$1,400,000
NEW CONSTRUCTION

1696 Sterling Hwy Homer, AK 99603

Estimated payment $8,764/month

Total Views 6,622
10 Beds
8 Baths
4,628 Sq Ft
$303 Price per Sq Ft

Highlights

  • Ocean View
  • Property has ocean access
  • 0.91 Acre Lot
  • Homer Middle School Rated A-
  • New Construction
  • Washer and Dryer

About This Home

Discover an exceptional investment opportunity with these two newly constructed duplexes perched on Baycrest Hill, within the city limits of Homer. Each unit offers breathtaking views of the ocean, and the surrounding mountains, making this property as visually captivating as it is financially promising.All four units are metered separately and connected to public water, sewer, and natural gas, allowing for easy management and potential rental income. Live in one unit and let the rental income from the other three cover your mortgage. With 8 dedicated parking spaces, ample amenities, and just minutes from the Homer Spit, this property is ideally positioned for residents or vacationers looking to experience the beauty of Homer.

Key Features Include:

Modern Finishes & Construction: Lifeproof smart siding, durable lifeproof vinyl flooring, and ICF (insulated concrete forms) foundation for energy efficiency.
Thoughtfully Designed Interiors: Large open living spaces with spectacular views, butcher block breakfast bars, and quality Lifeproof finishes throughout.
Convenience & Comfort: Each unit includes a washer and dryer, hot water on demand, and spacious layouts perfect for modern living.
Details by Building:

Building 1 (Units A & B): Concrete slab foundation.
Building 2 (Units 1 & 2): Built on a durable ICF foundation.
With stunning views, high-quality finishes, and strong income potential, these duplexes offer the best of Homer living and a rewarding investment. Don't miss the chance to own a prime piece of Alaskan real estate with unmatched appeal and flexibility!

Listing Agent

Sarah Beller

Sarah Beller Real Estate License #153199 Listed on: 06/24/2024

Sarah Beller Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024 | New Construction

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Bay
  • Unobstructed Views
  • City Lights

Home Design

  • 4,628 Sq Ft Home
  • Duplex
  • Side-by-Side
  • Insulated Concrete Forms
  • Shingle Roof
  • Composition Roof

Bedrooms and Bathrooms

  • 10 Bedrooms

Schools

  • Paul Banks/Homer Elementary School
  • Homer Middle School
  • Homer High School

Additional Features

  • Washer and Dryer
  • Property has ocean access
  • 0.91 Acre Lot
  • Heating Available

Community Details

  • 2 Buildings
  • 4 Units
  • Built by Polar Star Construction

Property Details

Home Type

Multi-Family

Year Built

Built in 2024 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.91
  • Road Frontage Type: Government
  • Road Surface Type: Paved
  • Directions: From Sterling Highway coming into Homer, just past the Church, property is located just before the bottom of the hill, on the left.
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: Yes
  • Structure Type: Duplex, Side by Side
  • Year Built: 2024
  • Special Features: 4098

Interior Features

  • Number Of Buildings: 2
  • Appliances: Washer/Dryer
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 10
  • Flooring: Vinyl
  • Living Area: 4628

Exterior Features

  • Lot Features: Covenants, City Lot
  • Topography: Gently Rolling,Level
  • View: Bay, City Lights, Mountain(s), Ocean, Unobstructed
  • View: Yes
  • Waterfront Features: Ocean Access, None
  • Waterfront: No
  • Builder Name: Polar Star Construction
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter, Quad-Lock
  • Property Condition: New Construction
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garaged Spaces: 2
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Washer/Dryer HkUp
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Paul Banks/Homer
  • High School: Homer
  • Middle Or Junior School: Homer

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 39639.6
  • Mobile Dim Units: Feet
  • Zoning Description: Rural Residential
  • Zoning: RR

Green Features

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Map Number: N/A

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/09/2025 07/09/25 For Sale $1,400,000 0.0% $303 / Sq Ft
06/24/2025 06/24/25 Off Market -- -- --
06/25/2024 06/25/24 For Sale $1,400,000 +522.2% $303 / Sq Ft
06/30/2023 06/30/23 Sold -- -- -- View Prior Sale
06/17/2023 06/17/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $225,000 -- $114 / Sq Ft
Source: Alaska Multiple Listing Service

Source: Alaska Multiple Listing Service

MLS Number: 24-7747

Alaska Multiple Listing Service

APN: 175-250-04