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
- 8 days |
- 261 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: March 12, 2026 at 01:50pm
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
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
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Estimated monthly payment
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.
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Neighborhood: 83353
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 7/10Ernest Hemingway Elementary SchoolGrades: PK-8Distance: 3.5 mi
- 5/10Wood River High SchoolGrades: 9-12Distance: 11.3 mi
- 4/10Wood River Middle SchoolGrades: 6-8Distance: 10.5 mi
Local experts in 83353
- Idaho
- Blaine County
- Hailey
- 83353
- 120 Keystone Rd



