Here’s What $1 Million Will Get You For a House in Alaska (9 Properties)

Alaska offers a unique blend of stunning natural beauty, spacious living, and okay value in the housing market. For $1 million, you can own homes that feature breathtaking views of the Chugach Mountains, serene waterfronts, and proximity to the state’s natural wonders. From a modern custom-built retreat in Wasilla with a chef’s kitchen, theater room, and RV-ready garage, to a spacious hillside home in Anchorage designed with income-producing potential, these properties showcase the best of Alaskan living. Whether nestled on the shores of Kenai Lake, overlooking Sitka Sound, or situated in a serene wooded setting, these homes combine luxury, functionality, and a deep connection to the state’s awe-inspiring landscapes. Let’s explore what $1 million can buy you in the Last Frontier.

9. Anchorage, AK – $969,000

This home in Anchorage is listed at $969,000. This 2,576-square-foot custom-built home, set to be completed in 2024, includes 3 bedrooms and 3 bathrooms. Located on a serene view lot above Potter, the main floor features an open-concept design with abundant natural light. The chef’s kitchen includes a large island, upgraded appliances, and wood accents, and it overlooks the living room. The design prioritizes functionality and modern aesthetics. The property offers a spacious layout and scenic surroundings.

Where is Anchorage, Alaska?

Anchorage, AK, is located in the south-central part of Alaska, along the shores of Cook Inlet. It lies approximately 360 miles south of Fairbanks and 125 miles north of Kenai. The city is surrounded by the Chugach Mountains to the east and vast wilderness areas that define Alaska’s rugged landscape. Its coastal location provides access to nearby natural attractions, including Chugach State Park and Turnagain Arm. Anchorage serves as a central hub for exploring Alaska’s interior and coastal regions.

Foyer

The entryway features a glass-paneled front door, a side window for additional natural light, and light wood flooring. A black metal stair railing leads to the upper level, adding contrast to the neutral walls. This 3-bedroom, 3-bathroom home spans 2,576 square feet.

Living Room

This living room features large windows on three sides, providing natural light and views of the surrounding landscape. A tiled fireplace with a wood mantle serves as the focal point, complemented by light wood flooring. This 3-bedroom, 3-bathroom home spans 2,576 square feet.

Kitchen

This modern kitchen features a two-tone design with navy lower cabinets, white upper cabinets, and marble-style countertops. Pendant lighting and recessed lights provide ample illumination, while the open layout offers plenty of workspace. Part of a 2,576 sq ft home with 3 bedrooms and 3 bathrooms, it combines style and practicality.

Bathroom

This bathroom features dual vanities with illuminated mirrors, gold fixtures, and a sleek black countertop. A freestanding tub with a gold faucet adds a luxurious touch, complemented by modern tile flooring. Part of a 2,576 sq ft home with 3 bedrooms and 3 bathrooms, it combines elegance with functionality.

Deck

The exterior features a balcony and a deck with black metal railings, offering views of the surrounding landscape. Sliding glass doors connect the deck to the interior, enhancing indoor-outdoor access. This 3-bedroom, 3-bathroom home spans 2,576 square feet.

Source: Nate Baer @ Alaska Real Estate Associates, LLC. via Coldwell Banker Realty 

8. Juneau, AK – $995,900

Here’s what you get in Juneau for $995,900. This 1,874-square-foot waterfront property, built in 1966, is located in Auke Bay and includes 4 bedrooms and 3 bathrooms. The property offers direct road access to a sheltered cove with a pristine beach and ample sun exposure. It is zoned D-1, allowing potential expansion below the main house pending CBJ Planning approval. The current layout includes multiple rental income opportunities but can be converted back into a single-family home. The property provides scenic waterfront views and space for future development.

Where is Juneau, Alaska?

Juneau, AK, 99801, is located in southeastern Alaska, along the Gastineau Channel. It lies on the northern end of the Alexander Archipelago and is accessible only by air or sea, as no roads connect it to other cities. Surrounded by the Tongass National Forest and glacier-filled landscapes, Juneau serves as the state capital and a gateway to nearby attractions like the Mendenhall Glacier and the Inside Passage.

Living Room

The living room features carpeted flooring, a wall-mounted TV, and large sliding glass doors that provide natural light and access to the outdoor deck. A combination of seating areas and built-in shelving creates a versatile space. This 4-bedroom, 3-bathroom home spans 1,874 square feet.

Kitchen

This kitchen features wooden cabinetry, a central sink under a window, and black appliances for a functional workspace. The U-shaped layout provides ample counter space, with open shelving for additional storage. Part of a 1,874 sq ft home with 4 bedrooms and 3 bathrooms, it emphasizes practicality and efficiency.

Bedroom

The bedroom features carpeted flooring, two windows with decorative coverings, and a minimalist bed frame. Wall-mounted lighting provides illumination, complementing the neutral walls. This 4-bedroom, 3-bathroom home spans 1,874 square feet.

Bathroom

This bathroom features a walk-in shower with grab bars, a single vanity with storage, and a standard toilet. Neutral walls and flooring create a clean, functional design. Part of a 1,874 sq ft home with 4 bedrooms and 3 bathrooms, it emphasizes accessibility and simplicity.

Deck

The outdoor deck features wood flooring and railings, with expansive views of the forest and water. Surrounded by tall trees, it provides a private space for relaxation and outdoor activities. This 4-bedroom, 3-bathroom home spans 1,874 square feet.

Source: Mandy Massey @ eXp Realty, LLC. – Southeast Alaska via Coldwell Banker Realty

7. Ketchikan, AK – $1,055,000

All this in Ketchikan for $1,055,000. This 3,392-square-foot beachfront home, built in 1955, includes 5 bedrooms and 3 bathrooms. The property features two living rooms, offering space for gatherings or quiet use. The primary bedroom includes a private bathroom and a walk-in closet. Parking options include a garage, dedicated spots for a boat, and RV parking. The home provides direct coastal access and ample space for residents and guests.

Where is Ketchikan, Alaska?

Ketchikan, AK, 99901, is located in the southeastern part of Alaska on Revillagigedo Island. It lies along the Inside Passage, approximately 235 miles south of Juneau and is accessible by ferry or air. Surrounded by the Tongass National Forest, it is known as the “Salmon Capital of the World” and serves as a gateway to nearby attractions like Misty Fjords National Monument and the Alaska Marine Highway.

Living Room

The living area features a spacious open layout connecting to the kitchen, with wood paneling on the walls and recessed lighting. Large windows and a sliding glass door provide natural light and access to the outdoor deck. This 5-bedroom, 3-bathroom home spans 3,392 square feet.

Family Room

This spacious living room features large windows offering expansive water views and abundant natural light. The layout includes wood flooring, a sectional sofa, and a wall-mounted TV for relaxation and entertainment. Part of a 3,392 sq ft home with 5 bedrooms and 3 bathrooms, it emphasizes comfort and scenic surroundings.

Dining Room

The dining area features a wooden table with seating for six, positioned near large windows and a sliding glass door that provides ocean views. The space connects seamlessly to the kitchen, which includes wood cabinetry and tile flooring. This 5-bedroom, 3-bathroom home spans 3,392 square feet.

Kitchen

The kitchen includes wood cabinetry, white countertops, and a large center island with seating for two. Built-in appliances, tile flooring, and recessed lighting enhance functionality and design. This 5-bedroom, 3-bathroom home spans 3,392 square feet.

Yard

The exterior features a gravel yard with a fire pit and direct access to the waterfront, offering views of the ocean and surrounding landscape. A small deck connects the home to the outdoor space, surrounded by natural rock formations. This 5-bedroom, 3-bathroom home spans 3,392 square feet.

Source: Shay Eisel @ Coastal Keller Williams Realty Alaska Group via Coldwell Banker Realty

6. Sitka, AK – $959,000

All this for $959,000 in Sitka. This 3,740-square-foot home, built in 2003, features 4 bedrooms and 4 bathrooms. The property includes heated tile floors, solid oak wood walls, and an open floor plan. It offers views of Mt. Edgecumbe and Sitka Sound from all three floors, with oversized windows for natural light. The home also includes a private entry to an income-producing apartment on the lower level. The wooded lot provides privacy and a custom design tailored to the site.

Where is Sitka, Alaska?

Living Room

The living area features high vaulted ceilings, wood paneling, and large geometric windows that provide natural light and outdoor views. Tiled flooring extends throughout the space, complemented by a sectional sofa and access to an outdoor deck. This 4-bedroom, 4-bathroom home spans 3,740 square feet.

Dining Room

This dining area features a vaulted wood-paneled ceiling, large windows for natural light, and tiled flooring. The space includes a central table with seating and built-in cabinetry for storage. Part of a 3,740 sq ft home with 4 bedrooms and 4 bathrooms, it offers a functional and inviting layout.

Bedroom

The bedroom features wood-paneled walls and ceiling, a single window for natural light, and plush carpeted flooring. A central light fixture adds illumination, complementing the room’s warm tones. This 4-bedroom, 4-bathroom home spans 3,740 square feet.

Source:  Bennett Mcgrath, Sidney Kinney @ Anchor Properties via Coldwell Banker Realty 

5. Seldovia, AK – $950,000

In Seldovia, this is an example of what you can buy for $950,000. This 2,430-square-foot home, built in 2013, is set on historic cannery pilings in Seldovia Slough and features a 70-foot-wide deck with waterfront views that change with the tide. Designed by contractor Tim Dillon, the property includes an overhead covered bridge, an elevator shaft, a spacious workshop, and guest quarters. The interior offers vaulted ceilings, in-floor heating, and multiple large picture windows, with three separate units that each have their own outside entrances. The property is equipped with city utilities and has full East-South-West exposure from the decks. Located near the boardwalk, the airport, and the boat harbor, the home combines accessibility with versatile rental potential.

Where is Seldovia, Alaska?

Seldovia, AK, 99663, is located on the southern shore of the Kenai Peninsula, along Kachemak Bay in south-central Alaska. It lies approximately 15 miles southwest of Homer and is accessible only by boat or small plane. Surrounded by coastal forests, rocky shorelines, and scenic waterways, Seldovia offers a remote and tranquil setting with opportunities for exploring nearby trails, marine life, and the natural beauty of Kachemak Bay State Park.

Interior

This interior space features large windows offering views of the waterfront and surrounding trees. The unfinished room includes open subflooring and exposed beams, allowing for flexible design possibilities. This 3-bedroom, 3-bathroom home spans 2,430 square feet.

Deck

This waterfront property features a wooden deck overlooking calm waters and nearby stilted homes. Surrounded by trees and mountains, the area offers scenic views and natural beauty. Part of a 2,430 sq ft home with 3 bedrooms and 3 bathrooms, it emphasizes outdoor connection and tranquility.

Aerial View

The home is built on pilings over the waterfront, offering direct views of the shoreline and surrounding area. A large wraparound deck provides outdoor space, with multiple windows maximizing natural light and scenery. This 3-bedroom, 3-bathroom home spans 2,430 square feet.

Source: Gina Pelaia @ Berkshire Hathaway HomeServices Alaska Realty via Coldwell Banker Realty

4. Cooper Landing, AK – $950,000

For $950,000, here’s what you get in Cooper Landing. This 1,364-square-foot home, built in 1955, is located on nearly 2 acres along the turquoise waters of Kenai Lake in Cooper Landing. The property includes 2 bedrooms, 2 bathrooms, and a 1,302-square-foot workshop for outdoor gear and storage. The home offers a deck with views of the lake and surrounding mountains. A wood stove is present for heating, and the home is livable but requires some updates. The property provides direct access to Kenai Lake and its natural surroundings.

Where is Cooper Landing, Alaska?

Cooper Landing, AK, 99572, is located in south-central Alaska, along the banks of the Kenai River on the Kenai Peninsula. It sits at the junction of the Sterling Highway and the Seward Highway, approximately 100 miles south of Anchorage and 50 miles north of Seward. Surrounded by the Chugach National Forest, Cooper Landing serves as a gateway for outdoor activities like fishing, hiking, and rafting, with nearby access to Kenai Lake and the Russian River.

Kitchen

The kitchen includes wood-paneled walls, an island with a tiled countertop, and stainless steel appliances. A window above the sink provides natural light, while built-in shelving adds functionality. Part of a 1,364 sq ft home with 2 bedrooms and 2 bathrooms, it offers a cozy and efficient layout.

Bedroom

This bedroom features natural wood paneling, a large bed, and ample built-in storage. A functional layout connects it to adjacent living spaces, providing convenience. Part of a 1,364 sq ft home with 2 bedrooms and 2 bathrooms, the room emphasizes practicality.

Bathroom

The bathroom includes a walk-in shower, a single vanity with a marble-style countertop, and open shelving for storage. Wood-paneled walls and tiled flooring create a cohesive design. Part of a 1,364 sq ft home with 2 bedrooms and 2 bathrooms, it focuses on simplicity and functionality.

Garage

The expansive garage features high ceilings, three large doors, and bright overhead lighting. A side window and built-in shelving enhance the space’s usability for storage or projects. Part of a 1,364 sq ft home with 2 bedrooms and 2 bathrooms, it offers versatile utility.

Source: Teresa Winter & Robert Winter @ Jack White Real Estate Soldotna via Coldwell Banker Realty

3. Whittier, CA – $949,888

In Whittier, $949,888 will get you this property. This 1,577-square-foot home, built in 1950 on a 6,012-square-foot lot, features 3 bedrooms and 2 bathrooms, including a master suite with a walk-in closet and a private bathroom with a new shower door. The property includes an open-concept kitchen with a center island, quartz countertops, white shaker cabinets with self-closing drawers, and a full stainless steel appliance package along with a stackable washer/dryer. Interior features include LED recessed lighting, engineered hardwood flooring, and high-efficiency dual-pane vinyl windows. The exterior features a fenced front yard with a sprinkler system, a backyard patio, and a jetted outdoor spa. Additional updates include a newer roof, new interior paint, and central air and heating.

Where is Whittier, Alaska?

Whittier, CA, 90603, is located in Los Angeles County in Southern California, approximately 15 miles southeast of downtown Los Angeles. It lies near the intersection of major freeways, including the 605 and 60, providing convenient access to surrounding cities and attractions. Nestled at the base of the Puente Hills, Whittier offers a mix of suburban living and proximity to nearby parks, trails, and urban amenities.

Living Room

The living room features sleek wood flooring, recessed lighting, and a large window that fills the space with natural light. A modern sofa and entertainment console create a comfortable and functional gathering area. Part of a 1,577 sq ft home with 3 bedrooms and 2 bathrooms, it provides a welcoming and open design.

Dining Room

The dining area is centered around a round table with upholstered chairs, positioned next to a large window for bright, natural light. Its location near the kitchen ensures convenience while maintaining a cozy, intimate atmosphere. Part of a 1,577 sq ft home with 3 bedrooms and 2 bathrooms, it integrates seamlessly into the efficient layout.

Kitchen

The kitchen boasts white shaker cabinets, quartz countertops, and a marble-tiled backsplash for a polished look. Stainless steel appliances and gold hardware complement the design, while wood flooring ties it to the rest of the home. Part of a 1,577 sq ft home with 3 bedrooms and 2 bathrooms, this kitchen offers both practicality and modern style.

Bedroom

The primary bedroom features dark wood floors, soft neutral tones, and two large windows for natural light and ventilation. A tufted bed frame with matching nightstands and contemporary decor create a relaxing retreat. Part of a 1,577 sq ft home with 3 bedrooms and 2 bathrooms, it blends modern elegance with everyday functionality.

Bathroom

This bathroom features a dual vanity with quartz countertops, modern gray cabinetry, and framed mirrors for a clean, elegant design. Bright lighting and a neutral color palette enhance the sense of space. Part of a 1,577 sq ft home with 3 bedrooms and 2 bathrooms, it offers practicality while maintaining a sleek, modern aesthetic.

Laundry Room

The laundry area includes a stacked washer and dryer alongside built-in shelving and cabinetry for efficient storage. A quartz countertop adds functionality, while the space is well-lit and neatly designed. Part of a 1,577 sq ft home with 3 bedrooms and 2 bathrooms, it ensures organization and convenience.

Patio

The patio offers a shaded pergola with comfortable seating on a concrete surface, perfect for outdoor relaxation. A nearby hot tub adds an element of luxury, and the space is framed by greenery for privacy. Part of a 1,577 sq ft home with 3 bedrooms and 2 bathrooms, it extends the living area into a versatile outdoor retreat.

Source: Adrian Lopez @ Berkshire Hathaway HomeServices California Properties via Coldwell Banker Realty

2. Palmer, AK – $999,995

I’d say you get the most modest home for nearly a million dollars in Palmer. This 3,760-square-foot home, built in 2021 on a 0.57-acre lot, features 5 bedrooms and 5 bathrooms. The main living area includes a chef’s kitchen with 10-foot-tall cabinetry, stainless steel appliances, double ovens, a six-burner gas cooktop, and a walk-through butler’s pantry with a beverage fridge. The upstairs owner’s suite includes coffered ceilings, a private deck with mountain views, a spa-style bathroom with a freestanding tub, heated bidet, oversized shower, and a walk-in closet. Additional features include a theater room with a 120-inch screen and sound-dampening panels, a covered composite deck, and a landscaped yard with automated sprinklers. The 1,560-square-foot garage accommodates up to six vehicles, including a 42-foot RV bay, and includes a 24K natural gas Generac generator, floor drains, and a 220V outlet.

Where is Palmer, Alaska?

Palmer, AK, 99645, is located in south-central Alaska, in the heart of the Matanuska-Susitna Valley. It lies approximately 42 miles northeast of Anchorage, connected by the Glenn Highway. Surrounded by the Chugach and Talkeetna Mountains, Palmer is known for its agricultural roots, scenic views, and proximity to outdoor attractions like the Matanuska Glacier and Hatcher Pass.

Foyer

The entryway features a modern glass-paneled front door, a sleek metal stair railing, and high ceilings with pendant lighting. Light wood flooring extends throughout, complementing the neutral walls. This 5-bedroom, 5-bathroom home spans 3,760 square feet.

Kitchen

This kitchen features an expansive island with a waterfall quartz countertop and sleek pendant lighting. Floor-to-ceiling cabinetry, stainless steel appliances, and a built-in range hood offer both style and functionality. Part of a 3,760 sq ft home with 5 bedrooms and 5 bathrooms, it emphasizes modern design and practicality.

Bedroom

This bedroom includes light wood flooring, neutral walls, and an overhead light fixture. The attached bathroom features a single vanity and a large mirror, with a walk-in closet located nearby. This 5-bedroom, 5-bathroom home spans 3,760 square feet.

Bathroom

This spacious bathroom includes a freestanding soaking tub, a dual vanity with quartz countertops, and a large mirror with built-in lighting. Frosted windows provide natural light and privacy, while the walk-in shower adds modern convenience. Part of a 3,760 sq ft home with 5 bedrooms and 5 bathrooms, it offers a sleek and functional design.

Walk-in Closet

The walk-in closet features built-in shelving, drawers and hanging rods for organized storage. Carpeted flooring and recessed lighting create a comfortable and functional space.

Home Theater

This home theater features a wall-mounted screen, a ceiling projector, and acoustic panels for an enhanced viewing experience. Recessed lighting and a ceiling fan provide comfort and ambiance, while large windows offer natural light when needed. Part of a 3,760 sq ft home with 5 bedrooms and 5 bathrooms, it combines entertainment and functionality.

Covered Deck

This covered deck features sliding glass doors that connect the indoor and outdoor spaces seamlessly. Durable composite decking overlooks expansive views of the surrounding landscape and mountains. Part of a 3,760 sq ft home with 5 bedrooms and 5 bathrooms, it offers a relaxing and functional outdoor area.

Source: Larry Ficek @ Better Homes And Gardens Real Estate Dream Makers via Coldwell Banker Realty

1. Eagle River, AK – $1,089,000

All this for $1,089,000 in Eagle River. This 5,575-square-foot home, built in 1998 on a 4.20-acre lot, includes 6 bedrooms and 8 bathrooms. The property features radiant heat for energy efficiency and offers income potential with 3 bedrooms, each with its own 3/4 bathroom, in a private section of the house suitable for a B&B. The upstairs includes 4 bedrooms and 3 bathrooms, while the main level has a half bathroom. The basement includes a large built-in shop, storage areas, and double walk-out doors. The home is located less than 10 minutes from Walmart and offers views of the Chugach Mountains and southern exposure.

Where is Eagle River, Alaska?

Eagle River, AK, 99577, is located in south-central Alaska, approximately 12 miles northeast of Anchorage along the Glenn Highway. It is nestled between the Chugach Mountains and the Eagle River Valley, offering a mix of suburban living and access to outdoor recreation. Its proximity to Chugach State Park makes it a central base for exploring hiking trails, wildlife viewing, and the scenic Eagle River itself.

Foyer

The entryway boasts a two-story ceiling and a carpeted staircase framed by crisp white railings. Hardwood flooring flows seamlessly through the hall, leading toward the main living spaces. This home offers 6 bedrooms, 8 bathrooms, and a total of 5,575 square feet.

Living Room

This living room, part of a 6-bed, 8-bath, 5,575 sq ft home, features a gas fireplace with a white mantel and a large window overlooking greenery. Neutral carpet and walls create a cozy, inviting atmosphere. The space is designed for comfortable seating and abundant natural light.

Dining Room

The dining room includes a large window that brings in natural light, flanked by two built-in display cabinets. A chandelier hangs above the wooden dining table, complementing the light hardwood floors. This home contains 6 bedrooms, 8 bathrooms, and spans 5,575 square feet.

Kitchen

This spacious kitchen, part of a 6-bed, 8-bath, 5,575 sq ft home, features an extended island with seating for six and ample counter space. Large windows provide views of the surrounding greenery and natural light. The wooden cabinetry complements the open layout, offering functionality and style.

Bedroom

The bedroom features a large window offering views of the outdoors and ample natural light. Soft carpeting covers the floor, complementing the neutral walls and ceiling fixture. This home includes 6 bedrooms, 8 bathrooms, and 5,575 square feet of living space.

Bathroom

The primary bathroom in this 6-bed, 8-bath, 5,575 sq ft home features a luxurious soaking tub framed by natural light from a large window. Dual vanities provide ample counter space and storage for convenience. A separate shower and private water closet complete the functional and spacious layout.

Source: Lorna N Cochran @ Keller Williams Realty Alaska Group via Coldwell Banker Realty