42706 Old Sterling HWY, Anchor Point, AK 99556
42706 Old Sterling HWY, Anchor Point, AK 99556
42706 Old Sterling HWY, Anchor Point, AK 99556
42706 Old Sterling HWY, Anchor Point, AK 99556
42706 Old Sterling HWY, Anchor Point, AK 99556
42706 Old Sterling HWY, Anchor Point, AK 99556
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$ 999,000
Est. payment | /mo

36 Beds

12 Baths

21,798 SqFt


Save
$ 999,000
Est. payment | /mo
Save

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

Anchor Bridge Housing Campus presents a rare opportunity to own a nearly completed, income-generating housing development in the heart of Alaska's Kenai Peninsula. Strategically located along Old Sterling Highway, halfway between Homer and Anchor Point and just 15 miles from Homer, this thoughtfully planned property offers flexibility, scale, strong long-term potential in an area needing housing. 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.
Each unit is planned with shared kitchen and bathroom facilities, while major infrastructure including electric, natural gas, internet, and water delivery is already in place. The offering also includes clear expansion potential with plans for a future 48-bed bunkhouse, laundry facilities, and additional corner lot development, creating further opportunity for future growth and scalability.
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.

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

Alaska MLS
Listed by Coastal Realty

NEARBY SCHOOLS & PROPERTIES

James Cash

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(907) 360-7448

james@herorealtygroup.com

4300 B Street, Suite # 203, Anchorage, AK,, 99503

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42706 Old Sterling HWY