Spreading out southwest from the city of Anchorage, the Kenai Peninsula takes in the dramatic sweep of Kachemak Bay and the gateway to majestic Katmai National Park & Preserve. A total of nearly 3,000 acres were listed for sale in Kenai Peninsula Borough recently, representing a total value of around $223 million in Kenai Peninsula Borough land and rural real estate for sale. Kenai Peninsula Borough ranks first in the 49th State based on the total acres of land for sale among all the counties in the Land of the Midnight Sun. Kenai featured the most land for sale. Based on its natural assets, tourism and recreation are important factors in the Kenai Peninsula Borough economy. Kenai Peninsula Borough is one of the ten largest counties in Alaska (24,720 square miles). It's located in the Southcentral Alaska region of the state.