# 64316 Elizabeth Avenue, Ninilchik, AK 99639

> **TL;DR:** 4bd/3ba single family, $1,395,000 ($254/sqft), built 2005, 5,500 sqft.
> Waterfront, View, Hardwood, Basement. Est. $6,045/mo. Listed 581 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,395,000 |
| Price/sqft | $254 |
| Bedrooms | 4 |
| Bathrooms | 3 full |
| Square Feet | 5,500 |
| Year Built | 2005 |
| Lot Size | 260,053 sqft (5.97 acres) |
| Stories | 2 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 581 |

## Why This Home Stands Out

- **Waterfront** - Direct water access
- **Views** - Mountain, Ocean
- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,045 |
| **Total** | **$6,045** |

## Key Amenities

- Waterfront
- View
- Hardwood
- Basement

## Property Highlights

- Built in 2005
- 5.97 acre lot
- 2 stories
- Waterfront

## Description

### Agent Description
Alaska Oceanfront Property for Sale | Lodge, Restaurant & B&B Opportunity on the Kenai Peninsula    Rare opportunity to own a premier oceanfront property on Alaska's Kenai Peninsula, featuring a beautifully crafted 5,000 square foot lodge on 6 private coastal acres. Known as one of the finest properties in the region, The Great House Lodge at Chautauqua offers a unique blend of luxury residential living, hospitality income, and destination dining potential.    Located near the coastal community of Ninilchik, this exceptional property is currently operated as a private residence and part-time bed and breakfast with dining, creating an ideal opportunity for those seeking a turnkey Alaska lodge, restaurant, or hospitality business.    ️ Chef-Driven Restaurant & Culinary Opportunity  Designed for both living and entertaining, the property includes a full-service commercial kitchen and dining space, making it well-suited for a restaurant, private dining concept, or culinary retreat.    Currently operated by a world-renowned chef, the property reflects the quality and atmosphere associated with a true destination dining experience. Guests are able to enjoy thoughtfully prepared meals and extend their visit with overnight accommodations, creating a seamless blend of restaurant and lodging in one setting.    This is an ideal opportunity for:    Chefs seeking a more intentional, lifestyle-driven concept  Buyers searching for a restaurant for sale in Alaska  Hospitality operators looking to establish a unique dining destination  Entrepreneurs interested in a bed and breakfast with food service  The setting, scale, and layout naturally support a concept that appeals to travelers exploring the Kenai Peninsula and those seeking memorable dining experiences in Alaska.    Property Highlights  5,000 SF custom lodge-style residence  6 acres of private oceanfront land  Operating as a bed and breakfast with dining  Expansive coastal views and natural surroundings  Separate caretaker's cabin or rental unit  Artesian spring water source  Handcrafted wood interiors and custom finishes  Warm, inviting spaces ideal for guests and gatherings  Lifestyle + Income in One Property  This property offers the flexibility to live year-round in Alaska while generating income through multiple avenues:    Bed and breakfast accommodations  Dining and culinary experiences  Private events, retreats, or seasonal offerings  It's particularly well suited for those seeking a live/work property, combining personal lifestyle with a hospitality business in one of Alaska's most scenic coastal regions.    Kenai Peninsula - A Destination Market  The Kenai Peninsula is widely recognized as one of Alaska's most desirable destinations, known for its:    Dramatic coastline and natural beauty  World-class fishing and outdoor recreation  Strong seasonal tourism economy  Growing demand for unique lodging and dining experiences  Properties that combine oceanfront real estate with hospitality and restaurant potential are limited, making this a rare offering within the Alaska market.    Investment & Use Potential  This property is well positioned for buyers exploring:    Alaska oceanfront real estate  Kenai Peninsula property opportunities  Restaurant or hospitality concepts in Alaska  Bed and breakfast ownership  Lifestyle-driven business investments  1031 exchange opportunities  With its existing use and flexible layout, it supports both immediate enjoyment and long-term business potential.

## Location

- **Address:** 64316 Elizabeth Avenue, Ninilchik, AK 99639
- **Neighborhood:** Eagles Rest #3
- **Coordinates:** 60.098252, -151.607788
- **Google Maps:** https://www.google.com/maps?q=60.098252,-151.607788

## Listing Agent

- **Name:** Tom Lucas
- **Brokerage:** Mossy Oak Properties Alaska LLC
- **Phone:** 9073575100
- **Email:** Tom@mopalaska.com

## Primary Photo

![64316 Elizabeth Avenue - Primary Photo](http://lh.rdcpix.com/a8a8928bc55ee1dd0589e0650fd5585al-f652243026r.jpg)

*32 total photos available on [listing page](https://www.propertysimple.com/listing/64316-elizabeth-avenue-ninilchik-ak-99639-11358428)*

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**MLS#:** 11358428 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/64316-elizabeth-avenue-ninilchik-ak-99639-11358428)

---

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