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Land with Home for Sale in Salem, Oregon

5501 Lipscomb St SE, Salem, OR 97317

$2,600,000
2.68 acres
Active sale
$150k drop
Est $13,854/mo

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.

5,943
Sq feet
5
Beds
5
Full baths
2
1/2 baths
2025
Built

Location

Street address
5501 Lipscomb St SE
Zip code
97317
Elevation
580 feet
Coordinates
44.8731, -122.9474

Property details

Acreage
2.68 acres
Zoning
RES
MLS #
WVMLS 840517
Posted

Property taxes

2025
$6,841

Parcels

  • 548813

Details and features

Listing

Type
Residential
Franchise
Home Smart International

Lot

View
Territorial
Features
Irregular, Lot: 1

Exterior

Pool
Deck

Structure

Stories
2
Water
Well
Roof
Composition

Interior

Rooms
Basement, Bathroom x 7, Bedroom x 5
Flooring
Tile, Wood
Fireplaces
Yes

Nearby schools

NameType
TurnerElementary
CascadeMiddle
CascadeHigh

Listing history

DateEventPriceChangeSource
June 3, 2026Price drop$2,600,000$150,000 -5.5%WVMLS
May 2, 2026New listing$2,750,000WVMLS
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This 2.68-acre property is located at 5501 Lipscomb St SE in Salem, OR 97317. The property is available for sale, priced at $2,600,000. It has a 5,943 square foot 5-bedroom, 6-bath house built in 2025.

Listed by HomeSmart Realty Group, (971) 599-5865

Checked 1 hour agoUpdated Source

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