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42706 Old Sterling Highway

Anchor Point, AK 99556
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Bed 36

Bed

Bath 12

Bath

SqFt395,960.40

Sqft(Lot)

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 thre e 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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Detail Ic Property Details

Property Type : Residential

Price : $999,000

AD Id : 88503517

MLS Id : 25-7227

Beds : 36

Lot Size : 395,960.40 Sqft

Year Built : 2023

County : Kenai Peninsula Borough

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Feature Features

  • Bedroom Information

    Total beds: 36

    Bathroom Information

    Total Baths: 12 Full Baths: 12
  • Heating & Cooling

    Has Heating: Yes Heating: Other

  • Building Information

    Year Built: 2023 Building Area Total: 21798 Private Pool: No

  • Lot Information

    Main Square Feet: 395960.4 Square Feet Lot Size Acres: 9.09 Lot Size Square Feet: 395960.4

  • Listing Price Information

    Listing Price: $999000 Original Price: $1495000 Cash, Conventional

  • Tax Information

    Parcel Number: 17107031 Tax Legal Desc: T5SR14WSEC 29 & 32

  • Parking Information

    None

  • School Information

    Elementary School: Chapman
    Junior High School: Chapman
    Senior High School: Homer
  • Location Information

    Direction: At the junction of the Sterling Hwy and Old Sterling. WaterSource: Cistern
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ByOwner last updated this listing 08/16/2026 @ 18:40

MLS: 25-7227 LISTED BY: Allison Trimble Paparoa, Coastal Realty 907-235-7141 SOURCE: Alaska Multiple Listing Service

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