diff --git a/packages/sanity/src/core/store/key-value/localStorageSWR.ts b/packages/sanity/src/core/store/key-value/localStorageSWR.ts
index 366e428e926..557d46ac00c 100644
--- a/packages/sanity/src/core/store/key-value/localStorageSWR.ts
+++ b/packages/sanity/src/core/store/key-value/localStorageSWR.ts
@@ -1,16 +1,26 @@
 import {isEqual} from 'lodash'
-import {merge, of} from 'rxjs'
-import {distinctUntilChanged, tap} from 'rxjs/operators'
+import {EMPTY, fromEvent, merge, of} from 'rxjs'
+import {distinctUntilChanged, filter, map, share, tap} from 'rxjs/operators'
 
 import {localStoreStorage} from './storage/localStoreStorage'
-import {type KeyValueStore, type KeyValueStoreValue} from './types'
+import {type GetKeyOptions, type KeyValueStore, type KeyValueStoreValue} from './types'
+
+const storageEvent =
+  typeof window === 'undefined' ? EMPTY : fromEvent<StorageEvent>(window, 'storage').pipe(share())
 
 /**
  * Wraps a KeyValueStore and adds Stale-While-Revalidate (SWR) behavior to it
  */
 export function withLocalStorageSWR(wrappedStore: KeyValueStore): KeyValueStore {
-  function getKey(key: string) {
-    return merge(of(localStoreStorage.getKey(key)), wrappedStore.getKey(key)).pipe(
+  function getKey(key: string, options?: GetKeyOptions) {
+    const lsUpdates = options?.live
+      ? storageEvent.pipe(
+          filter((event) => event.key === key),
+          map(() => localStoreStorage.getKey(key)),
+        )
+      : EMPTY
+
+    return merge(of(localStoreStorage.getKey(key)), lsUpdates, wrappedStore.getKey(key)).pipe(
       distinctUntilChanged(isEqual),
       tap((value) => {
         localStoreStorage.setKey(key, value)
diff --git a/packages/sanity/src/core/store/key-value/types.ts b/packages/sanity/src/core/store/key-value/types.ts
index c3c60917899..e2f908d0f5e 100644
--- a/packages/sanity/src/core/store/key-value/types.ts
+++ b/packages/sanity/src/core/store/key-value/types.ts
@@ -6,11 +6,19 @@ type JsonObject = {[Key in string]: KeyValueStoreValue} & {
 type JsonArray = KeyValueStoreValue[] | readonly KeyValueStoreValue[]
 type JsonPrimitive = string | number | boolean | null
 
+export interface GetKeyOptions {
+  /**
+   * if `true` this setting will sync instantly (on a best-effort basis) if changed elsewhere
+   * Note: this only syncs across tabs within the same browser for now
+   * in the future we might include the semantics of `live` to mean that it's also live updated if changed remotely
+   */
+  live?: boolean
+}
 /** @internal */
 export type KeyValueStoreValue = JsonPrimitive | JsonObject | JsonArray
 
 /** @internal */
 export interface KeyValueStore {
-  getKey(key: string): Observable<KeyValueStoreValue | null>
+  getKey(key: string, options?: {live?: boolean}): Observable<KeyValueStoreValue | null>
   setKey(key: string, value: KeyValueStoreValue): Promise<KeyValueStoreValue>
 }