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$4,200,000
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Property Description
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.
Full Property Details
Full Property Details for 2554 Cole Rd
General
- Price: $4,200,000
- Taxes: $21,053 (2025)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 837184
- Updated: 1/31/2026
- Added to Site: 27 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. Gated Entry.
School Information
- Elementary School: Sumpter
- Middle School: Crossler
- High School: Sprague
Heating & Cooling
- Heating/Cooling: Propane, Central AC, Forced Air
- Water Heater: Propane
Utilities
- Water: Well
Structural Information
- Basement Desc.: Finished
- Roof: Tile
- Square Feet: 8,847
- Year Built: 2005
Lot Features
- Lot Size (Acres): 32.3
- Lot Size (Sq. Ft.): 1,406,988
- Zoning: SA
- Lot Description: M&B
Financial Considerations
- Price Per Sq. Ft.: $474.74
- Price Per Acre: $130,030.96
- Assessment Year: 2005
- Tax Amount: $21,053
- Tax Year: 2025
Disclosures and Reports
- APN: 12x15
- Lot Number: M&B
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Schools
Schools serving 2554 Cole Rd
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
Date
Details
Price
Change
Source
1/31/2026
Listed
$4,200,000
222.85%
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
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
2554 Cole Rd, Salem, OR 97306 (MLS# 837184) is a Single Family property with 5 bedrooms, 7 full bathrooms and 2 partial bathrooms. 2554 Cole Rd is currently listed for $4,200,000 and was received on January 31, 2026. 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.

