Jeremy Slyh

2554 Cole Rd

Salem, OR
$ 3,900,000 Beds 6 Baths 8 Sq 8,847 Virtual Tour
Monthly Estimate* How much can I afford?

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 features 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.

Active

  • Price
  • $ 3,900,000
  • City
  • Salem
  • Bedrooms
  • 6
  • Full Bathrooms
  • 7
  • County
  • MARION
  • Half Bathrooms
  • 2
  • Area
  • 172
  • Lot Size
  • 32.3 Acres
  • Zip
  • 97306
  • Sqr Footage
  • 8,847
  • Year Built
  • 2005
  • Taxes
  • $ 21053
  • Style
  • Stories2
  • MLS#
  • 375684123
Listed By: HomeSmart Realty Group -
Data Source: Regional Multiple Listing Service (RMLSOR)

Features

General

Sewer SepticTank
Heating ForcedAir
Appliances BuiltinRange,BuiltinRefrigerator,ButlersPantry,Dishwasher,Disposal,GasAppliances,Granite,Microwave,Pantry,PlumbedForIceMaker,SolidSurfaceCountertop,Tile,TrashCompactor
Zoning SA
Garage Spaces 6.0
Architectural Style Stories2
Security Features None
Year Built 2005
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number 533221
Accessibility MainFloorBedroomBath
County Marion
Property Type Residential
HOA No
Full Baths 7
Status Active
Directions South on Liberty,Right on Bates,Right on Cole. No Sign,Gated Entry.
High School Sprague
City Salem
Disclosures Disclosure
MLS Area _172
Lot Size Square Feet 1406988.0
Listing Terms Cash,Conventional,VALoan
Elementary School Sumpter
Tax Annual Amount 21053.32
Middle/Junior High School Crossler
Property Condition Resale
Virtual Tour https://www.youtube.com/watch?v=wQR3yIGvdj4
Standard Status Active
Accessory Dwelling Unit Y/N No
ViewDescription Mountain,Territorial,Valley
Legal Description ACRES 32.3
SeniorCommunityYn False
ADU False

Interior Features

Interior Amenities Granite,HomeTheater,JettedTub,Laundry,SoundSystem,TileFloor,WalltoWallCarpet,WasherDryer
Basement CrawlSpace
Total Fireplaces 3
Fireplace Features WoodBurning
Window Features DoublePaneWindows
Total Bathrooms 7.2
FuelDescription Propane
Total Bedrooms 6
Total Baths 9
1/2 Baths 2

Exterior Features

Exterior Amenities AthleticCourt,BasketballCourt,CoveredPatio,Fenced,Outbuilding,Patio,Porch,RVParking,RVBoatStorage,Sprinkler,Workshop,Yard
Parking Features Driveway,RVAccessParking
Lot Features Gated,GentleSloping
Water Source Well
Total Parking 6.0
Exterior Description Brick,Stone
Foundation Details ConcretePerimeter
Building Area Total 8847.0
Lot Size Acres 32.3
Road Surface Type Gravel

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Hillsboro, OR office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Sumpter Elementary School
Middle School Crossler Middle School
High School Sprague High School

Price History

2/12/2026 Listed $4,200,000
7/24/2026 8% - $3,900,000

Property vs Zip Code Average in 97306

Price
AVG $670K
$3.9M
Taxes
AVG $20,150
$21,053
Year Built
AVG 2003
2005
Visits
AVG 41
306
Data Provided by Inside Real Estate®

Areas That We Cover

2554 Cole Rd Salem, OR is a Single Family Home for sale at $3900000 with 8847 sqft and a lot size of 32.3 Acres Acre(s). 2554 Cole Rd Salem has 6 bedrooms, 7 baths and was built in 2005. The property's zip code is 97306 which is in Salem, OR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Jeremy Slyh

Jeremy Slyh

971-297-3357

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