64316 Elizabeth Avenue Alaska Oceanfront Property for Sale | Lodge, Restaurant & B&B Opportunity on the Kenai Peninsula Rare opportunity to own a premier oceanfront property on Alaska's Kenai Peninsula, featuring a beautifully crafted 5, 000 square foot lodge on 6 private coastal acres. Known as one of the finest properties in the region, The Great House Lodge at Chautauqua offers a unique blend of luxury residential living, hospitality income, and destination dining potential. Located near the coastal community of Ninilchik, this exceptional property is currently operated as a private residence and part-time bed and breakfast with dining, creating an ideal opportunity for those seeking a turnkey Alaska lodge, restaurant, or hospitality business. ? Chef-Driven Restaurant & Culinary Opportunity Designed for both living and entertaining, the property includes a full-service commercial kitchen and dining space, making it well-suited for a restaurant, private dining concept, or culinary retreat. Currently operated by a world-renowned chef, the property reflects the quality and atmosphere associated with a true destination dining experience. Guests are able to enjoy thoughtfully prepared meals and extend their visit with overnight accommodations, creating a seamless blend of restaurant and lodging in one setting. This is an ideal opportunity for: Chefs seeking a more intentional, lifestyle-driven concept Buyers searching for a restaurant for sale in Alaska Hospitality operators looking to establish a unique dining destination Entrepreneurs interested in a bed and breakfast with food service The setting, scale, and layout naturally support a concept that appeals to travelers exploring the Kenai Peninsula and those seeking memorable dining experiences in Alaska. Property Highlights 5, 000 SF custom lodge-style residence 6 acres of private oceanfront land Operating as a bed and breakfast with dining Expansive coastal views and natural surroundings Separate caretaker's cabin or rental unit Artesian spring water source Handcrafted wood interiors and custom finishes Warm, inviting spaces ideal for guests and gatherings Lifestyle + Income in One Property This property offers the flexibility to live year-round in Alaska while generating income through multiple avenues: Bed and breakfast accommodations Dining and culinary experiences Private events, retreats, or seasonal offerings It's particularly well suited for those seeking a live/work property, combining personal lifestyle with a hospitality business in one of Alaska's most scenic coastal regions. Kenai Peninsula - A Destination Market The Kenai Peninsula is widely recognized as one of Alaska's most desirable destinations, known for its: Dramatic coastline and natural beauty World-class fishing and outdoor recreation Strong seasonal tourism economy Growing demand for unique lodging and dining experiences Properties that combine oceanfront real estate with hospitality and restaurant potential are limited, making this a rare offering within the Alaska market. Investment & Use Potential This property is well positioned for buyers exploring: Alaska oceanfront real estate Kenai Peninsula property opportunities Restaurant or hospitality concepts in Alaska Bed and breakfast ownership Lifestyle-driven business investments 1031 exchange opportunities With its existing use and flexible layout, it supports both immediate enjoyment and long-term business potential.