$6,750,000
$3M PRICE DROP

5260 Kachemak Dr Homer, AK 99603

Estimated payment $39,987/month

Total Views 46,832
7 Beds
12 Baths
17,000 Sq Ft
$397 Price per Sq Ft

Highlights

  • Ocean View
  • Property has ocean access
  • Spa
  • Homer Middle School Rated A-
  • Property fronts an inlet
  • Sauna

About This Home

Situated amidst the breathtaking wilderness of Alaska, Second Star is an architectural masterpiece that offers an unparalleled luxury experience on 2.5+/- acres of water frontage overlooking the pristine waters of Kachemak Bay. This magnificent 17,000+/- square-foot estate seamlessly blends elegant, high-end living with the raw, untamed beauty of the Last Frontier, making it one of Alaska's mostexclusive vacation destinations.

The mansion boasts eight uniquely designed bedroom suites, each crafted to evoke a distinct and immersive ambiance, comfortably accommodating up to 30 guests. The top floor features an enchanting 2,000± square-foot replica of Peter Pan's Neverland, complete with a pirate ship, hidden nooks, and whimsical decor, offering a magical retreat for guests of all ages. Whether seeking relaxation, adventure, or both, Second Star provides an unforgettable escape unlike any other.

The estate's world-class amenities set it apart as a true luxury retreat. The private spa wing includes a Turkish bath, indoor pool, infrared sauna, and steam room. A hidden passageway leads to a state-of-the-art theater and a charming candy shop. The expansive 3,000± square-foot deck offers breathtaking panoramic views of the Pacific Ocean, towering mountains, and ancient glaciers, making it a spectacular setting for intimate gatherings, corporate retreats, and grand celebrations. A gourmet kitchen designed to accommodate private chefs ensures a bespoke culinary experience for the most discerning palates.

Operating as a highly successful luxury vacation rental, Second Star has built a prestigious reputation, attracting elite clientele from around the world seeking privacy, exclusivity, and adventure. The property's proven success, unmatched amenities, and breathtaking location make it an extraordinary investment opportunity. Embrace the chance to own Second Star, where luxury, adventure, and imagination converge in the heart of Alaska's awe-inspiring wilderness.

Listing Agent

Yvan Corbin

Real Broker Alaska License #17923 Listed on: 03/26/2025

Real Broker Alaska

Co-Listing Agent

Luc Corbin

Real Broker Alaska License #222565

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,900

Year Built

  • Built in 2011

Lot Details

  • 2.47 Acre Lot
  • Property fronts an inlet
  • Waterfront
  • Suitable for Bed and Breakfast

Parking

  • 6 Car Attached Garage
  • Attached Carport

Property Views

  • Ocean
  • Bay
  • Glacier
  • Unobstructed Views
  • City Lights

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 17,000 Sq Ft Home
  • Vaulted Ceiling
  • Fireplace
  • Family Room
  • Den
  • Sauna
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Soaking Tub
  • Spa Bath

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Spa
  • Property has ocean access
  • Deck

Schools

  • Btv-Undiscl By Ll Elementary And Middle School
  • Btv-Undiscl By Ll High School

Utilities

  • Radiant Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,900

Year Built

Built in 2011

Lot Details

0

Parking

6

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.47
  • Co List Office Mls Id: 1183
  • Co List Office Phone: 855-450-0442
  • Directions: NE on Kachemak Dr, property is on the right
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: B & B in Operation, B & B Potential, Single Family Res
  • Year Built: 2011
  • Special Features: None

Interior Features

  • Spa Features: Bath
  • Private Spa: Yes
  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Washer &/Or Dryer
  • Other Equipment: Home Theater
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace: Yes
  • Interior Amenities: Den &/Or Office, Family Room, Pantry, Sauna, Soaking Tub, Vaulted Ceiling(s)
  • Living Area: 17000
  • Window Features: Window Coverings

Exterior Features

  • Lot Features: Landscaped, Views
  • Pool Features: Swimming Pool
  • View: Bay, City Lights, Glacier, Inlet, Mountain(s), Ocean, Spit, Unobstructed
  • View: Yes
  • Waterfront Features: Waterfront, Bay/Harbor, Inlet, Ocean Front, Bay Access, Ocean Access
  • Waterfront: Yes
  • Home Warranty: No
  • Common Walls: No Common Walls
  • Construction Type: Frame
  • Foundation Details: Unknown - BTV
  • Patio And Porch Features: Deck/Patio
  • Property Condition: Existing Structure
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 6
  • Garaged Spaces: 6
  • Parking Features: Garage Door Opener, Attached, No Carport
  • Total Parking Spaces: 6

Utilities

  • Laundry Features: Washer &/Or Dryer Hookup
  • Security: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
  • Heating: Fireplace(s), Natural Gas, Radiant, Radiant Floor, Solar
  • Heating Yn: Yes
  • Sewer: Unknown
  • Utilities: Phone Connected
  • Water Source: Unknown-BTV

Schools

  • Elementary School: BTV-Undiscl by LL
  • High School: BTV-Undiscl by LL
  • Middle Or Junior School: BTV-Undiscl by LL

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 107593.2
  • Mobile Dim Units: Feet
  • Zoning Description: Unknown
  • Zoning: UNK

Green Features

Multi Family

Tax Info

  • Tax Map Number: N/A

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $41,900 $4,083,800 $309,000 $3,774,800
2023 $37,209 $3,407,400 $291,500 $3,115,900
2022 $36,929 $3,285,500 $291,500 $2,994,000
2021 $30,316 $3,036,300 $285,700 $2,750,600
2020 $34,163 $2,986,300 $285,700 $2,700,600
2019 $33,741 $2,934,000 $285,700 $2,648,300
2018 $30,316 $2,636,200 $285,700 $2,350,500
2017 $31,050 $2,747,800 $167,300 $2,580,500
2016 $26,148 $2,314,000 $165,800 $2,148,200
2015 $3,753 $2,130,800 $165,800 $1,965,000
2014 $3,753 $1,958,100 $165,800 $1,792,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 Price Changed $6,750,000 -28.9% $397 / Sq Ft
03/26/2025 03/26/25 For Sale $9,500,000 -- $559 / Sq Ft
Source: Alaska Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $455,000 Purchase Money Mortgage
Previous Owner $150,000 No Value Available
Source: Public Records

Source: Alaska Multiple Listing Service

MLS Number: 25-3110

Alaska Multiple Listing Service

APN: 174-201-18