3471 Cole Rd S, Salem, OR 97306 - Legacy Real Estate

Listing courtesy of KNIPE REALTY ERA POWERED Direc: 503-932-0975

$2,500,000

Spectacular home and land located in a lovely south Salem country setting with some flat pastures & gentle rolling slopes. Featuring a 5-bedroom, 3-full bath, and 2-half bath plan. Kitchen boasts Hickory Cabinets and Granite Counters w/an Island & Pantry. Gas Range and Dual Convection Ovens add inspiration. Overlooking stunning… Read More mountain and territorial views, just steps to an expansive outdoor deck on two sides of the home, perfect for entertaining. Main bedroom suite is spacious w/high ceilings (see add't) hardwood flrs, real wood FP, large walk-in closet & balcony. Bathroom adorned w/jetted tub, large his & her tiled shower, 2-sinks and a gas FP. Main level features 1-bedroom, office-bonus rm and a comfortable living room w/gas FP. Downstairs you will find the family room w/game or theater options, a half-bath and 2-bedrooms with a Jack & Jill bath. Behind this … a safe room with monitored multi-camera security system, A/V wiring hub & central vacuum. Attached is a dual living apartment w/a living area, bedroom, full bath and a small kitchen, w/its own water heater & entrance. The first two-car garage has a mud room with utility shower and sink. Recent improvements inc a new roof, newer interior/exterior paint, large number of electrical upgrades including lighting, water faucets and a newer heat pump & new satellite internet. The outdoors greets you with thoughtfully landscaped architecture, inc a large patio, a paver patio w/Gas Firepit, Koi Pond and a Hot Tub. All plumbing & electrical services are underground. The grounds feature 7-separate fenced pastures each stubbed w/water irrigation hookups. Automated gated entryway enjoys Wi-Fi connectivity. The second two-car garage or shop is attached to the barn with heat & half-bath options. The barn is a fully enclosed 60’ x 90’ arena w/lighting & tall RV sliding doors on both sides. Adjacent are 5-large horse stalls each with an automatic watering system & drainage. Outside are three covered bays for hay, equipment, etc. A rain catchment system next to barn gathers & stores 5,000-gallons of water in 2-cisterns. There is a custom high-end tree house with water and power. Low property taxes comparative to value. Barn and land can be re-purposed for a variety of uses. Maybe a Sports Court, Storage Facility, Hobby Farm, Event Hosting (Weddings or Parties) or even a B & B? There is a back entrance to property with access to the outbuildings. A truly amazing place to call home where you can make your dreams come true! Read Less

Listing Snapshot

Days Online

Last Updated

Jun 25, 2026

Property Type

Residence

Beds

Full Baths

Partial Baths

Square Ft.

4,498

Lot Size

20.19 Acres

Year Built

2005

MLS Number

839753

Additional Details

Building

Built in 2005, 4498 approximate total square feet, Square footage source: County

Lot

20.19 acres, Lot is approximately 879476 square feet

Exterior Features

Color: Beige/Tan

Living Room

Living room on level 1/Main

Dining Room

Dining room on level 1/Main

Family Room

Family room on level Lower/Basement

Kitchen

Kitchen on level 1/Main

Primary Bedroom

Master bedroom on level 2/Upper

Second Bedroom

Second bedroom on level Lower/Basement

Third Bedroom

Third bedroom on level Lower/Basement

Fourth Bedroom

Fourth bedroom on level 2/Upper

Garage

Garage type: Attached

Taxes

Tax years: 25-26, Tax amount: $6,569

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