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Set in the heart of Halibut Cove, this extraordinary lodge retreat offers a rare opportunity to own a premier waterfront destination on the coveted ''Halibut Community'' island. Spanning approximately 4.37 acres of pristine shoreline, this remarkable property features over 5,000 square feet of beautifully crafted timber-frame construction, thoughtfully designed to capture sweeping 180-degree views of Halibut Cove from nearly every angle. Originally envisioned as a restaurant with a commercial kitchen and hospitality retreat, the property is ideally suited for a boutique lodge, culinary destination, or private coastal estate. The main structure accommodates an indoor/outdoor dining capacity of up to 70 guests, creating an unforgettable setting for gatherings, events, or business ventures in one of Alaska's most picturesque locations. The property includes 8 bedrooms and 6 bathrooms in total with four separate guest cabins--perfect for hosting visitors or generating income. Expansive grounds offer ample room for future development or additional cabins, enhancing the already impressive footprint. Positioned along the community road on the main island, the property features a private dock for convenient boat access and is just a short walk to the iconic The Saltry Restaurant, local art galleries, and the vibrant charm that defines Halibut Cove living. This is more than a property--it's a destination. A rare blend of natural beauty, craftsmanship, and commercial potential, ready for its next visionary owner.
Property Type(s):
Single Family
| Last Updated | 4/28/2026 | Year Built | 2000 |
|---|---|---|---|
| Community | 1B - Kenai Peninsula Borough | County | Kenai Peninsula Borough |
SCHOOLS
| Elementary School | Remote - No School |
|---|---|
| Jr. High School | Remote - No School |
| High School | Remote - No School |
Additional Details
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Microwave, Refrigerator |
| AREA | 1B - Kenai Peninsula Borough |
| CONSTRUCTION | Frame, Wood Siding |
| HEAT | Oil, Propane, Radiant |
| INTERIOR | Breakfast Bar, Ceiling Fan(s), Vaulted Ceiling(s) |
| LOT | 4.37 acre(s) |
| LOT DESCRIPTION | Rolling Slope, Waterfront |
| LOT DIMENSIONS | 190357.2 |
| PARKING | None |
| STYLE | Split Level |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay, Mountain(s) |
| WATER | Spring |
| WATER ACCESS | Halibut Cove |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Bay/Harbor |
Listing Office: Berkshire Hathaway HomeServices Alaska Realty
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Petersburg Properties LLC are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage
All information is deemed reliable but is not guaranteed and should be independently verified for accuracy.
Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved
This IDX solution is (c) Diverse Solutions 2026.
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