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$5,395,000
25-3109 MLS
Situated amidst the breathtaking wilderness of Alaska, Second Star is an architectural masterpiece that offers an unparalleled luxury experience on 2.5± acres of water frontage overlooking the pristine waters of Kachemak Bay. This magnificent 17,000± square-foot estate seamlessly blends elegant, high-end living with the raw, untamed beauty of the Last Frontier, making it one of Alaska's most exclusive vacation destinations. The mansion boasts eight uniquely designed bedroom suites, each crafted to evoke a distinct and immersive ambiance, comfortably accommodating up to 30 guests. The top floor features an enchanting 2,000± square-foot replica of Peter Pan's Neverland, complete with a pirate ship, hidden nooks, and whimsical décor, offering a magical retreat for guests of all ages. Whether seeking relaxation, adventure, or both, Second Star provides an unforgettable escape unlike any other. The estate's world-class amenities set it apart as a true luxury retreat. The private spa wing includes a Turkish bath, indoor pool, infrared sauna, and steam room. A hidden passageway leads to a state-of-the-art theater and a charming candy shop. The expansive 3,000± square-foot deck offers breathtaking panoramic views of the Pacific Ocean, towering mountains, and ancient glaciers, making it a spectacular setting for intimate gatherings, corporate retreats, and grand celebrations. A gourmet kitchen designed to accommodate private chefs ensures a bespoke culinary experience for the most discerning palates. Operating as a highly successful luxury vacation rental, Second Star has built a prestigious reputation, attracting elite clientele from around the world seeking privacy, exclusivity, and adventure. The property's proven success, unmatched amenities, and breathtaking location make it an extraordinary investment opportunity. Embrace the chance to own Second Star, where luxury, adventure, and imagination converge in the heart of Alaska's awe-inspiring wilderness.

5260 Kachemak Drive, Homer

Listing Office Real Broker Alaska

$5,395,000
7 Beds 12 Baths 25-3110 MLS
Situated amidst the breathtaking wilderness of Alaska, Second Star is an architectural masterpiece that offers an unparalleled luxury experience on 2.5± acres of water frontage overlooking the pristine waters of Kachemak Bay. This magnificent 17,000± square-foot estate seamlessly blends elegant, high-end living with the raw, untamed beauty of the Last Frontier, making it one of Alaska's most exclusive vacation destinations. The mansion boasts eight uniquely designed bedroom suites, each crafted to evoke a distinct and immersive ambiance, comfortably accommodating up to 30 guests. The top floor features an enchanting 2,000± square-foot replica of Peter Pan's Neverland, complete with a pirate ship, hidden nooks, and whimsical décor, offering a magical retreat for guests of all ages. Whether seeking relaxation, adventure, or both, Second Star provides an unforgettable escape unlike any other. The estate's world-class amenities set it apart as a true luxury retreat. The private spa wing includes a Turkish bath, indoor pool, infrared sauna, and steam room. A hidden passageway leads to a state-of-the-art theater and a charming candy shop. The expansive 3,000± square-foot deck offers breathtaking panoramic views of the Pacific Ocean, towering mountains, and ancient glaciers, making it a spectacular setting for intimate gatherings, corporate retreats, and grand celebrations. A gourmet kitchen designed to accommodate private chefs ensures a bespoke culinary experience for the most discerning palates. Operating as a highly successful luxury vacation rental, Second Star has built a prestigious reputation, attracting elite clientele from around the world seeking privacy, exclusivity, and adventure. The property's proven success, unmatched amenities, and breathtaking location make it an extraordinary investment opportunity. Embrace the chance to own Second Star, where luxury, adventure, and imagination converge in the heart of Alaska's awe-inspiring wilderness.

5260 Kachemak Drive, Homer

Listing Office Real Broker Alaska

$4,800,000
25-13635 MLS
Institutional-quality mixed-use storage and office/warehouse investment opportunity FOR SALE in Midtown Anchorage. Property combines 50,997 square feet of well-maintained improvements across 1.6 acres of B3: General Business land. ~21,693 SF of premium interior heated storage and ~18,195 SF of stabilized office/warehouse space. ~91% storage occupancy and 100% leased office space. Located between Northern Lights Blvd and Benson Blvd and close to Arctic Blvd, Minnesota Drive, four of Anchorage's/Midtown's major transportation arteries. 814 W. Northern Lights Blvd offers investors a compelling opportunity to capture continued rent growth and operational upside in an undersupplied Anchorage self-storage market characterized by high demand and barriers to entry. 10+ overhead doors, one dock-high door, sprinklered, 3-phase power, and on-site parking.

814 W Northern Lights Boulevard, Anchorage

Listing Office Spire Commercial

$4,695,000
25-4932 MLS Channel Club BLDG.
Nestled along the dramatic coastline of Sitka Sound, 2906 Halibut Point Road presents a rare and prestigious investment opportunity in one of Alaska's most enchanting destinations. This oceanfront commercial property is currently home to a highly successful, high-end restaurant renowned for its panoramic water views, artisan-crafted interiors, and enduring local and visitor appeal. Property Highlights Prime Oceanfront Parcel: Direct views of Mount Edgecumbe and nightly sunsets over the Pacific, creating an unforgettable backdrop for any hospitality venture. Significant Traffic Exposure: Located directly on Halibut Point Road  one of Sitka's busiest arteries  ensuring maximum daily visibility from both local and tourist traffic. Established Culinary Destination: The restaurant is fully operational, with custom cherry-wood dance floor, exposed timber beams, handcrafted lighting, and heated entry floors  offering both charm and functionality. Boutique Expansion Potential: With commercial zoning, the property offers substantial development potential to add luxury income streams, such as: A boutique lodge with premium guest suites and ocean-facing balconies. A world-class wellness spa drawing affluent eco-travelers, anglers, and outdoor enthusiasts. Seasonal crew or worker housing, tapping into Sitka's robust fishing and tourism workforce needs. Market Advantage Sitka is a magnet for wealthy anglers, adventure travelers, cruise passengers, and nature seekers from around the globe. Upscale lodges and resorts in the area are consistently booked, and there's limited waterfront space available for new development  making this offering both rare and valuable. With its combination of prime location, successful existing operations, and unmatched potential for multi-stream income development, 2906 Halibut Point Road is a trophy asset designed to elevate any luxury hospitality portfolio. If you want, I can format this into the brochure and flyer, or also write a shorter listing blurb or investor prospectus summary. Want me to drop this directly into the flyer design next?

2906 Halibut Point Road, Sitka

Listing Office Anchor Properties

$4,550,000
26-9737 MLS
The Driftwood Inn is Homer's original beachside lodging property, offering a rare investment on 1.15 acres overlooking Kachemak Bay. Featuring a historic inn, Carriage House, tiny house rentals, and a 19-site full-hookup RV park, this diversified hospitality property combines multiple income streams, an unparalleled coastal setting just steps from the beach, and exceptional future potential. Driftwood Inn - Property Supplement The Driftwood Inn is Homer's original old town lodging property, situated on 1.15 acres overlooking Kachemak Bay. The property consists of three parcels and includes a historic inn, Carriage House, two custom tiny houses, and a full-hookup RV park, creating a diverse lodging destination in the heart of Homer. Accommodations The property includes 32 lodging units comprised of: * 23-room Historic Inn *Lookout Lodge: 5 br. 4.5 ba. with Loft and Library and 3rd story balcony overlooking the Beach and the Bay. * 4-room Carriage House * 2 custom-built Tiny Houses * 19 full-hookup RV sites The Historic Inn offers a variety of accommodations including suites, family rooms, bunk rooms, standard guest rooms, and units with kitchenettes to accommodate couples, families, groups, and independent travelers. Historic Inn The main inn is a two-story wood-frame building featuring a full-length covered front porch and expansive bay-facing deck overlooking Kachemak Bay. Guest amenities include: * Front desk and breakfast nook * Cozy living room with fireplace * Library corner * Outdoor guest grill * Multiple seating areas * Backyard with playground *Beach Access only steps away The porch and elevated deck provide panoramic views of Kachemak Bay and the surrounding mountain ranges. Carriage House Connected to the Historic Inn by a covered entrance, the Carriage House features four renovated guest rooms with: * Private decks or patios * Updated bathrooms * Views of Kachemak Bay * Ductless mini-split heating and cooling systems Tiny Houses Two custom-built tiny homes, Liberty and Mermaid, offer private accommodations featuring: * Kitchenettes * Private bathrooms * Private outdoor seating areas * Views of Kachemak Bay The Mermaid Tiny House also includes an additional private deck. RV Park The adjacent RV park occupies its own parcel and includes: * 19 full-hookup RV sites * Water, electric, and sewer connections * Bathhouse * Existing utility infrastructure The RV parcel is zoned Mixed Use with a 35-foot height allowance, allowing future opportunities for additional lodging, cottages, guest amenities, or expanded RV facilities, subject to local approvals. Property Features * 1.15 acres across three parcels * Extensive private beachfront on Kachemak Bay * Approximately 35 on-site parking spaces * Panoramic bay and mountain views * Private setting accessed via Ohlson Lane * Walking distance to Old Town Homer, restaurants, galleries, shopping, and visitor attractions * Minutes from the Homer Spit and harbor Utilities * Public water and sewer * Natural gas hot water * Combination of ductless mini-splits, electric baseboard heat, natural gas, and window air conditioning Location Located in the heart of Homer, Alaska, the Driftwood Inn offers convenient access to Bishop's Beach, the Homer Spit, charter fishing, wildlife viewing, galleries, restaurants, shopping, and numerous outdoor recreation opportunities. Its waterfront location provides guests with unobstructed views of Kachemak Bay while remaining within walking distance of many of Homer's most popular attractions.

135 W Bunnell Avenue, Homer

Listing Office Story Real Estate

$4,500,000
24-6385 MLS
Discover the ultimate retreat on this expansive estate, where unparalleled amenities and endless possibilities await. Set on 400 acres of prime hay production land & bordered by 3 lakes, this property is a rare gem with features designed to cater to both agricultural & recreational needs. Additional amenities include 2 apartments, 60 x 100 shop, a 70 x 310 barn, & 25 acres of fenced pastures! This exceptional property is a highly productive hay farm, where the owners successfully sold approximately 2 1/3 tons of Timothy Grass hay in 2023. The estate features a luxurious 5,400 sq ft home (complete with inground sprinklers) and two additional apartments. Apartment 1 is 1,150 sq. ft. and offers 2 bedrooms, 1 bathroom, a full kitchen, dining, and living area. Unit 2 is 850 sq. ft. and includes 1 bedroom, 1 bathroom, and a complete kitchen, dining, and living area. The property boasts a 40' x 100' shop with 60' in the front, equipped with three-phase power, a full-length crane. It also includes a meat hanging cooler, and a tool room. Barley Lake, stocked with fish, and Lake Paxon are both large enough to accommodate float planes. Additional amenities include septic, water hookups, power circuits for RVs, a cabin, and a dedicated area for tent camping and events. The lakefront area, complete with a dock and buoy swing, is perfect for gatherings and has hosted weddings and family camping trips. Don't miss David's Haven: a 20-acre, 18-basket Frolf (frisbee golf) course. There is enough space to add your own personal airstrip. The property can be subdivided once, into a maximum of 4 parcels at least 40 acres in size. Please refer to the State of Alaska Department of Natural Resources Division of Agriculture State Farm Conservation Plan. Additional information available at: https://www.kristancole.com/featured/AK/Wasilla/99654/18226-Guernsey-Rd/41159

18226 S Guernsey Road, Wasilla

Listing Office Keller Williams Alaska Advisors

$4,500,000
4 Beds 3 Baths 24-6370 MLS
Discover the ultimate retreat on this expansive estate, where unparalleled amenities and endless possibilities await. Set on 400 acres of prime hay production land & bordered by 3 lakes, this property is a rare gem with features designed to cater to both agricultural & recreational needs. Additional amenities include 2 apartments, 40 x 100 shop, a 70 x 310 barn, & 25 acres of fenced pastures! This exceptional property is a highly productive hay farm, where the owners successfully sold approximately 2 1/3 tons of Timothy Grass hay in 2023. Property would be ideal for a horse ranch or facility. One can ride in the barn, where there are also 5 feeders and automatic water feeders. The estate features a luxurious 5,400 sq ft home (complete with inground sprinklers) and two additional apartments. Apartment 1 is 1,150 sq. ft. and offers 2 bedrooms, 1 bathroom, a full kitchen, dining, and living area. Unit 2 is 850 sq. ft. and includes 1 bedroom, 1 bathroom, and a complete kitchen, dining, and living area. The property boasts a 40' x 100' shop equipped with three-phase power, and a full-length crane. It also includes a meat hanging cooler, and a tool room. Barley Lake, stocked with fish, and Lake Paxon are both large enough to accommodate float planes. Additional amenities include septic, water hookups, power circuits for RVs, a cabin, and a dedicated area for tent camping and events. The lakefront area, complete with a dock and buoy swing, is perfect for gatherings and has hosted weddings and family camping trips. Don't miss David's Haven: a 20-acre, 18-basket Frolf (frisbee golf) course. There is enough space to add your own personal airstrip. The property can be subdivided once, into a maximum of 4 parcels at least 40 acres in size. Please refer to the State of Alaska Department of Natural Resources Division of Agriculture State Farm Conservation Plan. More photos available upon request. See seller specification sheet in documents for more information! Additional information available at: https://www.kristancole.com/featured/AK/Wasilla/99654/18226-Guernsey-Rd/41159

18226 S Guernsey Road, Wasilla

Listing Office Keller Williams Alaska Advisors

$4,475,000
4 Beds 5 Baths 26-10339 MLS
Tucked away beyond the historic waterfront community of Sitka, Alaska, a remarkable island retreat lies in the coveted waters of Southeast Alaska. Surrounded by forested islands, rugged mountain scenery, and the rich marine environment of Sitka Sound, Guckers Island offers the unique opportunity to experience a true Alaskan lifestyle. Located approximately 1.5 miles from Crescent Harbor, the island offers seclusion while being a short boat ride from restaurants, shops, the airport, and essential services. With views across the surrounding bays and the dramatic silhouette of Mt. Edgecumbe, this setting is defined by abundant wildlife and the unmistakable climate of coastal Alaska. Set on approximately 2.23 acres, this fully furnished, turnkey estate, powered by City electricity, features two modern Alpine-style residences, a dedicated fish-processing building, storage, extensive decked walkways, and an impressive 80-foot private deep-water dock. The property was carefully developed into the natural landscape in 2016 by a team of skilled craftsmen, including the owner himself. The construction of this extraordinary retreat was even featured during the fourth season of the television series Building Alaska. The grounds encompass a 2,500-square-foot main lodge with an open-plan layout, including a spacious great room with soaring vaulted ceilings and a striking fireplace, a gourmet kitchen, two primary bedroom suites--each with its own private full bathroom--along with a pantry, auxiliary room, half bath, and laundry. Underneath each structure are cisterns with on-site filtration systems that keep the plentiful water clean and crisp for its users. The 1,000 sf guest house offers two spacious bedroom suites, each with its own bathroom with shower, closet, and washer and dryer. The outdoor spaces invite people to gather and experience the island. The included fishing vessels are a 2017 Cuddy King and a 2016 Maverick, both built by Weldcraft, plus a 2015 Cushman golf cart to move people and gear up and down from the buildings above.

000 Guckers Island, Tr G USS 3555, Sitka

Listing Office Sitka Realty

$4,250,000
26-5478 MLS
Dream opportunity for large centrally located commercial buildings with many partially developed acres for expansion. This 40-acre parcel, with over 15,344 feet of shop/office/living space, located less than 1 mile west from downtown Palmer. (see more/addendums) Just South of the Palmer Wasilla Highway and outside of Palmer City limits. The parcel itself is mostly level with 2 elevated areas providing excess gravel which could be extracted and sold. Owner's suggestions for future use include subdivision for 1 to 2 acre commercial lots and/or residential or multi-family lots with easy commute to Anchorage. Previously this versatile property was used for helicopter maintenance, aviation business, heavy equipment repair and training center, lay down yard, storage, gravel extraction and is presently being used as a custom industrial machine shop with high end motor repair facility. This parcel has been improved to include: The Main Building - Built in 1989, 11,000 sq. ft. 2 story steel framed, hangar, office, breakroom and 2.25 baths. The hangar/shop area is approximately 5,200 sq. ft., 2 overhead doors and 6-ton bridge crane/hoist. 50'x18' Schweiss bifold hangar door was added in 2014-2015 The concrete addition was built in 2014-2015, extended off the main structure and open access from the main shop. 2,200 sq. ft on two levels The office/living areas are approximately 3,600 sq. ft., on two levels. Consisting of a beautiful, 1 bedroom apartment, modern and fully functional completely remodeled upper floor including full kitchen, washer and dryer hookups, etc,. Upgrades include deck off upper level with commanding view of Pioneer Peak, 2 interior staircases, breakroom, professional, quiet and well laid out office area with half bath with lots of natural light. This property is serviced by natural gas (Enstar), electric (MEA) and telephone (MTA). Approximately 4+ acres is chain link fenced in with two access gates. One gate is powered and operated by remote, the other is a manual gate. This fence was installed approximately 5 years ago. The North side of the parcel is encumbered by a 50' access easement on the adjacent parcel, East side, 15' MEA easement inside property line, South side 40' MEA Easement inside property line, West side 50' access easement that runs approximately 550' of the property line and 15' MEA Easement located inside the property line. There is an additional 502 X 402 private access easement extending further south of the public access easement off Local 302 Road. (See attached As Built) Hemmer road project will be purchasing a 30x100 easement on the east and southern borders . This will give the new owners subdividable land with easy access to Palmer/Wasilla Highway. See additional information under documents. Local 302 Road consists of larger parcels to include commercial applications and vacant land. The buildings have metal roofs. The siding is mainly metal and concrete block, the enclosed exterior metal staircase has been completed and Enstar relocated the gas meter to an outside wall. The Second Building - Built in 1980, steel skinned 3,200 sq. ft. shop/warehouse with a 24' X 56' recent addition (1,344 sq. ft.), for a total of 4,544 sq. ft. Approximately 800 sq. ft. of office area, 800 sq. ft. mezzanine storage area. Approximately 3,944 sq. ft. of shop/warehouse space with 2 bathrooms and is well laid out for any type of shop work There is extensive paved/concrete and gravel parking near the buildings. There is a 70' X 80' concrete pad installed, ready for further building expansion. Local 302 Road is gravel to the main building's concrete pad. Buildings are serviced by separate efficient natural gas forced air heating units. The larger Shop/ warehouse is heated with 2-3 Reznor Modine shop heaters, shop extension, forced air furnace, lower and upper office area. Shop/Warehouse - 3 Reznor Modine shop heaters, forced air furnace on mezzanine to heat office space with 2 well pressure tanks installed. External hot water heaters. Both the Shop/Warehouses are serviced by the same well and septic. The well is 60' deep, 4 gallons per minute, drilled 6/22/89 and retested 9/14/12. Well log attached for your review. Septic installed in 9/89, 1500-gallon tank with a seepage bed. Septic Installation documents, attached for your review. Since ownership, the tenant has updated the electric additional outlets, ran additional electrical lines and added additional phase 3 power outlets for machinery. PLEASE do not drive onto the property, outside of an appointment!

1415 N Local 302 Road, Palmer

Listing Office Real Estate Brokers of Alaska

$4,200,000
25-5772 MLS Messerschmidt Building BLDG.
For Sale: The Silverbow Inn - A Premier Boutique Hotel in the Heart of Downtown Juneau This is your rare opportunity to acquire one of Alaska's most celebrated boutique hotels. The Silverbow Inn is an established 16-room hospitality operation located in the historic Messerschmidt Building, at the epicenter of downtown Juneau's business and tourism district. Originally constructed in 1907 as a bakery, the property has been thoughtfully expanded and modernized through multiple additions and renovations while preserving its authentic character. The Silverbow Inn delivers an experience unlike any other. The Silverbow Inn features stunning rooftop decks with hot tubs, fire pits, and panoramic views of the Gastineau Channel and Mt. Juneau. Accommodations are well-appointed and varied, catering to the needs of both business and leisure travelers. The property also houses a ground-floor leased restaurant that has earned national recognitionincluding a James Beard nomination and a place on the New York Times' list of "22 Best Pizza Places in the US." Highlights Include: Prime downtown location, just blocks from Alaska's State Offices, Capitol, and area amenities Rooftop amenities that set a new bar for guest experiences in Southeast Alaska Recent upgrades including luxury Penthouse and Executive King suites The Silverbow Inn is not just an investment; it is a turnkey operation rooted in history and poised for continued profitability in a stable, year-round market. Do not miss this chance to own a jewel of Juneau!

120 2nd Street, Juneau

Listing Office Alaska Unlimited Realty

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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 Real Estate Brokers of Alaska are marked with either the listing brokerage’s logo or 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. Listing last updated: