For sale

Price cut: $55K (6/19)

$1,295,000

1149 Virginia Lynn Way, Homer, AK 99603

6beds

3,600sqft

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Multi Family

Built in 2023

-- sqft lot

$1,244,100 Zestimate^®

$360/sqft

$-- HOA

What's special

Your ''Pot of Gold'' in the Cosmic Hamlet! Combine an idyllic Beluga Lake setting with a Kenai Mountain backdrop and downtown Homer convenience. Each unit is styled with a refreshingly unique Alaska / Nordic theme. Cozy and desirable with thoughtful functionality throughout. This complex exudes potential for short or longer term rentals. Let this be your rainbow!

62 days

368

12

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 6
Full bathrooms: 6

Heating

Natural Gas

Appliances

Included: Washer/Dryer

Features

Flooring: Carpet, Laminate
Has basement: No

Interior area

Total structure area: 3,600
Total interior livable area: 3,600 sqft

Property

Parking

Parking features: No Garage

Features

Has view: Yes
View description: Bay, Lake, Mountain(s)
Has water view: Yes
Water view: Bay,Lake
Waterfront features: Bay Access, Inlet Access, Lake Privileges, Slough/Estuary Access, None

Lot

Size: 0.34 Acres
Topography: Sloping

Details

Parcel number: 17913304
Zoning: UR
Zoning description: Urban Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Metal, Wood Siding, Wood Frame - 2x6
Foundation: Pillar/Post/Pier
Roof: Metal

Condition

New construction: No
Year built: 2023

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Homer

Financial & listing details

Price per square foot: $360/sqft
Tax assessed value: $361,800
Annual tax amount: $3,549
Date on market: 5/22/2026
Road surface type: Gravel

Estimated market value

$1,244,100

$1.18M - $1.31M

$2,586/mo

Price history

Date	Event	Price
6/19/2026	Price change	$1,295,000-4.1%$360/sqft
Source: AKMLS #26-5818 Report a problem
5/22/2026	Listed for sale	$1,350,000$375/sqft
Source: AKMLS #26-5818 Report a problem
5/4/2026	Listing removed	$2,000$1/sqft
Source: Zillow Rentals Report a problem
3/23/2026	Listed for rent	$2,000-9.1%$1/sqft
Source: Zillow Rentals Report a problem
1/1/2026	Listing removed	$2,200$1/sqft
Source: Zillow Rentals Report a problem
10/10/2025	Listed for rent	$2,200+22.2%$1/sqft
Source: Zillow Rentals Report a problem
8/30/2025	Listing removed	$1,800$1/sqft
Source: Zillow Rentals Report a problem
8/1/2025	Listed for rent	$1,800$1/sqft
Source: Zillow Rentals Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,549 +163.7%	$361,800 +175.8%
2024	$1,346 +284%	$131,200 +308.7%
2023	$351 +23.8%	$32,100 +27.4%
2022	$283 +178.2%	$25,200 +183.1%
2021	$102	$8,900
2020	$102	$8,900
2019	$102 -0.5%	$8,900 +2.3%
2018	$102 +2.3%	$8,700 -22.3%
2017	$100 -35.4%	$11,200 -31.7%
2016	$155	$16,400
2015	$155	$16,400
2014	$155	$16,400
2013	--	$16,400
2012	--	$16,400 +19.7%
2011	--	$13,700
2010	--	$13,700
2009	--	$13,700 +5.4%
2008	--	$13,000 +30%
2007	--	$10,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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