OWNER FINANCING WITH JUST 5% DOWN PAYMENT
Oceanview @ $359K (reduced 20K) Now For Sale By Owner! Investment or Owner Occupied Property in Kenai, Alaska
Discover a promising investment at 44895 Tide Place, Kenai, AK 99611. This property offers dual rental income with RV hook-up. OWNER FINANCING WITH JUST 5% DOWN PAYMENT
Owner Financing Options:
Closing handled through a licensed Alaska escrow company. You’ll take full legal ownership of the property at closing.
-
Option 1: 30-Year Owner Finance
Down Payments: Starting at just 5% ($17,950)
-
Interest Rates: Range from 7.5% to 9.5%, depending on credit
-
Monthly Payments: Vary based on credit tier and down payment
-
Option 2: 20-Year Owner Finance (Includes 0.5% Interest Discount)
-
Lower interest rates and less interest paid over time
-
Same ownership structure as above—property is deeded in your name at closing
FAQ
Who owns the Tide House?
My name is Sarah, and I co-own the Tide House with my husband Jason. We own it through our Arizona-based company, VID GROUP LLC. We're snowbirds—spending our winters in Arizona and our summers in Alaska. Our primary home in Alaska is just two miles from the Tide House.
What kind of property is it?
Lot Size: 1.92 acres
Year Built: 1971
Home Size: Two stories
Layout:
Upstairs: 2 bedrooms, 1 full bath
Downstairs: 1 bedroom, 1 bath, a bonus room, and laundry room
Foundation: Block
Construction Type: Wood Frame
Roof Type: Shingle
Utilities:
Private well and septic
On natural gas
New boiler system
RV hookup on-site
Why did you buy and remodel this property?
Like many of you, we’ve been inspired by home renovation shows and thought this would be a fun project or flip. We purchased the property as a foreclosure in August 2023—it was rough, but the bones were solid. What we thought would be a fun adventure turned into two years of unexpected challenges, including delays with contractors, a full roof replacement, plumbing fixes, cabinet fabrication, and a complete overhaul. It’s been a labor of love (with some tears), but the house is now fully remodeled.
What updates have been made to the home?
Everything was touched:
New carpet and Costco vinyl floors
Remodeled master bathroom
New paint inside and out
New lower cabinets in the kitchen and master bathroom (we kept the upper cabinets for a retro-meets-modern vibe)
Redesigned deck—expanded for better Cook Inlet views (it used to be wheelchair-accessible)
New driveway
New fixtures and appliances
Brand new boiler system
Do you have a home inspection report?
No. We've never had a formal inspection done. Any inspection would need to be arranged by the buyer.
Is the home on city utilities?
No, it has its own well and septic system, and it's hooked up to natural gas (ENSTAR), Homer Electric is Power Company.
Has the property ever been rented or used as an Airbnb?
No. We considered Airbnb but decided against it—we already run two businesses and travel often, so we prefer passive income. That’s why we’re offering owner financing at 7% interest, which works just as well for us as investing through a bank.
What about bluff erosion?
We’ve had a lot of questions about this. The property sits well back from the bluff. According to the borough, average erosion is around 2 feet per year. That was not a concern for us when we bought it, and it's still not one. We encourage buyers to do their own due diligence, but in our opinion, this home isn’t falling into the ocean any time soon.
Here is a link to the FEMA Website with details on the bluff:
How much are the annual property taxes?
As of 2024, the annual taxes are $1,925.78.
What about insurance?
We currently have the home insured with Foremost Insurance for $1,600/year for short-term or vacation use. If the property becomes owner-occupied, it may be even less. State Farm has indicated they would insure it as well, but not if it's left unoccupied.
Why are you selling? Are you in a hurry?
We are not in a rush to sell and we're not desperate. We simply finished the project and are ready to pass it on to someone who will enjoy it.
Reach Out Today
SARAH HOPE
602-300-2620
About Kenai Alaska
This stunning oceanfront property, located at 44895 Tide Place, offers incredible investment potential with dual-unit short-term rental configurations. The property boasts panoramic views of Redoubt Volcano and the pristine waters of Cook Inlet, providing guests with an unforgettable Alaskan experience.
Situated just minutes from world-class salmon fishing, outdoor adventures, and key Alaskan destinations such as Seward and Homer, this property is a dream for both investors and vacationers alike.
Key Features:
Ocean Views from Every Level: Whether you’re on the top floor or the basement unit, both spaces offer unobstructed views of Cook Inlet and Redoubt Volcano, giving guests a breathtaking Alaskan backdrop.
Two Separate Rental Units:
Top Floor (2/1) – With two bedrooms and one bathroom, the top-floor unit accommodates up to 6 guests. Spacious living areas and a full kitchen make this the perfect getaway for families or groups looking for an authentic Alaskan experience.
Basement Unit (1/1) – The lower-level unit offers 1 bedroom, 1 bathroom, and a cozy living space for up to 4 guests. While it doesn't have a full kitchen, it includes a refrigerator, microwave, and basic amenities, similar to a hotel suite, ideal for short-term stays.
30-Amp RV Hookup: In addition to the rental units, this property features a 30-amp RV hookup with ocean views, creating an extra stream of income for RV travelers who frequent the Kenai Peninsula during Alaska’s bustling tourism season.
Location Highlights:
Prime Fishing Location: Situated just minutes from some of the best salmon fishing in the world, guests will be able to take advantage of nearby fishing spots on the Kenai River and Cook Inlet.
Easy Access to Seward and Homer: Guests can take a day trip to Seward or Homer, two of Alaska’s top destinations for wildlife viewing, hiking, and boating.
Proximity to Shops and Amenities: While the property feels secluded with its natural surroundings, it’s only a short drive from Kenai’s shopping, dining, and local attractions, offering both convenience and tranquility.
Investment Opportunity:
As a Single Home: This property can generate an estimated annual income of $54.3K with a 49% occupancy rate.
As Two Units: When split, the top-floor 2/1 unit generates an estimated $22.1K annually with 35% occupancy, while the basement 1/1 unit can generate $35K annually with a 37% occupancy rate.
With the flexibility to rent as one large home or two separate units, this property caters to a wide range of guests, including large families, couples, or solo travelers.
Additionally, the 30-amp RV hookup provides an additional source of revenue for travelers seeking an Alaskan road trip experience.
Why 44895 Tide Place is a Great Investment at $359K At just $359K, 44895 Tide Place in Kenai, Alaska, is a rare opportunity to own an oceanfront property with incredible revenue potential. Where else can you find a property on the beautiful Kenai Peninsula with sweeping views of Cook Inlet and Redoubt Volcano for this price? The ability to operate it as two separate rental units and even generate additional income from an RV hookup makes this property an unbeatable deal for investors.
Oceanfront Value Like No Other
It’s almost unheard of to find oceanfront property at this price, especially in a location as desirable as Kenai. With endless fishing, hiking, and sightseeing opportunities at your doorstep, this is a dream destination for visitors looking to experience the best Alaska has to offer. When comparing this property to other oceanfront homes, both in Alaska and nationwide, 44895 Tide Place offers unmatched value at $359K. Comparable properties along the coast are often priced much higher, without offering the same level of flexibility or earning potential. Whether you're an investor seeking high returns or someone looking to own a piece of Alaskan paradise, this property is truly a one-of-a-kind investment opportunity.
Reach Out Today
SARAH HOPE
602-300-2620