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    40523 Summer Star Rd, Homer, AK 99603

    5beds
    3,559sqft
    Single Family Residence
    Built in 2021
    1.21 Acres Lot
    $1,600,400 Zestimate®
    $--/sqft
    $4,677 Estimated rent

    Home value

    $1,600,400

    $1.49M - $1.73M

    $4,677/mo

    Zestimate® history
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    What's special

    Split-level layoutIncredible gas fireplaceLarge manicured lawnLarge windowsHigh-end appliancesNatural lightFull-size windows
    Luxury living in one of Homer's most desirable neighborhoods. Set on a large lot and positioned to capture sweeping views from every room, this exceptional home offers privacy, quality, and a thoughtful design rarely found in the local market. Floor-to-ceiling windows frame Kachemak Bay, the Kenai Mountains, glaciers, Homer Spit, and the surrounding landscape, bringing natural light and views intonearly every space. Upon entry, the home opens into a split-level layout that immediately showcases the scale, light, and setting of the property. The main level is designed for everyday living, with the kitchen, dining area, living room, primary suite, and office all thoughtfully placed on one level. The main living area features dramatic ceilings, large windows, an incredible gas fireplace, and direct access to the large southern-facing deck, making the most of the home's setting. The kitchen pairs clean design with quality finishes, featuring high-end appliances, a large island and natural light, keeping the space connected to the views. The primary suite offers you your own private retreat with unobstructed views, a private deck, and a spacious ensuite and sauna. The lower level adds significant living space, including a large second living area, a walkout basement, and three additional bedrooms. With full-size windows, incredible views, and direct access to the outdoors, this level feels open, comfortable, and connected to the setting. It is ideal for guests, family, entertaining, or flexible use. The property also features a large, manicured lawn with a pond, mini orchard and fenced garden, beautiful landscaping and established perennials. Located in a highly sought-after Homer neighborhood, this is one of the area's most distinctive luxury properties - offering space, privacy, views, and a level of quality that sets it apart.

    Zillow last checked:

    Listing updated:

    Listed by:

    Valerie Buss,

    Kachemak Real Estate Group Real Broker,

    Becky Turkington,

    Kachemak Real Estate Group Real Broker

    Bought with:

    Debra K Leisek

    Bay Realty

    Claire Kiesel

    Bay Realty

    Source: AKMLS,MLS#: 26-8649MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Natural Gas, Radiant Floor
    Features
    • BR/BA Primary on Main Level, Family Room, Sauna, Soaking Tub, Vaulted Ceiling(s)
    • Has basement: No
    • Has fireplace: Yes
    • Fireplace features: Gas
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 3,559
    • Total interior livable area: 3,559 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Paved, Attached, No Carport
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Levels: Multi/Split
    • 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: 1.21 Acres
    • Features: Horse Property
    Details
    • Parcel number: 17406325
    • Zoning: UNZ
    • Zoning description: Not Zoned
    • Horses can be raised: Yes

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame - 2x6, Wood Frame - 2x8
    • Foundation: Concrete Perimeter
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 2021
    Details
    • Builder name: Beachy Construction

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Cistern

    Community & HOA

    Location
    • Region: Homer

    Financial & listing details

    • Tax assessed value: $1,264,100
    • Annual tax amount: $8,925
    • Date on market: 7/13/2026
    • Road surface type: Gravel

    Price history

    DateEventPrice
    9/11/2026Sold--
    Source: AKMLS #26-8649 Report a problem
    7/26/2026Pending sale$1,700,000$478/sqft
    Source: AKMLS #26-8649 Report a problem
    7/13/2026Listed for sale$1,700,000$478/sqft
    Source: AKMLS #26-8649 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,925 +9%$1,264,100 +15.9%
    2024$8,188 +11.7%$1,090,300 +17.8%
    2023$7,332 -4.4%$925,700 +5.5%
    2022$7,672 +511.2%$877,800 +525.2%
    2021$1,255 +49.7%$140,400 +49.7%
    2020$839 $93,800
    2019$839 $93,800
    Find assessor info on the county website

    Neighborhood: 99603

    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.