Where you find "Cheap Land" in Alaska, you will find and abundance of land there. Or often it is swamp, and/or inaccessible.
Eight miles away from the property I am selling is Two acres (With nothing on it but trees) sold last summer for $176,000.00 or roughly $88,000.00 per acre.
You can find very cheap land in Alaska. The reason this land is expensive is there is hardly any private land inside the Chugach National Forest.
In 1970 I was purchasing land here in Sunrise, Alaska for $450.00 to $500.00 per acre.
In 1998 I bought this land for $2,500.00 per acre.
In 2014 1/4 mile away two acres sold for $84,000.00 or roughly $42,000.00 per acre. It had nothing on it but a few trees, did not even have electric, estimated to cost $19,000.00 to bring power to that property.
If I priced these 16 acres at the 2014 comparable, it would be $660,000.00 plus all the improvements.
If I priced it at the $88,000.00 per acre comparable, we are looking at 1,450,000.00 plus improvements.
Two years ago, we started the process of subdividing these 16 acres into (11) Eleven lots, we calculated that after all costs, we would net about $1,100,000.00
I mistakenly thought this property with its twenty-foot waterfalls would greatly appeal to preppers, looking for remote, but accessible property, in an area where property is rapidly appreciating because of location, and no property available.
I was wrong.......will now likely sell to a developer.
I am a retired Commercial Real Estate Broker, Appraiser, CCIM (43 years).
I did some checking - just a few minutes, nothing very thorough but I found land for $1500/acre in Alaska.
Now I don't have any way to compare what you are selling to the land I saw advertised so I expect there is more than just acres involved. I have looked at "productive property" orchards and farm land and it goes for about $12000/acre. Unimproved property can be had for less than $1000/acre in some states.
The location is a deal breaker but that price takes a few long looks.