Cheap homes for sale & real estate in Kenai Peninsula Borough, AK

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ABOUT THIS HOME
Cheap Home for sale in Kenai Peninsula Borough, AK:
Homestead Opportunity! 31.56 Acres of Alaska's Wilderness! Own a stunning piece of Alaska's pristine backcountry while still being conveniently close to Homer. This expansive property borders Alaska DNR land and offers direct access to the Anchor River - a fishing destination known for its beauty and abundance. Spend your days hiking down from your property to cast a line or simply enjoy the peace and quiet of your private escape. An original homestead cabin and garage/shed provide great storage or a starting point for your future build. With electric infrastructure already in place, this property can be the beginning of your Alaskan adventures, whether you're dreaming of a remote homest

$225,000

1 bed1 bath633 sq ft

69783 Tipton Ave, Anchor Point, AK 99556

31.56 acres • Garage shed • 31.56 acre lot

ABOUT THIS HOME
Cheap Home for sale in Kenai Peninsula Borough, AK:
New Price! Perfectly situated on a spacious 0.34 acre corner lot in a quiet Kenai neighborhood. Enjoy modern updates throughout, including new carpeting in the bedrooms, newer flooring in the living room, and plenty of natural light that fills the open living spaces. The well-designed kitchen offers a large pantry and flows easily into the main living area. Step outside to your own private retreat. The backyard backs up to a wooded area, offering privacy and potential. Two separate fenced areas provide flexibility for pets or gardening, while the shed, raised garden beds, and fire pit area make outdoor living both functional and enjoyable. A paved driveway and a very spacious yard complete

$295,500

3 beds2 baths1,066 sq ft

1026 Second St, Kenai, AK 99611

Raised garden beds • Fenced areas • Large pantry

$149,250

1 bed1 bath400 sq ft

52149 Christie Ave, Nikiski, AK 99611

7,405 sq ft lot • Built 2024 • Listed 54 days

ABOUT THIS HOME
Cheap Home for sale in Kenai Peninsula Borough, AK:
If a picture says a thousand words, then a house can say ten thousand more. This story is all about a SINGLE LEVEL LIVING in a CUSTOM CRAFTSMAN home! The legend that's known as the Halibut Fishing Capital of the world, Hamlet by the Sea, and Shangri-La - all titles that this little town of less than 10,000 people holds dear. Every summer, thousands of people flock to Homer - they come in on busses, cruise ships, RV's, and other vectors - all in pursuit of the aspects that this "Hamlet by the Sea" holds. This home is set against the iconic backdrop of Kachemak Bay and has views of it! Kachemak Bay, which I affectionately call "K Bay" is a body of water that connects to t

$425,000

2 beds2 baths1,220 sq ft

3761 Forest Glen Dr, Homer, AK 99603

Spacious lot • High end appliances • En-suite detail

ABOUT THIS HOME
Cheap Home for sale in Kenai Peninsula Borough, AK:
This charming ranch home with handicap-accessible features has 2 nicely sized bedrooms & 1 full bath with extras. Inside, you'll find a welcoming layout with gorgeous kitchen cabinets that add warmth and style to the heart of the home. A large garage with a 10-foot-tall door provides plenty of room for vehicles and storage. The property also includes a shed for additional storage, along with an asphalt driveway for convenience. Situated on 1.02 acres, this home offers the perfect balance of space to spread out while still being easy to maintain.

$305,000

2 beds1 bath1,036 sq ft

51130 Crestview Ave, Nikiski, AK 99635

Asphalt driveway • Large garage • 1.02 acres

Property at 44530 Lumberjack Ln, Soldotna, AK 99669, 4 beds, 2 baths

$399,900

4 beds2 baths1,432 sq ft

44530 Lumberjack Ln, Soldotna, AK 99669

Property at 19070 Toklat Rd, Kasilof, AK 99610, 2 beds, 1 bath

$325,000

2 beds1 bath944 sq ft

19070 Toklat Rd, Kasilof, AK 99610

Property at 32693 Caines Head Rd, Seward, AK 99664, 4 beds, 3 baths

$399,000

4 beds3 baths2,301 sq ft

32693 Caines Head Rd, Seward, AK 99664

Property at 1209 Third Ave, Kenai, AK 99611, 4 beds, 2.5 baths

$429,000

4 beds2.5 baths2,240 sq ft

1209 Third Ave, Kenai, AK 99611

Property at 54735 Kuskokwim Ave, Nikiski, AK 99635, 3 beds, 2.5 baths

$450,000

3 beds2.5 baths2,653 sq ft

54735 Kuskokwim Ave, Nikiski, AK 99635

Property at 35160 Cherokee Ln, Sterling, AK 99672, 2 beds, 1 bath

$242,000

2 beds1 bath1,080 sq ft

35160 Cherokee Ln, Sterling, AK 99672

Property at 40351 Brenmark Rd, Homer, AK 99603, 3 beds, 2 baths

$449,000

3 beds2 baths2,176 sq ft

40351 Brenmark Rd, Homer, AK 99603

Property at 38400 Robinson Loop Rd, Sterling, AK 99672, 4 beds, 2 baths

$409,000

4 beds2 baths2,376 sq ft

38400 Robinson Loop Rd, Sterling, AK 99672

Property at 35870 Glory St, Soldotna, AK 99669, 2 beds, 1.5 baths

$299,000

2 beds1.5 baths710 sq ft

35870 Glory St, Soldotna, AK 99669

Property at 000 Milky Way, Nikiski/north Kenai, AK 99611, 1 bed, 1 bath

$179,000

1 bed1 bath355 sq ft

000 Milky Way, Nikiski/north Kenai, AK 99611

Property at 50465 Newberry Ave, Nikiski, AK 99611, 3 beds, 1 bath

$125,000

3 beds1 bath672 sq ft

50465 Newberry Ave, Nikiski, AK 99611

Property at 34395 Needles Ave, Soldotna, AK 99669, 1 bath

$135,000

0 beds1 bath485 sq ft

34395 Needles Ave, Soldotna, AK 99669

Property at 000 No Real Property, Kenai, AK 99672, 1 bed, 1 bath

$89,000

1 bed1 bath473 sq ft

000 No Real Property, Kenai, AK 99672

Property at 35715 Kalifornsky Beach Rd, Kenai, AK 99611, 1 bed, 1 bath

$269,000

1 bed1 bath440 sq ft

35715 Kalifornsky Beach Rd, Kenai, AK 99611

Property at 11949 Sterling Hwy, Ninilchik, AK 99639, 1 bed

$290,000

1 bed— baths352 sq ft

11949 Sterling Hwy, Ninilchik, AK 99639

Property at 101 Birch St, Kenai, AK 99611, 3 beds, 2 baths

$379,000

3 beds2 baths1,209 sq ft

101 Birch St, Kenai, AK 99611

Property at 306 Koa Cir, Kenai, AK 99611, 3 beds, 2 baths

$389,500

3 beds2 baths1,260 sq ft

306 Koa Cir, Kenai, AK 99611

Property at 2158 Aspen Ln, Homer, AK 99603, 2 beds, 1.5 baths

$348,000

2 beds1.5 baths1,238 sq ft

2158 Aspen Ln, Homer, AK 99603

Property at 57739 Seldovia Bay Lease, Seldovia, AK 99663, 3 beds, 1 bath

$450,000

3 beds1 bath1,399 sq ft

57739 Seldovia Bay Lease, Seldovia, AK 99663

Property at 64820 Nikolaevsk Rd, Nikolaevsk, AK 99556, 1 bed, 1 bath

$275,000

1 bed1 bath880 sq ft

64820 Nikolaevsk Rd, Nikolaevsk, AK 99556

Property at 1701 Phoenix Rd, Seward, AK 99664, 2 beds, 3 baths

$380,000

2 beds3 baths1,248 sq ft

1701 Phoenix Rd, Seward, AK 99664

Property at 50585 Newberry Ave, Nikiski, AK 99611, 2 beds, 2 baths

$249,000

2 beds2 baths1,433 sq ft

50585 Newberry Ave, Nikiski, AK 99611

Property at 34416 Developer Cir, Soldotna, AK 99669, 3 beds, 2 baths

$439,000

3 beds2 baths1,502 sq ft

34416 Developer Cir, Soldotna, AK 99669

Property at 39047 Sayer Rd, Anchor Point, AK 99556, 1 bed, 1 bath

$229,000

1 bed1 bath500 sq ft

39047 Sayer Rd, Anchor Point, AK 99556

Property at 335 Alder St, Seldovia, AK 99663, 3 beds, 2 baths

$315,000

3 beds2 baths2,478 sq ft

335 Alder St, Seldovia, AK 99663

Property at 73340 School Ave, Anchor Point, AK 99556, 2 beds, 1 bath

$269,000

2 beds1 bath1,556 sq ft

73340 School Ave, Anchor Point, AK 99556

Property at 73549 Breakaway Rd, Anchor Point, AK 99556, 2 beds, 1 bath

$105,000

2 beds1 bath768 sq ft

73549 Breakaway Rd, Anchor Point, AK 99556

Property at 41350 Old Sterling Hwy, Anchor Point, AK 99556, 2 beds, 1 bath

$330,000

2 beds1 bath1,008 sq ft

41350 Old Sterling Hwy, Anchor Point, AK 99556

Property at 41330 Old Sterling Hwy, Anchor Point, AK 99556, 2 beds, 1 bath

$330,000

2 beds1 bath1,008 sq ft

41330 Old Sterling Hwy, Anchor Point, AK 99556

Property at 38951 Otter Trail Rd, Sterling, AK 99672

$115,000

0 beds— baths448 sq ft

38951 Otter Trail Rd, Sterling, AK 99672

Property at 44546 Opal St, Kenai, AK 99611, 1 bed

$92,000

1 bed— baths768 sq ft

44546 Opal St, Kenai, AK 99611

Property at 73528 Breakaway Rd, Anchor Point, AK 99556, 1 bed, 1 bath

$58,000

1 bed1 bath200 sq ft

73528 Breakaway Rd, Anchor Point, AK 99556

Property at 40935 Belnap Dr, Homer, AK 99603, 3 beds, 2 baths

$415,000

3 beds2 baths1,560 sq ft

40935 Belnap Dr, Homer, AK 99603

Property at 52470 Clinton Ave, Kasilof, AK 99610, 2 beds, 1 bath

$325,000

2 beds1 bath936 sq ft

52470 Clinton Ave, Kasilof, AK 99610

Property at 240 Eisenhower Ln, Kenai, AK 99611, 3 beds, 2 baths

$425,000

3 beds2 baths1,728 sq ft

240 Eisenhower Ln, Kenai, AK 99611

Property at 48526 Morrison Dr, Homer, AK 99603, 1 bed

$275,000

1 bed— baths384 sq ft

48526 Morrison Dr, Homer, AK 99603

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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. (AKMLS). Real estate listings held by brokerage firms other than Redfin are marked with either the listing brokerage's logo or the AKMLS 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. Redfin does not display the entire AKMLS IDX Listing Content Database on this web site. The listings of some real estate brokerages have been excluded. Copyright 2025 Alaska Multiple Listing Service Inc.

Cheap Homes for Sale in Kenai Peninsula Borough

There are currently 605 cheap homes for sale in Kenai Peninsula Borough at a median listing price of $430K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Kenai Peninsula Borough stay on the market for 99 days. This map is refreshed with the newest listings in Kenai Peninsula Borough every 15 minutes.

In the past month, 70 homes have been sold in Kenai Peninsula Borough. In addition to houses in Kenai Peninsula Borough, there were also 5 condos, 0 townhouses, and 14 multi-family units for sale in Kenai Peninsula Borough last month. Find your dream home in Kenai Peninsula Borough using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Kenai Peninsula Borough are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Kenai Peninsula Borough. If you're looking to sell your home in the Kenai Peninsula Borough area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Kenai Peninsula Borough with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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