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:
Motivated Sellers! Bring those offers over! Your Private Piece of Homer Awaits! Here's your chance to own a stunning 4.78-acre lot just minutes from town—offering the perfect balance of convenience and seclusion. Tucked away in a quiet subdivision, this property is a rare gem with tons of privacy, yet easily accessible year-round. Electric onsite. no need to start from scratch. Easy road access for smooth commutes and deliveries. Room to roam, relax, and enjoy the land on your terms. Whether you're ready to break ground now or planning for the future, this lot gives you the space, serenity, and setting to create something truly special. Located just outside Homer the gateway to Alaska

$119,000

— beds— baths— sq ft

55654 Barn Rd, Fritz Creek, AK 99603

Tons of privacy • Electric on site • Quiet subdivision

ABOUT THIS HOME
Cheap Home for sale in Kenai Peninsula Borough, AK:
Discover the potential of this pristine 2.26-acre parcel perfectly situated at the corner of Glenn Road and East End Road. Nestled midway between Homer and McNeil Canyon, this property offers the ideal blend of convenience and tranquility. Enjoy easy access to town amenities, schools, and shopping while being just minutes from the outdoor recreation and solitude that make Alaska living amazing! The gently sloping terrain provides several great building sites surrounded by breathtaking natural beauty. Whether you're planning your dream home, a getaway cabin, or an investment property, this spacious lot offers endless opportunity. Power is nearby, and road access makes for easy year-round liv

$115,000

— beds— baths— sq ft

56420 Glenn Rd, Fritz Creek, AK 99603

2.26 acre parcel • Road access • Power is nearby

ABOUT THIS HOME
Cheap Home for sale in Kenai Peninsula Borough, AK:
15.76 acres in North Kenai! Former gravel pit, now naturally reclaimed with a small pond. Just 10 minutes from Kenai. Natural gas and electric adjacent to lot. A perfect private homesite, hobby farm, or recreational retreat with room to create your dream property. Privacy and convenience all in one!

$175,000

— beds— baths— sq ft

52412 Treasure Chest Ave, Kenai, AK 99611

Private homesite • Hobby farm • Recreational retreat

ABOUT THIS HOME
Cheap Home for sale in Kenai Peninsula Borough, AK:
Build your home or Hangar in Nikiski's premier Air Park. Located in Salamatof Air Park with access to 2500' airstrip and the float plane dock on Salamatof Lake. Approx. 20 minute flight from Anchorage. HOA maintained air strip, Borough maintained roads.

$98,500

— beds— baths— sq ft

Lot C1A Citabria St, Nikiski/north Kenai, AK 99635

Salamatof lake • Float plane dock • 2500 airstrip

ABOUT THIS HOME
Cheap Home for sale in Kenai Peninsula Borough, AK:
Imagine the Dream Home You Could Build Here! This breathtaking 5.71-acre property offers unobstructed, panoramic views of Stariski Creek, the Cook Inlet, and majestic volcanoes on the horizon. With no CCRs (Covenants, Conditions, or Restrictions), your possibilities are wide open—build your dream home, a vacation getaway, or even a rental. The property features a well-vegetated bluff, providing natural beauty and privacy in a truly serene setting. Don't miss this rare opportunity to own a slice of Alaskan paradise! No income derived from cell tower.

$200,000

— beds— baths— sq ft

26935 Sterling Hwy, Anchor Point, AK 99556

Majestic volcanoes • Cook inlet • 5.71-acre property

Property at 37585 Reminisce Ct, Sterling, AK 99672

$65,000

— beds— baths— sq ft

37585 Reminisce Ct, Sterling, AK 99672

Property at L32 Red Fox Ln, Kasilof, AK 99610

$245,000

— beds— baths— sq ft

L32 Red Fox Ln, Kasilof, AK 99610

Property at L5A-3 Maximilian Dr, Bear Creek, AK 99664

$100,000

— beds— baths— sq ft

L5A-3 Maximilian Dr, Bear Creek, AK 99664

Property at 37403 Golden Rod Loop, Kenai, AK 99635

$36,000

— beds— baths— sq ft

37403 Golden Rod Loop, Kenai, AK 99635

Property at 36075 Flinstone St, Anchor Point, AK 99556

$21,500

— beds— baths— sq ft

36075 Flinstone St, Anchor Point, AK 99556

Property at Lot C5A Citabria St, Nikiski/north Kenai, AK 99635

$98,500

— beds— baths— sq ft

Lot C5A Citabria St, Nikiski/north Kenai, AK 99635

Property at 54490 Christofferson Ave, Ninilchik, AK 99639

$63,900

— beds— baths— sq ft

54490 Christofferson Ave, Ninilchik, AK 99639

Property at 47599 Lacross Ln, Soldotna, AK 99669

$45,000

— beds— baths— sq ft

47599 Lacross Ln, Soldotna, AK 99669

Property at 57800 W Taku Ave, Homer, AK 99603

$249,900

— beds— baths— sq ft

57800 W Taku Ave, Homer, AK 99603

Property at L11B Anchor River Ranchos, Anchor Point, AK 99556

$21,500

— beds— baths— sq ft

L11B Anchor River Ranchos, Anchor Point, AK 99556

Property at L10A Carnation Ct, Funny River, AK 99669

$285,000

— beds— baths— sq ft

L10A Carnation Ct, Funny River, AK 99669

Property at Lot 6 Dahlia Cir, Soldotna, AK 99669

$175,000

— beds— baths— sq ft

Lot 6 Dahlia Cir, Soldotna, AK 99669

Property at 40285 Sterling Hwy, Homer, AK 99603

$139,000

— beds— baths— sq ft

40285 Sterling Hwy, Homer, AK 99603

Property at 000 Kharacter Pl, Anchor Point, AK 99556

$65,000

— beds— baths— sq ft

000 Kharacter Pl, Anchor Point, AK 99556

Property at 391 Turnbuckle Terrace Rd, Soldotna, AK 99669

$100,000

— beds— baths— sq ft

391 Turnbuckle Terrace Rd, Soldotna, AK 99669

Property at L1 Shoreline Dr, Seldovia, AK 99663

$95,000

— beds— baths— sq ft

L1 Shoreline Dr, Seldovia, AK 99663

Property at 51402 Equestrian Ave, Kenai, AK 99611

$150,000

— beds— baths— sq ft

51402 Equestrian Ave, Kenai, AK 99611

Property at L1 Kasilof River Rd, Kasilof, AK 99610

$400,000

— beds— baths— sq ft

L1 Kasilof River Rd, Kasilof, AK 99610

Property at 34191 Chapman St, Anchor Point, AK 99556

$64,000

— beds— baths— sq ft

34191 Chapman St, Anchor Point, AK 99556

Property at 000 Wild Cotton, Anchor Point, AK 99556

$25,000

— beds— baths— sq ft

000 Wild Cotton, Anchor Point, AK 99556

Property at 14 Lots Hard Rock St, Anchor Point, AK 99556

$129,000

— beds— baths— sq ft

14 Lots Hard Rock St, Anchor Point, AK 99556

Property at 4410 E Hill Rd, Homer, AK 99603

$134,000

— beds— baths— sq ft

4410 E Hill Rd, Homer, AK 99603

Property at 45472 Lentfer Ave, Kenai, AK 99611

$299,000

— beds— baths— sq ft

45472 Lentfer Ave, Kenai, AK 99611

Property at 4825 Diamond Creek Pl, Homer, AK 99603

$92,000

— beds— baths— sq ft

4825 Diamond Creek Pl, Homer, AK 99603

Property at 68330 Creekwoods Ave, Ninilchik, AK 99639

$115,000

— beds— baths— sq ft

68330 Creekwoods Ave, Ninilchik, AK 99639

Property at 000 Moose Pt, Kenai, AK 99611

$65,000

— beds— baths— sq ft

000 Moose Pt, Kenai, AK 99611

Property at L4 Kalifornsky Beach Rd, Kenai, AK 99669

$178,000

— beds— baths— sq ft

L4 Kalifornsky Beach Rd, Kenai, AK 99669

Property at 1620 Phoenix Rd, Seward, AK 99664

$120,000

— beds— baths— sq ft

1620 Phoenix Rd, Seward, AK 99664

Property at 000 Daniels Lk, Nikiski/north Kenai, AK 99635

$99,500

— beds— baths— sq ft

000 Daniels Lk, Nikiski/north Kenai, AK 99635

Property at 36484 Wild Haven Rd, Homer, AK 99603

$149,000

— beds— baths— sq ft

36484 Wild Haven Rd, Homer, AK 99603

Property at 74057 Anchor Point Rd, Anchor Point, AK 99556

$299,000

— beds— baths— sq ft

74057 Anchor Point Rd, Anchor Point, AK 99556

Property at 62143 Dandelion Ct, Kenai, AK 99635

$75,000

— beds— baths— sq ft

62143 Dandelion Ct, Kenai, AK 99635

Property at 47633 Lacross Ln, Soldotna, AK 99669

$72,000

— beds— baths— sq ft

47633 Lacross Ln, Soldotna, AK 99669

Property at 35826 Agriculture St, Kenai, AK 99611

$20,000

— beds— baths— sq ft

35826 Agriculture St, Kenai, AK 99611

Property at L3 B4 Blockade Glacier Rd, Nikiski, AK 99635

$55,000

— beds— baths— sq ft

L3 B4 Blockade Glacier Rd, Nikiski, AK 99635

Property at 66307 Lothrop Pk Dr, Ninilchik, AK 99639

$29,900

— beds— baths— sq ft

66307 Lothrop Pk Dr, Ninilchik, AK 99639

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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 604 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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