hoop adds another layer of fun and versatility.The primary suite is a private retreat, offering a fireplace, sitting area, spa-style shower, oversized jacuzzi tub, dual walk-in closets, and separate restrooms. Upstairs, three additional bedrooms each feature ensuite bathrooms, with access to two balconies from either the third bedroom or the study. Completing the home are a dedicated workout room with mirrored walls and a large bonus playroom. Every detail of this estate has been thoughtfully designed to balance refined luxury with everyday functionality, creating a truly exceptional place to call home.
For sale
Listed by: Homesmart Realty Group
$4,200,000
2554 Cole Rd S, Salem, OR 97306
5beds
8,847sqft
Est.:
Single Family Residence
Built in 2005
32.3 Acres Lot
$4,001,800 Zestimate®
$475/sqft
$-- HOA
What's special
Expansive shopLarge bonus playroomTwo formal dining roomsDramatic entry
- 33 days |
- 3,646 |
- 147 |
Zillow last checked: 8 hours ago
Listing updated: January 30, 2026 at 11:40pm
Listed by:
CHRIS FORRETTE Cell:503-409-3542,
Homesmart Realty Group
Source: WVMLS,MLS#: 837184
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 9
- Full bathrooms: 7
- 1/2 bathrooms: 2
Primary bedroom
- Level: Main
- Area: 693
- Dimensions: 21 x 33
Bedroom 2
- Level: Main
- Area: 396
- Dimensions: 18 x 22
Bedroom 3
- Level: Main
- Area: 374
- Dimensions: 17 x 22
Bedroom 4
- Level: Main
- Area: 180
- Dimensions: 12 x 15
Dining room
- Features: Area (Combination), Formal
- Level: Main
- Area: 144
- Dimensions: 16 x 9
Family room
- Level: Main
- Area: 1225
- Dimensions: 35 x 35
Kitchen
- Level: Main
- Area: 506
- Dimensions: 23 x 22
Living room
- Level: Main
- Area: 352
- Dimensions: 22 x 16
Heating
- Propane, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Built-In Range, Microwave
- Laundry: Main Level
Features
- Den, Rec Room, Walk-in Pantry, Other(Refer to Remarks)
- Flooring: Carpet, Tile, Wood
- Basement: Finished
- Has fireplace: Yes
- Fireplace features: Living Room, Family Room, Other Room, Wood Burning
Interior area
- Total structure area: 8,847
- Total interior livable area: 8,847 sqft
Property
Parking
- Parking features: Attached, RV Access/Parking
- Attached garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s), Territorial
Lot
- Size: 32.3 Acres
- Features: Landscaped
Details
- Additional structures: Workshop, RV/Boat Storage
- Zoning: SA
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick, Rock
- Foundation: Continuous
- Roof: Tile
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Electric: 1/Main
- Sewer: Septic Tank
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $475/sqft
- Annual tax amount: $21,053
- Price range: $4.2M - $4.2M
- Date on market: 1/31/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Sub Zero Fridge, 2nd Fridge, WindowCoverings
Estimated market value
$4,001,800
$3.80M - $4.20M
$4,743/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/31/2026 | Listed for sale | $4,200,000$475/sqft |
Source: | ||
| 1/28/2026 | Listing removed | $4,200,000$475/sqft |
Source: | ||
| 7/3/2025 | Price change | $4,200,000-1.8%$475/sqft |
Source: | ||
| 11/1/2024 | Listed for sale | $4,275,000+228.6%$483/sqft |
Source: | ||
| 10/14/2016 | Sold | $1,300,900+0.1%$147/sqft |
Source: | ||
| 8/30/2016 | Pending sale | $1,299,900$147/sqft |
Source: Blum Real Estate #16633831 Report a problem | ||
| 7/13/2016 | Price change | $1,299,900-7.1%$147/sqft |
Source: BLUM REAL ESTATE #704487 Report a problem | ||
| 5/18/2016 | Listed for sale | $1,399,900-63.2%$158/sqft |
Source: BLUM REAL ESTATE #704487 Report a problem | ||
| 9/27/2015 | Listing removed | -- |
Source: Auction.com Report a problem | ||
| 4/7/2015 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 12/20/2010 | Listing removed | $3,800,000$430/sqft |
Source: Realty Trust Group, Inc. #9015577 Report a problem | ||
| 2/27/2009 | Listed for sale | $3,800,000$430/sqft |
Source: Realty Trust Group, Inc. #9015577 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$23,034/mo
Principal & interest
$20199
Property taxes
$2835
Climate risks
Neighborhood: 97306
Nearby schools
GreatSchools rating
- 4/10Sumpter Elementary SchoolGrades: K-5Distance: 2.9 mi
- 3/10Crossler Middle SchoolGrades: 6-8Distance: 2.3 mi
- 6/10Sprague High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Sumpter
- Middle: Crossler
- High: Sprague
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 97306
- Oregon
- Marion County
- Salem
- 97306
- 2554 Cole Rd S









