54532 Pheasant Avenue, Homer, AK 99603 (MLS# 25-2208)
$1,585,000
Homer, AK 99603
MLS# 25-2208
10 beds | 8 baths | 5779 sqft
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Property Description
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.
Details
Maps
Documents
Location Legal and School Info
Area: 492 - Kachemak City/Fritz Creek
Street #: 54532
Street Name: Pheasant
Arterial: Avenue
Closest USPS Town: Homer
State: AK
Zip Code: 99603
Contract Info
Price-List: 1585000
Date-Listing: 2025-03-05
Status: Active
Foreclosure/Bank Own: No
Property Info
Realtor.com Type: Residential - Single Family
Property Attached/Common Walls: No
Construction Status: Existing Structure
Beds: 10
Bathrooms Full: 8
Bathrooms Total: 8
SF-Res: 5779
Year Built: 1999
Year Remodeled: 2023
Year Updated: 2023
SF-Lot: 94525
Lot Area Source: Tax Authority
Acres: 2.17
Zoning: UNZ - Not Zoned
Remarks and Directions
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.
Property Features
Residential Type: B & B Potential
Construction Type: Log
Exterior Finish: Log
Roof Type: Metal
Foundation Type: Poured Concrete; Unknown - BTV
Floor Style: Cabin; Chalet/A-Frame; Log
Garage Type: None
Carport Type: None
Heating: Forced Air; Kerosene; Oil; Propane
Sewer Type: Septic Tank
Water Source: Hold Tank; Well
Dining Room Type: Area
Features-Interior: BR/BA on Main Level; Dishwasher; Gas Cooktop; Washer &/Or Dryer Hookup
Flooring: Luxury Vinyl
Features-Additional: Covenant/Restriction; Deck/Patio; Road Service Area; View
Access Type: Dedicated Road; Gravel; Maintained
View Type: Bay; Glacier; Mountains; Ocean; Spit
Topography: Gently Rolling
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Listing Terms Financing: Cash; Conventional; FHA
Supplements
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
Septic Asbuilt 
Listing Office: Kachemak Keller Williams Realty Alaska Group
Last Updated: March - 06 - 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.