Island Park's Coho Reserve | Fay Ranches

ISLAND PARK’S COHO RESERVE

Island Park, Idaho

$5,500,000

55± Acres

INTRODUCTION

Positioned at the terminus of a half-mile private paved drive, this owner-commissioned mountain residence occupies a rare 55± acre holding in the geographic heart of Island Park. Flat, timbered, and buffered by adjacency to the Buffalo River corridor and the Caribou-Targhee National Forest, parcels of this size and continuity, particularly with this level of privacy and access, have become functionally unobtainable.

Constructed in 1997 by the same craftsmen responsible for the iconic Henry’s Fork Lodge, the residence reflects a period when large-scale Western timber construction was executed without compromise. Massive beams anchor the structure, while the interior is defined by proportion, permanence, and materials intended to endure for decades rather than cycles of trend. The home offers approximately 7,000± finished square feet, three bedrooms, four and one-half baths, and three elevated walk-out patios that extend living space into the surrounding forest canopy. A wood-fired bread oven, a new boiler system with in-floor heat, and an attached two-car garage support year-round use.

The setting lies within the greater Yellowstone ecosystem, surrounded by a concentration of worldclass fisheries that includes Henry’s Lake, the Henry’s Fork of the Snake River, Island Park Reservoir, the Madison, Gallatin, Yellowstone, Teton, Firehole, and the South Fork of the Snake. Access to these waters, places the property within one of North America’s most enduring recreational landscapes, defined as much by stewardship as by opportunity.

Wildlife movement through the property and surrounding corridor is constant and unpressured, supporting controlled elk hunts, including muzzleloader and any-weapon seasons; trophy mule deer draws; a controlled moose hunt; and a high-density black bear unit. Whitetail hunting occurs both on the property and immediately beyond its boundaries.

The land itself balances dense timber with open native grass meadows and a restrained footprint of irrigated landscaping. Groomed snowmobile access connects directly to over 950± miles of trail, with seamless links into Montana and Wyoming. Historically, the home has been owner-occupied for roughly half the year, meticulously maintained, and never used as a rental, thereby preserving both its condition and its character. 1

QUICK FACTS

• RARE 55± acre contiguous parcel with flat topography, native grasses, and minimal irrigated landscaping

• Approximately 7,000 finished square feet of custom-built living space

• Adjacent to the Buffalo River corridor on the south side of the property

• Owner-occupied approximately 50% of the year, meticulously maintained, and never used as a rental

• Three bedrooms and four-and-onehalf bathrooms, designed for yearround use

• Owner-commissioned in 1997, constructed by the same craftsmen responsible for the Henry’s Fork Lodge

• Five miles from the Henry’s Fork of the Snake River and Island Park Reservoir

• 29± miles to the west gate of Yellowstone National Park

• Fifty miles north of the worldrenowned Grand Tetons

• Direct access to over 950 miles of groomed snowmobile trails, with connections into Montana and Wyoming

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The residence is positioned near the center of the broadly level 55± acre holding, screened on all sides by dense, mature timber that provides a high level of natural privacy. Immediately surrounding the home is an open area of more than four acres composed of native grasses and restrained, established landscaping.

IMPROVEMENTS

A 7,000± square foot, owner-commissioned residence completed in 1997, includes three large bedrooms and four-and-one-half bathrooms. Massive exposed beams define the structure, complemented by a wood-fired bread oven, three elevated walk-out patios, and an attached twocar garage designed for four-season use. Recent updates include a new boiler system supporting in-floor radiant heat, ensuring comfortable yearround use.

RECREATION

From the doorstep of the residence, opportunities extend in every direction, from hiking to kayaking and rafting on nearby rivers and lakes. Hundreds of miles of backcountry terrain support unconfined UTV and off-highway riding across forest roads and two-track corridors, while winter months bring cross-country skiing, snowshoeing, and access to more than 950 miles of well-maintained groomed snowmobile trails connecting into the broader Yellowstone and Teton systems, all supported by year-round access.

FISHING

The property sits within one of North America’s most concentrated and respected trout fisheries. It is directly adjacent to the Buffalo River corridor, approximately five miles from the legendary Box Canyon section of the Henry’s Fork of the Snake River and Island Park Reservoir. Waters, including Henry’s Lake, Hebgen Lake, Earthquake Lake, Madison, Gallatin, Yellowstone, Teton, Firehole, and the South Fork of the Snake Rivers, define the surrounding region as the core of the Greater Yellowstone fishery network. This region is internationally recognized as one of the world’s premier trout fishing destinations.

HUNTING | WILDLIFE

Idaho Hunt Unit 61 is widely regarded as one of the state’s premier areas for trophy bull elk and mature mule deer. Its direct adjacency to Yellowstone National Park supports strong migratory patterns, exceptional antler genetics, and a fully balanced ecosystem shaped by intact predator–prey dynamics. As a result, the whitetail, mule deer, and elk harvested from this unit each year consistently rank among Idaho’s highest-quality animals in terms of size, age class, and overall caliber.

NEARBY ATTRACTIONS & ACTIVITIES

West Yellowstone and the West Entrance to Yellowstone National Park are just 28± miles from the property, placing iconic geothermal features such as Grand Prismatic Spring (53± miles) and Old Faithful (60± miles) within comfortable driving distance. As the crow flies, the property sits only 12± miles from Yellowstone’s boundary, positioning it squarely within the Greater Yellowstone landscape. Harriman State Park lies just 12± miles away, offering exceptional hiking, horseback riding, and wildlife viewing, particularly during the fall elk rut when bugling bulls echo across the valley. Mesa Falls is 24± miles away, while the resort community of Big Sky, Montana, is 79± miles north, offering additional dining, skiing, and recreation. The Teton Range and Grand Teton National Park are also within a scenic day’s drive, adding another worldrenowned destination to the surrounding region.

LOCATION

Island Park is home to the longest Main Street in the United States, stretching roughly 33 miles along U.S. Highway 20 with numerous dining, fuel, and service options throughout the corridor. Idaho Falls lies 82± miles to the south, and Bozeman, Montana, 117± miles to the north, both offering metropolitan-level amenities, including healthcare, shopping, and expanded dining options.

Driving north on U.S. Highway 20, turn onto Phillips Loop Road and continue approximately 0.8 miles. Turn right onto Rainbow Road and proceed 1.0 mile, then turn right onto Coho Road and continue approximately 0.3 miles to the property entrance.

AIRPORT SERVICES

Private air travel to Island Park is most conveniently accessed through West Yellowstone Airport (WYS) for close proximity, while Idaho Falls Regional Airport (IDA) and Bozeman Yellowstone International Airport (BZN) accommodate larger private aircraft and offer expanded flight services. Additional access is available via the 5,200± foot runway at the Island Park Airpark, supporting specialized and smaller private aviation.

MINERAL RIGHTS

All mineral rights appurtenant to the property and owned by the seller will convey to the buyer at closing. Mineral rights are not guaranteed. It is suggested that the buyer conduct a mineral search with a title company.

CONSERVATION | STEWARDSHIP

Each of us at Fay Ranches loves the land and wants to see it remain a productive agricultural ground and a quality fish and wildlife habitat. Through promoting thoughtful land stewardship, Fay Ranches has guided owners toward a legacy of conserving wide-open spaces, enhancing and creating fisheries and wildlife habitats, and implementing sustainable agricultural operations. Fay Ranches is proud to say that since our company began in 1992, our clients’ conservation ethics and land-use practices have significantly enhanced our work landscape.

Bordering the Buffalo River corridor and only about 445 yards from the river, with Box Canyon of the Henry’s Fork and Island Park Reservoir just five miles away, the property is a fly-fishing mecca. Idaho’s trophy big game Unit 61, known for top-tier elk, mule deer, and whitetail hunting, further defines the holding as an outdoorsman’s stronghold. The 7,000± square foot residence set on a rare 55± contiguous acres exudes character and is well-suited to continue serving as a year-round base of operations in one of the most active and unique mountain communities in the country.

$5,500,000 Cash

Conventional Financing 1031 Exchange

Please contact Mike Gatlin at (307) 752-5104 | mgatlin@fayranches. com or Seth Johnson at (208) 530-1106 | sjohnson@fayranches.com to schedule a showing. This is an exclusive listing. An agent from Fay Ranches, Inc. must be present at all showings, unless otherwise noted or other arrangements are made. To view other properties we have listed, please visit our web page at www.fayranches.com.

Offer is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classification, carrying capacities, maps, etc., is intended only as a general guideline and has been provided by the owners and other sources deemed reliable, but the accuracy cannot be guaranteed. Prospective purchasers are encouraged to research the information to their own satisfaction.

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