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For sale
  • Price cut: $1.3M (5/5)
    $5,495,000

    5260 Kachemak Dr, Homer, AK 99603

    7beds
    17,000sqft
    : 
    $34,346/mo
    Get pre-qualified
    Single Family Residence
    Built in 2011
    2.47 Acres Lot
    $4,905,500 Zestimate®
    $323/sqft
    $-- HOA

    What's special

    Water frontageBreathtaking panoramic viewsCharming candy shopSteam roomInfrared saunaTurkish bathPrivate spa wing
    Situated amidst the breathtaking wilderness of Alaska, Second Star is an architectural masterpiece that offers an unparalleled luxury experience on 2.5+/- acres of water frontage overlooking the pristine waters of Kachemak Bay. This magnificent 17,000+/- square-foot estate seamlessly blends elegant, high-end living with the raw, untamed beauty of the Last Frontier, making it one of Alaska's mostexclusive vacation destinations. The mansion boasts eight uniquely designed bedroom suites, each crafted to evoke a distinct and immersive ambiance, comfortably accommodating up to 30 guests. The top floor features an enchanting 2,000± square-foot replica of Peter Pan's Neverland, complete with a pirate ship, hidden nooks, and whimsical décor, offering a magical retreat for guests of all ages. Whether seeking relaxation, adventure, or both, Second Star provides an unforgettable escape unlike any other. The estate's world-class amenities set it apart as a true luxury retreat. The private spa wing includes a Turkish bath, indoor pool, infrared sauna, and steam room. A hidden passageway leads to a state-of-the-art theater and a charming candy shop. The expansive 3,000± square-foot deck offers breathtaking panoramic views of the Pacific Ocean, towering mountains, and ancient glaciers, making it a spectacular setting for intimate gatherings, corporate retreats, and grand celebrations. A gourmet kitchen designed to accommodate private chefs ensures a bespoke culinary experience for the most discerning palates. Operating as a highly successful luxury vacation rental, Second Star has built a prestigious reputation, attracting elite clientele from around the world seeking privacy, exclusivity, and adventure. The property's proven success, unmatched amenities, and breathtaking location make it an extraordinary investment opportunity. Embrace the chance to own Second Star, where luxury, adventure, and imagination converge in the heart of Alaska's awe-inspiring wilderness.
    490 days
    |
    2,963
    |
    124
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    Zillow last checked:

    Listing updated:

    Listed by:

    Yvan C Corbin,

    Real Broker Alaska,

    Luc Corbin,

    Real Broker Alaska

    Source: AKMLS,MLS#: 25-3110MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 12
      • Full bathrooms: 6
      • 3/4 bathrooms: 3
      • 1/2 bathrooms: 3
      Heating
      • Fireplace(s), Natural Gas, Radiant, Radiant Floor, Solar
      Appliances
      • Included: Washer &/Or Dryer
      • Laundry: Washer &/Or Dryer Hookup
      Features
      • Den &/Or Office, Family Room, Pantry, Sauna, Soaking Tub, Vaulted Ceiling(s)
      • Windows: Window Coverings
      • Has basement: No
      • Has fireplace: Yes
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 17,000
      • Total interior livable area: 17,000 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Garage Door Opener, Attached, No Carport
      • Attached garage spaces: 6
      Features
      • Patio & porch: Deck/Patio
      • Pool features: Swimming Pool
      • Has spa: Yes
      • Spa features: Bath
      • Has view: Yes
      • View description: Bay, City Lights, Glacier, Inlet, Mountain(s), Ocean, Spit, Unobstructed
      • Has water view: Yes
      • Water view: Bay,Inlet,Ocean,Spit
      • Waterfront features: Waterfront, Bay/Harbor, Inlet, Ocean Front, Bay Access, Ocean Access
      Lot
      • Size: 2.47 Acres
      • Features: Landscaped, Views
      Details
      • Parcel number: 17420118
      • Zoning: UNK
      • Zoning description: Unknown

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Frame
      • Foundation: Unknown - BTV
      • Roof: Composition,Shingle
      Condition
      • New construction: No
      • Year built: 2011

      Utilities & green energy

      • Sewer: Unknown
      • Water: Unknown-BTV
      • Utilities for property: Phone Connected

      Community & HOA

      Location
      • Region: Homer

      Financial & listing details

      • Price per square foot: $323/sqft
      • Tax assessed value: $4,658,300
      • Annual tax amount: $45,698
      • Date on market: 3/26/2025

        Estimated market value

        $4,905,500

        $4.61M - $5.20M

        $2,992/mo

        Price history

        DateEventPrice
        5/5/2026Price change$5,495,000-18.6%$323/sqft
        Source: AKMLS #25-3110 Report a problem
        8/21/2025Price change$6,750,000-28.9%$397/sqft
        Source: AKMLS #25-3110 Report a problem
        3/26/2025Listed for sale$9,500,000+11.8%$559/sqft
        Source: AKMLS #25-3110 Report a problem
        3/15/2024Listing removed$8,500,000$500/sqft
        Source: AKMLS #23-4395 Report a problem
        2/3/2024Pending sale$8,500,000$500/sqft
        Source: AKMLS #23-4395 Report a problem
        1/22/2024Listed for sale$8,500,000$500/sqft
        Source: AKMLS #23-4395 Report a problem
        1/3/2024Listing removed$8,500,000$500/sqft
        Source: AKMLS #23-4395 Report a problem
        5/1/2023Listed for sale$8,500,000$500/sqft
        Source: AKMLS #23-4395 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$45,698 +9.1%$4,658,300 +14.1%
        2024$41,900 +12.6%$4,083,800 +19.9%
        2023$37,209 +0.8%$3,407,400 +3.7%
        2022$36,929 +6.3%$3,285,500 +8.2%
        2021$34,735 +1.7%$3,036,300 +1.7%
        2020$34,163 $2,986,300 +1.8%
        2019$34,163 +1.3%$2,934,000 +11.3%
        2018$33,741 +11.3%$2,636,200 -4.1%
        2017$30,316 +707.8%$2,747,800 +18.7%
        2016$3,753 $2,314,000 +8.6%
        2015$3,753 $2,130,800 +8.8%
        2014$3,753 $1,958,100 +47%
        2013-- $1,331,800 +125.7%
        2012-- $590,100 +77.7%
        2011-- $332,100 -44%
        2010-- $592,700 -5%
        2009-- $624,000 +51.7%
        2008-- $411,300 +13.5%
        2007-- $362,300 +2%
        2006-- $355,100 +16.1%
        2005-- $305,900
        2004-- --
        2003-- --
        2002-- --
        2001-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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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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        Climate risks

        Neighborhood: 99603

        Getting around

        22 / 100
        Car-Dependent

        Nearby schools

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