Skip main navigation
Pending
  • $1,700,000

    40523 Summer Star Rd, Homer, AK 99603

    5beds
    3,559sqft
    : 
    $9,869/mo
    Get pre-qualified
    Single Family Residence
    Built in 2021
    1.21 Acres Lot
    $1,658,900 Zestimate®
    $478/sqft
    $-- HOA

    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.
    24 days
    |
    2,357
    |
    159
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Valerie Buss,

    Kachemak Real Estate Group Real Broker,

    Becky Turkington,

    Kachemak Real Estate Group Real Broker

    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

      • Price per square foot: $478/sqft
      • Tax assessed value: $1,264,100
      • Annual tax amount: $8,925
      • Date on market: 7/13/2026
      • Road surface type: Gravel

        Estimated market value

        $1,658,900

        $1.58M - $1.74M

        $4,668/mo

        Price history

        DateEventPrice
        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

        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

        3 / 100
        Car-Dependent
        21 / 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.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes