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 offered for sale by her owner in Washington State. The island was approximately 44 acres and had nearly 7,000 feet of water frontage, which was home to a former fur trading fox farm and later a mink farm in the early 1900s. It is sometimes 56 acres when the tide is out and is accessible by seaplane, boat or helicopter at low tide.

The island was so named in 1786 by Captain Nathaniel Portlock, who was on board the HMS Discovery on Captain James Cook’s third Pacific voyage. Passage Island, in Port Graham Bay, was at the entrance to what was mistaken for a passage leading to the ocean.

The property is listed by Fay Ranches, a real estate company that specializes in ranch real estate, and writes, “This private island offers a unique Alaskan landowning experience.” It is along with Yvan Corbin, the owner and broker of Alaska Top Shelf Realty, publicly traded. The asking price is $20 million, but act fast – it’s already featured in the Wall Street Journal.

Passage Island offers “scenic hikes, pebbly beaches, 360 degree panoramic views, world-class fishing, beachcombing, rock climbing and caves to explore. This private island is suitable as a deep water dock or mooring. If you are an angler, fish off the island for salmon, halibut, scorpion fish and ling cod, or head out to sea and experience the thrill of big game fishing in the deep sea,” the listing reads. “Build an off-grid home, lodge or family retreat and wake up to scenic mountain views while whales, otters and eagles visit you on your doorstep.”

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

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