Alaska’s real estate market is a rugged blend of wilderness charm and secluded luxury, where mountain views and waterfront serenity are the ultimate amenities. From custom-built log mansions tucked deep in the forests to modern estates perched along glacier-fed lakes, the Last Frontier offers exclusivity wrapped in nature’s raw beauty.
Though the market is smaller than in the Lower 48, high-end properties here come with acreage, privacy, and million-dollar vistas. Here’s a look at the five most expensive houses currently for sale in Alaska.
5. Kenai, AK – $1,495,000
Spanning 4,867 square feet, this Kenai property offers 4 bedrooms and 5 bathrooms on a private 40-acre lot in the K-Beach area, with a price of $1,495,000. Built in 2009, the home includes a 3-car oversized garage, large landscaped lawn, and a winding paved and gravel driveway.
Interior updates between 2010 and 2019 include kitchen and bathroom remodels, basement renovations, and flooring upgrades. Features include 20-foot ceilings, a hydronic snow melt system, an automatic generator, and a 5-Star PLUS energy rating, with close proximity to the Kenai River, schools, and shopping.
Where is Kenai?
Kenai is a city on the western side of the Kenai Peninsula, near the mouth of the Kenai River. It has roots in Dena’ina Athabaskan culture and later Russian settlement. The local economy revolves around commercial fishing, oil, and tourism. Kenai is a key access point for salmon fishing and outdoor activities.
Living Room
High ceilings and tall windows shape the living room, where multiple recliners face a fireplace and TV along one wall. Wood flooring runs throughout the room, and a staircase is visible to the left. Photo arrangements cover the central wall space between the upper windows. A small desk sits near the barstools in the corner.
Kitchen
Natural wood cabinetry and light granite countertops define the kitchen layout. An arched window above the sink, stainless steel appliances, and a small island with a cooktop complete the setup. Curved walls and ceiling details are painted in a reddish-brown tone. A three-light fixture hangs above the center of the room.
Dining Room
Wooden chairs line both sides of a long rectangular dining table set beneath a five-light chandelier. A family photo wall decorates the beige-painted wall, featuring a tree-shaped design with framed images. A glass door to the left leads to a deck outside. Carpet sits under the table while the rest of the surrounding floor is hardwood.
Bedroom
Carpeted flooring runs through the bedroom, centered by a carved wooden bed frame beneath arched windows. A ceiling fan hangs above, and a glass door leads to the deck outside. Walls are painted blue with brown trim framing each window and doorway. Matching nightstands and seating are positioned along the perimeter.
Bathroom
Tiled walls and a raised platform surround a built-in soaking tub positioned beneath an arched window. Two mounted sconces flank the tub on either side. Beige wall paint and crown molding frame the space. Trees are visible through the glass, offering a forested backdrop.
Source: Annette Pankoski @ Alaska 1st Realty, Inc. via Coldwell Banker Realty
4. Anchorage, AK – $1,499,000
In Anchorage, this $1,499,000 custom home offers 3,600 square feet of living space with 4 bedrooms and 4 bathrooms, including 2 primary suites and a bonus room. Originally renovated in 2015 and expanded with a 500 square feet great room and oversized garage, the home also includes a 5-car garage, a gourmet kitchen with a 6×12 foot island, and soft-close cabinetry.
Outdoor features include a wrap-around deck, fully fenced yard, fire pit, and 6-foot iron front fencing with three access gates. A new roof was added in 2019, and a utility area was constructed beneath the house behind the garage.
Where is Anchorage?
Anchorage is Alaska’s largest city, located between the Chugach Mountains and Cook Inlet. It serves as the state’s economic and transportation hub. The city supports industries like oil, tourism, and military operations. Despite its size, it maintains close access to wilderness and wildlife.
Living Room
Tall ceilings and multiple rectangular windows define the living room, where a white sectional faces a wall-mounted TV and open shelving. A circular chandelier hangs above the seating area. Light gray walls contrast with dark window frames and a mix of wood and black metal furnishings. Bookshelves, plants, and decor fill out the corners.
Kitchen
Two-tone cabinetry runs along both sides of the galley kitchen, with white upper cabinets and dark lower ones. A long marble island includes a sink and bar seating, while stainless steel appliances line the opposite wall. Patterned backsplash tiles sit beneath two industrial-style wall sconces. Open shelves and a barn-style door lead to a pantry area in back.
Dining Area
Live-edge wood and black metal make up the dining table and bench, paired with two white slipcovered chairs and three wooden chairs. A glass pendant light fixture hangs directly above. French doors and two narrow windows look out to the deck and treetops. Framed art, macrame, and houseplants line the side walls.
Bedroom
Wood furniture and soft blue walls shape the bedroom, centered by a sleigh bed with a white comforter. A dresser with a mirror stands along one wall, and a sliding barn door opens to the bathroom. Wall art, hats, and personal items are arranged neatly across the room. Flooring is done in dark wood planks.
Bathroom
Vessel sinks, wood-framed mirrors, and mosaic tile borders line the bathroom vanity. A walk-in shower with matte black fixtures sits next to a copper-colored freestanding tub. Plantation shutters cover the bay windows along the back wall. Flooring is consistent with the rest of the home, using wide planks in a medium finish.
Source: Lorrie Seward @ Real Broker Alaska via Coldwell Banker Realty
3. Big Lake, AK – $1,499,999
On Wrights Island on Big Lake, this $1,499,999 lakefront property includes a 6,244 square feet single-family home with 5 bedrooms and 4 bathrooms. The home offers 360-degree lake views, two guest cabins, and multiple docks. Recent updates include a new boiler, septic tank, and wraparound deck. The interior features vaulted ceilings and detailed log finishes throughout.
Where is Big Lake?
Big Lake is a community in the Matanuska-Susitna Borough, northwest of Wasilla. It is centered around a large lake popular for boating, fishing, and snowmachining. Many residents live there seasonally in cabins and vacation homes. The area has a mix of residential, recreational, and small business development.
Living Room
Log beams and round columns define the structure of the living room, anchored by a large river rock fireplace with a mounted TV above. Leather sectionals are arranged around a central wood-slab coffee table. A full-height ceiling opens to a loft with railing, while stairs and entryways frame the space. Large windows line the walls, bringing in views of the surrounding trees.
Kitchen
Barstools line the granite island in a kitchen finished with light wood cabinetry and stainless steel appliances. Pendant lights hang from the timber ceiling above a long countertop workspace. Open shelving and glass-front cabinets display kitchenware. Windows on both sides bring in natural light from the surrounding property.
Dining Area
Natural-edge wood benches and table sit on a rug in the corner dining area, surrounded by log walls and large windows. Views of the lake stretch beyond the deck just outside. Ceiling beams and angled glass panels continue from the living room into this space. The table setup reflects the same rustic style as the surrounding interior.
Bathroom
Two long mirrors and granite countertops run the length of the bathroom wall, each with mounted lighting above. A large soaking tub sits beneath tall windows with views of the lake. Vaulted wood ceilings extend into an adjoining bedroom through an open doorway. A soft rug and light tile floor complete the space.
Deck
Woven loungers and a large dining table with chairs fill the wooden deck along the exterior wall. Vertical log ends and large windows define the cabin’s facade. Railings run the perimeter of the deck, facing a lawn bordered by trees. Multiple doors connect the deck directly to the interior rooms.
Source: Roger E Briley @ Alaska Real Estate Associates, LLC. via Coldwell Banker Realty
2. Palmer, AK – $1,675,000
Surrounded by mountain and valley views in Palmer, this $1,675,000 custom log home offers 6,400 square feet of living space with 5 bedrooms and 5 bathrooms. Designed with in-floor radiant heat throughout, the home also includes versatile bonus rooms and generous storage. Views stretch across Pioneer Peak, Twin Sisters, and the Palmer Hay Flats. Built with a focus on space and utility, it blends natural materials with expansive interiors.
Where is Palmer?
Palmer is located in the Matanuska Valley, northeast of Anchorage. It was established during the New Deal era as part of a federal colonization project. The area is known for agriculture, especially large vegetables grown in long summer daylight. Palmer hosts the Alaska State Fair each year.
Living Room
Log beams frame the living room, where a river rock fireplace rises to the ceiling and displays a mounted deer skull. Large triangular and rectangular windows bring in views of the trees and mountains beyond the deck. A mix of leather furniture, wood accents, and western-themed sculptures fills the space. A staircase and railing define the upper floor along one side.
Kitchen
Dark granite countertops run along two sides of the kitchen, contrasting with natural wood cabinets. Stainless steel appliances include double ovens, a dishwasher, and a cooktop beneath a wood range hood. Exposed log beams support the ceiling above tiled flooring. Several windows bring in outdoor light across the room.
Breakfast Nook
Wicker chairs surround a round glass-top table in a corner breakfast nook with two large windows. Valance curtains hang above each window, framing views of the grassy yard. A chandelier hangs over the center of the table. A white shelving unit and a few decorative items sit in the background.
Dining Area
Two tall windows with heavy curtains flank the formal dining area, anchored by a large table with carved wooden chairs. A chandelier hangs directly above the center. Log walls and exposed ceiling beams match the rest of the house. Display cabinets and a buffet complete the layout.
Bathroom
Granite countertops with dual sinks stretch along one wall of the bathroom. A drop-in tub is set into a raised tile platform beneath a row of windows covered with light curtains. Log walls and a vaulted ceiling continue the theme from the rest of the house. Lighting fixtures and a small accent table finish the space.
Source: Stephanie Gamble @ Keller Williams Realty Alaska Group Of Wasilla via Coldwell Banker Realty
1. Sitka, AK – $3,500,000
Set on its own 11.5-acre island near Sitka, this $3,500,000 property offers seclusion just 20 minutes by boat from town. The 5,200 square feet, three-story home includes 4 bedrooms and 5 bathrooms, with each bedroom featuring its own wood stove. The interior features multiple fireplaces, a sunroom, and expansive decks overlooking the water. Designed for retreat or rental, the home blends space and function in a private setting.
Where is Sitka?
Sitka is a coastal city in southeastern Alaska on Baranof Island. It was once the capital of Russian America before being sold to the United States in 1867. The city is surrounded by mountains, forests, and the Pacific Ocean. Fishing, tourism, and government services support the local economy.
Living Room
Multiple seating groups fill the living room, all arranged around a large area rug. Floor-to-ceiling windows stretch across one wall, divided into a tall grid. A stone fireplace with a TV beside it anchors the main wall. Open shelving, a dining table, and accent chairs are placed around the perimeter.
Kitchen
Wraparound counters in white tile define the kitchen layout, with off-white cabinetry throughout. A central island adds storage and workspace. Several windows provide forest views from multiple angles. Light wood paneling covers both the walls and ceiling, and the appliances are spaced across three sides.
Dining Area
Tall windows wrap around three sides of the dining area, framing views of surrounding trees. A round wooden table with six matching chairs sits at the center. Vertical wood paneling and light wood flooring create a consistent finish. Baseboard heaters line the lower edges of the walls.
Bedroom
Sleeping and sitting areas are combined in one open bedroom layout. A wood-framed bed is placed beneath two narrow windows, while a sectional sofa and chairs face a full wall of square panes. Ceiling height matches the living room, with track lights suspended from wood paneling above. Furnishings include side tables, a dresser, and a small round coffee table.
Bathroom
Long double-sink vanity with storage lines one wall of the bathroom. A glass-walled shower sits across from a built-in bathtub set below a wide window. Floor tiles are arranged in a simple grid, continuing through the entire space. Wall and ceiling surfaces match the light wood tone seen in other rooms.
Source: Michele Hake @ Real Broker, LLC. Juneau Home Group via Coldwell Banker Realty
