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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

    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.
    8 days
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    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#: 26-334170MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0

      Property

      Lot
      • Size: 52 Acres
      Details
      • Parcel number: RP1M0000000750
      • Zoning: BC/R-10

      Community & HOA

      Community
      • Subdivision: Other
      HOA
      • Has HOA: No
      Location
      • Region: Sun Valley

      Financial & listing details

      • Annual tax amount: $1,206
      • Date on market: 3/12/2026
      • Road surface type: Dirt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/12/2026Listed for sale$5,250,000-2.8%
        Source: Sun Valley BOR MLS #26-334170 Report a problem
        12/1/2025Listing removed$5,400,000
        Source: Sun Valley BOR MLS #25-332957 Report a problem
        11/11/2025Price change$5,400,000-8.5%
        Source: Sun Valley BOR MLS #25-332957 Report a problem
        7/31/2025Price change$5,900,000-6.3%
        Source: Sun Valley BOR MLS #25-332957 Report a problem
        7/15/2025Price change$6,300,000-8.7%
        Source: Sun Valley BOR MLS #25-332957 Report a problem
        6/6/2025Price change$6,900,000-12.7%
        Source: Sun Valley BOR MLS #25-332957 Report a problem
        4/4/2025Listed for sale$7,900,000+5.5%
        Source: Sun Valley BOR MLS #25-332957 Report a problem
        4/4/2025Listing removed$7,490,000
        Source: Sun Valley BOR MLS #24-332451 Report a problem
        3/21/2025Price change$7,490,000-11.9%
        Source: Sun Valley BOR MLS #24-332451 Report a problem
        1/31/2025Price change$8,500,000-5.5%
        Source: Sun Valley BOR MLS #24-332451 Report a problem
        11/26/2024Price change$8,999,000-5.3%
        Source: Sun Valley BOR MLS #24-332451 Report a problem
        9/27/2024Listed for sale$9,500,000
        Source: Sun Valley BOR MLS #24-332451 Report a problem

        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.
        See how much you could borrow to make a competitive offer.

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        Climate risks

        Neighborhood: 83353

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