$1,450,000
$135K PRICE DROP

54532 Pheasant Ave Homer, AK 99603

Estimated payment $9,459/month

Total Views 13,910
10 Beds
8 Baths
5,779 Sq Ft
$251 Price per Sq Ft

Highlights

  • Ocean View
  • Chalet
  • Forced Air Heating System
  • Homer Middle School Rated A-
  • Deck
  • Gentle Sloping Lot

About This Home

Looking for an investment property with the idyllic Alaskan log homes? Four standalone private cabins that have been recently updated and remodeled. The perfect opportunity to get established and begin booking or renting before the busy season!Each unit has spectacular views of Kachemak Bay through giant windows, large decks for relaxing, & warm propane fireplaces & vaulted ceilings.The main lodge is perched at the top of the property and is a large 4-bedroom 2 bath home that has been beautifully updated and furnished.

The three other buildings are duplex-style log chalets with one bedroom and one bath in each unit. Each unit features its own kitchen, and washer/dryer hookups.

The larger cabin and two others are being sold furnished.

This is a great opportunity to invest in Homer! Live in one unit, enjoy all the lower Kenai Peninsula has to offer while renting out the other three units. With a total of seven units this investment opportunity is ideal for both short term AND long term rentals

Listing Agent

Valerie Buss

Kachemak Keller Williams Realty Alaska Group License #156938 Listed on: 03/05/2025

Kachemak Keller Williams Realty Alaska Group

Co-Listing Agent

Becky Turkington

Kachemak Keller Williams Realty Alaska Group License #188838

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1999

Lot Details

  • 2.17 Acre Lot
  • Gentle Sloping Lot
  • Suitable for Bed and Breakfast
  • Property is zoned UNZ, Not Zoned

Property Views

  • Ocean
  • Bay
  • Glacier

Home Design

  • 5,779 Sq Ft Home
  • Chalet
  • Log Cabin
  • Metal Roof
  • Log Siding

Kitchen

  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Deck

Schools

  • Mcneil Canyon Elementary School
  • Homer Middle School
  • Homer High School

Utilities

  • Forced Air Heating System
  • Water Holding Tank
  • Well
  • Septic Tank

Home Details

Home Type

Single Family

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.17
  • Road Frontage Type: Dedicated Road
  • Road Surface Type: Gravel
  • Co List Office Mls Id: 4955
  • Co List Office Phone: 907-235-7733
  • Directions: 9.2 miles East End Road to Walters St. Right on Walters, first st to the right and is the first property on the right.
  • Architectural Style: Cabin, Chalet/A-Frame, Log
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: B & B Potential
  • Year Built: 1999
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Gas Cooktop
  • Full Bathrooms: 8
  • Total Bedrooms: 10
  • Flooring: Luxury Vinyl
  • Interior Amenities: BR/BA on Main Level
  • Living Area: 5779

Exterior Features

  • Lot Features: Covenant/Restriction, Road Service Area, Views
  • Topography: Gently Rolling
  • View: Bay, Glacier, Mountain(s), Ocean, Spit
  • View: Yes
  • Waterfront Features: None, No Access
  • Waterfront: No
  • Home Warranty: No
  • Common Walls: No Common Walls
  • Construction Type: Log, Log Siding
  • Foundation Details: Concrete Perimeter, Unknown - BTV
  • Patio And Porch Features: Deck/Patio
  • Property Condition: Existing Structure
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, No Carport

Utilities

  • Laundry Features: Washer &/Or Dryer Hookup
  • Heating: Forced Air, Kerosene, Oil, Propane
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Hold Tank, Well

Schools

  • Elementary School: McNeil Canyon
  • High School: Homer
  • Middle Or Junior School: Homer

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 94525.2
  • Mobile Dim Units: Feet
  • Zoning Description: Not Zoned
  • Zoning: UNZ

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

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 Price Changed $1,450,000 -8.5% $251 / Sq Ft
03/05/2025 03/05/25 For Sale $1,585,000 +29.4% $274 / Sq Ft
05/03/2022 05/03/22 Sold -- -- --
05/03/2022 05/03/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $1,225,000 +1276.4% $212 / Sq Ft
06/15/2018 06/15/18 Sold -- -- --
06/06/2018 06/06/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $89,000 -- $17 / Sq Ft
Source: Alaska Multiple Listing Service

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Source: Alaska Multiple Listing Service

MLS Number: 25-2208

Alaska Multiple Listing Service