The real estate market in Alaska is a unique combination of remote luxury and untamed wilderness, with expansive estates offering stunning views of mountains, glaciers, and clear waters. High-end properties often feature private airstrips, custom log lodges, and expansive acreages perfect for those seeking adventure and solitude. Whether perched along the coastline of Anchorage or nestled deep in the Alaskan interior, these homes provide unparalleled access to nature without sacrificing modern comforts. For those who dream of owning a slice of the Last Frontier, Alaska’s most exclusive properties are truly one of a kind.
Listed below are five of the most costly residences in the Land of the Midnight Sun.
5. Ninilchik, AK – $899,900
Situated on 1.28 acres, this lodge-style home in Ninilchik boasts 3,300 sq. ft., 6 bedrooms, and 6 bathrooms, and is available for $899,900. Located at the end of a cul-de-sac, the log-sided home features 3 bedrooms on each level for privacy. A lofted game room includes a pool table and bar, while the kitchen is equipped with commercial-grade appliances. Accessible year-round on a borough-maintained road, the property combines rustic charm with modern amenities and is minutes from top fishing locations.
Where is Ninilchik?
Nestled on the Kenai Peninsula in south-central Alaska lies the small town of Ninilchik. It was originally settled by Russian immigrants in the 1800s, and the historic Russian Orthodox Church overlooking the village remains a landmark. The town is known for its fishing, with access to the Ninilchik River, Cook Inlet, and nearby Deep Creek for salmon and halibut. Each year, Ninilchik hosts the Kenai Peninsula State Fair, attracting visitors from across the region. The area also offers clamming, wildlife viewing, and scenic views of the Alaska Range and volcanoes across the inlet.
Living Room
Log walls and exposed beams define a rustic living space with high ceilings. A wooden staircase leads to an open loft, overlooking a seating area with plush sofas and a mounted television. A wood-burning stove sits on a stone hearth, adding warmth to the room. Large beams support the loft railing, reinforcing the cabin-style design.
Kitchen
Stainless steel appliances contrast with distressed blue cabinetry in this spacious kitchen. A large range with a metal backsplash serves as the focal point, while wooden countertops match the log interior. Open shelving and glass-paneled cabinets provide storage for dishes and cookware. A wood-burning stove sits in the corner, enhancing the cabin aesthetic.
Dining Room
A handcrafted dining table with a live edge sits beneath an antler chandelier. Blue wooden chairs and cabinets add color to the log-paneled walls. A window provides a view of the surrounding forest, framed by rustic wall sconces. A green door leads outside, connecting the dining space to nature.
Game Room
A lofted game room features a pool table beneath a hanging beer-branded light fixture. A small bar area with stools and a mini-fridge sits against the wall. Windows allow natural light to brighten the space, complementing the wood-paneled ceiling and walls. A ceiling fan and recessed lighting complete the setup.
Bathroom
In this rustic-style bathroom, stone and wood surround a deep soaking tub. Natural log walls and a wood-planked ceiling create a warm atmosphere. A small window with dark blinds provides privacy while allowing in soft light. A simple wooden chair and towel rack complete the space.
Source: Sarah Beller @ Sarah Beller Real Estate via Coldwell Banker Realty
4. Homer, AK – $1,395,000
This $1,395,000 estate in Homer includes two custom homes on separate lots, totaling 5,082 sq. ft. with 5 bedrooms and 4 bathrooms. The main home features vaulted ceilings, a handcrafted stone fireplace, and panoramic views of Kachemak Bay, glaciers, and volcanoes. The kitchen includes two large islands, custom cabinetry, and high-end appliances. The main level has a 1,500 sq. ft. master suite, a home theater, and a large mudroom with laundry and pantry space. Upstairs, the primary suite includes a gas fireplace, a travertine steam shower, and a custom walk-in closet. The guest cottage, a successful vacation rental, has two bedrooms, one bathroom, a full kitchen, and its own laundry. The properties have separate lots, septic systems, and a shared well, with purchase options available for each home individually.
Where is Homer?
The southern Alaskan city of Homer sits on the Kenai Peninsula and is relatively small. It is known for the Homer Spit, a long, narrow strip of land that extends into Kachemak Bay and features shops, restaurants, and the harbor. The city is a hub for fishing, particularly halibut, earning it the nickname “Halibut Capital of the World.” Homer has a strong arts community, with galleries, theaters, and the Pratt Museum showcasing local history and culture. The surrounding area offers outdoor activities like kayaking, hiking, and wildlife viewing, with easy access to Kachemak Bay State Park.
Living Room
Curved seating surrounds a rustic coffee table in a spacious living area. Tall arched windows allow natural light to enter, offering a view of the landscape beyond. A high wooden ceiling connects the space to an open kitchen, where a long bar with stools provides seating. Pendant lights hang over the counter, highlighting the unique mix of modern and rustic elements.
Kitchen
Bright blue cabinetry stands out in the kitchen with high wooden ceilings and arched windows. Open shelving displays glassware and decorative pieces, while a central island offers workspace and additional storage. Metal barstools line one side of the island, adding a casual seating area. A staircase leads to another level, enhancing the open-concept design.
Dining Area
A round dining table sits beneath a wood-paneled ceiling in a space surrounded by windows. Plush green chairs complement the natural tones of the room, while a chandelier adds a decorative touch. Built-in shelves along the wall hold glassware and other accents. A door leads to an outdoor area, blending indoor and outdoor spaces.
Bedroom
Expansive windows offer a panoramic view of the ocean and distant mountains in a bedroom with a vaulted wooden ceiling. A stone fireplace sits in the corner, adding warmth to the space. A wooden arched door and built-in shelving create a comfortable and functional layout. Plush seating and a large bed complete the relaxing atmosphere.
Bathroom
Blue and white tiles cover the walls and floor of a bathroom with a bold color scheme. A black soaking tub sits beneath a set of windows, framed by blue tilework. White cabinetry with star-shaped details provides storage, while a large mirror reflects natural light. A black toilet and a colorful shower curtain contrast with the rest of the space.
Source: Angie Newby @ Homer Real Estate via Coldwell Banker Realty
3. Anchorage, AK – $1,790,000
A $1,790,000 home in the Sky Hills subdivision offers 10,406 sq. ft. with 4 bedrooms and 6 bathrooms on nearly an acre. The main floor includes a large en-suite bedroom, a bright kitchen with stainless steel appliances, and a spacious living room. The second floor features a 1,450 sq. ft. master suite, two additional bedrooms, and an office. The basement includes a wine cellar, workout room, and home theater. A 1,304 sq. ft. four-car garage provides ample storage.
Where is Anchorage?
Nearly 40% of Alaska’s population resides in the city of Anchorage, which is situated in south-central Alaska. The city experiences long summer days and short winter daylight hours, with the northern lights often visible in colder months. Anchorage is a key military hub, with Joint Base Elmendorf-Richardson playing a major role in the local economy. The Alaska Railroad connects Anchorage to other parts of the state, including Fairbanks and Seward. The city is also known for its wildlife, with moose, bears, and bald eagles commonly seen within urban areas.
Living Room
Floor-to-ceiling windows fill the living area with natural light and offer a view of the outdoors. A fireplace sits beneath a decorative mirror, adding warmth to the space. A small bar area with glass shelves and modern stools provides a spot for drinks. Classic furniture with intricate detailing is arranged around a glass coffee table.
Dining Room
A long wooden dining table is surrounded by upholstered chairs with carved frames. Large windows bring in natural light and offer a view of the trees outside. A chandelier hangs from the ceiling, complementing the room’s traditional design. Built-in cabinetry provides storage along one wall, adding function to the space.
Bedroom
A spacious bedroom features a wooden sleigh bed positioned against a neutral wall. A chandelier hangs from the ceiling, providing a focal point in the open layout. Large windows allow for natural light, while a small desk and seating area add function to the room. A dresser with a carved mirror sits against one wall, offering storage.
Bathroom
Slate tile flooring leads into a bathroom with a glass-enclosed shower and a built-in tub. A double-sided fireplace is positioned between the bathroom and an adjacent bedroom. Natural light filters through multiple windows, highlighting the neutral tones of the walls and fixtures. A mix of textures, from smooth tiles to frosted glass, adds depth to the space.
Sauna
Wood-paneled walls and tiered seating create a traditional sauna space. Built-in benches provide seating along the perimeter, offering multiple levels for relaxation. Wall-mounted lights add soft illumination to the enclosed space. The natural finish of the wood gives the room a warm, cohesive look.
Source: Brian M Roit @ RE/MAX Dynamic Properties via Coldwell Banker Realty
2. Soldotna, AK – $1,990,000
In a gated community on Longmere Lake, this beautifully restored mansion features 4,663 sq. ft., 5 bedrooms, and 4 bathrooms, and is available for $1,990,000. The home has wall-to-wall windows overlooking the lake, a rock fireplace with hidden storage, and a kitchen with high-end appliances, two dishwashers, and two refrigerators. The master suite includes a spa-like bathroom with a custom shower, soaking tub, and double vanities. Upstairs has three bedrooms, one with an attached sitting area, while the daylight basement includes a family room, bunk room, full bathroom, and laundry. Outdoor amenities include a heated sidewalk, a driveway to the lake, a dock with space for a plane and watercraft, two-story Trex decks, an H2X fitness swim spa, and indoor and outdoor saunas. The landscaped yard has underground sprinklers fed by the lake, and the property is located just a few miles from the Kenai River.
Where is Soldotna?
Soldotna is a small city on the Kenai Peninsula in south-central Alaska. It is located along the Kenai River, which is famous for its salmon fishing, particularly king salmon. The city serves as a regional hub for commerce, healthcare, and outdoor recreation. Nearby, Kenai National Wildlife Refuge offers opportunities for hiking, wildlife viewing, and camping. Soldotna hosts the annual Kenai River Festival and is a popular destination for anglers and tourists in the summer months.
Living Room
High ceilings and tall windows fill the living room with natural light. A stone fireplace extends up the wall, with a mounted television and built-in shelves displaying decorative items. Leather seating is arranged around a central table, facing the fire. A chandelier hangs from the vaulted ceiling, complementing the rustic and modern elements in the room.
Kitchen
An open kitchen features a large island with black stools arranged around its polished stone surface. A metal chandelier with glass fixtures hangs above, adding overhead lighting. White cabinets contrast with a dark range hood, and windows offer views of the trees and snow-covered hills outside. A sliding glass door leads to an outdoor deck.
Bedroom
Large windows frame a winter landscape in the bedroom with a simple design. A dark bed frame sits against a white wall, with a desk and office chair placed nearby. Sliding doors open to the snowy yard, bringing in natural light. A ceiling with recessed lighting adds depth to the space.
Patio
Snow coats the woven furniture on an open deck overlooking the frozen lake. A glass railing allows for unobstructed views of the distant tree line and scattered houses. Outdoor seating is arranged around a central table, providing space for gathering. Sunlight reflects off the icy surface, contrasting with the soft cushions covered in frost.
Outdoor Spa
Heated water swirls in a large outdoor spa, partially sheltered under a wooden deck. Adirondack chairs sit nearby, facing a snow-covered landscape with a frozen lake in the distance. A staircase leads to the upper level of the home, connecting the covered area to the rest of the property. A railing marks the edge of the deck, separating the hot tub space from the sloping yard below.
Source: Jennifer Howell @ Jack White Real Estate Soldotna via Coldwell Banker Realty
1. Anchorage, AK – $11,600,000
An $11,600,000 modern mountain estate in Anchorage offers 16,325 sq. ft. with 4 bedrooms and 7 bathrooms, designed for aviation enthusiasts with a multi-aircraft hangar and direct access to a private airstrip. Located 10 minutes from Anchorage International Airport, the home features grand floor-to-ceiling windows showcasing mountain views, a stone fireplace in the great room, a formal dining area with a solid walnut table, and a gourmet kitchen with exotic countertops. Recreational amenities include an indoor swimming pool, a full-size basketball court, and a home theater. The master suite features panoramic views, a spa-like en-suite, and spacious walk-in closets. Heated driveways and sidewalks ensure year-round accessibility. Outdoor spaces include manicured grounds, water features, and a rooftop patio with built-in fire strips for year-round enjoyment.
Where is Anchorage?
Anchorage is the largest city in Alaska, located along the Cook Inlet in the south-central part of the state. It serves as a transportation and economic hub, with the Ted Stevens Anchorage International Airport handling a large volume of cargo traffic. The city offers access to outdoor activities like hiking, fishing, and wildlife viewing, with nearby areas such as Chugach State Park and the Tony Knowles Coastal Trail. Anchorage has a mix of urban and rural influences, with a strong connection to Alaska Native culture. The Iditarod Trail Sled Dog Race officially starts in Anchorage each year, drawing visitors and competitors from around the world.
Living Room
Stone and wood elements frame a fireplace in the living room, with a leather sofa positioned in front. Large windows allow natural light to highlight the exposed beams running across the ceiling. A staircase with metal railings leads to an upper level, while pendant lights hang over a seating area. A combination of modern and rustic design fills the space.
Dining Area
Floor-to-ceiling windows surround a long dining table with matching wooden chairs. Pendant lights hang from the ceiling, adding focused lighting above the table. The view outside stretches across a landscape of trees and open sky. A nearby seating area with a leather couch connects the dining space to the rest of the home.
Home Theater
Rows of recliners face a large projection screen, set against a wood-paneled wall in this theater room. Dark ceiling beams contrast with a star-like lighting design above. Wall sconces provide subtle lighting along the sides. Curtains frame the back wall, creating a theater-style setting.
Bedroom
Glass walls frame the bedroom, bringing in views of the surrounding trees and sky. A dark wood bed sits against a simple backdrop, with a fireplace built into the wall. Light from a chandelier reflects off the high ceiling. A dresser and mirror complete the space.
Bathroom
A large soaking tub is set against a curved mosaic-tiled platform. A long floating vanity runs along the opposite wall, topped with a sleek countertop and vessel sinks. Floor-to-ceiling windows reflect in the large mirrors, extending the sense of openness. Wood paneling stretches across the ceiling, matching the flooring beneath.
Source: David H Matthys @ RE/MAX Dynamic Properties via Coldwell Banker Realty
