This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/48
$4,200,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/48
Property 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 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.
Full Property Details
Full Property Details for 2554 Cole Rd S
General
- Price: $4,200,000
- Taxes: $20,437 (2023)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 821899
- Updated: 10/17/2025
- Added to Site: 440 day(s) ago
Interior
- Flooring: Carpet, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 9
- Full Bathrooms: 7
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Garage Description: Attached
Location
- County: SOUTH SALEM
- Driving Directions: South on Liberty, Right on Bates, Right on Cole. No Sign, Gated Entry.
School Information
- Elementary School: Sumpter
- Middle School: Crossler
- High School: Sprague
Heating & Cooling
- Heating/Cooling: Gas, Central AC, Forced Air
- Water Heater: Gas
Utilities
- Water: Well
Structural Information
- Basement Desc.: Finished
- Roof: Composition
- Square Feet: 8,847
- Year Built: 2005
Lot Features
- Lot Size (Acres): 32.3
- Lot Size (Sq. Ft.): 1,406,988
- Zoning: EFU
- Lot Description: M&B
Financial Considerations
- Price Per Sq. Ft.: $474.74
- Price Per Acre: $130,030.96
- Assessment Year: 2005
- Tax Amount: $20,437
- Tax Year: 2023
Disclosures and Reports
- APN: 12x15
- Lot Number: M&B
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 2554 Cole Rd S
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Sumpter Elementary School 525 Rockwood Street Southeast, Salem, OR 97306 | K-5 | 2.9 mi |
Crossler Middle School 1155 Davis Road South, Salem, OR 97306 | 6-8 | 2.3 mi |
Sprague High School, Salem, OR 2373 Kuebler Boulevard, Salem, OR 97302 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2554 Cole Rd S
Date
Details
Price
Change
Source
7/03/2025
Price Reduced
$4,200,000
-1.75%
MLS
11/01/2024
Listed
$4,275,000
228.62%
MLS
10/12/2016
Sold
$1,300,900
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2554 Cole Rd S
Year
Property Taxes
Change
Tax Assessment
Change
2024
$20,437
2%
$1,610,332
3%
2023
$19,948
5%
$1,563,555
6%
2021
$18,969
-3%
$1,475,300
-3%
2022
$19,460
5%
$1,518,399
6%
2020
$18,459
7%
$1,432,450
3%
2019
$17,252
-4%
$1,390,870
1%
2018
$17,907
53%
$1,378,490
34%
2017
$11,705
13%
$1,024,960
11%
2016
$10,374
-31%
$925,230
-27%
2015
$14,985
1%
$1,266,600
—
2014
$14,771
-3%
$1,269,550
-1%
2013
$15,247
—
$1,285,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2554 Cole Rd S
2554 Cole Rd S, Salem, OR 97306 (MLS# 821899) is a Single Family property with 5 bedrooms, 7 full bathrooms and 2 partial bathrooms. 2554 Cole Rd S is currently listed for $4,200,000 and was received on November 01, 2024. Want to learn more about 2554 Cole Rd S? Do you have questions about finding other Single Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

