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Lot/land
  • Price cut: $40K (7/31)
    $349,000

    41110 Sterling Hwy, Homer, AK 99603

    --beds
    --baths
    4.37Acres
    Unimproved Land
    Built in ----
    4.37 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Lily pondLarge gravel pad
    4 years of permitting and site work, already done. 4.37 acres on the Sterling Highway outside Homer, with approximately 650 feet of highway frontage and roughly 4,000 vehicles passing daily. Kenai Peninsula Borough -- no zoning. What gets built here is the owner's decision, not a planning department. Most of what makes a raw parcel slow and expensive is already finished, surveyed, and documentedENSTAR commercial natural gas -- permitted and engineered. Approved remote commercial meter set with rotary meter, underground distribution designed across the site with anodeless risers. Connection and final build remain. The permit alone took four years to secure. Commercial septic system, installed and as-built surveyed 325/400-amp electrical service installed by Shank Electric -- 200-amp extended to the end of the development pad, dedicated 100-amp service at each of ten sites 20' × 30' insulated water building with two 2,500-gallon cisterns, pressure and booster pumps, and a ten-outlet distribution manifold feeding 1" poly service lines -- winterized and ready to run CAT5 run to each site from a central modem Two gravel highway accesses and a large compacted gravel pad Pond frontage, with mature spruce along the eastern boundary Held as two adjoining tax parcels (2.501 and 1.871 acres), sold together -- giving the buyer natural flexibility to phase construction or hold one side while developing the other. With no zoning, the range of use is unusually wide: cabins or nightly rentals, RV park, boat and equipment storage, a contractor yard with highway frontage and heavy power already set, or highway retail. Architectural plans and 3D renderings for an eight-cabin resort with a 1,637 sq ft main building convey with the sale, along with the full documentation package: survey, ENSTAR gas engineering, septic as-built, and water system schematics.
    478 days
    |
    179
    |
    12
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jill Gunnerson,

    Homer Real Estate

    Source: AKMLS,MLS#: 25-3928MLS Logo

      Facts & features

      Interior

      Features
      • Has basement: No

      Property

      Parking
      • Parking features: Driveway, Gravel
      • Has uncovered spaces: Yes
      Features
      • Waterfront features: Ocean Access, None
      Lot
      • Size: 4.37 Acres
      • Features: Building Present, Fire Service Area, Multi-Family Ok, Road Service Area
      • Topography: Level
      Details
      • Parcel number: 17352003, 17352004
      • Zoning: UNZ
      • Zoning description: Not Zoned

      Utilities & green energy

      • Utilities for property: Electricity Connected, Natural Gas Connected, Pub Wtr-None, Septic - On Site, Septic-DEC Approval

      Community & HOA

      Location
      • Region: Homer

      Financial & listing details

      • Tax assessed value: $232,700
      • Annual tax amount: $2,297
      • Date on market: 4/11/2025
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,900/mo

        Price history

        DateEventPrice
        7/31/2026Price change$349,000-10.3%
        Source: AKMLS #25-3928 Report a problem
        7/17/2026Price change$389,000-2.5%
        Source: AKMLS #25-3928 Report a problem
        5/7/2026Listed for sale$399,000
        Source: AKMLS #25-3928 Report a problem
        4/11/2026Listing removed$399,000
        Source: AKMLS #25-3928 Report a problem
        7/21/2025Price change$399,000-3.9%
        Source: AKMLS #25-3928 Report a problem
        6/30/2025Price change$415,000-2.4%
        Source: AKMLS #25-3928 Report a problem
        4/11/2025Listed for sale$425,000-35.1%
        Source: AKMLS #25-3928 Report a problem
        11/13/2024Listing removed$655,000
        Source: AKMLS #22-15372 Report a problem
        7/12/2024Price change$655,000-4.4%
        Source: AKMLS #22-15372 Report a problem
        4/16/2024Price change$685,000-2%
        Source: AKMLS #22-15372 Report a problem
        7/31/2023Price change$699,000-6.8%
        Source: AKMLS #22-15372 Report a problem
        7/15/2023Price change$750,000-2.6%
        Source: AKMLS #22-15372 Report a problem
        7/7/2023Price change$770,000-1.9%
        Source: AKMLS #22-15466 Report a problem
        4/25/2023Price change$785,000-1.3%
        Source: AKMLS #22-15466 Report a problem
        11/28/2022Listed for sale$795,000+489.3%
        Source: AKMLS #22-15372 Report a problem
        10/5/2021Sold--
        Source: AKMLS #21-3768 Report a problem
        8/30/2021Pending sale$134,900
        Source: AKMLS #21-3768 Report a problem
        8/11/2021Listed for sale$134,900
        Source: AKMLS #21-3768 Report a problem
        6/16/2021Pending sale$134,900
        Source: AKMLS #21-3768 Report a problem
        3/22/2021Listed for sale$134,900-9.5%
        Source: AKMLS #21-3768 Report a problem
        6/8/2020Listing removed$149,000
        Source: Bay Realty #19-9486 Report a problem
        6/11/2019Listed for sale$149,000
        Source: Bay Realty #19-9486 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,297 -0.1%$232,700 +9.6%
        2024$2,298 -0.7%$212,400 +5.4%
        2023$2,313 +618%$201,500 +638.1%
        2022$322 +7.9%$27,300 +4.6%
        2021$299 +4.6%$26,100
        2020$286 $26,100 -3%
        2019$286 -3.5%$26,900
        2018$296 $26,900 -87%
        2017$296 -87.6%$207,100 +9%
        2016$2,395 $190,000 -14.5%
        2015$2,395 $222,200 -2.2%
        2014$2,395 $227,100
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        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
        15 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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