TRULY ONE-OF-A-KIND ALASKA ESTATE WITH INCOME + VIEWS! Rare 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.
For sale
$1,650,000
37905 Hall Rd, Sterling, AK 99672
8beds
4,456sqft
Est.:
Multi Family
Built in 2000
-- sqft lot
$745,000 Zestimate®
$370/sqft
$-- HOA
What's special
- 54 days |
- 472 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Mallory L Musgrove,
Century 21 Realty Solutions Freedom Branch,
Morgan L Musgrove,
Century 21 Realty Solutions Freedom Branch
Source: AKMLS,MLS#: 26-2956
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
Estimated market value
$745,000
$626,000 - $887,000
$2,107/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/29/2026 | Listed for sale | $1,650,000+3.2%$370/sqft |
Source: | ||
| 11/18/2025 | Listing removed | $995 |
Source: Zillow Rentals Report a problem | ||
| 11/4/2025 | Price change | $995-33.4% |
Source: Zillow Rentals Report a problem | ||
| 9/3/2025 | Price change | $1,495-16.2% |
Source: Zillow Rentals Report a problem | ||
| 9/1/2025 | Listed for rent | $1,785-40.5% |
Source: Zillow Rentals Report a problem | ||
| 7/22/2025 | Listing removed | $1,599,000$359/sqft |
Source: | ||
| 6/17/2025 | Listed for sale | $1,599,000+14.2%$359/sqft |
Source: | ||
| 9/30/2024 | Listing removed | $3,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/27/2024 | Listed for sale | $1,400,000$314/sqft |
Source: | ||
| 7/30/2024 | Listed for rent | $3,000+172.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/10/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/9/2023 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $524,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 99672
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 6/10Sterling Elementary SchoolGrades: PK-6Distance: 3.6 mi
- 5/10Soldotna Middle SchoolGrades: 7-8Distance: 8.4 mi
- 5/10Soldotna High SchoolGrades: 9-12Distance: 7.6 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Alaska
- Kenai Peninsula Borough
- Soldotna
- 99672
- 37905 Hall Rd





