Phantom Hill
Investing in Idaho
Investing in Idaho's Future
Phantom Hill Capital is a private investment entity focused on hospitality, ranch, and real estate holdings in Idaho's Sun Valley and Sawtooth Valley regions. Our portfolio reflects a commitment to preserving the natural beauty and heritage of central Idaho while creating lasting value.
Portfolio
Busterback Ranch
An iconic 80-acre working ranch in the Sawtooth Valley. The 1940s-era property features a stunning main lodge, Ralph Lauren-inspired guest cabins, and sweeping views of the Sawtooth Mountains and White Cloud Wilderness.
Smiley Creek Lodge
A beloved roadside landmark featuring a cafe, general store, cabins, and RV park at the gateway to the Sawtooth Wilderness. A gathering place for adventurers since the 1920s.
491 Main St
A prime commercial property in the heart of downtown Ketchum, steps from world-class dining, galleries, and the base of Sun Valley Resort. Strategic positioning in one of America's most coveted mountain towns.
Hailey Airport Investments
Aviation infrastructure holdings at Friedman Memorial Airport, the gateway to Sun Valley. Modern hangar facilities serving the region's growing private aviation community.
Historic Mining Inholdings
Private land parcels within the Sawtooth National Forest, originating from historic mining claims. These rare inholdings offer wilderness access and development potential surrounded by protected federal lands.
Ketchum Employee Housing
Quality workforce housing in Sun Valley's core. Addressing the critical need for local employee accommodations in one of America's most desirable—and expensive—mountain communities.
David Tedesco
David is an entrepreneur, pilot, and outdoor enthusiast who fell in love with Idaho's Sawtooth Valley over two decades ago. As founder and CEO of Outlier, one of the largest private companies in the United States, he brings a long-term perspective to building and preserving special places.
Through Phantom Hill, David is committed to thoughtful stewardship of Idaho's most iconic properties—protecting their heritage while ensuring they remain vibrant parts of the community for generations to come.