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A 226-acre ranch in Jackson, WY, featuring a newly completed architectural masterpiece, has entered the market as this week's most expensive new listing, with an asking price of $35 million. This property, formerly known as Puzzleface Ranch, represents a rare opportunity in the prestigious Jackson Hole area, offering a unique combination of expansive land, bespoke design, and development potential that is nearly impossible to replicate under current local regulations. The estate's standout feature is its 18,321-square-foot main residence, a home whose size and specifications required special approvals from Teton County.
What is the history behind this Jackson Hole property? The property's recent history began in 2010 when it was purchased for $7.8 million, a significant reduction from its original 2006 listing price of $25 million. The buyer, Fintan Ryan, embarked on an ambitious building project. The development process encountered challenges with Teton County officials, who initially approved the project but later raised concerns about the home's elevation and size, particularly the inclusion of a fully finished basement that pushed the square footage beyond standard local allowances for a single-family home. After a prolonged process, Ryan secured the necessary permissions, resulting in a residence that listing agent Tom Evans of Sotheby's International Realty states, "You can never build anything like this again, ever."
What are the key features of the main residence? The 18,321-square-foot main home is designed as an entertainer's paradise. The layout includes seven bedrooms and 11 bathrooms, with each of the three primary bedroom suites featuring two baths and a private living area for maximum comfort and privacy. High-end amenities are abundant, including nine fireplaces, an elevator, a four-car garage, a professional-grade movie theater, a wine cellar, and a comprehensive fitness center. The living area is centered around a striking glass wood-burning fireplace, and floor-to-ceiling windows throughout the home provide abundant natural light and frame panoramic views of the Grand Teton and Snake River Range. Smart home technology allows for the remote operation of climate control, lighting, and window treatments.
What other structures and land are included in the offering? The estate's value extends far beyond the main house. The 226-acre parcel includes a caretaker's home, two barns, a workshop, and a toolshed, making it a fully operational ranch. Furthermore, the sale includes two additional adjoining parcels. One features a three-bedroom guesthouse, providing separate accommodation for visitors or staff. The other is an "unimproved building site" with approved development rights to construct two additional homes, each up to 8,000 square feet. The grounds themselves are a natural preserve, with ponds, diverse wildlife, and breathtaking mountain vistas. Based on our experience assessment, this level of development potential is exceptionally rare in the Jackson Hole market.
How does this property fit into the current Jackson Hole luxury market? This listing enters a high-end market where opportunities for vast, developable land are diminishing. For context, another similarly priced property on 118 acres in Jackson was listed for $33.9 million earlier in 2026 and remains available. The Puzzleface Ranch listing is distinguished by its recently completed, move-in-ready main residence and its additional development rights. For a buyer seeking a compound with both immediate luxury lodging and long-term building options, this property presents a compelling case. Evans describes the scale as "almost like a country club," emphasizing its capacity for large-scale entertaining.
Prospective buyers should prioritize a thorough understanding of Teton County's specific building codes and zoning regulations, especially if they plan to utilize the additional development rights. Engaging a local real estate attorney with expertise in land use is a critical step. The property's $35 million price point reflects its unique status as a completed architectural landmark with expansive future potential. For those with the means, it represents a legacy investment in one of America's most sought-after natural landscapes.
