The most expensive home for sale in Wyoming right now is a $65 million private ranch tucked deep in Teton County — and it comes with 190 acres, riverfront access, and a legacy tied to a former U.S. senator.
Known as Red Hills Ranch, the property has served as a private retreat for decades and is hitting the market for the first time since the 1970s.
Quick Snapshot
- Price: $65,000,000
- Location: Kelly, WY (Teton County)
- Beds/Baths: 16 beds, 15 baths
- Square Footage: Not publicly listed
- Lot Size: 190 acres
- Standout feature: 1.5 miles of riverfront on a blue-ribbon trout fishery
First Impression
This isn’t just a home — it’s a full-blown Western compound.
Set in the Gros Ventre River Valley, the ranch is surrounded by national forest and wilderness, with wide-open views of the Tetons and rust-colored hills rising in the distance. The setting feels remote, but Jackson is just 25 miles away.
From the outside, the main lodge leans into classic Wyoming style: log construction, natural materials, and a presence that feels grounded in the landscape rather than built on top of it.
Inside The Home
Step inside, and the vibe shifts to warm and expansive.
The main lodge centers around a massive stone fireplace, anchoring large living spaces designed for gathering. It’s the kind of place where everything feels oversized — from the ceilings to the windows pulling in mountain views.
The kitchen and common areas are built for hosting, whether it’s a quiet weekend or a full house of guests.
The primary living spaces carry that same rustic-luxury feel — comfortable, but clearly built for scale.
Over-The-Top Features
- 1.5 miles of frontage on the Gros Ventre River
- Blue-ribbon native trout fishing on-site
- Multiple residences including main lodge, owner’s home, and three riverfront cabins
- Private guest ranch setup with room for expansion
- Irrigated pastures and equestrian facilities
- Pool with mountain views
- Direct access to hiking, horseback riding, rafting, and snowmobiling
- Surrounded by national forest and protected wilderness
The Big Picture
For context, the median home price in Wyoming sits well under $500,000 — making this property more than 100 times the typical home in the state.
But this isn’t competing with standard listings. It’s competing with legacy properties — places that rarely change hands and are built to be held for generations.
A Piece Of Western History
Red Hills Ranch wasn’t just any luxury getaway.
The property was owned for more than 40 years by the late U.S. Senator Herb Kohl, a longtime Wisconsin politician and businessman who also owned the Milwaukee Bucks. He was known for his low-key lifestyle despite his wealth, making this secluded ranch a fitting retreat.
The ranch hasn’t been publicly available since the mid-1970s, adding to its rarity.
Final Take
This is a private slice of the American West that almost never hits the market. It’s the kind of place that doesn’t just raise the bar — it exists in a completely different category.
Click here to view the complete listing on Zillow.
