36 Beds
12 Baths
21,798 SqFt
36 Beds
12 Baths
21,798 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 21,798 sqft
Price per Sqft $45
MLS Listing ID 25-7227
Bedrooms 36
Full Baths 12
Construction Status Existing Structure
Year Built 2023
Lot Size 9.090 Acres
Acres 9.09
Source Alaska Multiple Listing Service
Property Description
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.
Location
State AK
Area 482 - Anchor Point To Homer
Zoning UNZ - Not Zoned
Direction At the junction of the Sterling Hwy and Old Sterling.
Interior
Heating Other
Exterior
Parking Features None
Water Access Desc Cistern,Water Delivered
Building
Lot Size Range 9.09
Sewer Septic Tank
Water Cistern, Water Delivered
Construction Status Existing Structure
Schools
Elementary Schools Chapman
Middle Schools Chapman
High Schools Homer
Others
Tax ID 17107031
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Schools and Properties Nearby
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