1442 CR 1531 Road Eureka Springs, Arkansas, Currently listed for $3,300,000 by John Whiteside, Photos Courtesy of Briggs Freeman Sotheby’s International Realty

If you were a musician in the ’70s and ’80s, you probably heard of Eric T. Schabacker. Well known in the recording industry and Orlando music scene as founder of Bee Jay Recording Studios, Schabacker was the first person to use computers in the recording business and worked with noted bands and artists from Michael Jackson, James Brown, and Emmylou Harris, to Joey Dee & The Starliters, Rossington Collins Band, Gary Wright, Backstreet Boys, Jimmy Page, and Lynard Skynard, to name a few. You can read all about Schabacker’s illustrious music career here, but today’s story is about the house that Schabacker built.

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The price has been slashed from $16 million to just $11.5 for this amazing ranch spread one hour and a half north of the sleepy Ketchum/Sun Valley ski community of Hemingway fame. Located in the tiny town of Stanley, Idaho, and how cute is that name? (Not to be Debbie Downer, but Hemingway did commit suicide in Ketchum, which is really the town’s only claim to fame.) Prices soft in the Sun Valley environs these days; I hear there are tons of deals to steal.

But I digress. This piece of private paradise known as Robinson Bar Ranch on 128 acres is worth selling a few shares of commodities or gold bars to snap up while it’s still available. Now I know why all millionaires buy Idaho ranches: the property taxes on this puppy are only $3542 a year — totally serious! The ranch is located within the 756,000 acre Sawtooth National Recreation Area, one of the largest in the nation. The Robinson Bar Ranch land was acquired by Chase A. Clark in 1900, who operated it as a guest ranch and resort. Chase became Governor of Idaho and a Supreme Court Justice and a relative, Bethine Clark, married U.S. Senator Frank Church. The ranch has been the 29-year residence of singer/songwriter, Carole King, who purchased it from the Clark family. Talk about positive karma, click here: you won’t believe the interiors! It is located on a private “end of the road” setting surrounded by road less mountain ranges. You want solitude and peace away from humanity? Well, here it is. The ranch is virtually an island in a “sea” of unroaded federal land.

The spread includes a beautifully restored 7,337 sq. ft. lodge, an owner’s residence overlooking Warm Springs Creek, a caretaker’s home, guest cabins, equestrian facilities, a greenhouse, and of course a professional recording studio. There is a gorgeous hot water pool complex of a swimming pool and a soaking pool, rock-lined, the water at 135 degrees from a natural geothermal spring keeping the pool at 108 degrees. The same natural springs provide radiant heat for the lodge and studio. The property is surrounded by national forest lands and offers, well, everything you would expect for $11 million: private trails, an ecosystem rich with natural wild-life, panoramic mountain views and extensive live water with great fly fishing and white water rafting on the adjacent Salmon River. Of course the ranch is listed with ranch broker to the stars, Hall & Hall.

Update: this ranch first went on the market in 2006 at $19 million.

Graves of Ernest & Mary Hemingway, Ketchum