Alaska’s real estate is a wild blend of rugged terrain and serene luxury, where towering mountains and icy waters create the backdrop for homes with unmatched character. From oceanfront lodges to lakeside retreats and log-built estates tucked into the wilderness, the state offers both remote privacy and modern grandeur.
Here are some of the most expensive houses in Alaska, each representing the pinnacle of luxury in the Last Frontier.
5. Sterling, AK – $1,599,000
Spanning 7.14 acres across two parcels, this 4,456 square foot property built in 2000 includes 8 bedrooms and 7 bathrooms across a main home, walkout apartment, detached unit, and two cabins. Operated as a successful tourism rental for over 30 years, it offers both residential and income potential with scenic views of the Kenai Mountains and proximity to Morgans Landing.
Listed at $1,599,000, it combines multiple living spaces with rental history and development flexibility.
Where is Sterling?
Sterling is a census-designated place on the Kenai Peninsula in southern Alaska, located along the Sterling Highway. It lies near the Kenai River, making it a popular destination for salmon fishing. Sterling has several campgrounds and access points to the Kenai National Wildlife Refuge. The community supports a mix of recreation, tourism, and residential life.
Living Room
Open layout connects the living room to the rest of the house under vaulted ceilings with heavy timber framing. A leather sectional wraps around a rug and coffee table, positioned for TV viewing. Wooden trim and railing lead the eye toward the stairs and loft area above.
Kitchen
Exposed beams and angled ceilings frame the kitchen, where wood cabinetry and tiled floors set a warm tone. A center island with a cooktop sits near stainless steel appliances and open shelving. Multiple windows bring in natural light from all sides of the space.
Dining Room
Tall windows on two sides give the dining room sweeping views of the surrounding trees. A long rectangular table with dark wood chairs sits beneath a classic chandelier. A built-in bar with stools connects the dining area to the adjacent kitchen.
Bedroom
Corner windows and French doors fill the bedroom with daylight and frame views of the forest. A floral comforter covers the bed near a compact workstation, dresser, and double-door closet. Wood trim accents the walls, matching the rest of the home’s rustic structure.
Deck
Surrounding forest stretches into the distance from the deck, where a table with six chairs sits on wooden planks. A hot tub stands off to one side, separated by a railing made of natural logs. Clear skies and tree-lined views complete the outdoor setting.
Listing agents: Mallory L Musgrove, Morgan L Musgrove of Century 21 Realty Solutions Freedom Branch, info provided by Coldwell Banker Realty
4. Homer, AK – $1,900,000
Set on 3 acres of beachfront with views of Kachemak Bay, this 4,898 square foot home built in 2000 features 5 bedrooms and 4 bathrooms. The property includes a 5-star plus energy rating, an 862 square foot heated garage, and amenities like a greenhouse, garden area, and barn with chicken yard. Offered at $1,900,000, it blends functional custom design with bluff-top coastal living.
Where is Homer?
Homer, Alaska, sits at the end of the Sterling Highway on the Kenai Peninsula. It is known as the “Halibut Fishing Capital of the World” and hosts an annual halibut derby. The city has a vibrant local food scene supported by nearby farms and ocean harvests. Homer also houses the Pratt Museum and the Center for Alaskan Coastal Studies.
Living Room
French doors and full-height windows open the living room to water views and greenery outside. A gas fireplace with built-in shelving anchors the far wall, topped with framed artwork and decor. Neutral-toned seating surrounds a central rug, creating a quiet, open setting.
Dining Room
Corner placement of the dining room maximizes panoramic views through a trio of tall windows. A live-edge wood table with bench and upholstered chairs sits beneath a modern globe chandelier. Light wood flooring and coastal artwork add to the relaxed setting.
Kitchen
A granite island with barstools anchors the kitchen, surrounded by wood cabinetry and stainless appliances. Oversized windows wrap the corner near the sink, offering a view of trees and natural light. Pendant lights and a neutral color scheme complete the open, functional layout.
Primary Bedroom
Pitched ceilings and tall windows in the primary bedroom bring in natural light and mountain views. A fireplace flanked by white built-ins spans the far wall, positioned opposite a large bed and circular lounge chair. French doors open to a private balcony facing the water.
Primary Bathroom
Double sinks, tiled walls, and a soaking tub define the layout of the primary bathroom. A walk-in shower and separate toilet room are placed near the center of the space for flow. Large mirrors, natural lighting, and pale finishes maintain an airy, clean atmosphere.
Listing agents: Art Swisher, Kenneth A Swisher of Coastal Realty – Homer, info provided by Coldwell Banker Realty
3. Big Lake, AK – $2,990,000
Overlooking Big Lake with more than 170 feet of frontage, this 9,771 square foot home built in 1996 spans three levels and includes 12 bedrooms and 12 bathrooms. Resting on 3.24 acres, the property offers flexible options for rental income, large-scale living, or vacation hosting. Offered at $2,990,000, it delivers both size and shoreline access in a private single-family setting.
Where is Big Lake?
Big Lake is a community in the Matanuska-Susitna Borough of Alaska, located about 60 miles north of Anchorage. It surrounds the lake of the same name, popular for boating, fishing, and snowmachining. The area has a mix of year-round residents and seasonal cabins. Big Lake is part of the Anchorage Metropolitan Statistical Area.
Living Room
Vaulted ceilings and tall windows define the living room, where views of the lake stretch across the background. Seating arrangements include armchairs and sofas gathered around a stone-trimmed fireplace. A second-story balcony overlooks the space, bordered by an iron railing.
Kitchen
Central to the kitchen is a square island with turned legs and barstools tucked beneath. Tall white cabinets with glass-front uppers line the walls beside stainless steel appliances, including a double-door refrigerator and built-in oven. Large windows and light flooring enhance the open, functional space.
Primary Bedroom
Two large windows on opposite walls frame views of the water and neighboring houses in the primary bedroom. A tufted headboard and bench center the room, flanked by nightstands and accent chairs. Classic window treatments and wood furniture add a traditional style to the layout.
Listing agent: Kevin Crozier of Elite Real Estate Group The Crozier Team Branch Office, info provided by Coldwell Banker Realty
2. Homer, AK – $3,495,000
Rising from 74.54 acres of Alaskan wilderness, this 12,000 square foot log lodge built in 2000 holds 12 bedrooms and 11 bathrooms designed for grand living or group retreat. The property includes a self-contained loft apartment with a full kitchen and a 1,600 square foot detached garage for storage or workshop use. At $3,495,000, it delivers vast space, remote privacy, and flexible living potential in a rugged natural setting.
Where is Homer?
Homer is a small city on the Kenai Peninsula in southern Alaska, located along Kachemak Bay. It’s known for the Homer Spit, a narrow land strip extending into the bay with shops, restaurants, and docks. The local economy centers on fishing, tourism, and art. Homer is also a gateway to Kachemak Bay State Park, accessible by boat or plane.
Family Room
Log walls and exposed beams frame the family room, where patterned couches and a leather chair encircle a trunk-style coffee table. Sliding glass doors lead to a deck, with views of surrounding forest visible through the glass. A mounted TV, wood shelving, and rustic accents fill the space with cabin-themed decor.
Great Room
Tall windows stretch across the wall in the center of the great room, letting natural light flood the open-plan area. A stone fireplace, oversized seating, and eclectic furniture create a central gathering zone near the dining table. Wall-mounted wildlife and tribal art lend a lodge-style atmosphere to the space.
Kitchen
Wood cabinetry and exposed ceiling beams define the kitchen, which runs galley-style with long countertops on both sides. A large cooktop and pot rack hang near a half-wall that looks out toward the fireplace in the adjacent room. Stainless appliances and tile flooring complete the functional, linear layout.
Sitting Room
Compact and bright, the sitting room features a corner fireplace beneath a framed forest painting. Two glass doors open to an outdoor deck, with a small TV stand and patterned chairs arranged for relaxation. Natural wood walls and high ceilings tie it in with the rest of the cabin’s structure.
Listing agents: Gina Pelaia, Joleen H Brooks of Berkshire Hathaway HomeServices Alaska Realty, info provided by Coldwell Banker Realty
1. Anchorage, AK – $3,795,000
Built in 1991, this 16,609 square foot estate in Alaska includes 5 bedrooms and 7 bathrooms across a 4.5-acre property with striking features like a shooting range, wine cellar, and observatory. Beyond the expansive indoor lap pool and full-size sports court, there’s also a theater, sauna, showroom garage, and multiple kitchens.
Priced at $3,795,000, this property blends massive space with specialized amenities rarely found in a single-family home.
Where is Anchorage?
Anchorage is the largest city in Alaska, located in the south-central part of the state along Cook Inlet. It serves as a hub for transportation, military, and oil industries. The city lies between the Chugach Mountains and the waters of the inlet, offering access to wilderness and wildlife. Anchorage is also home to Ted Stevens Anchorage International Airport, a major cargo hub.
Living Room
Natural light filters through the tall windows in the middle of the living room, framing a view of trees and distant water. Circular and L-shaped dark leather seating surrounds a glass coffee table on a large area rug. Sculptural vases, wood trim, and built-in lighting finish off the space with a modern touch.
Game Room
Game room design centers around a red felt pool table placed between dark wood columns and a built-in bookcase. A stone fireplace and mounted animal heads mark the far side of the room, where windows open to a scenic outdoor view. Wall art, plush seating, and a nearby wet bar add function to the space.
Dining Room
Glass double doors lead into the dining room, where a long rectangular table is arranged with eight upholstered chairs. Stained glass borders the top of tall windows overlooking the landscape beyond. Wainscoting, a chandelier, and decorative accents provide symmetry and warmth throughout.
Kitchen
Dark cherry cabinets and stainless steel appliances wrap around the kitchen, anchored by a small island with a black countertop and sink. A six-burner Viking stove and built-in oven sit along the main cooking wall under a wide black range hood. Double doors and tiled floors complete the layout with functionality.
Wine Cellar
Wine bottles line the walls in this cellar, stored in custom wooden racks that vary in shape and size. At the center of the wine room stands a narrow tasting table with stools and uncorked bottles. Decorative grapevines and framed artwork accent the stone-textured walls and crate-labeled ceiling border.
Listing agents: Savanna Wiita, Dan Wolf of Herrington And Company, LLC, info provided by Coldwell Banker Realty
