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5501 Lipscomb St, Salem, OR 97317 — photograph 1

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5501 Lipscomb St, Salem, OR 97317 — photograph 1
5 Beds6 Baths5,943 sqft

5501 Lipscomb St, Salem

$2,400,000

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ActiveMLS®: 334816575Listing held by another brokerage, marked RMLS
Price per sqft
$403.84
Built in
2025
Property size
5,943 sqft
Lot size
2.68 acres
Property type
Residential
Days on market
89

Overview

Tour of Homes luxury estate on acreage with stunning valley views! This exceptional residence showcases exposed beams, curved entryways, and high-end finishes throughout. A single-level layout with a full basement offers excellent dual living potential. Enjoy 5 spacious bedrooms—each an en suite with walk-in closets—along with 2 half baths. The chef’s kitchen is designed to impress, featuring a 60” gas range, oversized island, and a fully equipped butler’s pantry with an additional dishwasher. The lower level is ideal for entertaining with a wet bar complete with mini fridge, ice maker, and dishwasher. Elevated finishes include custom cabinetry, engineered hardwood (waterproof and wear-resistant) and tile flooring throughout—including limestone—natural stone countertops, custom iron railings, and thoughtfully curated lighting and plumbing fixtures. Venetian plaster accents enhance the master shower, range hood, and fireplace, while radiant heated tile floors bring comfort to the upstairs suites. Smart and functional upgrades include Lutron smart home lighting, integrated indoor/outdoor sound, a constant pressure water system with filtration, and a washer/dryer conveniently located in the primary closet.Outdoor living is equally impressive, featuring a covered deck, full outdoor kitchen with a 44” gas range, refrigerator, and pass-through window, gas heaters in the dining area, and an outdoor gas fire table—perfect for year-round enjoyment. The property also offers a hot tub, irrigated landscaping with lighting and raised garden beds, hot/cold outdoor water spigots, and built-in dog kennels with a dedicated dog wash. Additional highlights include a paved asphalt driveway leading to a 1,500 sq ft 3-car garage (mini-split ready and pre-wired), plus an additional 1,200 sq ft of flexible space—ideal for storage, a home office, gym, or more.

Details

Interior

Interior features
Heated Tile Floor, High Ceilings, Home Theater, Laundry, Soaking Tub, Sound System
Appliances
Butlers Pantry, Dishwasher, Disposal, Double Oven, Free Standing Refrigerator, Gas Appliances, Island, Microwave, Pot Filler
Fireplace
Yes
Fireplaces
1
Fireplace description
Gas
Cooling
Yes
Cooling description
Central Air
Heating
Yes
Heating description
Forced Air

Exterior and lot

Lot size
2.68 acres
Exterior features
Covered Deck, Free Standing Hot Tub, Raised Beds
Architectural style
Two Stories
Roof
Composition
View
Yes
View description
Mountain

Utilities

Sewer
Standard Septic
Water source
Well

Parking

Garage spaces
3
Parking
Driveway
Total parking
3

Schools

High school
Cascade
Middle school
Cascade
Elementary school
Turner

Location

City
Salem
County
Marion
Zoning
RES

Taxes and dues

Annual taxes
$6,841 (2025)

Location

5501 Lipscomb St, Salem, OR 97317

Map showing the location of 5501 Lipscomb St, Salem, OR 97317
© Mapbox © OpenStreetMap

Monthly payment estimate

$13,344 /mo

20% · $480,000
7.00%
Principal and interest
$12,774
Property tax (2025)
$570
Total
$13,344

Estimate only, and not an offer of credit. Assumes 20% down ($480,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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