$2,399,999

895 Ocean Drive Loop Homer, AK 99603

Estimated payment $13,428/month

8 Beds
10 Baths
4,150 Sq Ft
$578 Price per Sq Ft

Highlights

  • Property has ocean access
  • Waterfront
  • Heating Available
  • Homer Middle School Rated A-

About This Home

This established and well-reviewed property blends refined comfort, authentic Alaskan character,This established and well-reviewed property blends refined comfort, authentic Alaskan character and immersive spa experiences, creating a year-round draw for travelers and locals alike. A Proven Business with Multiple Revenue Streams
The Homer Inn & Spa has earned a strong reputation as a serene retreat for guests seeking relaxation, adventure, and rejuvenation. With loyal repeat clientele, excellent guest reviews, and diversified income sources, the business is well positioned for continued success and future growth. Revenue is generated through overnight accommodations, day-spa services, and private bookings, appealing to both destination travelers and the local market.
Prime Homer Location
Surrounded by dramatic landscapes, coastal beauty, and endless outdoor recreation, the property offers convenient access to hiking, fishing, wildlife viewing, and Homer's vibrant arts and dining scene. The area's year-round tourism ensures consistent demand across seasons.
Boutique Accommodations
Guest rooms and suites are thoughtfully designed with a warm, modern Alaskan aestheticcomfortable, inviting, and visually striking. Each space is curated to provide privacy, tranquility, and memorable views, making the inn especially appealing to independent travelers, couples, and wellness-focused guests seeking a unique lodging experience.
World-Class Spa & Wellness Experience
The full-service spa is a true centerpiece of the property, drawing both visitors and local residents. Amenities include:
Hot tubs and cold plunge
Finnish sauna
Red light therapy
Massage chairs
Warm room with vitamin D light therapy
Oxygen therapy and massaging recliners
Paired with breathtaking views, the spa experience sets the Homer Inn & Spa apart as a destination in its own right.
Events & Retreat Potential
With its serene setting and flexible spaces, the property is well suited for intimate weddings, wellness retreats, corporate gatherings, and private eventsproviding meaningful opportunities to expand revenue streams.
Significant Upside & Expansion Opportunities
There is clear potential for increased profitability through expanded marketing, enhanced online presence, partnerships with local tour operators, curated retreats, and special event programming. A new owner can build upon the existing foundation while bringing fresh vision to elevate the brand even further.
The Homer Inn & Spa offers a rare combination of established income, boutique hospitality, and Alaska's unmatched natural beauty. This is an exceptional opportunity to own a landmark wellness retreat while shaping the next chapter of a truly special property.

Listing Agent

Gina Pelaia

Berkshire Hathaway HomeServices Alaska Realty License #16355 Listed on: 12/22/2025

Berkshire Hathaway HomeServices Alaska Realty

Co-Listing Agent

Joleen Brooks

Berkshire Hathaway HomeServices Alaska Realty License #18894

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.58 Acre Lot
  • Waterfront

Parking

  • 8 Parking Spaces

Home Design

  • 4,150 Sq Ft Home
  • Block Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 10 Full Bathrooms

Schools

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

Additional Features

  • Property has ocean access
  • Heating Available

Community Details

  • 4 Buildings
  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.58
  • Co List Office Phone: 907-226-2226
  • Directions: Take Bypass to Lake Street on the way to the spit, turn on Ocean Drive Loop and follow down. The property is on the left.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Other - See Remarks
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Number Of Buildings: 4
  • Full Bathrooms: 10
  • Total Bedrooms: 8
  • Living Area: 4150

Exterior Features

  • View: No
  • Waterfront Features: Bay Access, Inlet Access, Ocean Access, Bay/Harbor, Inlet, Ocean Front
  • Waterfront: Yes
  • Foundation Details: Block
  • Property Condition: Existing Structure

Garage/Parking

  • Total Parking Spaces: 8

Utilities

  • Heating: Floor Furnace, 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: 25264.8
  • 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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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
2025 $9,797 $902,700 $172,900 $729,800
2024 $9,797 $870,100 $163,900 $706,200
2023 $7,704 $682,500 $144,900 $537,600
2022 $7,378 $639,300 $121,400 $517,900
2021 $10,714 $595,300 $118,000 $477,300
2020 $11,918 $586,600 $117,000 $469,600
2019 $5,888 $578,500 $117,000 $461,500
2018 $10,714 $529,000 $113,000 $416,000
2017 $11,350 $563,400 $115,200 $448,200
2016 $7,693 $391,400 $61,400 $330,000
2015 $3,509 $408,600 $61,400 $347,200
2014 $3,509 $387,800 $61,400 $326,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2025 12/22/25 For Sale $2,399,999 -- $578 / Sq Ft
Source: Alaska Multiple Listing Service

Purchase History

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

Mortgage History

Date Status Loan Amount Loan Type
Open $97,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Gina Pelaia

Berkshire Hathaway HomeServices Alaska Realty

(866) 864-1942

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#LIVINGALASKA! She loves living in Alaska and she can help this dream come true for you too! She has filmed 5 episodes with HGTV Living Alaska with actual Buyers it is a Real Estate show that showcases our beautiful Cosmic Hamlet by The Sea fondly known as Homer Alaska! She was raised in a Real Estate Family! In 2004 she moved to Homer Alaska, got her Real Estate License, and went to work for selling and managing Real Estate in Homer Alaska. Beginning in Texas in 1996 she helped many first-time

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Source: Alaska Multiple Listing Service

MLS Number: 25-15019

Alaska Multiple Listing Service

APN: 177-177-01