Skip To Content

40035 Fernwood Drive

Homer, AK 99603
  • $525,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 26-1609
UPDATED: 18 min ago
$525,000
  • 5
    BEDS
  • 1.08
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 2,305
    SQFT
  • $228
    $/SQFT
Type:
Multi-Family
Built:
1959

School Information

Elementary School:
Middle School:
High School:

Description

Homer Bench property with expansive views of Kachemak Bay. Includes a 3-bed, 1.5-bath main home (1,421 sqft) plus detached 2-bed, 1-bath unit (884 sqft) above a heated 2-car garage. Currently, two separate long-term rentals; tenants pay utilities = low operating costs. Instant cash flow + room for growth. Options abound including owner occupancy, multi-generational living, or investment. Perched on the Homer Bench with wide-open views of the Homer Spit, Kachemak Bay, and the surrounding mountains and glaciers, this property offers a rare mix of scenery and flexibility. The setup includes two separate living spaces: a 3-bedroom, 1.5-bath main home and an apartment over a large two-car garage. Both units have been rented long term, with tenants paying their own utilities, keeping operating costs low. One unit will be available in the coming months, making this a strong option for an owner-occupant who wants help offsetting expenses, or for someone continuing it as a long-term rental property. The garage provides generous storage or parking, with additional on-site parking available. This is a location people actively look for paired with a property that offers real-world flexibility for how you live or invest in Homer.

Monthly Payment Calculator

Alaska MLS logo DISCLAIMER: 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 Team Dimmick | Keller Williams Realty Alaska Group are marked with either the listing brokerage's logo or 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. Listing information was last updated on: 2026-04-20T22:36:33.84.

www.teamdimmick.com/homes/173238103
Print Image

40035 Fernwood Drive Homer, AK 99603

  • Price: $525,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 18 min ago
  • MLS #: 26-1609
5
Beds
2
Baths
1
½ Baths
1.08
Acres
2,305
SQFT
$228
$/SQFT
1959
Built
Neighborhood:
Kachemak City/Fritz Creek
Area:
Kachemak City/Fritz Creek
Elementary School:
Paul Banks/Homer
Middle School:
Homer
High School:
Homer
Property Description
Homer Bench property with expansive views of Kachemak Bay. Includes a 3-bed, 1.5-bath main home (1,421 sqft) plus detached 2-bed, 1-bath unit (884 sqft) above a heated 2-car garage. Currently, two separate long-term rentals; tenants pay utilities = low operating costs. Instant cash flow + room for growth. Options abound including owner occupancy, multi-generational living, or investment. Perched on the Homer Bench with wide-open views of the Homer Spit, Kachemak Bay, and the surrounding mountains and glaciers, this property offers a rare mix of scenery and flexibility. The setup includes two separate living spaces: a 3-bedroom, 1.5-bath main home and an apartment over a large two-car garage. Both units have been rented long term, with tenants paying their own utilities, keeping operating costs low. One unit will be available in the coming months, making this a strong option for an owner-occupant who wants help offsetting expenses, or for someone continuing it as a long-term rental property. The garage provides generous storage or parking, with additional on-site parking available. This is a location people actively look for paired with a property that offers real-world flexibility for how you live or invest in Homer.
Exterior Features

Attached Garage YN No Carport Spaces 0 Foundation Details Slab Open Parking Spaces 4 Parking Features HeatedTuck Under Roof Metal

Interior Features

Flooring [] Heating Baseboard Yes Heating Oil Yes Heating Wood Stove Yes Living Area 2305 Mf Features Washer Dryer Hk Up Yes Unit Num1 Bath Full 1 Unit Num2 Bath Full 1 Unit Num2 Bedroom 2

Property Features

Construction Materials BlockWood Frame Foreclosure Bank Own No Frontage Type [] Lot Features Sloping Mf Features Shed Yes MLSArea Major 1B - Kenai Peninsula Borough New Construction YN No Other Structures Shed Property Info Construction Status Existing Structure Property Info Prkg Spcs 4 Road Surface Type GravelMaintained Security Features Smoke Detector(s) Sewer Septic Tank View BayGlacierOceanUnobstructed Zoning UNZ - Not Zoned

Alaska MLS logo Listing Office Story Real Estate: 907-226-3933. Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved.
Alaska MLS logo DISCLAIMER: 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 Team Dimmick | Keller Williams Realty Alaska Group are marked with either the listing brokerage's logo or 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. Listing information was last updated on: 2026-04-20T22:36:33.84.

 
https://bt-photos.global.ssl.fastly.net/alaska/orig_boomver_1_26-1609-2.jpg https://bt-photos.global.ssl.fastly.net/alaska/orig_boomver_1_26-1609-2.jpg https://bt-photos.global.ssl.fastly.net/alaska/orig_boomver_1_26-1609-2.jpg
Logo
Team Dimmick | Keller Williams Realty Alaska Group
1400 W Benson Blvd Suite 370
Anchorage AK, 99503