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For sale by owner
  • $998,500

    2565 Watergate Way, Kenai, AK 99611

    3beds
    2,080sqft
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    SingleFamily
    Built in 2000
    0.92 Acres Lot
    $-- Zestimate®
    $480/sqft
    $-- HOA

    What's special

    Gulls diving for hooliganLaundry roomThree bedrooms
    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.
    What the owner loves about this home
    Beautiful views that change daily. Comfortable quality home.
    12 days
    |
    540
    |
    30
    |
    Listed by:

    Property Owner (541) 408-6944

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      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
      • New construction: No
      • Year built: 2000

      Community & HOA

      Location
      • Region: Kenai

      Financial & listing details

      • Price per square foot: $480/sqft
      • Tax assessed value: $722,700
      • Annual tax amount: $3,930
      • Date on market: 6/25/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,803/mo

        Price history

        DateEventPrice
        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

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 99611

        Getting around

        7 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        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.

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