Listed by CHRIS FORRETTE, Homesmart Realty Group, (971) 599-5865
2554 Cole Rd S
Salem, OR 97306
5 Beds
8 Baths
8,847 sqft (on 32.30 acres)
$4,200,000
$4,200,000
5 Beds
8 Baths
8,847 sqft
(on 32.30 acres)
Local Information
- Map ViewExplore the area around 2554 Cole Rd S.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Last check for updates: about 9 hours ago
Listing courtesy of CHRIS FORRETTE, (503) 409-3542
Homesmart Realty Group
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.
Home Highlights
Parking
4 Car Garage
Outdoor
Patio
A/C
Heating & Cooling
HOA
None
Price/Sqft
$475
Listed
160 days ago
Home Details for 2554 Cole Rd S
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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 |
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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 |
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Days on Market: 160 |
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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 |
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Price List Price: $4,200,000Price Per Sqft: $475 |
Status Change & Dates Possession Timing: COE+60 |
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MLS Status: ACTIVE |
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Direction & Address City: Salem |
School Information Elementary School: SumpterJr High / Middle School: CrosslerHigh School: Sprague |
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Listing Agent Listing ID: 837184 |
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Building Area Building Area: 8847 Square Feet |
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Not Senior Community |
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No HOA |
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Lot Area: 32.3 Acres |
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Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional |
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Mobile Home Park Mobile Home Units: Feet |
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BasementMls Number: 837184Attribution Contact: Cell: 503-409-3542 |
Market trends in Salem
Last updated May 2026
Avg. sale price
$422K
$3.82KMoM
Sale-to-List Price
100.0%
Price per sq ft
$270
$5MoM
Available listings
822
118MoM
Price History for 2554 Cole Rd S
| Date | Price | Event | Source |
|---|---|---|---|
| 01/31/2026 | $4,200,000 | Listed For Sale | WVMLS #837184 |
| 01/28/2026 | $4,200,000 | ListingRemoved | WVMLS #821899 |
| 07/03/2025 | $4,200,000 | PriceChange | WVMLS #821899 |
| 11/01/2024 | $4,275,000 | Listed For Sale | WVMLS #821899 |
| 10/14/2016 | $1,300,900 | Sold | RMLS (OR) #16633831 |
| 08/30/2016 | $1,299,900 | Pending | Agent Provided |
| 07/13/2016 | $1,299,900 | PriceChange | Agent Provided |
| 05/18/2016 | $1,399,900 | Listed For Sale | Agent Provided |
| 09/27/2015 | $0 | ListingRemoved | Agent Provided |
| 04/07/2015 | $0 | Listed For Sale | Agent Provided |
| 12/20/2010 | $3,800,000 | ListingRemoved | Agent Provided |
| 02/27/2009 | $3,800,000 | Listed For Sale | Agent Provided |
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Comparable Sales for 2554 Cole Rd S
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.35 | Single-Family Home | $1,200,000 | 10/08/25 | 4 | 4 | 5,400 | |
0.15 | Single-Family Home | $1,080,000 | 03/16/26 | 4 | 3 | 2,424 | |
0.49 | Single-Family Home | $1,425,000 | 11/13/25 | 3 | 3.5 | 4,640 | |
0.61 | Single-Family Home | $1,420,000 | 04/30/26 | 4 | 3.5 | 4,092 | |
0.41 | Single-Family Home | $615,000 | 10/07/25 | 5 | 3 | 2,760 | |
0.48 | Single-Family Home | $780,000 | 07/25/25 | 3 | 2 | 1,817 | |
0.64 | Single-Family Home | $617,000 | 11/18/25 | 3 | 2.5 | 2,480 | |
1.31 | Single-Family Home | $1,150,000 | 09/24/25 | 5 | 4.5 | 3,440 | |
0.75 | Single-Family Home | $710,712 | 11/03/25 | 3 | 3 | 1,922 | |
0.73 | Single-Family Home | $700,000 | 03/20/26 | 3 | 2 | 1,772 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
FOR SALENEW - 2 DAYS AGONEW CONSTRUCTIOND. R. Horton, Inc Portland, Active
SOLDOCT 8, 2025Berkshire Hathaway Homeservices Northwest Real Estate
SOLDAPR 30, 2026Homesmart Realty Group
SOLDNOV 18, 2025Brighthome Real Estate Group
Assigned Schools
These are the assigned schools for 2554 Cole Rd S.
- Crossler Middle School
- 6-8
- Public
- 804 Students
3/10GreatSchools RatingParent Rating AverageI went to Crossler Middle School all three years of middle school, and heres what I have to say. Overall, the learning is average. I feel like it depends how easy the students pick up on the material, but I feel like I learned a lot. And all of the teachers are so great! And the counseling department is so wonderful. Whenever I had a issue, my counselor would always find a time to meet with me. And dont get me started on the specail education program. It is fantastic! I worked as a peer mentor in this school unified PE program for two years and it has heavily expacted me. Ive learned to see people as they are and it overall has helped become a more rounded and helpful person. We also go on fieldtrips playing basketball or kickball and those are so fun! Its so fun to meet other kids from different schools and hear their stories!! The safety is also very well too. Over my three years at Crossler, there had only been one real lockdown drill which eventually we found out was some students making a fake threat, but they practice every diaster you could have once a month, so we were all very prepared. And there is rarely any fights. And this school very much does enagage families. Theirs concerts, sports game, avid night if your in avid, student of the month breakfast, back to school night and so much more. If your thinking about moving to South Salem have you kid go to Crossler. It was a amazing experience.Other Review7mo ago - Sumpter Elementary School
- K-5
- Public
- 451 Students
4/10GreatSchools RatingParent Rating AverageI have had a very good experience at Sumpter!Parent Review5y ago - Sprague High School
- 9-12
- Public
- 1712 Students
6/10GreatSchools RatingParent Rating AverageThis is a messed up school system creating lies saying I was a victim of sexual assault when I wasn’t and took the only good person in my life away from me. ZEROOOO STARSSStudent Review2y ago 
Check out schools near 2554 Cole Rd S.
What Locals Say about Salem
At least 1135 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.
LGBTQ Local Legal Protections
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.
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.