Kenai Specialty for Sale
Diamond M Ranch Resort, located in picturesque Kenai, Alaska, is widely regarded as one of the top three RV parks in the entire state and stands as a premier investment opportunity on the Kenai Peninsula. Spanning approximately 20 acres, this exceptional resort has been meticulously planned, developed, and maintained by the original owners since 1997, resulting in an immaculate, turnkey asset with no anticipated Day-1 capital expenditures. The park benefits from Kenai’s extraordinary recreational appeal—including world-class Kenai River salmon fishing, Cook Inlet halibut charters, hiking trails, bike paths, beaches, and proximity to both Kenai and Soldotna amenities. Its natural setting, bordering a scenic farm and offering iconic Alaska views, draws retirees traveling from out of state, in-state family vacationers, and long-term seasonal guests.
The resort features 69 full-service RV pads, each equipped with water and sewer service. Sixty-five (65) pads offer 20/30/50-amp electrical pedestals, while three pads offer 20/30-amp service. Thirty-one (31) pull-through sites accommodate larger rigs, and 52 of the 69 pads include electrical meters to bill back longer-term guests for usage. In addition to the RV sites, the resort provides eight primitive tent sites with picnic tables and access to a community fire ring. Underground utilities have been expertly designed using 2" HDPE water lines and 4"/6" ABS sewer lines. The resort operates on well and septic systems, and every pad is fully functional and in excellent working order. All interior roads are gravel and in top condition, with more than $60,000 invested recently in road and pad improvements. The property lies in an area unstudied by FEMA for flood zones, but the owners report zero flooding issues over 28 years and are unaware of any flooding in recorded history.
Beyond the RV sites, Diamond M Ranch Resort distinguishes itself with 16 high-demand lodging units that generate premium rental revenue. These include five one-bedroom historic suites, a duplex, a standalone cabin, a two-bedroom apartment, a one bedroom apartment, two studio apartments, and four hotel-style rooms—each offering a unique guest experience. The property also features a four-bedroom, two-bathroom residence currently occupied by the owners, with direct access to a scenic guest viewing deck overlooking the resort. Two well-designed bathhouses are located onsite: one with three residential-style bathrooms and another with four. The resort includes a general store selling merchandise and guest necessities, as well as a newly completed clubhouse building for office operations.
The resort is self-managed by the owners and attracts a balanced mix of guests: approximately 50% overnight or weekend stays, 10% monthly renters, and around 15% seasonal visitors. Rates have been increased annually and stand at the higher end of the market—consistent with the owners’ philosophy of offering a premium experience, reflected in their statement: “High—you get what you pay for.” Over the past 3–5 years, ownership has invested in key improvements including road upgrades, various roofing projects, and completion of the new office clubhouse. While the resort is in excellent condition with no immediate capital needs, ownership anticipates that future operators may eventually consider updating the layout of the Blair Tall Timbers section, repairing the deck on Foreman’s Cabin, or evaluating long-term improvements to the Mainstreet roof.
Diamond M Ranch Resort offers significant opportunities for expansion, enhancement, and revenue diversification. Ownership notes that waterfront expansion may be possible, the property’s scenic open spaces lend themselves to wedding or event venue development, and there is ample room for additional growth throughout the resort. The property boasts hiking and biking trails, picturesque viewing decks, and adjacency to a farm—further adding to its appeal as a destination RV resort. Local attractions such as Soldotna Creek Park’s Wednesday Market, Kenai River salmon fishing, Cook Inlet halibut fishing, the nearby beaches, and walking access to the Kenai River create strong tourism demand and underscore the resort’s strategic location.
The owners—who built and have meticulously cared for this property for nearly three decades—are preparing to retire and spend more time with their six grandchildren. They take great pride in the resort’s condition and reputation, stating: “We feel that we are the best, or at least in the top three RV parks in the State of Alaska.” They will entertain seller-financing proposals with a minimum down payment of 25% and a preferred balloon term of no more than five years. Diamond M Ranch Resort presents a rare opportunity to acquire one of Alaska’s finest RV parks—an impeccably maintained, highly profitable, and deeply loved hospitality asset in an irreplaceable location.
The broker for this transaction is Brian Brockman with Bang Realty-Pacific Inc, Alaska License #164417. The cooperating out of state licensee is Jonathan Fisher who is the Designated Managing Broker for MR. LANDMAN, LLC, Illinois License #471.020503.
Location
Kenai is a city in the Kenai Peninsula Borough in Alaska. By road, it is 158 miles southwest of Anchorage. The population was 7,424 as of the 2020 census, up from 7,100 in 2010, the seventh-most populated city in the state.
Kenai, Alaska is a beautiful place to live. The scenery is breathtaking with its towering mountains, expansive glaciers and meandering rivers. Summers are mild with temperatures rarely going above 80 degrees Fahrenheit, and the sun shines almost 24 hours a day during this time of year. Winters are cold but still comfortable due to the surrounding snow-covered mountains that act as temperature regulators. Wildlife viewing, hunting, fishing and other outdoor recreation opportunities are plentiful in the area, making it an ideal spot for nature enthusiasts to explore and enjoy. Additionally, Kenai hosts many festivals throughout the year and has a vibrant downtown district filled with shops and restaurants.
The Kenai River is the longest river in the Kenai Peninsula of south central Alaska. It runs 82 miles westward from Kenai Lake in the Kenai Mountains, through the Kenai National Wildlife Refuge and Skilak Lake to its outlet into the Cook Inlet of the Pacific Ocean near Kenai and Soldotna.
In 1985, a world record largest sport-caught Chinook (or "king") salmon was taken from the Kenai River, weighing in at 97 lbs 4oz. Eight of the ten largest king salmons caught in the world have come from the same river, making the city a popular fishing tourist location.
The lower reaches of the Kenai River, including its mouth where it empties into Cook Inlet, are within city limits. This area is the site of a designated personal use dipnet fishery during the month of July, one of a number of such fisheries throughout various parts of Alaska, that is open annually to residents
