2554 Cole Rd S

Salem, OR 97306

$4,200,000
Price
6
Beds
8,847 Sq. Ft.
$475 / Sq. Ft.
8,847
Sq. Ft.
$475
per Sq. Ft.
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Description

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...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 features 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.
  1. Listed by Chris Forrette • Coldwell Banker Mountain West • coldwellbanker@cboregon.com

Property Details for 2554 Cole Road South

Style
Stories2
Parking Features
Driveway
Zoning
SA
View
Mountain, Territorial
Garage Spaces
6.00
Parking Total
6.00
LISTING UPDATED: 10/17/2025 04:59 PM

Property Details for 2554 Cole Road South

StatusActive
MLS #24445114
Days on Market417
Taxes$20,437 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2005
Lot Size32.30 AC / 1,406,987 SF
CountyMarion County

Location

Listing Courtesy of Coldwell Banker Mountain West
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Building Information for 2554 Cole Road South

Stories3Year Built2005Building Size-Lot Size32.30 AC / 1,406,987 SF

Payment Calculator

$22,457 per month

30 year fixed, 6.28% Interest

Principal and Interest

$20,754

Property Taxes

$1,703

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2554 Cole Road South

Summary
Location and General Information
  • Accessibility Features: Accessible Full Bath, Main Floor Bedroom Bath, Walkin Shower
  • Country: US
  • Directions: South on Liberty, Right on Bates,Right on Cole. No Sign, Gated Entry.
  • Road Surface: Paved
School Information
  • Elementary School: Sumpter
  • High School: Sprague
  • Middle Or Junior School: Crossler
Parking
  • Garage Type: Attached, Extra Deep, Oversized
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $20,437.06
  • Parcel Number: 533221
  • Tax Legal Description: ACRES 32.3
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Property
Lot Information
  • Acres: 32.3
  • Lot Description: Gated, Gentle Sloping
  • Lot Size Square Feet: 1406988.0
  • Lot Size Range: Acres20to50
  • Lot Size: 20 to 49.99 Acres
  • SqFt Source: County
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Water Description: Well
  • Property Condition: Resale
  • Year Built: 2005
Utilities
  • Cooling Description: Central Air
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Gas
  • Sewer Description: Septic Tank
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Stone
  • Exterior Features: Athletic Court, Basketball Court, Covered Patio, Fenced, Outbuilding, Patio, Porch, RVParking, RVBoat Storage, Sprinkler, Workshop, Yard
  • Roof Type: Composition
  • RV Description: RVParking, RVBoat Storage
Interior Features
  • Basement: Finished, Full Basement, Storage Space
  • Foundation Details: Concrete Perimeter
  • Window Features: Double Pane Windows
  • Fireplace Description: Wood Burning
  • Fireplaces Total: 3
  • Interior Features: Granite, High Ceilings, Home Theater, Jetted Tub, Laundry, Sound System, Tile Floor, Wallto Wall Carpet, Washer Dryer
  • SqFt Calculated: 8518
  • SqFt Lower Level Total: 329
  • SqFt Main Level Total: 4259
  • SqFt Upper Level Total: 4259
  • Bedrooms Total: 6
  • Stories: 3
  • Baths Total: 7.2
Master Bedroom
  • Room Description: Primary Bedroom
  • Primary Bedroom Additional Features: Double Closet, Double Sinks, Ensuite, Walkin Closet, Walkin Shower, Washer Dryer, Wood Floors
  • Primary Bedroom Level: Main
  • Primary Bedroom SqFt: 693
  • Primary Bedroom Length: 21
  • Primary Bedroom Width: 33
  • Primary Bedroom Features: Bay Window, Fireplace
Bedroom 2
  • Room Description: _2nd Bedroom
  • Bedroom 2 Length: 18
  • Bedroom 2 Width: 22
  • Bedroom 2 Level: Main
  • Bedroom 2 SqFt: 396
  • 2nd Bedroom Features: Bay Window
  • 2nd Bedroom Additional Features: Walkin Closet
Bedroom 3
  • Room Description: _3rd Bedroom
  • Bedroom 3 Length: 17
  • Bedroom 3 Width: 22
  • Bedroom 3 Level: Upper
  • Bedroom 3 SqFt: 374
  • 3rd Bedroom Features: Bathroom
  • 3rd Bedroom Additional Features: Walkin Closet
Dining Room
  • Room Description: Dining Room
  • Dining Room Additional Features: Tile Floor
  • Dining Room Length: 16
  • Dining Room Width: 19
  • Dining Room Level: Main
  • Dining Room SqFt: 304
Family Room
  • Room Description: Family Room
  • Family Room Additional Features: Free Standing Refrigerator, Home Theater, Wallto Wall Carpet, Wet Bar
  • Family Room Length: 35
  • Family Room Width: 35
  • Family Room Level: Main
  • Family Room SqFt: 1225
Kitchen
  • Room Description: Kitchen
  • Kitchen Appliances: Builtin Oven, Builtin Range, Builtin Refrigerator, Butlers Pantry, Cooktop, Dishwasher, Disposal, Double Oven, Down Draft, Gas Appliances, Granite, Microwave, Pantry, Plumbed For Ice Maker, Range Hood, Stainless Steel Appliance, Tile, Trash Compactor, Wine Cooler
  • Kitchen Room Features: Builtin Range, Builtin Refrigerator, Dishwasher, Disposal, Gourmet Kitchen, Microwave, Nook, Pantry, Trash Compactor
  • Kitchen Room Additional Features: Butlers Pantry, Granite, Tile Floor
  • Kitchen RoomLength: 23
  • Kitchen RoomWidth: 22
  • Kitchen Room Level: Main
  • Kitchen Room SqFt: 506
Living Room
  • Room Description: Living Room
  • Living Room Features: Bay Window, Bookcases, Fireplace
  • Living Room Length: 22
  • Living Room Width: 26
  • Living Room Level: Main
  • Living Room SqFt: 572
Baths
  • Baths Lower Level Full: 0
  • Baths Lower Level Partial: 1
  • Baths Lower Level Total: 0.1
  • Baths Main Level Full: 3
  • BathsMainLevelPartial: 1
  • Baths Main Level Total: 3.1
  • Bathrooms Full: 7
  • Baths Partial: 2
  • Total Bathrooms: 9
  • Baths Upper Leve lFull: 4
  • Baths Upper Level Partial: 0
  • Baths Upper Level Total: 4.0
Additional Room 1
  • Additional Room 1 Description: _4th Bedroom
  • Additional Room 1 Length: 12
  • Additional Room 1 Level: Upper
  • Additional Room 1 SqFt: 180
  • Additional Room 1 Width: 15
Additional Room 2
  • Additional Room 2 Description: _5th Bedroom
  • Additional Room 2 Length: 16
  • Additional Room 2 Level: Upper
  • Additional Room 2 SqFt: 304
  • Additional Room 2 Width: 19
Additional Room 3
  • Additional Room 3 Description: Bonus Room
  • Additional Room 3 Length: 29
  • Additional Room 3 Level: Upper
  • Additional Room 3 SqFt: 841
  • Additional Room 3 Width: 29
Additional Room 4
  • Additional Room 4 Features: Balcony, Bathroom
  • Additional Room 4 Additional Features: Walkin Closet
Additional Room 5
  • Additional Room 5 Features: Bathroom
  • Additional Room 5 Additional Features: Walkin Closet
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • SqFt Approximate Building Total: 8847

Property History for 2554 Cole Road South

DateEvent & SourcePriceAppreciation
Oct 12, 2016

Sold (Public Record)

Public Record #580905541

$1,300,900

+8.3% / yr

Sep 23, 2004

Sold (Public Record)

Public Record #143539911

$500,000—
DateEvent & SourcePrice
10/12/2016

Sold (Public Record)

Public Record #580905541

$1,300,900

+8.3% / yr

09/23/2004

Sold (Public Record)

Public Record #143539911

$500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2554 Cole Road South

Taxable ValueLand-Additions-Total-
Tax Record2024$20,437 ($1,703 / month)
Home Facts
Beds5Total Finished SqFt8,847 SqFtAbove Grade Finished SqFt8,847 SqFtStories2Lot Size1,406,988 SqFtStyleSingle Family ResidenceYear Built2005ZoningSACountyMARIONAPN083W29 00200

Schools near 2554 Cole Road South

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Sumpter Elementary School
Public - K to 5
Crossler Middle School
Public - 6 to 8
Sprague High School
Public - 9 to 12
Howard Street Charter School
Charter - 6 to 8
Rating
School
Distance
Sumpter Elementary School
PublicK to 5

Crossler Middle School
Public6 to 8

Sprague High School
Public9 to 12

Howard Street Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2554 Cole Road South, Salem, OR 97306

2554 Cole Road South is a single family home for sale in Salem, OR 97306. This property was listed for sale on November 1, 2024 by Coldwell Banker Mountain West, it's currently listed at $4,200,000. It has been on the market for a total of 417 days and was last sold on October 12, 2016. This listing's school district is Salem-Keizer School District 24j. Nearby schools include Sumpter Elementary School, Crossler Middle School and Sprague High School. 2554 Cole Road South is a 6-bed, 9-bath, 8,847 sqft single family home built in 2005.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Mountain West

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 10/17/2025 04:59 PM