Beautiful 4-bedroom, 2-bath home, open floor plan, high ceilings,southerly facing windows,oversized in town lot, newly painted and investment potential. and includes a separate 485 sq. ft. rental cabin/home, currently re nted for additional income. Bedroom/bath plus second living room on the ground floor. Save your gasoline and walk to stores and schools. Love living here!!! Step outside onto the expansive deck, perfect for relaxing, dining, or enjoying the serene surroundings. The huge basement provides endless possibilities whether you need extra storage, a home gym, or potential for additional living space. Outside, the generous lot offers ample space for gardening, play, or future expansion. The rental cabin adds incredible value, whether as a steady income stream or a private guest retreat. Don't miss this incredible opportunity to own a home with built-in rental income in one of the most convenient locations in town! Closing/recording is subject to completion of the Probate process. Almost complete!!! Motivated seller!
For sale
Price cut: $24K (6/5)
$475,000
468 Rainbow Ct, Homer, AK 99603
4beds
2,280sqft
Est.:
Single Family Residence
Built in 1979
0.48 Acres Lot
$469,500 Zestimate®
$208/sqft
$-- HOA
What's special
- 97 days
- on Zillow |
- 305 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: June 05, 2025 at 01:03pm
Listed by:
Marjolein Cardon,
Homer Real Estate,
Margaux Sheppard,
Homer Real Estate
Source: AKMLS,MLS#: 25-2486

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Oil, Wood Stove
Features
- BR/BA on Main Level, BR/BA Primary on Main Level
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Wood Burning Stove
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,280
- Total interior livable area: 2,280 sqft
Property
Parking
- Parking features: No Garage, No Carport
Features
- Levels: Two
- Stories: 2
- Waterfront features: None, No Access
Lot
- Size: 0.48 Acres
- Topography: Level
Details
- Parcel number: 17704023
- Zoning: RR
- Zoning description: Rural Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Frame - 2x6, Wood Siding
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Homer
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $409,800
- Annual tax amount: $1,424
- Date on market: 3/11/2025
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