42706 Old Sterling Highway, Anchor Point, AK 99556

$999,000
Property Type: Residential Bedrooms: 36 Baths: 12 Square Footage: 21,798 Lot Size (sq. ft.): 395,960 Status: Active
Current Price: $999,000 Last Modified: 5/19/2026

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.

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.

More Information MLS# 25-7227

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

Contract Info

Price-List: 999000 Date-Listing: 2025-06-12 Status: Active Foreclosure/Bank Own: No

Property Info

Realtor.com Type: Residential - Single Family Property Attached/Common Walls: No Construction Status: Existing Structure Beds: 36 Bathrooms Full: 12 Bathrooms Total: 12 SF-Res: 21798 Year Built: 2023 SF-Lot: 395960.4 Lot Area Source: Tax Authority Acres: 9.09 Zoning: UNZ - Not Zoned

Remarks and Directions

Directions: At the junction of the Sterling Hwy and Old Sterling.

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
Listing Office: Coastal Realty
Last Updated: May - 19 - 2026
42706 Old Sterling Highway, Anchor Point, AK 99556- MLS# 25-7227
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