This offering is structured as a Request for Offers, with all submissions due by May 7, 2025. If you have an interest in learning more about the RFO and Passage Island & Coal Cove, and you may want to submit a bid or absolutely would like to submit a bid, fill out the form linked below to register. The Seller’s intention is to accept the “best” offer submitted. This sale has a non-published reserve.
The buy out price for this offer is $4,500,000.
Register Here
Nestled in the pristine waters of Alaska’s Cook Inlet, Passage Island and Coal Cove offer breathtaking scenery, rich history, and an exclusive opportunity for off-grid living, recreation, and conservation.
Passage Island, located 22± nautical miles southwest of Homer Spit, encompasses approximately 44.5± acres with nearly 7,000 feet of water frontage and is surrounded by the protected waters of Port Graham. Its rugged coastline features easily accessible pebble beaches, striking rock formations, and hidden sea caves, while deep water moorage potential enhances its value. A paradise for outdoor enthusiasts, the island offers world-class fishing for salmon, halibut, rockfish, and lingcod, along with opportunities for hiking, beachcombing, and enjoying panoramic 360-degree views of the surrounding waters and mountains. Spruce trees populate 95% of the island and are estimated to be 350± years old. The estimated timber volume is approximately 15-25 thousand board feet (MBF) per acre. At low tide, the water depth on the east and west sides ranges between 70 and 100 feet, just 150 to 200 feet from shore. It is accessible by floatplane, boat, or helicopter at low tide, providing a secluded retreat surrounded by the protected waters of Port Graham.
Coal Cove, located 20± nautical miles southwest of Homer Spit, lies on the mainland just north of Passage Island. Spanning approximately 80± acres with nearly 1,500 feet of linear water frontage, this private holding is characterized by a dramatic landscape of towering spruce trees, estimated to be over 350 years old, and an elevated terrain that rises from the beach to 120 feet at Coal Cove Point. Like Passage Island, it offers exceptional opportunities for timber investment, private ownership, or the development of a secluded off-grid retreat. Historically, Passage Island was named in 1786 by Captain Portlock, who mistakenly believed it marked the entrance to a navigable strait. In the early 1900s, John Herbert established a fox farm on the island, later transitioning it into a mink ranch before its eventual closure, after which the island remained largely untouched.
Today, both Passage Island and Coal Cove present a unique opportunity to own a pristine piece of Alaska’s rugged wilderness. 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.
