Sun Valley Legacy Estate & Development Masterpiece. Discover the pinnacle of mountain living at 120 Keystone St, a premier 52-acre legacy estate in the exclusive Elkhorn area of Sun Valley, Idaho. This rare dual-parcel landholding (18.6 & 33.5 acres) offers a breathtaking canvas for a private horse property or a high-end boutique residential development.
Search address on YouTube for video tours. The Ultimate Equestrian & Outdoor Retreat: Bordering U.S. Forest Service land, the estate provides unparalleled private canyon access for horseback riding and hiking. Secure your legacy with senior 1883 water rights (irrigation/stock) and a high-yield well. The property features a serene pond with on-site geothermal potential, creating a year-round alpine oasis for wildlife and residents alike.
Developer Upside & Infrastructure: Zoned BC/R-10 with patented mining claims, the land is ready for a luxury compound or multi-homesite project. Utilities (well, septic, buried power) are already installed. Significant value-add opportunities exist through a potential 18-acre USFS land swap, and recent analysis indicates potential for a third building site, offering even greater density and investment value.
Strategic Opportunity: Located minutes from Ketchum and Sun Valley Resort, this $10.5M-appraised asset is offered with flexible acquisition options. Owner will carry paper for up to five years with 50% down; other terms are negotiable. Control one of the last large private holdings in a supply-constrained market.
Lot/land
$5,250,000
120 Keystone Rd, Sun Valley, ID 83353
--beds
0baths
52Acres
Unimproved Land
Built in ----
52 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 91 days |
- 157 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
James Tautkus 208-721-8672,
Keller Williams Sun Valley Southern Idaho,
Mike Robert Schirf 435-640-8484
Source: Sun Valley BOR MLS,MLS#: 26-334170
Facts & features
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Listed for sale | $5,250,000-2.8% |
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| 12/1/2025 | Listing removed | $5,400,000 |
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| 11/11/2025 | Price change | $5,400,000-8.5% |
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| 7/31/2025 | Price change | $5,900,000-6.3% |
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| 7/15/2025 | Price change | $6,300,000-8.7% |
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| 6/6/2025 | Price change | $6,900,000-12.7% |
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| 4/4/2025 | Listed for sale | $7,900,000+5.5% |
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| 4/4/2025 | Listing removed | $7,490,000 |
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| 3/21/2025 | Price change | $7,490,000-11.9% |
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| 1/31/2025 | Price change | $8,500,000-5.5% |
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| 11/26/2024 | Price change | $8,999,000-5.3% |
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| 9/27/2024 | Listed for sale | $9,500,000 |
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Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 83353
Nearby schools
GreatSchools rating
- 7/10Ernest Hemingway Elementary SchoolGrades: PK-8Distance: 3.4 mi
- 5/10Wood River High SchoolGrades: 9-12Distance: 11.1 mi
- 4/10Wood River Middle SchoolGrades: 6-8Distance: 10.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Idaho
- Blaine County
- Hailey
- 83353
- 120 Keystone Rd



