Perfect lot for pilots and Alaskan adventure enthusiasts alike. The hard and expensive work of clearing, excavating, backfilling, and compacting to prep for building is already done to the tune of $40,000 worth of work. That expense would likely be even more today, and you can skip the wait time. GU-1 zoning and Valley water nearby gives you lots of flexibility: dream home, aircraft hangar, hangar house, income property, etc. If you have an airplane then you can park in your front yard or freshly built hangar and taxi directly onto the Lakloey runway to head off into the wilds of Alaska.