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For sale
  • $1,650,000

    37905 Hall Rd, Sterling, AK 99672

    8beds
    4,456sqft
    : 
    Multi Family
    Built in 2000
    -- sqft lot
    $702,700 Zestimate®
    $370/sqft
    $-- HOA

    What's special

    TRULY ONE-OF-A-KIND ALASKA ESTATE WITH INCOME + VIEWSRare opportunity to own a 7.14-acre multi-residence property on two parcels (37905 / 37909 Hall Road) overlooking the Kenai River basin and Kenai Mountains. This unique estate blends proven rental income, privacy, and exceptional craftsmanship.Features include: 3 bed / 2 bath custom post & beam main home (Raven's Bluff House), 2 bed / 1 bath walkout daylight in-law apartment, detached log workshop/rec building with 1 bed / 1 bath apartment, plus two additional cabins. Many furnishings included. Established income streams: - Main house + in-law unit operate as a successful VRBO tourism rental with 14-year history, 75+ five-star reviews, and repeat guests - Cabins + workshop apartment are leased to long-term tenants for steady year-round income Exceptional setting: Southern exposure with sunrise views over the mountains and all-day sunlight, plus peaceful sunset views over a western valley. Frequent wildlife sightings include eagles, moose, lynx, and seasonal migrations of Sandhill Cranes and other birds. Prime location: Approx. 10-minute walk via paved road or 15-minute wooded trail to Morgan's Landing (Alaska State Parks) offering riverfront hiking trails and elevated fishing platforms on the Kenai River. Flexible use: continue mixed rental model, expand tourism, or create a private retreat. Package sale only. Cash or conventional financing.
    7 days
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    372
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    16
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    Zillow last checked: 7 hours ago

    Listing updated: April 03, 2026 at 01:37pm

    Listed by:

    Mallory L Musgrove,

    Century 21 Realty Solutions Freedom Branch,

    Morgan L Musgrove,

    Century 21 Realty Solutions Freedom Branch

    Source: AKMLS,MLS#: 26-2956MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 7
      • Full bathrooms: 5
      Heating
      • Baseboard, Natural Gas, Radiant Floor, See Remarks
      Appliances
      • Included: Washer/Dryer
      • Laundry: Common Area
      Features
      • Vaulted Ceiling(s)
      • Flooring: Carpet, Hardwood, Luxury Vinyl, Tile
      • Has basement: No
      • Has fireplace: Yes
      • Fireplace features: Fire Pit
      Interior area
      • Total structure area: 4,456
      • Total interior livable area: 4,456 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached Carport, Other
      • Has garage: Yes
      • Carport spaces: 2
      Features
      • Has view: Yes
      • View description: Mountain(s)
      • Waterfront features: River Access, None
      Lot
      • Size: 7.14 Acres
      • Features: Covenants
      Details
      • Additional structures: Shed(s)
      • Parcel number: 06369044
      • Zoning: UNK
      • Zoning description: Unknown

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Log Siding, Post & Beam, Frame
      • Foundation: Other
      • Roof: Asphalt,Composition,Shingle
      Condition
      • New construction: No
      • Year built: 2000

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private, Well

      Community & HOA

      Location
      • Region: Sterling

      Financial & listing details

      • Price per square foot: $370/sqft
      • Tax assessed value: $673,800
      • Annual tax amount: $5,465
      • Date on market: 3/27/2026
      • Road surface type: Paved
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        Estimated market value

        $702,700

        $576,000 - $836,000

        $1,616/mo

        Price history

        Price history
        DateEventPrice
        3/29/2026Listed for sale$1,650,000+3.2%$370/sqft
        Source: AKMLS #26-2956 Report a problem
        11/18/2025Listing removed$995
        Source: Zillow Rentals Report a problem
        11/4/2025Price change$995-33.4%
        Source: Zillow Rentals Report a problem
        9/3/2025Price change$1,495-16.2%
        Source: Zillow Rentals Report a problem
        9/1/2025Listed for rent$1,785-40.5%
        Source: Zillow Rentals Report a problem
        7/22/2025Listing removed$1,599,000$359/sqft
        Source: AKMLS #25-7449 Report a problem
        6/17/2025Listed for sale$1,599,000+14.2%$359/sqft
        Source: AKMLS #25-7449 Report a problem
        9/30/2024Listing removed$3,000$1/sqft
        Source: Zillow Rentals Report a problem
        8/27/2024Listed for sale$1,400,000$314/sqft
        Source: AKMLS #24-11045 Report a problem
        7/30/2024Listed for rent$3,000+172.7%$1/sqft
        Source: Zillow Rentals Report a problem
        11/10/2023Listing removed--
        Source: Zillow Rentals Report a problem
        9/9/2023Listed for rent$1,100
        Source: Zillow Rentals Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$5,465 -3.7%$673,800 +6%
        2024$5,672 +4.3%$635,900 +4.3%
        2023$5,438 +15.3%$609,600 +13.2%
        2022$4,716 +2.4%$538,400 +4.8%
        2021$4,605 -0.9%$513,900 -0.9%
        2020$4,647 $518,600 -0.7%
        2019$4,647 -0.7%$522,400 +3.7%
        2018$4,681 +3.7%$503,600 -4%
        2017$4,512 $524,800

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $9,417/mo
        Principal & interest
        $8509
        Property taxes
        $908
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          Climate risks

          Neighborhood: 99672

          Getting around

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          Car-Dependent

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Sterling
          • Middle: Skyview
          • High: Soldotna

          Source: AKMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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