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


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Property Description
Anchor Bridge Housing Campus presents the opportunity to own an income-generating housing development in the heart of Alaska's Kenai Peninsula. Strategically located along Old Sterling Highway in Anchor Point, halfway between Homer and Anchor Point, this property offers flexibility, scale, and strong long-term potential in an area experiencing increasing demand for housing options.

Details
Maps
Documents
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
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: Active
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
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
The campus is designed to support affordable multifamily housing with six duplex-style buildings totaling 12 residential units, creating an ideal setup for long-term rentals, seasonal residents, or employee housing. In addition, three separate bunkhouse-style units provide excellent potential for short-term accommodations or workforce housing, creating added flexibility and multiple income streams on one property. The project was thoughtfully designed to help meet the growing housing demands tied to fishing, construction, oil, gas, tourism, and other seasonal industries throughout the southern Kenai Peninsula. This project still needs completion, but it allows a buyer the opportunity to finish it to their specifications. Each duplex unit has 3 bedrooms, one oversized bathroom, a kitchen, and a living space. Once completed, the bunkhouses will have a capacity of 48 people. Situated on 9.09 acres with excellent visibility, private access, and scalable infrastructure, Anchor Bridge Housing Campus offers the chance to step in, finish the project, and create a strong long-term housing asset in one of Alaska's most desirable and undersupplied regions.

IDX
Listing Office: Coastal Realty

Last Updated: May - 14 - 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.