1696 Sterling Highway #A, #B, #1, #2, Homer, AK 99603

$1,400,000
Property Type: Residential Bedrooms: 10 Baths: 8 Square Footage: 4,628 Lot Size (sq. ft.): 39,640 Status: Active
Current Price: $1,400,000 Last Modified: 8/13/2025

Description

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.

Supplements: 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!

More Information MLS# 24-7752

Location, Legal, and School Info

Region: 1 - Southcentral Alaska Region Borough/Census Area: 1B - Kenai Peninsula Borough Unit #: #A, #B, #1, #2 Grid # (Muni Anch): N/A Tax Map #-Mat-Su: N/A Tax ID: 17525004 School-Elementary: Paul Banks/Homer School-Middle: Homer School-High: Homer Builder Name & Co: Polar Star Construction Legal: Bidarki Creek Plat of L2A thru L5A L3A

Contract Info

Foreclosure/Bank Own: No Price-List: 1400000 Date-Listing: 2024-06-24 Status: Active

Property Info

Realtor.com Type: Residential - Single Family Construction Status: New - Construction Complete Property Attached/Common Walls: No Gen Contr/Owner Bldr: General Contractor Bathrooms Half: 2 Bathrooms Three Quarter: 0 Bathrooms Full: 6 Bathrooms Total: 8 Acres: 0.91 SF-Lot: 39639.6 Lot Area Source: Tax Authority Zoning: RR - Rural Residential Garage Spaces: 0 Carport Spaces: 0 Beds: 10 SF-Res: 4628 Year Built: 2024

Remarks and Directions

Directions: From Sterling Highway coming into Homer, just past the Church, property is located just before the bottom of the hill, on the left.

Residential Type

B & B Potential: 1 Single Family Res: 1

General Contractor

Contractor/Bldr Name: Polar Star Construction Contractor License #: CONG32904 Res Const Endorse #: RESR2019

Listing Terms Financing

Cash: 1 Conventional: 1 FHA: 1 VA Loan: 1

Exterior Finish

Other - See Remarks: 1

Heating

Natural Gas: 1

Topography

Gently Rolling: 1 Level: 1

Roof Type

Composition: 1 Shingle: 1

Construction Type

Wood Frame: 1

Foundation Type

Poured Concrete: 1 Quad-Lock: 1

View Type

Bay: 1 City Lights: 1 Inlet: 1 Mountains: 1 Ocean: 1

Wtrfrnt-Access Near

Ocean: 1

Garage Type

None: 1

Wtrfrnt-Frontage

None: 1

Carport Type

None: 1

Flooring

Vinyl: 1 Other: 1 See Remarks: 1

Floor Style

Two-Story Tradtnl: 1

Features-Interior

CO Detector(s): 1 Smoke Detector(s): 1 Washer &/Or Dryer: 1 Solid Surface Counter: 1

Features-Additional

Covenant/Restriction: 1 In City Limits: 1 View: 1

Water Source

Public: 1

Access Type

Government: 1 Maintained: 1

Mortgage Info

EM Minimum Deposit: 10000

Sewer Type

Public Sewer: 1

Docs Avl for Review

Docs Posted on MLS: 1

Location Legal and School Info

Area: 490 - Homer Street #: 1696 Street Name: Sterling Arterial: Highway Closest USPS Town: Homer State: AK Zip Code: 99603

Property Features

Residential Type: B & B Potential; Single Family Res Construction Type: Wood Frame Exterior Finish: Other - See Remarks Roof Type: Composition; Shingle Foundation Type: Poured Concrete; Quad-Lock Floor Style: Two-Story Tradtnl Garage Type: None Carport Type: None Heating: Natural Gas Sewer Type: Public Sewer Water Source: Public Features-Interior: CO Detector(s); Smoke Detector(s); Washer &/Or Dryer; Solid Surface Counter Flooring: Vinyl; Other; See Remarks Features-Additional: Covenant/Restriction; In City Limits; View Access Type: Government; Maintained View Type: Bay; City Lights; Inlet; Mountains; Ocean Topography: Gently Rolling; Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: Ocean Listing Terms Financing: Cash; Conventional; FHA; VA Loan Docs Avl for Review: Docs Posted on MLS

Documents

Listing Office: Sarah Beller Real Estate
IDX
Last Updated: August - 13 - 2025
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 the site owner are marked with 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. Site contains live data.