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For sale
  • Listed by: 

    CHRIS FORRETTE Agent:503-409-3542,

    Coldwell Banker Mountain West Real Estate, Inc.

    $4,200,000

    2554 Cole Rd S, Salem, OR 97306

    5beds
    8,847sqft
    : 
    Single Family Residence
    Built in 2005
    32.3 Acres Lot
    $-- Zestimate®
    $475/sqft
    $-- HOA

    What's special

    Cozy fireplaceBeautiful fireplaceDedicated movie theaterWorkout roomSitting areaBuilt-in bbqTwo formal dining rooms
    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 has a 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.
    433 days
    |
    2,235
    |
    103
    |

    Zillow last checked: 8 hours ago

    Listing updated: October 20, 2025 at 04:08pm

    Listed by:

    CHRIS FORRETTE Agent:503-409-3542,

    Coldwell Banker Mountain West Real Estate, Inc.

    Source: WVMLS,MLS#: 821899MLS Logo

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 9
    • Full bathrooms: 7
    • 1/2 bathrooms: 2
    Primary bedroom
    • Level: Main
    • Area: 693
    • Dimensions: 21 x 33
    Bedroom 2
    • Level: Main
    • Area: 396
    • Dimensions: 18 x 22
    Bedroom 3
    • Level: Upper
    • Area: 374
    • Dimensions: 17 x 22
    Bedroom 4
    • Level: Upper
    • Area: 180
    • Dimensions: 12 x 15
    Dining room
    • Features: Area (Combination), Formal
    • Level: Main
    • Area: 304
    • Dimensions: 16 x 19
    Family room
    • Level: Main
    • Area: 1225
    • Dimensions: 35 x 35
    Kitchen
    • Level: Main
    • Area: 506
    • Dimensions: 23 x 22
    Living room
    • Level: Main
    • Area: 572
    • Dimensions: 22 x 26
    Heating
    • Natural Gas, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Gas Range, Built-In Range, Microwave, Gas Water Heater
    Features
    • Den, Rec Room, Walk-in Pantry
    • Flooring: Carpet, Tile, Wood
    • Basement: Finished
    • Has fireplace: Yes
    • Fireplace features: Living Room, Other Room, Wood Burning
    Interior area
    • Total structure area: 8,847
    • Total interior livable area: 8,847 sqft
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    Property

    Parking
    • Parking features: Attached, RV Access/Parking
    • Attached garage spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered Patio, Patio
    • Fencing: Partial
    • Has view: Yes
    • View description: Mountain(s), Territorial
    Lot
    • Size: 32.3 Acres
    • Features: Dimension Above, Landscaped
    Details
    • Additional structures: Workshop, RV/Boat Storage
    • Zoning: EFU

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Brick, Rock
    • Foundation: Continuous
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 2005

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well

    Community & HOA

    Community
    • Security: Security System Owned
    HOA
    • Has HOA: No
    Location
    • Region: Salem

    Financial & listing details

    • Price per square foot: $475/sqft
    • Annual tax amount: $20,437
    • Price range: $4.2M - $4.2M
    • Date on market: 11/1/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Inclusions: Sub Zero Fridge, 2nd Fridge, Window Coverings
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $4,544/mo

    Price history

    Price history
    DateEventPrice
    7/3/2025Price change$4,200,000-1.8%$475/sqft
    Source: WVMLS #821899 Report a problem
    11/1/2024Listed for sale$4,275,000+228.6%$483/sqft
    Source: RMLS (OR) #24445114 Report a problem
    10/14/2016Sold$1,300,900+0.1%$147/sqft
    Source: RMLS (OR) #16633831 Report a problem
    8/30/2016Pending sale$1,299,900$147/sqft
    Source: Blum Real Estate #16633831 Report a problem
    7/13/2016Price change$1,299,900-7.1%$147/sqft
    Source: BLUM REAL ESTATE #704487 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $20,591/mo
    Principal & interest
    $16286
    Property taxes
    $2835
    Home insurance
    $1470

      Climate risks

      Neighborhood: 97306

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Sumpter
      • Middle: Crossler
      • High: Sprague

      Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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