Alaska’s real estate market offers a unique blend of rugged wilderness, modern comforts, and breathtaking scenery. With a budget of $1 million, homebuyers can find a wide range of properties, from luxurious mountain retreats and waterfront estates to spacious log cabins and contemporary homes nestled in nature. Whether you’re looking for a secluded escape, a home with panoramic views of glaciers and forests, or a residence in a thriving community, Alaska has something to offer. Here’s a look at ten stunning properties that showcase what $1 million can buy in the Last Frontier.
10. Seward, AK – $1,050,000
This 2,102 sq. ft. home in Seward, Alaska, features 1 bedroom, 4 bathrooms, and breathtaking views of Mt. Alice from the top-floor master suite. The main and lofted areas boast vaulted ceilings with expansive windows that flood the space with natural light, while the first floor offers a cozy gathering area for work and relaxation. A versatile laundry room on the first floor can easily be converted into an additional bedroom, adding to the home’s flexibility. Valued at $1,050,000, the property includes two wells and two septic systems, beautifully landscaped grounds, a well-crafted chicken coop for up to 12 hens, an outdoor play fort, and an impressive greenhouse.
Where is Seward?
Seward is a coastal town located on the Kenai Peninsula, about 120 miles south of Anchorage. Nestled along the shores of Resurrection Bay, it serves as the gateway to Kenai Fjords National Park, known for its stunning glaciers and marine wildlife. The town is a major fishing and tourism hub, attracting visitors with its scenic landscapes, outdoor adventures, and the annual Mount Marathon Race. With a deep-water port, it also plays a key role in maritime commerce and serves as a stop for cruise ships exploring Alaska’s southern coastline.
Living Room
The living room features floor-to-ceiling windows that provide natural light and views of the surrounding trees and mountains. A vaulted ceiling with wood accents adds height, while the open layout connects seamlessly to an outdoor deck. The space includes a cozy seating area with a large sectional and a reading nook.
Dining Area
The dining area is positioned between the living room and kitchen, creating a functional space for meals and gatherings. A dark accent wall contrasts with the light wood flooring and furniture, while a bookshelf provides storage for games and decor. Recessed lighting and a large window keep the area bright and inviting.
Kitchen
The kitchen has warm wood cabinetry, stainless steel appliances, and an L-shaped layout for efficiency. A window above the sink overlooks the outdoors, and a pot rack adds storage for cookware. The peninsula counter includes bar seating for additional dining space.
Bedroom
The bedroom is located in the lofted area with wood-paneled ceilings and exposed beams. A deep blue accent wall contrasts with the natural wood tones, creating a cozy retreat. The room is spacious with a sitting area and easy access to an en-suite bathroom.
Deck
The outdoor space features a small deck that provides a quiet spot to relax and enjoy the natural surroundings. A bistro table offers a cozy seating area, perfect for morning coffee or evening unwinding. The setting is surrounded by tall trees, creating a secluded and peaceful atmosphere.
Source: Ristine F Casagranda @ Coastal Heritage Properties via Coldwell Banker Realty
9. Kenai, AK – $995,000
This 2,525 sq. ft. ranch-style home, built in 2003, features 3 bedrooms and 3 bathrooms with breathtaking mountain views. The interior is designed with high-end finishes, including porcelain countertops, cherry cabinetry with crown molding, engineered hardwood flooring, and specialty fixtures from Europe and Scottsdale. Luxury details include DCS New Zealand appliances, Venetian mirrors, German-made Mullen fixtures with constant temperature control, and in-floor heating for year-round comfort. Valued at $995,000, the exterior boasts dual decks, Anderson windows with colored metal, Hardiboard concrete siding, a paved driveway with street lamps, and an underground sprinkler system for easy maintenance.
Where is Kenai?
Kenai is a coastal city located on the Kenai Peninsula, about 150 miles southwest of Anchorage. It sits along the mouth of the Kenai River, which is famous for its world-class salmon fishing and outdoor recreation. The city serves as a regional hub for commerce, fishing, and tourism, with access to the Cook Inlet and nearby wilderness areas. Kenai is known for its rich history, including Russian influences, stunning coastal views, and abundant wildlife.
Kitchen
The kitchen features wood cabinetry, glass-paneled upper cabinets, and green countertops. Stainless steel appliances, pendant lighting, and a spacious layout provide functionality. Open shelving and decorative accents add storage and character.
Breakfast Room
The breakfast room is surrounded by large windows that offer natural light and views of the outdoors. A traditional wooden table with seating for four sits beneath a chandelier. A glass door provides direct access to the backyard.
Living and Dining Rooms
The living room and dining room share an open layout with wood flooring and neutral tones. Plush seating areas, a large entertainment center, and decorative accents create a comfortable space. The dining area features a chandelier and large windows with custom drapery.
Bedroom
The bedroom has a wood bed frame, matching furniture, and floor-to-ceiling windows. Heavy drapes with decorative valances provide privacy and elegance. A chandelier and pendant lighting add illumination.
Outdoor Space
The outdoor space features a large wooden deck that extends across the back of the home, providing ample room for seating and outdoor activities. Wide steps lead down to the yard, ensuring easy access to the surrounding landscape. Multiple large windows and a glass door connect the deck to the interior, allowing for seamless indoor-outdoor living and plenty of natural light.
Source: Febra C Hensley @ Jack White Real Estate Soldotna via Coldwell Banker Realty
8. Wasilla, AK – $999,995
Valued at $999,995, this custom-built 3,760 sq. ft. home in Wasilla, Alaska, features 5 bedrooms, 5 bathrooms, and stunning mountain views from every window. The open-concept main living area is designed for entertaining, with a chef’s kitchen that includes an oversized island, high-end appliances, a six-burner gas cooktop, and a walk-through butler’s pantry with a beverage fridge. The private owner’s suite offers a retreat with coffered ceilings, a spa-inspired bathroom, a walk-in closet, and a private deck showcasing panoramic views. Additional highlights include a theater room with a 120-inch screen, a covered composite deck, a meticulously landscaped yard with automated sprinklers, and a massive 1,560 sq. ft. garage with a 42-foot RV bay, 220V outlet, and a Generac generator for backup power.
Where is Wasilla?
Wasilla is located in the Matanuska-Susitna Valley, about 43 miles north of Anchorage along the George Parks Highway. It is one of the fastest-growing cities in the state and serves as a commercial and residential hub for the surrounding area. Known for its stunning mountain views, outdoor recreation, and proximity to lakes and trails, Wasilla offers a mix of small-town charm and modern conveniences. The city gained national attention as the hometown of former Alaska governor Sarah Palin and is a gateway to Denali National Park and other Alaskan wilderness attractions.
Entryway
The entryway features a modern glass-paneled front door, high ceilings, and a sleek metal staircase railing. Large windows allow natural light to fill the space, while recessed lighting and a statement chandelier add brightness. A separate room off the foyer provides additional living or office space.
Kitchen
The kitchen includes tall cabinetry, high-end stainless steel appliances, and an oversized island with bar seating. Pendant lights and under-cabinet lighting enhance visibility and style. The open layout connects seamlessly to the dining and living areas for easy entertaining.
Bathroom
The bathroom features a long double vanity with ample storage and a large mirror. A freestanding bathtub sits beneath a window, offering natural light and outdoor views. A walk-in shower with a glass enclosure completes the space.
Theater
The theater room includes a 120-inch projection screen, a ceiling-mounted projector, and sound-dampening panels. A ceiling fan and recessed lighting provide comfort and visibility. The neutral color scheme allows for an immersive entertainment experience.
Deck
The covered deck offers an outdoor living space with mountain views. Large sliding glass doors provide access from the interior. The composite decking material ensures durability and low maintenance.
Source: Larry Ficek @ Better Homes And Gardens Real Estate Dream Makers via Coldwell Banker Realty
7. Ketchikan, AK – $1,055,000
This 3,392 sq. ft. beachfront home offers 5 bedrooms and 3 bathrooms, providing ample space for family and guests. Two spacious living rooms create inviting areas for gatherings or quiet relaxation, while the master suite includes a private bathroom and a walk-in closet. The property boasts extensive on-site parking, including dedicated spaces for a boat and RV, along with a garage for additional storage. Valued at $1,055,000, this home combines comfort, convenience, and a prime waterfront location with direct beach access and expansive views.
Where is Ketchikan?
Ketchikan is a coastal city located on Revillagigedo Island in the southeastern part of the state, about 235 miles south of Juneau. It is known as the “Salmon Capital of the World” and is a popular stop for cruise ships traveling the Inside Passage. The city is surrounded by the Tongass National Forest, the largest national forest in the U.S., and features a rich Native Alaskan culture, including the world’s largest collection of standing totem poles. Due to its location in a rainforest, Ketchikan experiences high annual rainfall, contributing to its lush, green landscapes and vibrant fishing industry.
Living Room
The living room features plush reclining seating and a large area rug on hardwood flooring. Recessed lighting brightens the space, while large windows and a sliding glass door provide natural light and access to an outdoor deck. The open floor plan connects the living area to the kitchen, creating a spacious gathering area.
Kitchen
The spacious kitchen includes ample counter space, wooden cabinetry, and a large center island with seating. A window above the sink offers natural light and a view outside. The built-in appliances include a microwave, oven, and dishwasher.
Bedroom
The bedroom has wood-paneled walls, a large bed, and a built-in bench for additional storage. A window allows natural light and offers views of the water. Mirrored closet doors reflect the room’s interior.
Bathroom
The bathroom features a large soaking tub, a separate glass-enclosed shower, and a dual-sink vanity with wooden cabinets. The walls are painted in a neutral tone, and recessed lighting provides illumination. A towel rack and built-in shelving offer storage space.
Outdoor Space
The home sits directly on the waterfront, with a rocky shoreline leading to the ocean. A fire pit and seating area provide a space for outdoor gatherings. A small deck extends from the house, offering a private outdoor area with scenic views of the surrounding water and mountains.
Source: Shay Eisel @ Coastal Keller Williams Realty Alaska Group via Coldwell Banker Realty
6. Anchorage, AK – $1,100,000
Valued at $1,100,000, this 6,500 sq. ft. home features 7 bedrooms and 8 bathrooms, offering ample space for family and guests. The upper-level kitchen stands out with a large granite island, custom cabinetry, and atrium-style windows that bring in natural light. The master suite includes a spa-like tub, a bidet, multiple closets, and a private loft with a sun-filled southern exposure. The newly completed lower level is ideal for assisted living, extended family, or guests, featuring four full bedrooms, three en-suite bathrooms, a kitchenette, and a theater room.
Where is Anchorage?
Anchorage is the largest city in the state, located in south-central Alaska along the Cook Inlet. It serves as a major transportation and economic hub, with the Ted Stevens Anchorage International Airport acting as a key cargo and passenger gateway. The city is surrounded by the Chugach Mountains and offers easy access to outdoor activities, including hiking, skiing, and wildlife viewing. Despite its northern location, Anchorage has a relatively moderate climate compared to other Alaskan regions due to the influence of the Pacific Ocean.
Kitchen
The kitchen features a large granite island, custom cabinetry, and stainless steel appliances. Atrium-style windows and skylights allow natural light to brighten the space. The open layout connects seamlessly to the rest of the home.
Living and Dining Space
The living room has a high vaulted ceiling, large windows, and an open floor plan. A fireplace and recessed lighting enhance the space. The adjacent dining area offers additional seating options.
Bedroom
The bedroom includes a private loft and an open-concept layout. A spiral staircase leads to the upper level. Multiple closets provide ample storage.
Bathroom
The bathroom has a deep soaking tub, glass block windows, and dual pedestal sinks. Granite countertops and custom tilework add to the design. The space is illuminated by natural and recessed lighting.
Backyard
The backyard includes a fenced-in area with a small deck. Snow-covered ground and trees provide a private setting. A metal-clad exterior adds durability to the structure.
Source: Carla Nice @ RE/MAX Dynamic Properties via Coldwell Banker Realty
5. Wasilla, AK – $1,195,000
Valued at $1,195,000, this lakefront peninsula property on Memory Lake offers 4,136 sq. ft. of living space with 3 bedrooms, 3 bathrooms, and three family rooms, all designed to maximize stunning panoramic views of both the lake and surrounding mountains. Built in 1986, the home features vaulted ceilings, hardwood flooring, a private formal dining room, a breakfast nook/bar, and a sauna, along with walls of windows that bring in abundant natural light. A 1,986 sq. ft. 4-car garage/shop provides extensive storage and workspace, complemented by upper and lower asphalt parking areas large enough for an RV, boat, and additional vehicles. The 3.86-acre private property includes a floatplane dock, a large deck, a private well, a septic system, and natural gas forced-air heating, making it an exceptional retreat for both relaxation and adventure.
Where is Wasilla?
Wasilla is located in the Matanuska-Susitna Valley, about 43 miles north of Anchorage. It sits along the George Parks Highway, making it a key transportation hub for those traveling between Anchorage and interior Alaska. The city is known for its connection to the historic Iditarod Trail Sled Dog Race and serves as a gateway to outdoor recreation, including fishing, hiking, and snowmobiling. With a growing population, Wasilla offers a mix of suburban living, commercial development, and scenic mountain views.
Living Room
The living room features a vaulted wooden ceiling, large triangular windows, and a view of the surrounding trees and water. The space includes a mix of traditional and modern furniture with a seating area centered around a coffee table. A ceiling fan with wooden blades is mounted above for air circulation.
Dining Room
The dining room has a classic wooden dining set positioned near a window with a view of the outdoors. The room features parquet flooring, white walls, and an arched doorway leading to another living space. A fluorescent light fixture hangs from the ceiling.
Bedroom
The bedroom includes a wooden sleigh bed, matching dressers, and a large window for natural light. A leather reclining chair sits in the corner, and neutral carpeting covers the floor. A mirrored closet door reflects the room’s furnishings.
Loft
The loft space overlooks the main living area and has a wooden railing with large windows facing the lake. The ceiling is clad in wood paneling, and natural light fills the room. A small seating area with a sofa and a glass coffee table is positioned along the wall.
Deck
The outdoor deck offers a lake view, surrounded by trees and an open railing. A barbecue grill is set up on the deck, with a tile floor leading to a grassy area. The calm lake and tree-lined shore create a secluded setting.
Source: Barbara Huntley & Bill D Ure @ Keller Williams Realty Alaska Group via Coldwell Banker Realty
4. Soldotna, AK – $1,250,000
This 2,080 sq. ft. Kenai Riverfront retreat features a main home with 2 bedrooms, an office, and 2 bathrooms, designed for both convenience and comfort. The lower level includes a separate apartment with 2 additional bedrooms, 1 bathroom, a full kitchen, and a living room, making it ideal for guests or rental income. The property offers direct walk-out fishing access with a ramp and platform, along with accommodations for up to 3 RVs, including 3 RV cleanouts, two electric hookups, and an outside water hookup. Valued at $1,250,000, it also includes a circular driveway for easy access and parking, as well as a dedicated storage shed for outdoor gear.
Where is Soldotna?
Soldotna is a small city located on the Kenai Peninsula, about 150 miles southwest of Anchorage. It sits along the banks of the Kenai River, which is famous for its world-class salmon fishing. As the commercial hub of the central Kenai Peninsula, Soldotna offers shopping, healthcare, and other essential services for the surrounding communities. The area is known for its outdoor recreation, including fishing, hiking, wildlife viewing, and easy access to nearby Kenai National Wildlife Refuge.
Foyer
The entryway features rustic wood walls and log-style benches, creating a warm and welcoming atmosphere. Coat hooks and storage baskets provide convenient space for outdoor gear. The decor includes vintage-style lanterns, artwork, and nature-inspired accents.
Living and Dining Space
The open-concept living and dining space has exposed wood walls and high ceilings. Large windows and glass doors allow natural light to fill the space and provide scenic views. A dining table with log-style chairs sits near the entrance to the deck.
Seating Area
A seating area with leather couches is positioned near the staircase. The wooden staircase leads to the upper level, featuring a rustic railing. Mounted animal decor and nature-themed furnishings contribute to the cabin’s lodge-style ambiance.
Bedroom
The bedroom has a simple layout with a wooden wainscoting accent. A window with blinds provides natural light and a view of the outdoors. The space is decorated with warm-toned bedding and rustic-style furniture.
Deck
The wooden deck offers an outdoor seating area with a view of the river. Surrounded by tall trees, the space provides a private and relaxing atmosphere. A grill and seating setup make it ideal for enjoying meals outside.
Source: Suzanne Howard @ Jack White Real Estate Soldotna via Coldwell Banker Realty
3. Homer, AK – $1,200,000
Valued at $1,200,000, this fully renovated 4,353 sq. ft. home in Homer, Alaska, features four bedrooms, six bathrooms, and breathtaking panoramic views of Kachemak Bay. Designed for year-round comfort, it boasts 17′ ceilings, an artist-designed oak staircase with fiber optic lighting, in-floor radiant heat, and an open-concept living area with a wet bar, new appliances, and a walk-in pantry. The master suite includes a spa-like retreat with a jetted tub, while a newly installed elevator enhances accessibility. Additional highlights include a greenhouse, a fully fenced yard, ample parking for boats and RVs, and versatile spaces suitable for a private home, B&B, or rental property.
Where is Homer?
Homer is a small city located on the Kenai Peninsula, about 220 miles south of Anchorage. It sits along Kachemak Bay and is known for its stunning coastal views, fishing industry, and arts community. The city features the Homer Spit, a long, narrow strip of land extending into the bay, lined with shops, restaurants, and boat harbors. Often called the “Halibut Fishing Capital of the World,” Homer attracts anglers, outdoor enthusiasts, and visitors looking to experience Alaska’s rugged beauty.
Living Room
The living room has a high ceiling and a mix of tile and carpet flooring. A large, glass-enclosed elevator stands prominently in the space, adding a modern touch. A fireplace and mounted television are set against the wall, surrounded by rustic and wildlife-themed decor.
Dining Room
The dining space is bright with large windows that frame views of the outdoors. A long dining table with ornate wooden chairs sits in the center, accompanied by an electric fireplace on the wall. White curtains and ocean-inspired decor add a light and airy feel.
Bedroom
The bedroom has hardwood flooring and features a four-poster bed with elegant drapery. An open archway leads into an additional space, possibly a sitting area or walk-in closet. Large windows provide views of the landscape beyond.
Bathroom
The bathroom includes a large jetted bathtub set into a tiled platform. A double vanity with wooden cabinetry offers plenty of storage space. A large window near the shower brings in natural light and scenic views.
Outdoor Space
A separate structure on the property includes a guest house with a gray metal roof and a workshop space. The setting is surrounded by lush trees, with golden fall foliage visible. A sloping lawn leads up to the buildings, providing an open outdoor space.
Source: Gina Pelaia @ Berkshire Hathaway HomeServices Alaska Realty via Coldwell Banker Realty
2. Juneau, AK – $1,295,000
This custom waterfront home offers 3,276 sq. ft. of living space with four bedrooms and four bathrooms, providing both comfort and privacy. With a value of $1,295,000, the property features vaulted ceilings, abundant natural light, and a spacious floor plan designed for both relaxation and functionality. The lower level includes a separate entrance, allowing for a potential apartment setup to generate rental income. Located in Thane, the home provides breathtaking waterfront and mountain views while offering year-round wildlife sightings, including humpback whales, orcas, sea lions, and eagles.
Where is Juneau?
Juneau is the capital city of the state, located in the southeastern region along the Gastineau Channel. It is unique because it is only accessible by boat or plane, as there are no roads connecting it to the rest of Alaska. The city is surrounded by the Tongass National Forest and bordered by mountains and glaciers, including the famous Mendenhall Glacier. Juneau serves as a hub for government, tourism, and fishing, with a population of around 30,000 residents.
Living Room
A living space with large windows showcasing expansive waterfront and mountain views. Plush seating and a built-in entertainment center make this a comfortable area to relax. Natural light brightens the space, enhancing the open feel.
Library
A wall-to-wall built-in bookshelf houses an extensive collection of books and a wine storage section. The warm wood tones and soft lighting create an inviting atmosphere. This area provides a great space for reading or entertaining guests.
Bedroom
Bedroom with recessed lighting and built-in shelving. A large bed sits against a neutral backdrop, offering a relaxing retreat. The room connects to an en-suite bathroom and additional sitting space.
Bathroom
Bathroom with a double vanity, large mirror, and modern fixtures. The bathtub is positioned below a window for natural light. Wood beams on the ceiling add a rustic touch.
Balcony
A long balcony with a sturdy railing overlooks the waterfront and forested surroundings. Large windows along the exterior wall maximize the views. The peaceful setting offers privacy and a connection to nature.
Source: Mandy Massey @ eXp Realty, LLC. – Southeast Alaska via Coldwell Banker Realty
1. Palmer, AK – $1,400,000
This 7,320 sq. ft. farmhouse sits on expansive farmland and features 7 bedrooms, 5 bathrooms, and 3.5 kitchens, making it ideal for multi-generational living or large families. Designed for both comfort and functionality, the home offers spacious living areas and a barn for additional storage or agricultural use. With its vast layout and versatile spaces, the property allows for creative ventures or potential rental opportunities. Valued at $1,400,000, this home provides a unique combination of rural charm and modern convenience.
Where is Palmer?
Palmer is a small city located in the Matanuska-Susitna Valley, about 42 miles northeast of Anchorage. It is known for its agricultural history, with fertile soil that supports farming and an annual Alaska State Fair. The city sits near the Chugach and Talkeetna mountain ranges, offering scenic views and outdoor recreation. Palmer experiences cold winters and mild summers, making it a popular destination for those who enjoy a quieter, rural Alaskan lifestyle.
Living Room
The living room is large with hardwood flooring, high ceilings, and arched windows that allow natural light to flow in. A sitting area and a game table are arranged in an open layout leading into other sections of the home. The neutral tones and wood accents contribute to a cozy but spacious atmosphere.
Sunroom
A bright sunroom with floor-to-ceiling windows offers a clear view of the outdoor greenery. The tiled floors and skylights enhance the airy and open ambiance. Comfortable seating and a direct exit to the deck create an ideal relaxation space.
Bedroom
Bedroom with large windows overlooks the green outdoor landscape. Hardwood flooring, soft-colored walls, and classic wooden furniture give the space a warm and inviting feel. A seating area and access to the hallway add functionality.
Bathroom
The bathroom features a double vanity, a standalone soaking tub, and wood paneling on one wall. The long mirror with overhead lighting provides ample brightness. Large windows allow natural light while maintaining privacy.
Backyard
The two-story farmhouse-style home sits on a vast green lawn, with a greenhouse and additional structures in the background. The home features large windows and a wraparound deck, providing an open view of the surrounding trees and sky. The well-maintained landscape adds to the spacious and rural setting.
Source: Donna Cote & Kelsey Mcleod @ Jack White Real Estate Mat Su via Coldwell Banker Realty
