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.
For sale by owner
$998,500
2565 Watergate Way, Kenai, AK 99611
3beds
2,080sqft
SingleFamily
Built in 2000
0.92 Acres Lot
$-- Zestimate®
$480/sqft
$-- HOA
What's special
Gulls diving for hooliganLaundry roomThree bedrooms
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
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
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Listed for sale | $998,500+44.9%$480/sqft |
Source: Owner Report a problem | ||
| 7/16/2018 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 6/13/2018 | Pending sale | $689,000$331/sqft |
Source: Redoubt Realty #18-3551 Report a problem | ||
| 3/10/2018 | Listed for sale | $689,000-1.5%$331/sqft |
Source: Redoubt Realty #18-3551 Report a problem | ||
| 1/4/2018 | Listing removed | $699,500$336/sqft |
Source: CENTURY 21 Realty Solutions #17-11071 Report a problem | ||
| 7/3/2017 | Listed for sale | $699,500$336/sqft |
Source: Century 21 Realty Solutions Freedom Realty #17-11071 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $321,800 |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 10/10Aurora Borealis Charter SchoolGrades: K-8Distance: 2.2 mi
- 6/10Kenai Middle SchoolGrades: 6-8Distance: 3.1 mi
- 6/10Kenai Central High SchoolGrades: 9-12Distance: 3 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Alaska
- Kenai Peninsula Borough
- Kenai
- 99611
- 2565 Watergate Way





