42706 Old Sterling Highway, Anchor Point, AK 99556
Local realty services provided by:Better Homes and Gardens Real Estate Dream Makers
42706 Old Sterling Highway,Anchor Point, AK 99556
$999,000
- 36 Beds
- 12 Baths
- 21,798 sq. ft.
- Single family
- Active
Listed by: allison trimble paparoa, lisa hanson
Office: coastal realty
MLS#:25-7227
Source:AK_AMLS
Price summary
- Price:$999,000
- Price per sq. ft.:$45.83
About this home
ABSOLUTE ONLINE AUCTION - SELLING REGARDLESS OF PRICE! Alaskan Land Development Opportunity - BIDDING ENDS AUGUST 27TH
Positioned on 9.09± acres along the highly traveled Old Sterling Highway, the Alaskan Land Development Opportunity presents a rare chance to acquire and complete a large-scale residential housing development in one of Alaska's most supply-constrained markets. Designed to meet the increasing demand for workforce and affordable housing throughout the southern Kenai Peninsula, this partially completed project offers investors the chance to finish construction according to their own vision while creating a significant long-term income-producing asset.
The development consists of six duplex-style buildings totaling 12 residential units, each thoughtfully designed with three bedrooms, one oversized bathroom, a full kitchen, and comfortable living space. In addition, the property includes three separate bunkhouse-style buildings that, once completed, will accommodate up to 48 occupants, creating exceptional flexibility for employee housing, seasonal lodging, or short-term rental opportunities.
The campus was originally planned to support Alaska's expanding workforce across industries including commercial fishing, oil and gas, construction, tourism, healthcare, and other seasonal employment sectors. As housing shortages continue throughout the region, investors have the opportunity to complete a project that addresses a growing market need while creating multiple revenue streams from one strategically located property.
With excellent highway frontage, private access, scalable infrastructure, and room for future growth, this development offers the foundation for a highly desirable housing investment in one of Alaska's strongest rental markets. Visit J. P. King Auction Company's website for more details....
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Home facts
- Year built:2023
- Listing ID #:25-7227
- Added:427 day(s) ago
- Updated:August 14, 2026 at 05:40 PM
Rooms and interior
- Bedrooms:36
- Total bathrooms:12
- Full bathrooms:12
- Living area:21,798 sq. ft.
Structure and exterior
- Year built:2023
- Building area:21,798 sq. ft.
- Lot area:9.09 Acres
Schools
- High school:Homer
- Middle school:Chapman
- Elementary school:Chapman
Utilities
- Sewer:Septic Tank
Finances and disclosures
- Price:$999,000
- Price per sq. ft.:$45.83
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