Set on 5 sprawling acres in the quiet Lyman area just southeast of Rexburg, this property offers a rare combination of space, privacy, and versatility. Surrounded by wide-open farmland and endless skies, it's perfect for building a family compound, developing multiple homes, or creating your own private country retreat. The land features valuable water rights, flood irrigation, and a scenic ditch along two sides, making it ideal for gardening, small-scale farming, or livestock. With potential for up to three lot splits (preliminary parcel map available), the property provides flexibility for builders or investors to maximize its value. Free from covenants and restrictions, it allows complete freedom to design and use the land as you envision. Just 2.5 miles from the Snake River and a short drive to Rexburg, this parcel combines rural tranquility with convenient access to amenities, offering a true canvas for country living and outdoor enjoyment.
Pending
$350,000
S 2000 W, Rexburg, ID 83440
--beds
--baths
5.07Acres
Est.:
Improved Land
Built in ----
5.07 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Flood irrigationValuable water rightsEndless skiesSurrounded by wide-open farmlandQuiet lyman area
- 27 days |
- 133 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: March 12, 2026 at 08:16am
Listed by:
Ryan Lerwill 208-351-4373,
Keller Williams Realty East Idaho,
Jeff Lerwill 208-351-7300,
Keller Williams Realty East Idaho
Source: SRMLS,MLS#: 2182414
Facts & features
Interior
Video & virtual tour
Property
Lot
- Size: 5.07 Acres
- Features: Low Traffic, Near Stream/River, Level, Livestock Permitted
Details
- Parcel number: RP05N39E255401
- Zoning description: General Zoning: Agricultural,Specific Zoning: Madison-Agricultural
Utilities & green energy
- Electric: Rocky Mountain Power, Within 100' of Lot
- Sewer: None
- Water: None
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Rexburg
Financial & listing details
- Annual tax amount: $1
- Date on market: 3/5/2026
- Listing terms: Cash,Conventional,1031 Exchange
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Pending sale | $350,000 |
Source: | ||
| 3/5/2026 | Listed for sale | $350,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.Monthly payment
Est. payment
$1,931/mo
Principal & interest
$1785
Property taxes
$146
More affordability tools
Climate risks
Neighborhood: 83440
Nearby schools
GreatSchools rating
- 7/10South Fork Elementary SchoolGrades: K-4Distance: 0.4 mi
- NAMadison Junior High SchoolGrades: 7-9Distance: 7.1 mi
- 10/10Madison Senior High SchoolGrades: 10-12Distance: 5.1 mi
Schools provided by the listing agent
- Elementary: SOUTH FORK
- Middle: MADISON 321JH
- High: MADISON 321HS
Source: SRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 83440
- Idaho
- Madison County
- Rexburg
- 83440
- S 2000 W




