This exceptional 1.03-acre estate combines timeless architecture, remarkable privacy, and effortless access to the very best of the Wood River Valley. Framed by sweeping mountain views and surrounded by mature landscaping, the property includes two beautifully crafted residences, each with its own distinct character and attention to detail. The main residence showcases classic Southwestern architecture with warm, authentic finishes and an inspired connection to the outdoors. Thoughtfully designed for flexibility, it lives comfortably as a gracious two-bedroom home while also offering two distinct living suites each with its own bedroom, full bath, living area, and kitchen--creating ideal accommodations for extended family, guests, a caretaker, or those seeking a private work-from-home retreat.
Outdoor living is woven seamlessly into the home. Two elevated terraces--one adjoining the primary suite and another off the main living area--capture panoramic mountain vistas and feature heated snowmelt pavers for year-round enjoyment. At ground level, expansive north-facing patios invite gatherings against a spectacular mountain backdrop, while a separate south-facing terrace offers a secluded, tranquil escape.
Complementing the main home is a beautifully appointed single-level guest cottage clad in reclaimed wood siding, offering its own inviting sense of place. Complete with a bedroom, full bath, kitchen, living room, and private deck and covered parking. Providing a fully independent residence for family, friends, or long-term guests.
Perfectly positioned just north of Ketchum, the property offers the rare combination of peaceful seclusion and immediate access to recreation. The Chocolate Gulch Trailhead is just down the street, the Harriman Trail is only a minute away, and downtown Ketchum, Sun Valley Resort, world-class skiing, dining, and cultural amenities are all within easy reach. Chocolate Gulch has evolved into one of the valley's most desirable luxury enclaves while retaining its extraordinary sense of serenity and connection to the surrounding mountains
Also visit www.202chocolategulchroad.com for more information
For sale
$5,950,000
202 Chocolate Gulch Rd, Ketchum, ID 83340
3beds
3,400sqft
Single Family Residence
Built in 1988
1.03 Acres Lot
$5,504,600 Zestimate®
$1,750/sqft
$-- HOA
What's special
Timeless architectureClassic southwestern architectureWarm authentic finishesSweeping mountain viewsSurrounded by mature landscaping
- 73 days
- 509
- 14
Zillow last checked:
Listing updated:
Listed by:
Scott Mary 208-720-0888,
Windermere Real Estate - SV
Source: Sun Valley BOR MLS,MLS#: 26-334646
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Has Heating (Unspecified Type)
Features
- Flooring: Wood
- Windows: Energy Eff. Windows
- Has fireplace: Yes
Interior area
- Total structure area: 3,400
- Total interior livable area: 3,400 sqft
- Finished area above ground: 3,400
Video & virtual tour
Property
Parking
- Parking features: Garage - Attached
- Has attached garage: Yes
Features
- Patio & porch: Patio
Lot
- Size: 1.03 Acres
Details
- Parcel number: RP006150010040
- Zoning: BC/R-2 1/2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Modern,Southwest,1st Floor Primary
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1988
Community & HOA
Community
- Subdivision: Wood River Estates
HOA
- Has HOA: Yes
Location
- Region: Ketchum
Financial & listing details
- Price per square foot: $1,750/sqft
- Tax assessed value: $3,804,317
- Annual tax amount: $8,343
- Date on market: 7/1/2026
- Inclusions: Washer, Refrigerator, Range - Gas, Range - Elec, Oven - Gas, Oven - Elec, Dryer, Disposal, Dishwasher
- Exclusions: Sellers Personal Property including all furnishings, hay wagon and sheep wagon
- Road surface type: Paved
Estimated market value
$5,504,600
$5.23M - $5.78M
$7,571/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Listed for sale | $5,950,000$1,750/sqft |
Source: | ||
| 8/14/2020 | Sold | -- |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,343 +21.3% | $3,679,317 +38.4% |
| 2024 | $6,876 -5.9% | $2,658,187 |
| 2023 | $7,309 -6.9% | $2,658,187 +1.2% |
| 2022 | $7,853 +5.7% | $2,626,966 +30.7% |
| 2021 | $7,428 +24.5% | $2,009,762 +51.6% |
| 2020 | $5,964 | $1,326,112 +6.6% |
| 2019 | -- | $1,243,567 +39.8% |
| 2017 | $5,115 | $889,805 -10.1% |
| 2016 | $5,115 -10.9% | $989,805 +1.1% |
| 2013 | $5,743 | $978,586 -2.3% |
| 2012 | -- | $1,001,961 -7.6% |
| 2011 | -- | $1,084,461 -8.4% |
| 2010 | -- | $1,184,461 |
Find assessor info on the county website
Monthly payment
Est. payment



