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Land with Home for Sale in Salem, Oregon

2554 Cole Rd S, Salem, OR 97306

$4,200,000
32.3 acres
Active
$75k drop
Est $22,282/mo

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 has a 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.

8,847
Sq feet
5
Beds
7
Full baths
2
1/2 baths
2005
Built

Location

Street address
2554 Cole Rd S
Elevation
791 feet
Coordinates
44.8453, -123.0839

Directions

South on Liberty, Right on Bates, Right on Cole. No Sign, Gated Entry.

Property details

Acreage
32.3 acres
MLS #
WVMLS 821899
Posted

Property taxes

Recent
$20,437

Parcels

  • R33221

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Coldwell Banker Real Estate

Lot

View
Mountain, Territorial

Exterior

Parking Spaces
4
Parking
Attached Garage, Garage
Fencing
Fenced, Partial
Features
Landscaping, Partially Fenced Yard, Separate Shop

Structure

Heating
Central, Fireplace(s), Forced Air, Natural Gas, Wood
Cooling
Central Air
Roof
Composition

Interior

Rooms
Basement, Bathroom x 5, Bedroom x 4, Den, Dining Room, Family Room, Kitchen, Living Room, Master Bedroom
Flooring
Carpet, Tile
Appliances
Dishwasher, Garbage Disposer, Gas Range, Microwave, Range, Washer
Features
Wood Fireplace(s)

Property utilities

CategoryTypeStatusDescription
GasNatural GasConnected

Nearby schools

NameLevelDistrictDescription
SumpterElementary
CrosslerMiddle
SpragueHigh

Listing history

DateEventPriceChangeSource
July 3, 2025Price drop$4,200,000$75,000 -1.8%WVMLS
Nov 2, 2024New listing$4,275,000RMLS
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This 32.3-acre property is located at 2554 Cole Rd S in Salem, OR 97306. The property is available for sale for $4,200,000. It has a 8,847 sq ft 5 bedroom, 7 bath house built in 2005.

Checked 56 mins ago — Updated

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