$1,585,000

54532 Pheasant Ave Homer, AK 99603

Estimated payment $10,415/month

Total Views 3,118
10 Beds
8 Baths
5,779 Sq Ft
$274 Price per Sq Ft

Highlights

  • Ocean View
  • Forced Air Heating System
  • Gentle Sloping Lot
  • Homer Middle School Rated A-
  • Washer and Dryer

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

Kachemak Keller Williams Realty Alaska Group

Co-Listing Agent

Becky Turkington

Kachemak Keller Williams Realty Alaska Group License #188838

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1999

Lot Details

  • 2.17 Acre Lot
  • Gentle Sloping Lot

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Metal Roof
  • Log Siding

Interior Spaces

  • 5,779 Sq Ft Home
  • Ocean Views
  • Washer and Dryer

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating System
  • Private Water Source
  • Well
  • Septic Tank

Community Details

  • 4 Buildings
  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 2.17
  • 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.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Quadruplex, Other - See Remarks
  • Year Built: 1999
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 4
  • Appliances: Washer/Dryer
  • Full Bathrooms: 8
  • Total Bedrooms: 10
  • Flooring: Luxury Vinyl
  • Living Area: 5779

Exterior Features

  • Topography: Gently Rolling
  • View: Mountain(s), Ocean, Spit
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Log Siding, Log
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing Structure
  • Roof: Metal

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Private, 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
  • ResoLotSizeUnits: Acres

Green Features

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Map Number: N/A

Map

Range of Values:

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Average Value
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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
03/05/2025 03/05/25 For Sale $1,585,000 0.0% $274 / 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: 25-2210

Alaska Multiple Listing Service

Alaska Kenai Peninsula Borough Homer 99603

54532 Pheasant Ave, Homer, AK

Homes for Sale in Homer, AK

This home is located at 54532 Pheasant Ave, Homer, AK 99603 and is currently priced at $1,585,000, approximately $274 per square foot. This property was built in 1999. 54532 Pheasant Ave is a home located in Kenai Peninsula Borough with nearby schools including McNeil Canyon Elementary School, Homer Middle School, and Homer High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Alaska Multiple Listing Service The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Ten-X are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.

Valerie Buss
Listing Agent
Valerie Buss
Section Image
Kachemak Keller Williams Realty Alaska Group
(907) 202-6116