Beautiful 2280 sq. ft 3edroom, 2-bath home plus office, views!, high ceilings,southerly facing windows, almost 1/2 acr in town lot, newly painted . Includes 485 sq. ft. rental, currently rented for $1,200 p.m. Large intown lot, B&B potential. 2 bonus rooms in addition to the 3 bdrms. Legacy Inspection Report upon request.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.Two levels make it perfect to BnB one level and live on the second. 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. Currently $1200 p.mo. month to month tenancy. The cabin used to be a shop and barely used, and then the mom needed to be close by so it was turned into the cabin. The renovations were done for older people, the doors are all wheelchair width, and obviousely a ramp can be built to access the front door. There are handles in the bathroom for everything and other features that the big house does not have. Plus it has sprayed foam insulation, plus the Toyo heater, so its pretty darn cozy. A professional contractor built this cabin and was a stickler for detail. Don't miss this incredible opportunity to own a home with rental income in the 485 sq ft home currently rented on a month-to-month basis. Located in one of the most convenient locations in town, yet a nice quiet side street. Walk to stores in under 10 minutes.
Sold on 10/21/25
Price Unknown
468 Rainbow Ct, Homer, AK 99603
3beds
2,280sqft
Single Family Residence
Built in 1979
0.48 Acres Lot
$400,200 Zestimate®
$--/sqft
$2,598 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: October 21, 2025 at 05:12pm
Listed by:
Marjolein Cardon,
Homer Real Estate,
Margaux Sheppard,
Homer Real Estate
Bought with:
Max J Lowe
Homer Real Estate
Source: AKMLS,MLS#: 25-2486
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- 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 & neighborhood
Location
- Region: Homer