For sale

$259,000

40854 Ruth Way, Homer, AK 99603

1beds

672sqft

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Single Family Residence

Built in 2022

2.09 Acres Lot

$251,000 Zestimate^®

$385/sqft

$-- HOA

What's special

Cozy homePrivate acres

This adorable cottage is tucked away on just over 2 private acres, offering peace, privacy, and the perfect Alaska retreat - just 15 minutes from the Homer Spit. Featuring 1 bedroom and 1 bathroom, this cozy home is ideal for those seeking a simpler lifestyle or weekend getaway. With no CCRs, you'll enjoy the freedom to make the property your own.The home is served by a spring-fed water source, and a septic system will be installed with an acceptable offer.

17 days

1,207

92

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
3/4 bathrooms: 1

Heating

Fireplace(s), Floor Furnace, Oil, Other

Features

BR/BA Primary on Main Level
Flooring: Carpet
Windows: Window Coverings
Has basement: No
Has fireplace: Yes
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 672
Total interior livable area: 672 sqft

Property

Parking

Parking features: No Garage, No Carport

Features

Has view: Yes
View description: Territorial
Waterfront features: None, No Access

Lot

Size: 2.09 Acres
Topography: Level,Sloping

Details

Parcel number: 17352038
Zoning: UNZ
Zoning description: Not Zoned

Construction

Type & style

Home type: SingleFamily
Architectural style: Cabin,Ranch
Property subtype: Single Family Residence

Materials

Frame, Wood Siding
Foundation: Other
Roof: Asphalt

Condition

New construction: No
Year built: 2022

Utilities & green energy

Sewer: Septic Tank
Water: Spring

Community & HOA

Location

Region: Homer

Financial & listing details

Price per square foot: $385/sqft
Tax assessed value: $188,800
Annual tax amount: $1,863
Date on market: 5/29/2026

Estimated market value

$251,000

$238,000 - $264,000

$1,777/mo

Price history

Date	Event	Price
5/29/2026	Listed for sale	$259,000-13.4%$385/sqft
Source: AKMLS #26-6220 Report a problem
11/10/2025	Listing removed	$299,000$445/sqft
Source: AKMLS #24-12077 Report a problem
3/11/2025	Listed for sale	$299,000$445/sqft
Source: AKMLS #24-12077 Report a problem
3/1/2025	Listing removed	$299,000$445/sqft
Source: AKMLS #24-12077 Report a problem
9/18/2024	Listed for sale	$299,000+12.8%$445/sqft
Source: AKMLS #24-12077 Report a problem
5/7/2024	Listing removed	$265,000$394/sqft
Source: AKMLS #24-652 Report a problem
3/12/2024	Price change	$265,000-10.2%$394/sqft
Source: AKMLS #24-652 Report a problem
3/4/2024	Pending sale	$295,000$439/sqft
Source: AKMLS #24-652 Report a problem
1/20/2024	Listed for sale	$295,000$439/sqft
Source: AKMLS #24-652 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,863 -1.9%	$188,800 +7.5%
2024	$1,900 +11.8%	$175,600 +18.6%
2023	$1,699 +215.1%	$148,000 +223.9%
2022	$539 +8.6%	$45,700 +5.3%
2021	$497 +4.6%	$43,400
2020	$475	$43,400 -3.3%
2019	$475 -3.9%	$44,900
2018	$494	$44,900 +21%
2017	$494 +87.6%	$37,100 +10.4%
2016	$263	$33,600
2015	$263	$33,600
2014	$263	$33,600
2013	--	$33,600
2012	--	$33,600 +33.3%
2011	--	$25,200
2010	--	$25,200
2009	--	$25,200 +5.4%
2008	--	$23,900 +29.9%
2007	--	$18,400

Find assessor info on the county website

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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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