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Improved Residential Land for Sale in Idaho Falls, Idaho

1052 E 129 N, Idaho Falls, ID 83401

$879,900
2.14 acres
Active
$20k drop
Est $4,610/mo

This one-of-a-kind property is a former schoolhouse reimagined as a unique residence-yet still retains its incredible 2,400 sq ft gymnasium, complete with a built-in trampoline, foam pit, and a whimsical two-story playhouse. Ideal for families, entertainers, or entrepreneurs, the gym is also perfect for events, parties, or rental use by tumbling or dance instructors. The building includes a former classroom with its own bathroom, ideal for a preschool, homeschool setup, or creative studio space. Once home to Coltman Academy Preschool, this property is ready for continued educational use or further residential development. The main living area offers 5 bedrooms and 4 bathrooms, perfect for a large family, co-living arrangement, or Airbnb. A separate 1-bedroom apartment in the basement generates $1,200/month in rental income, ideal for passive income or on-site staff. The massive 7,000 sq ft attic boasts soaring 16-ft ceilings and is ready to be finished into additional living space or even a venue. With the neighboring lot recently rezoned commercial, this property offers exciting potential for future development. Rare, flexible, and full of opportunity-this is more than a home; it's a lifestyle and an investment in one!

10,344
Sq feet
5
Full baths
1922
Built

Location

Street address
1052 E 129 N
Elevation
4,782 feet
Coordinates
43.611, -112.0127

Property details

Acreage
2.144 acres
MLS #
SNRMLS 2178763
Posted

Property taxes

2024
$3,586 - Exhibit A

Parcels

  • RP03N38E080634

Details and features

Listing

Type
Residential

Lot

Features
Established Lawn, Interstate Exit/ Access, Low Traffic, Many Trees, Rural

Exterior

Parking
Off Street, Parking Lot

Structure

Stories
2
Basement
Partial, Partially Finished
Water
Well
Heating
Propane, Radiant
Materials
Brick, Frame
Roof
Metal, Rolled Hot Mop

Interior

Rooms
Basement, Bathroom x 5

Property utilities

CategoryTypeStatusDescription
GasPropaneConnected

Listing history

DateEventPriceChangeSource
Sept 20, 2025Price drop$879,900$20,000 -2.2%SNRMLS
Aug 7, 2025New listing$899,900SNRMLS
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This 2.144-acre property is located at 1052 E 129 N in Idaho Falls, ID 83401. The property is available for sale for $879,900. It has a 10,344 sq ft structure built in 1922.

Checked 23 mins ago — Updated

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