000 Emerald Hills Anchorage, AK 99502
Sand Lake NeighborhoodEstimated payment $23,690/month
Highlights
- River View
- 6.2 Acre Lot
- Partially Wooded Lot
- Dimond High School Rated A-
About This Lot
6.2-acre parcel of land at the northeast corner of West Dimond Blvd and Arlene St. Total frontage is 1,050 linear feet on streets with total average daily traffic counts of nearly 30,000 vehicles per day. The site is directly west of Emerald Hills Park, Campbell creek and the Campbell Creek Trail bike and south of Dimond High School. R3A Mixed-use commercial & residential allows for 200+ Units.Prime 6.25-Acre Development Opportunity in Anchorage!
Major changes have been made recently in Anchorage code to significantly reduce the red tape to develop and promote building housing in Anchorage! This lot lies in the Transportation Corridor which permits property tax abatement on building improvements for up to 28 years!!!! Coupled with the suspension of design standard and you have massive potential to build one of Anchorages greatest real estate developments in decades.
Unlock the potential of a 6.25-acre urban haven at the northeast corner of Dimond Boulevard and Arlene Street. Nestled at the gateway to Emerald Hills, this property offers breathtaking vistas, unparalleled exposure, and limitless possibilities for residential, commercial, or mixed-use development.
Unmatched Views & Prime Location: Overlooking Emerald Hills Park, Campbell Creek, and Moose's Loop Trail with unobstructed views of the majestic Chugach Mountains.
Walkable Convenience: Just steps from Fred Meyer, Dimond High School, Chinook Elementary, and Campbell Lake.
Zoning Flexibility for Your Vision:
R3A zoning allows:
Over 200 residential units can be built on site.
Up to 33% of the gross floor area for commercial use.
Flexible configurations: Integrate commercial and residential spaces within the same building or as standalone structures.
Unparalleled Exposure:
465 feet of frontage on Dimond Blvd for commercial development.
Traffic volumes averaging 18,000-22,000 vehicles daily.
Development-Ready:
Soil tests complete.
Flexible building codes permit structures up to 40 feet tall for mixed-use projects, high density residential, and alternative parking options.
This rare combination of strategic location, zoning flexibility, and stunning views makes Emerald Hills Lot 6 the ultimate blank canvas for a visionary developer.
Property Details
Property Type
- Land
Lot Details
- 6.2 Acre Lot
- Lot Dimensions are 465' x 583' x 465' x 583'
- Partially Wooded Lot
- Property is zoned R3, Multiple Family Residential
Additional Features
- River Views
- Electricity To Lot Line
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | Price Changed | $3,800,000 | -3.8% | -- |
| 01/20/2025 01/20/25 | For Sale | $3,950,000 | -- | -- |
Source: Alaska Multiple Listing Service
MLS Number: 25-595
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The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Ten-X are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.
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