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$2,750,000 Just Listed
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Property Description
Tour of Homes luxury estate on acreage with stunning valley views! This exceptional residence showcases exposed beams, curved entryways, and high-end finishes throughout. A single-level layout with a full basement offers excellent dual living potential. Enjoy 5 spacious bedrooms-each an en suite with walk-in closets-along with 2 half baths. The chef's kitchen is designed to impress, featuring a 60" gas range, oversized island, and a fully equipped butler's pantry with an additional dishwasher. The lower level is ideal for entertaining with a wet bar complete with mini fridge, ice maker, and dishwasher. Elevated finishes include custom cabinetry, engineered hardwood (waterproof and wear-resistant) and tile flooring throughout-including limestone-natural stone countertops, custom iron railings, and thoughtfully curated lighting and plumbing fixtures. Venetian plaster accents enhance the master shower, range hood, and fireplace, while radiant heated tile floors bring comfort to the upstairs suites. Smart and functional upgrades include Lutron smart home lighting, integrated indoor/outdoor sound, a constant pressure water system with filtration, and a washer/dryer conveniently located in the primary closet.Outdoor living is equally impressive, featuring a covered deck, full outdoor kitchen with a 44" gas range, refrigerator, and pass-through window, gas heaters in the dining area, and an outdoor gas fire table-perfect for year-round enjoyment. The property also offers a hot tub, irrigated landscaping with lighting and raised garden beds, hot/cold outdoor water spigots, and built-in dog kennels with a dedicated dog wash. Additional highlights include a paved asphalt driveway leading to a 1,500 sq ft 3-car garage (mini-split ready and pre-wired), plus an additional 1,200 sq ft of flexible space-ideal for storage, a home office, gym, or more.
Full Property Details
Full Property Details for 5501 Lipscomb St SE
General
- Price: $2,750,000
- Taxes: $6,841 (2025)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 840517
- Updated: 5/6/2026
- Added to Site: 6 day(s) ago
Interior
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 5
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Exterior
- Color: white
Parking
- Garage Description: Attached
Location
- County: SOUTHEAST SALEM
- Driving Directions: gath to lipscomb
School Information
- Elementary School: Turner
- Middle School: Cascade
- High School: Cascade
Heating & Cooling
- Heating/Cooling: Gas, Central AC, Radiant Floor
- Water Heater: Electric
Utilities
- Water: Well
Structural Information
- Basement Desc.: Finished
- Roof: Composition
- Square Feet: 5,943
- Year Built: 2025
Lot Features
- Lot Size (Acres): 2.68
- Lot Size (Sq. Ft.): 116,740
- Zoning: RES
- Lot Description: 1
Financial Considerations
- Price Per Sq. Ft.: $462.73
- Price Per Acre: $1,026,119.4
- Assessment Year: 2025
- Tax Amount: $6,841
- Tax Year: 2025
Disclosures and Reports
- APN: 18'x16'1
- Lot Number: 1
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Schools
Schools serving 5501 Lipscomb St SE
School District:Cascade School District 5
| Name | Grades | Distance |
|---|---|---|
Turner Elementary School 7800 School Avenue, Turner, OR 97392 | K-5 | 2.1 mi |
Cascade Junior High School 10226 Marion Road Southeast, Turner, OR 97392 | 6-8 | 4.7 mi |
Cascade Senior High School 10226 Marion Road Southeast, Turner, OR 97392 | 9-12 | 4.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5501 Lipscomb St SE
Date
Details
Price
Change
Source
5/01/2026
Listed
$2,750,000
—
MLS
Disclaimer: Historical sales 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 5501 Lipscomb St SE
5501 Lipscomb St SE, Salem, OR 97317 (MLS# 840517) is a Single Family property with 5 bedrooms, 5 full bathrooms and 2 partial bathrooms. 5501 Lipscomb St SE is currently listed for $2,750,000 and was received on May 01, 2026. Want to learn more about 5501 Lipscomb St SE? 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.

