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Off market
  • Zillow Home logoZestimate®
    $941,600

    2565 Watergate Way, Kenai, AK 99611

    3beds
    2,080sqft
    SingleFamily
    Built in 2000
    0.92 Acres Lot
    $941,600 Zestimate®
    $453/sqft
    $2,898 Estimated rent

    Home value

    $941,600

    $895,000 - $989,000

    $2,898/mo

    Zestimate® history
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    What's special

    On the Kenai River overlooking the Kenai Flats and the Kenai River Special Management Area with no homes on the opposite riverbank! The private river frontage is within the Personal Use Dip Net Area. An electric lift delivers you and your salmon catch from the riverbank to the lawn. Imagine catching salmon at home! Moose and caribou frequent the .92- acre property while bald eagles perch in its trees. The Kenai Flats hosts thousands of waterfowl during their migrations. Watch beluga whales and harbor seals as they share the bounty of this amazing river and gulls diving for hooligan. This unique opportunity is less than 4 river miles above the mouth of the Kenai River allowing tides to create an ever-changing experience year-round. The sandy shores of the Cook Inlet and spectacular views of the Aleutian Range including Mount Iliamna, Mount Redoubt and Mount Spur are within walking distance. More than 2,000 square feet are included in three bedrooms, two full baths, an office, laundry room, living, dining and kitchen areas all with abundant natural light. The open living and dining area share a gas fireplace with thermostat and fan. The master suite offers a walk-in wardrobe, a private water closet and a two- person jetted Jacuzzi Tub. A covered front porch welcomes guests while a "Trex" deck overlooking the river, the Flats and the Kenai Mountains accommodate gatherings and quiet morning sunrises. A natural gas boiler produces hot water for household needs, and the zoned radiant floor heating system keeps the house and garage warm in the cooler months. The kitchen range and clothes dryer use natural gas also. The kitchen includes custom quartz countertops, stainless steel appliances, instant hot water dispenser and custom cabinets with pull-outs and a built- in microwave oven. A heat recovery ventilator keeps the home's interior dry and healthy. The attached, heated garage includes nearly 2,400 square feet (roughly 40 feet wide by 60 feet deep) a 3/4 bath, deep sink, water conditioner and boiler. A 14-foot high by 14-foot-wide overhead door will accommodate boasts and RVs while 3 8 foot high by 9-foot-wide overhead doors provide access for autos, implements and toys. All overhead doors have openers and are insulated. The floor includes two drains. Three banks of LED ceiling lights, switched separately, provide lighting options. Steel "gorilla" shelving attached to the north wall, a 16-foot-long workbench on the south wall and room for freezers and refrigerators completes the package. Quality construction includes double paned Low E Argon windows. The roof trusses are engineered to withstand 70 pounds per square foot and 100 mile per hour wind. The blown-in insulation above the house ceiling is rated at R54 and the blanket insulation above the garage has a R42 rating. The crawl space has lights, is approximately 57 inches high and the insulation is rated R19. The exterior walls are insulated with core bond insulation rated R21-R26. The electrical panel includes a transfer switch used with a portable 7,000-watt Generac generator to power the home during outages. An 8 by 11- foot garden shed stores mowers, blowers and flammables a safe distance from the house. The property includes a private well, septic system and black top driveway leading to a paved Watergate Way.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 3/4 bathrooms: 1
    Heating
    • Radiant, Gas
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Laminate
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,080 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Garage - Attached
    Features
    • Exterior features: Vinyl
    • Has view: Yes
    • View description: Territorial, Water, Mountain
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 0.92 Acres
    Details
    • Parcel number: 04943012
    • Zoning: RR - Rural Residential

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 2000

    Community & HOA

    Location
    • Region: Kenai

    Financial & listing details

    • Price per square foot: $453/sqft
    • Tax assessed value: $722,700
    • Annual tax amount: $3,930

    Price history

    DateEventPrice
    9/30/2026Listing removed$979,000$471/sqft
    Source: AKMLS #26-9201 Report a problem
    8/1/2026Listed for sale$979,000-2%$471/sqft
    Source: AKMLS #26-9201 Report a problem
    7/16/2026Listing removed--
    Source: Owner Report a problem
    6/25/2026Listed for sale$998,500+44.9%$480/sqft
    Source: Owner Report a problem
    7/16/2018Sold--
    Source: Agent Provided Report a problem
    6/13/2018Pending sale$689,000$331/sqft
    Source: Redoubt Realty #18-3551 Report a problem
    3/10/2018Listed for sale$689,000-1.5%$331/sqft
    Source: Redoubt Realty #18-3551 Report a problem
    1/4/2018Listing removed$699,500$336/sqft
    Source: CENTURY 21 Realty Solutions #17-11071 Report a problem
    7/3/2017Listed for sale$699,500$336/sqft
    Source: Century 21 Realty Solutions Freedom Realty #17-11071 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,930 +3.8%$722,700 +5.2%
    2024$3,786 +9.8%$686,700 +6%
    2023$3,447 -0.3%$647,600 +0.9%
    2022$3,456 -1.7%$641,900
    2021$3,515 -1.4%$641,900 -0.8%
    2020$3,564 $647,400 -9.3%
    2019$3,564 -44.9%$713,700 -10.9%
    2018$6,466 +30.4%$801,400 +10.8%
    2017$4,960 +77.5%$723,100 +12.2%
    2016$2,795 $644,400 +45.3%
    2015$2,795 $443,500 -2.7%
    2014$2,795 $456,000 -20.9%
    2013-- $576,800 +1.9%
    2012-- $566,100 -1.7%
    2011-- $575,700 -3.5%
    2010-- $596,300 -3.2%
    2009-- $615,800 -1.6%
    2008-- $625,700 +24.5%
    2007-- $502,400 +33.7%
    2006-- $375,900 +16.8%
    2005-- $321,800
    2004-- --
    2003-- --
    2002-- --
    2001-- --
    Find assessor info on the county website

    Neighborhood: 99611

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Mt. View
    • Middle: Kenai
    • High: Kenai Central

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
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    $941,600
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    With Zillow Showcase(estimated)
    $960,432
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $941,600
    2% more
    +$18,832
    With Zillow Showcase(estimated)
    $960,432