Rare find: Private island off Seldovia listed for $20 million

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Passage Island, 22 nautical miles southwest of the Homer Spit, is for sale by its Washington state owner. The site of a former fox farm for the fur trade, and later a mink ranch in the early 1900s, the island is about 44 acres with nearly 7,000 feet of water frontage. It is sometimes 56 acres, when the tide is out, and is accessible by floatplane, boat, or helicopter at low tide.

The island was so named in 1786 by Captain Nathaniel Portlock, who was aboard the HMS Discovery on the third pacific voyage of Captain James Cook. Passage Island, in the inlet of Port Graham, was at the entrance of what was mistakenly thought to be a passage leading to the ocean.

The property is listed by Fay Ranches, a real estate company that specializes in ranch properties, which writes “this private island offers a one-of-a-kind Alaska landowner experience.” It is co-listed with Yvan Corbin, owner and broker Alaska Top Shelf Realty. The asking price is $20 million, but act fast — it’s already been featured in the Wall Street Journal.

Passage Island offers “scenic hiking, pebble beaches, 360 panoramic views, world-class fishing, beachcombing, rock climbing, and caves to explore. This private island is suitable for a deep-water dock or moorage. If you are an angler, fish off the island for salmon, halibut, rockfish, and lingcod, or head out to sea and experience the thrill of deep-water offshore fishing,” the listing says. “Build an off-grid home, lodge, or family retreat and wake up to the picturesque mountain views while whales, otters, and eagles visit you at your doorstep.”

There’s one unusual benefit that the broker notes: “Free energy from coal washing ashore.”

3 COMMENTS

  1. What a “steaL” at $454,545/acre! Let me look between the couch cushions for that $20,000,000.

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