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For sale
  • Listed by: Homesmart Realty Group
    $4,200,000

    2554 Cole Rd S, Salem, OR 97306

    5beds
    8,847sqft
    : 
    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
    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.
    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#: 837184MLS Logo

    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
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    Estimated market value

    $4,001,800

    $3.80M - $4.20M

    $4,743/mo

    Price history

    Price history
    DateEventPrice
    1/31/2026Listed for sale$4,200,000$475/sqft
    Source: WVMLS #837184 Report a problem
    1/28/2026Listing removed$4,200,000$475/sqft
    Source: WVMLS #821899 Report a problem
    7/3/2025Price change$4,200,000-1.8%$475/sqft
    Source: WVMLS #821899 Report a problem
    11/1/2024Listed for sale$4,275,000+228.6%$483/sqft
    Source: WVMLS #821899 Report a problem
    10/14/2016Sold$1,300,900+0.1%$147/sqft
    Source: RMLS (OR) #16633831 Report a problem
    8/30/2016Pending sale$1,299,900$147/sqft
    Source: Blum Real Estate #16633831 Report a problem
    7/13/2016Price change$1,299,900-7.1%$147/sqft
    Source: BLUM REAL ESTATE #704487 Report a problem
    5/18/2016Listed for sale$1,399,900-63.2%$158/sqft
    Source: BLUM REAL ESTATE #704487 Report a problem
    9/27/2015Listing removed--
    Source: Auction.com Report a problem
    4/7/2015Listed for sale--
    Source: Auction.com Report a problem
    12/20/2010Listing removed$3,800,000$430/sqft
    Source: Realty Trust Group, Inc. #9015577 Report a problem
    2/27/2009Listed 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

      Getting around

      1 / 100
      Car-Dependent
      0 / 100
      No Nearby Transit
      9 / 100
      Somewhat Bikeable

      Nearby schools

      GreatSchools rating
      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.

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