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For sale
  • Price cut: $15K (7/31)
    $850,000

    40424 Gruening St, Homer, AK 99603

    5beds
    2,606sqft
    : 
    $5,151/mo
    Get pre-qualified
    Single Family Residence
    Built in 1992
    3.07 Acres Lot
    $819,700 Zestimate®
    $326/sqft
    $-- HOA

    What's special

    Postcard-worthy panoramaGenerous family roomLarge private bedroomsSpacious utility area
    Panoramic Glacier & Bay Views That Will Take Your Breath Away! As you wind your way up scenic Panorama Drive, you'll feel like you can almost reach out and touch the glacier. Perched on 3.07 private acres, this exceptional property boasts one of the most spectacular, completely unobstructed views of Kachemak Bay, the glaciers, mountains, and surrounding wilderness that Homer has to offer.Designed to showcase the incredible scenery, the home features 4 spacious bedrooms and 3 full bathrooms, with large private bedrooms and an open-concept living, dining, and kitchen area framed by walls of windows that capture the ever-changing beauty of the bay. Whether you're enjoying your morning coffee or watching the sunset, the views are unforgettable. Formerly a highly successful Bed & Breakfast, this property offers endless possibilities as a private residence, vacation home, or income-producing retreat. Recent improvements include a fully finished basement, adding valuable living space with a generous family room, as well as a new 896-square-foot detached garage perfect for vehicles, recreational toys, hobbies, or a workshop. A spacious utility area and an attached garage provide even more functionality. Adding to the property's unique charm is a one-of-a-kind igloo, creating a memorable gathering space or conversation piece unlike anything else. If you've been searching for privacy, acreage, incredible views, and a home with exceptional versatility, this is a rare opportunity to own one of Homer's most remarkable view properties. Experience Alaska at its finest--where every day begins and ends with a postcard-worthy panorama.
    26 days
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    723
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    44
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    Zillow last checked:

    Listing updated:

    Listed by:

    Gina Pelaia,

    Berkshire Hathaway HomeServices Alaska Realty

    Source: AKMLS,MLS#: 26-8688MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Kerosene, Oil, Wood, Wood Stove
      Appliances
      • Laundry: Washer &/Or Dryer Hookup
      Features
      • Arctic Entry, Basement, BR/BA on Main Level, BR/BA Primary on Main Level, Ceiling Fan(s), Family Room, Vaulted Ceiling(s), Storage
      • Flooring: Carpet
      • Basement: Finished
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 2,606
      • Total interior livable area: 2,606 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage Door Opener, RV Access/Parking, Attached, Detached, Heated Garage, No Carport
      • Attached garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Has view: Yes
      • View description: Bay, Glacier, Mountain(s), Ocean, Spit, Unobstructed
      • Has water view: Yes
      • Water view: Bay,Ocean,Spit
      • Waterfront features: None, No Access
      Lot
      • Size: 3.07 Acres
      • Features: Covenant/Restriction, Fire Service Area, Road Service Area, Views
      • Topography: Gently Rolling,Level
      Details
      • Additional structures: Barn/Shop
      • Parcel number: 17415015
      • Zoning: UNZ
      • Zoning description: Not Zoned

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame - 2x6, Wood Siding
      • Foundation: Block
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1992

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private, Well
      • Utilities for property: Electric

      Community & HOA

      HOA
      • Has HOA: Yes
      Location
      • Region: Homer

      Financial & listing details

      • Price per square foot: $326/sqft
      • Tax assessed value: $556,000
      • Annual tax amount: $2,033
      • Date on market: 7/14/2026

        Estimated market value

        $819,700

        $779,000 - $861,000

        $3,472/mo

        Price history

        DateEventPrice
        7/31/2026Price change$850,000-1.7%$326/sqft
        Source: AKMLS #26-8688 Report a problem
        7/14/2026Listed for sale$865,000$332/sqft
        Source: AKMLS #26-8688 Report a problem
        12/20/2013Sold--
        Source: AKMLS #13-8276 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,033 +24.6%$556,000 +11%
        2024$1,632 +38.4%$500,800 +10.6%
        2023$1,179 -40.7%$452,700 +3.5%
        2022$1,988 +7.4%$437,200 +3.1%
        2021$1,851 -2.5%$424,000 -5.3%
        2020$1,899 $447,500 +6.7%
        2019$1,899 +8.2%$419,400 +3.3%
        2018$1,755 -55.2%$405,900 +0.4%
        2017$3,915 +228.3%$404,300 +27.9%
        2016$1,192 $316,100 +10.9%
        2015$1,192 $285,100 -0.3%
        2014$1,192 $286,100 -4.8%
        2013-- $300,400 -5.9%
        2012-- $319,100 +9.4%
        2011-- $291,600 -0.9%
        2010-- $294,100 +0.2%
        2009-- $293,400 -0.7%
        2008-- $295,600 +7.1%
        2007-- $276,000 +4.9%
        2006-- $263,100 +45.7%
        2005-- $180,600
        2004-- --
        2003-- --
        2002-- --
        2001-- --
        2000-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 99603

        Getting around

        0 / 100
        Car-Dependent
        1 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Paul Banks/Homer
        • Middle: Homer
        • High: Homer

        Source: AKMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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