42706 Old Sterling Hwy Anchor Point, AK 99556
Property details
About 42706 Old Sterling Hwy
Anchor Bridge Workforce Housing Campus presents a unique opportunity to own a nearly completed income-generating property in the heart of Alaska's Kenai Peninsula. Strategically located along Old Sterling Highway in Anchor Point—just 15 miles from Homer—this purpose-built workforce housing project includes 32 private rooms across duplex-style buildings. Designed to meet the urgent housing needs of seasonal and industrial workers in fishing, construction, oil, gas, and tourism, the campus is ideal for both individual rentals and bulk leasing to employers. Each unit features shared kitchen and bathroom facilities, with electric, natural gas, internet, and water delivery already in place. The offering includes approximately $500,000 in remaining completion work to be undertaken by the buyer, with clear plans for expansion including a 43-bed bunkhouse, laundry facilities, and corner lot development. First-year financial projections show positive cash flow by Month 9, with a stabilized cap rate of over 20% by Year 4. The 9.09-acre site offers excellent visibility, private access, and scalable infrastructure. Whether you're an operator or investor looking to meet local housing demand, Anchor Bridge provides an unmatched opportunity in a high-demand, low-supply market.
Highlights
Summary
- Full Bathrooms: 12
- Total Bedroom Count: 32
- Heating: Other
- List Price: $1,495,000
- Annual Tax Amount: $520
- Tax Year: 2024
- Directions: At the junction of the Sterling Hwy and Old Sterling.
- Year Built: 2023
- Lot Size: 9.09 Acres
- MLS Number: 25-7227
- MLS Name: Alaska Multiple Listing Service
- Office Name: Coastal Realty
- Office Phone: (907) 235-7141
- Office Email: coastalrealtyalaska@gmail.com
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 this broker 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. All square footages are approximations. School boundaries are subject to change. Information is not guaranteed and should be independently verified for accuracy.
Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/14/2025, 10:40:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,495,000
42706 Old Sterling Hwy
$10,000
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Price information
Property sales
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Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $859,500 | $520 |
| 2023 | $43,800 | $471 |
| 2022 | $38,000 | $421 |
| 2021 | $36,800 | $415 |
| 2020 | $36,800 | $411 |
| 2019 | $46,700 | $520 |
| 2018 | $46,700 | $520 |
| 2017 | $46,700 | $511 |
History based on county public records data.
Nearby schools
7
Fireweed Academy
Public Charter KG-6
6.3 mi
•995 Soundview Ave
6
West Homer Elementary School
Public District 3-6
6.3 mi
•995 Soundview Ave Ste 1
7
McNeil Canyon Elementary School
Public District KG-6
15.6 mi
•52188 E End Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $63,980. The majority of Anchor Point, AK residents have income between $35k-100k annually. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NASCAR
Hunting
Figure Skating
Where do the neighbors shop?
Dollar General
Wal-Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Texas Roadhouse
What do the neighbors drive?
Oldsmobile
Ram
Chevrolet
What do the neighbors listen to?
Oldies
Classic Country
New Country
Frequently asked questions
Living in Anchor Point, AK
Transportation in Anchor Point is primarily oriented towards private vehicle use, with a network of roads connecting residents to nearby cities and natural attractions. Public transportation options are limited, but the community is served by a network of state roads and is accessible via the Sterling Highway, which connects to the larger Kenai Peninsula road system.
Anchor Point provides essential services to its residents, including educational resources with a few local schools serving different grade levels. Healthcare options are available, with clinics and access to larger medical facilities in nearby towns. The area also offers a selection of local dining and retail that showcase the community's unique charm.
The community of Anchor Point prides itself on its serene, natural setting and close-knit atmosphere. Residents enjoy outdoor activities such as fishing and hiking, and the town is celebrated for its annual events that emphasize local traditions and the stunning Alaskan landscape.
Anchor Point's housing market is characterized by a mix of single-family homes and cabins, with a focus on rustic and log home designs that complement the natural surroundings. The area has a homeownership rate that reflects a community of long-term residents and seasonal homeowners.
About 42706 Old Sterling Hwy
The listing price of 42706 Old Sterling Hwy property is $1,495,000.
The property 42706 Old Sterling Hwy is a house located in Anchor Point, Alaska, 99556.
Active Listing: 42706 Old Sterling Hwy is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 42706 Old Sterling Hwy are: Fireweed Academy (GreatSchools Rating 7/10), West Homer Elementary School (GreatSchools Rating 6/10), McNeil Canyon Elementary School (GreatSchools Rating 7/10), Homer Middle School (GreatSchools Rating 8/10), Chapman School (GreatSchools Rating 3/10), Homer High School (GreatSchools Rating 8/10), Homer Flex School (GreatSchools Rating 6/10), Nikolaevsk School (GreatSchools Rating 10/10).
According to the records, the last property tax for 2024 is $520 (source: MLS/based on county public records data).
The property at 42706 Old Sterling Hwy has 32 bedrooms and 12 bathrooms.
The year of construction for 42706 Old Sterling Hwy is 2023.
This home is located at 42706 Old Sterling Hwy in Anchor Point, AK and zip code 99556. Features: 32 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since June 13, 2025 and is currently priced at $1,495,000.
The number of listings in Anchor Point, AK decreased by 2.6% between April and May 2025. Listings spent 116 days on the market in May 2025, and had a median list price of $324,000 during the same period.