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
Single Family Residence
Built in 2005
32.3 Acres Lot
$3,870,500 Zestimate®
$475/sqft
$-- HOA
What's special
Expansive shopLarge bonus playroomTwo formal dining roomsDramatic entry
- 134 days |
- 1,247 |
- 53 |
Zillow last checked:
Listing updated:
Listed by:
CHRIS FORRETTE Cell:503-409-3542,
Homesmart Realty Group
Source: WVMLS,MLS#: 837184
Loading...
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, Other(Refer to Remarks), Rec Room, Walk-in Pantry
- Flooring: Carpet, Tile, Wood
- Basement: Finished
- Has fireplace: Yes
- Fireplace features: Family Room, Living Room, Other Room, Wood Burning
Interior area
- Total structure area: 8,847
- Total interior livable area: 8,847 sqft
Video & virtual tour
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
$3,870,500
$3.68M - $4.06M
$4,282/mo
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$430/sqft |
Source: Realty Trust Group, Inc. #9015577 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 97306
Nearby schools
GreatSchools rating
- 4/10Sumpter Elementary SchoolGrades: K-5Distance: 2.9 mi
- 3/10Crossler Middle SchoolGrades: 6-8Distance: 2.4 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Oregon
- Marion County
- Salem
- 97306
- 2554 Cole Rd S









