$999,000
42706 Old Sterling Highway
Anchor Point, AK 99556
MLS# 25-7227
Status: Pending
36 beds  |  12 baths  |  21798 sqft


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Property Description
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.

Details
Maps
Documents
Location, Legal, and School Info
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1B - Kenai Peninsula Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Tax ID: 17107031
School-Elementary: Chapman
School-Middle: Chapman
School-High: Homer
Legal: T5SR14WSEC 29 & 32
Contract Info
Foreclosure/Bank Own: No
Price-List: 999000
Date-Listing: 2025-06-12
Status: Pending
Property Info
Realtor.com Type: Residential - Single Family
Construction Status: Existing Structure
Property Attached/Common Walls: No
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 12
Bathrooms Total: 12
Acres: 9.09
SF-Lot: 395960.4
Lot Area Source: Tax Authority
Zoning: UNZ - Not Zoned
Garage Spaces: 0
Carport Spaces: 0
Beds: 36
SF-Res: 21798
Year Built: 2023
Remarks and Directions
Directions: At the junction of the Sterling Hwy and Old Sterling.
Residential Type
B & B Potential: 1
Modular: 1
Single Family Res: 1
To Show
ShowingTime: 1
Listing Terms Financing
Cash: 1
Conventional: 1
Heating
Other: 1
Construction Type
Modular: 1
Foundation Type
Other: 1
Wtrfrnt-Access Near
None: 1
Garage Type
None: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Water Source
Cistern: 1
Water Delivered: 1
Sewer Type
Septic Tank: 1
Docs Avl for Review
Docs Posted on MLS: 1
Location Legal and School Info
Area: 482 - Anchor Point to Homer
Street #: 42706
Street Name: Old Sterling
Arterial: Highway
Closest USPS Town: Anchor Point
State: AK
Zip Code: 99556
Sold Info
Date-Pending: 2026-08-27
Property Features
Residential Type: B & B Potential; Modular; Single Family Res
Construction Type: Modular
Foundation Type: Other
Garage Type: None
Carport Type: None
Heating: Other
Sewer Type: Septic Tank
Water Source: Cistern; Water Delivered
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
To Show: ShowingTime
Listing Terms Financing: Cash; Conventional
Docs Avl for Review: Docs Posted on MLS
Supplements
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.

IDX
Listing Office: Coastal Realty

Last Updated: August - 28 - 2026

The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.