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$2,500,000
71 Days On Site

5501 LIPSCOMB ST
Salem, OR 97317

For Sale|Single Family Residence|Active
5
Beds
7
Total Baths
5
Full Baths
2
Partial Baths
5,943
SqFt
$421
/SqFt
2025
Built
County:
Marion
Listing courtesy of Nancy Rocha Alley of HomeSmart Realty Group (503) 510-5326

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1-503-577-3371
5501 LIPSCOMB ST5501 LIPSCOMB ST5501 LIPSCOMB ST5501 LIPSCOMB ST
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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.

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Listing Snapshot
Price 
$2,500,000
Days On Site 
71 Days
Bedrooms 
5
Inside Area (SqFt) 
5,943 sqft
Total Baths 
7
Full Baths 
5
Partial Baths 
2
Lot Size 
2.68 Acres
Year Built 
2025
MLS® Number 
334816575
Status 
Active
Property Tax 
$6,840.89
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
a month agoStatus changed to Active
2 months agoPrice changed to $2,500,000
2 months agoListing first seen on site
General Features
Acres 
2.68
Attached Garage 
Yes
Disclosures 
Disclosure
Garage 
Yes
Garage Spaces 
3
Home Warranty 
Yes
Land Lease 
No
Parking 
DrivewayAttachedGarage
Parking Spaces 
3
Property Sub Type 
Single Family Residence
SqFt Total 
5943
Style 
Stories2
Water Source 
Well
Zoning 
RES
Interior Features
Appliances 
DishwasherDisposalDouble OvenFree-Standing RefrigeratorMicrowave
Basement 
DaylightFinished
Cooling 
Central Air
Fireplace 
Yes
Fireplace Features 
Gas
Fireplaces 
1
Flooring 
Tile
Heating 
Forced Air
Interior 
Kitchen IslandPantryHigh CeilingsSoaking TubSound System
Bedroom 2 
Level - MainDescription - _2ndBedroom
Bedroom 3 
Level - LowerDescription - _3rdBedroom
Dining Room 
Level - MainDescription - DiningRoom
Family Room 
Description - FamilyRoom
Great Room 
Description - GreatRoom
Kitchen 
Level - MainDescription - Kitchen
Laundry 
Dimensions - 14x9Level - MainDescription - Laundry
Living Room 
Level - MainDescription - LivingRoom
Master Bedroom 
Level - LowerDescription - _2ndPrimaryBedroom
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Exterior Features
Patio And Porch 
Deck
Roof 
Composition
View 
Mountain(s)
Waterview 
Mountain(s)
Community Features
Financing Terms Available 
CashConventional
MLS Area 
_173
Roads 
Paved
Schools
School District
Unknown
Elementary School
Turner
Middle School
Cascade
High School
Cascade
Listing courtesy of Nancy Rocha Alley of HomeSmart Realty Group (503) 510-5326



The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than HomeSmart Realty Group are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Last checked 2026-08-28 11:55 PM PDT.

All information provided is deemed reliable but is not guaranteed and should be independently verified

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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