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
For sale
$1,585,000
54532 Pheasant Ave, Homer, AK 99603
10beds
5,779sqft
Est.:
Single Family Residence
Built in 1999
2.17 Acres Lot
$1,483,200 Zestimate®
$274/sqft
$-- HOA
What's special
Warm propane fireplacesVaulted ceilingsDuplex-style log chaletsOwn kitchenStandalone private cabins
- 60 days
- on Zillow |
- 453 |
- 39 |
Zillow last checked: 7 hours ago
Listing updated: March 06, 2025 at 10:48am
Listed by:
Valerie Buss,
Kachemak Keller Williams Realty Alaska Group,
Becky Turkington,
Kachemak Keller Williams Realty Alaska Group
Source: AKMLS,MLS#: 25-2208

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Forced Air, Kerosene, Oil, Propane
Appliances
- Included: Dishwasher, Gas Cooktop
- Laundry: Washer &/Or Dryer Hookup
Features
- BR/BA on Main Level
- Flooring: Luxury Vinyl
- Has basement: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 5,779
- Total interior livable area: 5,779 sqft
Property
Parking
- Parking features: No Garage, No Carport
Features
- Patio & porch: Deck/Patio
- Has view: Yes
- View description: Bay, Glacier, Mountain(s), Ocean, Spit
- Has water view: Yes
- Water view: Bay,Ocean,Spit
- Waterfront features: None, No Access
Lot
- Size: 2.17 Acres
- Features: Covenant/Restriction, Road Service Area, Views
- Topography: Gently Rolling
Details
- Parcel number: 17213339
- Zoning: UNZ
- Zoning description: Not Zoned
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin,Chalet/A-Frame,Log
- Property subtype: Single Family Residence
Materials
- Log, Log Siding
- Foundation: Concrete Perimeter, Unknown - BTV
- Roof: Metal
Condition
- New construction: No
- Year built: 1999
- Major remodel year: 2023
Utilities & green energy
- Sewer: Septic Tank
- Water: Hold Tank, Well
Community & HOA
Location
- Region: Homer
Financial & listing details
- Price per square foot: $274/sqft
- Tax assessed value: $713,300
- Annual tax amount: $7,718
- Date on market: 3/5/2025
- Road surface type: Gravel
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