A sprawling long owned by retired Eli Lilly Research Labs president has just hit the market. Perched on a ridgeline above the picturesque Valley surrounded by the Teton Range, about 15 minutes from downtown Jackson, the 117-acre spread is for sale at a dash under $40 million. Latham Jenkins of Live Water Properties holds .

Records show that the current pharmaceutical consultant—a key figure behind the development of the diabetes-turned-weight-loss drug Mounjaro—and his longtime wife Anna acquired the property sometime around 2013. Set within the exclusive 500-acre Riva Ridge community and described as a “once-in-a-generation holding,” the compound was originally built in 2009.

Five en suite bedrooms and nine baths can be found in the hand-hewn log and stone-accented main lodge, which

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