2554 Cole Rd S, Salem, OR 97306
Property image
Property image
FOR SALE
3D VIEW
32.3 ACRES
Listed by CHRIS FORRETTE, Homesmart Realty Group, (503) 409-3542

$3,900,000

Original price: $4,200,000
  • 5 Beds
  • 8 Baths
  • 8,847 sqft (on 32.30 acres)

2554 Cole Rd S, Salem, OR 97306

Est. Mortgage $23,465/mo*
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Home Highlights

Single-Family Home
Built in 2005
32.3 acre lot
$441/sqft
4 Car Garage

Local Information

  • Map ViewExplore the area around 2554 Cole Rd S.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.

Home Details for 2554 Cole Rd S

Interior Features

Interior Details
Basement: FinishedNumber of Rooms: 8Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 9Number of Bathrooms (full): 7Number of Bathrooms (half): 2
Dimensions and Layout
Living Area: 8847 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Disposal, Built-In Range, MicrowaveDishwasherDisposalLaundry: Main LevelMicrowave
Heating & Cooling
Heating: Propane,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Propane
Fireplace & Spa
Fireplace: Family Room, Living Room, Other Room, Wood BurningHas a Fireplace
Gas & Electric
Electric: 1/Main
Windows, Doors, Floors & Walls
Flooring: Carpet, Tile, Wood
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Carpet, Tile, Wood
View
Has a ViewView: Mountain(s), Territorial

Exterior Features

Exterior Home Features
Roof: TilePatio / Porch: PatioFencing: PartialOther Structures: Workshop, RV/Boat StorageFoundation: Continuous
Parking & Garage
Number of Garage Spaces: 4No CarportHas a GarageHas an Attached GarageParking: Attached,RV Access/Parking
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Tank
Farm & Range
Does Not Include Irrigation Water Rights

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 2005
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Brick, RockNot a New ConstructionDoes Not Include Home Warranty
Property Information
Included in Sale: Sub Zero Fridge, 2nd Fridge, WindowCoverings

Price & Status

Price
List Price: $3,900,000Price Per Sqft: $441
Status Change & Dates
Possession Timing: COE+60

Active Status

MLS Status: ACTIVE

Media

Location

Direction & Address
City: Salem
School Information
Elementary School: SumpterJr High / Middle School: CrosslerHigh School: Sprague

Agent Information

Listing Agent
Listing ID: 837184

Building

Building Area
Building Area: 8847 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 32.3 Acres

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Miscellaneous

BasementMls Number: 837184Attribution Contact: Cell: 503-409-3542

Around this home

What Locals Say about Salem

At least 1137 Trulia users voted on each feature.

  • 86 % Say it's dog friendly

  • 83 % Say there are sidewalks

  • 81 % Say car is needed

  • 77 % Say parking is easy

  • 76 % Say yards are well-kept

  • 73 % Say there's holiday spirit

  • 70 % Say kids play outside

  • 59 % Say it's walkable to grocery stores

  • 55 % Say it's quiet

  • 55 % Say people would walk alone at night

  • 54 % Say streets are well-lit

  • 52 % Say it's walkable to restaurants

  • 50 % Say neighbors are friendly

  • 50 % Say they plan to stay for at least 5 years

  • 41 % Say there's wildlife

  • 23 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "We have a street BBQ and potluck each year in August. All neighbors are invited. So much fun and a good way to meet any new neighbors . "
    0
    Flag
  • Arctic
    "Lots of noise from the train tracks and loud vehicles on River Road. The train horn at 1:00A - 5:00A is really bad, especially on weekends "
    0
    Flag
  • Hmy6bcjtgr
    "Urban environment without urban conveniences. "
    0
    Flag
  • Matthewdavisdpt
    "There are a lot of dog parks and tons of people that have dogs and tons of dog grooming services and there is lots of vet services"
    0
    Flag
  • Veeda.e.h
    "Not too bad easy access for a bus stop on the main road quick short walk to the bus stop. !!! 5 min walk!!!! "
    0
    Flag
  • Rodmlan
    "I am close to the stores, school and my work. Where i live is really quiet and not much noise or break ins"
    0
    Flag
  • Matthewdavisdpt
    "We have fun school events basketball, football, soccer, baseball, graduation, plays, comic shows, plays and lots of churches with active charity"
    0
    Flag
  • Matthewdavisdpt
    "You see people walking their dogs all the time, dogs are always welcome here, just clean up your dog pooo"
    0
    Flag
  • Andrea
    "We live in the country so not a lot of dog walking. Dogs play on their own property. Most people have animals."
    0
    Flag
  • Mohamedamen Mohamed
    "Safe and great side walk, quite and peaceful, great schools high and elementary school in the area. "
    0
    Flag
  • Tilly R
    "Some valentines events but there’s usually not many it seems people just keep to themselves here because they are older and don’t want to interact with anybody"
    0
    Flag
  • Melissa Medina
    "I have lived in this same neighborhood since I was 6. I have gone to the same schools around here as my kids. Great memories!"
    1
    Flag
  • Mtp8cp42jn
    "Great place to raise children. Well manicured gardens and lawns. Dog friendly. Very cute. Very nice, newer houses"
    0
    Flag
  • Pdxduck
    "I drive 17 minutes to and from work. I live in West Salem and work in Amity, Oregon. I work for a Willamette Valley winery."
    0
    Flag
  • Haley Kjemperud
    "Dog park for the hoa members. Paved areas, lots of paths... That’s all I have to say about it but it’s "
    0
    Flag
  • Rae C.
    "People walk their dogs often in the area and are welcomed by most. Most people in the area are dog owners."
    0
    Flag
  • Amberly Sowers
    "There’s a nice large all-ages park nearby. But I hear police cars all the time and people drive so fast along the large stretch of road"
    0
    Flag
  • Cassia Ouderkirk
    "Neighbors watch out for each other. Very friendly and supportive. I love living here now for 5 months"
    0
    Flag
  • Mike Bernard
    "Just at the edge of city limits so we get deer and other wildlife in the neighborhood. It is a well established neighborhood with good neighbors. "
    1
    Flag
  • Brenda
    "You need to be diligent about random people walking around or parking suspiciously late at night. But for the most part, it’s 70% safe. "
    0
    Flag
  • Brenda
    "It’s a working class neighborhood- if you’re from here you feel safe. The houses are much much older than others."
    0
    Flag
  • Brenda Lynn
    "It’s a working class neighborhood with good people. Although the houses aren’t classified as desirable compared to others, the home owners are very friendly and do their best to maintain their yards. Their homes. It’s very common to see them walk their dogs & greet one another. "
    1
    Flag
  • Carissa Grambusch
    "Our neighbors are awesome! We are all one big neighborhood family. Everyone works together to make it a better place. "
    1
    Flag
  • Shelly Love
    "Very quiet and well maintained by residents. Neighbors look out for one another. Yards are maintained and most homes follow parking rules with an occasional offender."
    0
    Flag
  • Billy Liebertz
    "We have great dog parks.and pet stores in the area that have all pet needs. People are very friendly and pick up after their dogs "
    1
    Flag
  • Dina Young
    "It’s a generally quiet safe neighborhood with many families and very dog friendly. Not far from shopping and restaurants "
    0
    Flag
  • Bunds831
    "Idk I was a passenger and was not driving myself . It seems to be easily navigated though easy on and off of the freeways "
    2
    Flag
  • Trulia User
    "Stay safe out there always this is a good neighborhood but you can never be to careful! I would recommend "
    1
    Flag
  • Trulia User
    "A car is needed. Public transportation is a few blocks away from the house. The bridge to west Salem is not much of a problem even at the height of rush hour "
    0
    Flag
  • Trulia User
    "I’m retired now but there is a ton of traffic on commute from West Salem to out south Salem. We need a second bridge. "
    0
    Flag
  • Trulia User
    "My neighborhood is close to everything and I liked because the people is friendly. I would like to move because I need more space "
    1
    Flag
  • Trulia User
    "Low crime rate area, safe for kids to play outside. People are friendly and family oriented. Pick up after their pets and have them leashed when necessary "
    1
    Flag
  • S.Young
    "Great public transportation ! Close to shopping. Watch children closely if you live on Lancaster. Close to school K-6. "
    0
    Flag
  • Trulia User
    "There are no community events. The fire stations do toy drives around the holidays and that’s really it, the shootings and the homeless population make it hard to want to go outside of your home "
    2
    Flag
  • Trulia User
    "Nice community to live in. Schools and parks are near by. I do not have children living in the neighborhood."
    0
    Flag
  • Trulia User
    "the area is up in coming... some not so great steets but plenty of good ones in between. very busy cross street "
    0
    Flag
  • Barry R.
    "We all join in on July 4th weekend activities, we are the fun neighborhood ......................we are family neighborhood watch participants "
    1
    Flag
  • Carissa G.
    "we have two ice cream trucks! the kids love it! tip, if you buy the ice cream from the white truck they are nice and polite."
    1
    Flag
  • Hockeybum
    "Great neighborhood to live in and I have owned two homes here and would highly recommend it to others."
    2
    Flag
  • Jennyfairlight
    "We have a community garden, a Fourth of July kid’s parade, and every Halloween the is full of trick or treaters and neighbors passing out candy. The neighborhood has provided great community for us."
    1
    Flag

Market trends in Salem

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$441K
$4.58KMoM
Sale-to-List Price
100.0%
Price per sq ft
$271
$5MoM
Available listings
938
50MoM

Home Value

Trulia Estimate
$3.66M
Since last month
Increased$54K (+1.5%)
Since last year
Decreased$254K (-6.5%)
Since last sale
Increased$2M (+181.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +187% in the last 10 years
MonthEstimated value
2026
September 2026$3.66M
August 2026$3.61M
July 2026$3.61M
June 2026$3.86M
May 2026$3.87M
April 2026$3.9M
March 2026$3.94M
February 2026$4M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2521 Concomly Rd S, Salem, OR
0.35
Single-Family Home
$1,200,000
10/08/25
4
4
5,400
2752 Cole Rd S, Salem, OR
0.15
Single-Family Home
$1,080,000
03/16/26
4
3
2,424
2721 Concomly Rd S, Salem, OR
0.49
Single-Family Home
$1,425,000
11/13/25
3
3.5
4,640
8368 Konaway Loop S, Salem, OR
0.61
Single-Family Home
$1,420,000
04/30/26
4
3.5
4,092
7994 Bates Rd S, Salem, OR
0.41
Single-Family Home
$615,000
10/07/25
5
3
2,760
7244 Bates Rd S, Salem, OR
0.64
Single-Family Home
$617,000
11/18/25
3
2.5
2,480
2742 McAhren Ln S, Salem, OR
1.31
Single-Family Home
$1,150,000
09/24/25
5
4.5
3,440
2025 Cole Rd S, Salem, OR
0.75
Single-Family Home
$710,712
11/03/25
3
3
1,922
1981 C J Way S, Salem, OR
0.73
Single-Family Home
$700,000
03/20/26
3
2
1,772
3834 W Nanitch Cir S, Salem, OR
1.38
Single-Family Home
$1,225,000
12/17/25
5
3
3,996

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
2752 Cole Rd S, Salem, OR 97306
0.15
$1,080,000
4
3
2,424
Recently Sold
2521 Concomly Rd S, Salem, OR 97306
0.35
$1,201,200
4
4
5,400
Off Market
7565 Bates Rd S, Salem, OR 97306
0.41
$823,600
6
3
3,544
Off Market
7994 Bates Rd S, Salem, OR 97306
0.41
$615,600
5
3
2,760
Off Market
2721 Concomly Rd S, Salem, OR 97306
0.49
$1,427,000
3
3.5
4,640
Off Market
7428 Stilson Ln S, Salem, OR 97306
0.48
$776,800
3
2
1,817
Off Market
7255 Bates Rd S, Salem, OR 97306
0.52
$647,400
3
2
1,620
Off Market
3021 Concomly Rd S, Salem, OR 97306
0.60
$1,395,000
3
2.5
3,094
For Sale
8368 Konaway Loop S, Salem, OR 97306
0.61
$1,420,000
4
3.5
4,092
Recently Sold
7244 Bates Rd S, Salem, OR 97306
0.64
$618,000
3
2.5
2,480
Off Market
2725 Kaloken Ct S, Salem, OR 97306
0.67
$1,499,000
4
3.5
5,047
For Sale

Price and Tax history

DateEventPrice
Jul 24, 2026
Source: WVMLS #837184
PriceChange
$3,900,000
Price decreased by 7%
Jan 31, 2026
Source: WVMLS #837184
Listed For Sale
$4,200,000
Jan 28, 2026
Source: WVMLS #821899
ListingRemoved
$4,200,000
Jul 3, 2025
Source: WVMLS #821899
PriceChange
$4,200,000
Price decreased by 2%
Nov 1, 2024
Source: WVMLS #821899
Listed For Sale
$4,275,000

LGBTQ Local Legal Protections

CHRIS FORRETTE, Homesmart Realty Group
Agent Phone: (503) 409-3542
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
Zillow, Inc. Randy Carroll, (206) 516-2255

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Frequently asked questions about 2554 Cole Rd S

  • What is the estimated monthly payment for 2554 Cole Rd S?
    Based on a $3,900,000 list price with 20% down at today's rates, the estimated monthly payment for 2554 Cole Rd S in Salem, OR is approximately $23,890 (about $21,182 principal & interest, $2,633 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 2554 Cole Rd S compare to homes in Salem?
    2554 Cole Rd S in Salem, OR is listed at $3,900,000, about 785% above the $441K median sale price in Salem.
  • What do residents say about Salem?
    Residents describe Salem, OR as dog-friendly, pedestrian-friendly, and easy to park in. See homes for sale in Salem, OR.
  • What are the closest schools to 2554 Cole Rd S?
    The closest schools to 2554 Cole Rd S in Salem, OR are Crossler Middle School (rated 3/10), Sprague High School (rated 6/10), Sumpter Elementary School (rated 4/10).
  • Does 2554 Cole Rd S have air conditioning?
    Yes, 2554 Cole Rd S in Salem, OR has air conditioning.
  • Does 2554 Cole Rd S have laundry facilities?
    Yes, 2554 Cole Rd S in Salem, OR has laundry facilities.
2554 Cole Rd S, Salem, OR 97306 is a 5 bedroom, 9 bathroom, 8,847 sqft single-family home built in 2005. This property is currently available for sale and was listed by WVMLS on Jan 31, 2026. The MLS # for this home is MLS# 837184.