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$4,200,000

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 7 Full Baths
  • 2 Partial Baths
  • 8,847 Sq. Ft.
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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.

Full Property Details for 2554 Cole Rd

General

  • Price: $4,200,000
  • Taxes: $20,437 (2024)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 24445114
  • Updated: 10/17/2025
  • Added to Site: 444 day(s) ago

Interior

  • Interior Features: Granite, High Ceilings, Home Theater, Jetted Tub, Laundry, Sound System, Tile Floor, Wall to Wall Carpet, Washer/Dryer
  • Fireplace: Yes
  • Number of Fireplaces: 3
  • Fireplace(s): Wood Burning
  • Appliances: Built-in Oven, Built-in Range, Built-in Refrigerator, Butler's Pantry, Cooktop, Dishwasher, Disposal, Double Oven, Down Draft, Gas Appliances, Granite, Microwave, Pantry, Plumbed For Ice Maker, Range Hood, Stainless Steel Appliance(s), Tile, Trash Compactor, Wine Cooler

Rooms

Bathrooms

  • Total Bathrooms: 9
  • Full Bathrooms: 7
  • Partial Bathrooms: 2
  • Upper - Full Baths: 4
  • Main - Full Baths: 3

Bedrooms

  • Total Bedrooms: 6
  • Primary Bedroom: 21 x 33, Main, 693 Sq. Ft.
  • Bedroom 2: 18 x 22, Main, 396 Sq. Ft.
  • Bedroom 3: 17 x 22, Upper, 374 Sq. Ft.
  • Bedroom 4: 12 x 15, Upper, 180 Sq. Ft.
  • Bedroom 5: 16 x 19, Upper, 304 Sq. Ft.

Other Rooms

  • Living Room: 22 x 26, Main, 572 Sq. Ft.
  • Family Room: 35 x 35, Main, 1,225 Sq. Ft.
  • Kitchen: 23 x 22, Main, 506 Sq. Ft.
  • Dining Room: 16 x 19, Main, 304 Sq. Ft.

Exterior

  • Exterior Features: Athletic Court, Basketball Court, Covered Patio, Fenced, Outbuilding, Patio, Porch, RV Parking, RV/Boat Storage, Sprinkler, Workshop, Yard

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Total Spaces: 6
  • Parking Features: Driveway

Location

  • County: Marion
  • 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

Community

  • Community Name: 172 - Marion Co: South Salem

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Septic Tank
  • Water: Well
  • Well: Yes

Structural Information

  • Property Detached: Yes
  • Architectural Style: 2 Story
  • Basement Desc.: Finished, Full Basement, Storage Space
  • Roof: Composition
  • Windows: Double Pane Windows
  • Stories/Levels: 3
  • Square Feet: 8,847
  • Year Built: 2005
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 32.3
  • Lot Size (Sq. Ft.): 1,406,988
  • Lot Size: 20 to 49.99 Acres
  • Frontage: Paved
  • Lot Features: Gated, Gentle Sloping

Financial Considerations

  • Tax Amount: $20,437.06
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: ACRES 32.3
  • Disclosures/Reports: Disclosure
  • Property ID: 533221

Listed by Coldwell Banker Mountain West (503) 364-9596, Chris Forrette (503) 409-3542

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Listing agent

— 2554 Cole Rd —

  • Chris Forrette

    Coldwell Banker Mountain West

    503-364-9596

coldwellbanker@cboregon.com

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 2554 Cole Rd

School District:Salem-Keizer School District 24j
NameGradesDistance
Sumpter Elementary School
525 Rockwood Street Southeast, Salem, OR 97306
K-52.9 mi
Crossler Middle School
1155 Davis Road South, Salem, OR 97306
6-82.3 mi
Sprague High School, Salem, OR
2373 Kuebler Boulevard, Salem, OR 97302
9-122.9 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 Get Price Alerts and Save Property

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
Get Price Alerts and Save Property
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 for 2554 Cole Rd

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
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Coldwell Banker Mountain West (503) 364-9596, Chris Forrette (503) 409-3542

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2554 Cole Rd, Salem, OR 97306 (MLS# 24445114) is a Single Family property with 6 bedrooms, 7 full bathrooms and 2 partial bathrooms. 2554 Cole Rd is currently listed for $4,200,000 and was received on November 01, 2024. Want to learn more about 2554 Cole Rd? 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.

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