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For sale
  • $875,000

    725 Sterling Hwy, Homer, AK 99603

    1beds
    1,340sqft
    : 
    $5,303/mo
    Get pre-qualified
    Single Family Residence
    Built in 2014
    1.66 Acres Lot
    $826,200 Zestimate®
    $653/sqft
    $-- HOA

    What's special

    Welcome to one of the most unique properties at the gateway to Homer! Situated on 1.66 acres on the bluff, this iconic property offers unobstructed views of Kachemak Bay and the surrounding mountains, along with incredible visibility along the Sterling Highway as you drive into town.Formerly operated as a restaurant with a convenient drive-thru, the property presents a rare opportunityfor commercial, residential, or mixed-use potential. The charming lighthouse feature creates a memorable landmark and adds character that draws attention from locals and visitors alike. Inside, the space can continue as a food service or retail operation, or be reimagined as a comfortable bluff-top residence with panoramic views. With ample parking and excellent highway frontage, the property offers exceptional exposure for a business while still providing the privacy and scenery of a bluff property. The 1.66-acre lot provides room to expand, build additional structures, or create a private retreat, all while enjoying sweeping vistas of the bay, glaciers, and mountains. Whether you're looking for a high-visibility business location, an iconic Homer landmark, or a one-of-a-kind home overlooking the bay, this property offers endless possibilities in an unbeatable location. Opportunities like this at the entrance to Homer rarely come available.
    146 days
    |
    389
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Gina Pelaia,

    Berkshire Hathaway HomeServices Alaska Realty

    Source: AKMLS,MLS#: 26-2073MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Heating
      • Floor Furnace, Natural Gas
      Features
      • BR/BA on Main Level
      • Flooring: Carpet
      • Has basement: No
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 1,340
      • Total interior livable area: 1,340 sqft

      Property

      Parking
      • Parking features: RV Access/Parking, No Garage, No Carport
      Features
      • Has view: Yes
      • View description: Bay, Glacier, Mountain(s), Ocean, Unobstructed
      • Has water view: Yes
      • Water view: Bay,Ocean
      • Waterfront features: Waterfront, Bay/Harbor, Inlet, No Access
      • Body of water: Kachemak Bay
      Lot
      • Size: 1.66 Acres
      • Features: Fire Service Area, City Lot, Road Service Area, Views
      • Topography: Bluff,Gently Rolling,Level
      Details
      • Parcel number: 17510071
      • Zoning: RMKS
      • Zoning description: See Remarks

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cabin,Ranch
      • Property subtype: Single Family Residence
      Materials
      • Frame, Wood Frame - 2x4, Wood Frame - 2x6, Wood Siding
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2014

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electric

      Community & HOA

      Location
      • Region: Homer

      Financial & listing details

      • Price per square foot: $653/sqft
      • Tax assessed value: $395,400
      • Annual tax amount: $3,879
      • Date on market: 3/5/2026

        Estimated market value

        $826,200

        $785,000 - $868,000

        $2,213/mo

        Price history

        DateEventPrice
        3/5/2026Listed for sale$875,000$653/sqft
        Source: AKMLS #26-2073 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,879 -2.9%$395,400 +1.6%
        2024$3,993 -4.3%$389,200 +1.9%
        2023$4,173 +2.9%$382,100 +5.9%
        2022$4,055 +7.2%$360,800 +9.1%
        2021$3,782 +0.5%$330,600 +0.5%
        2020$3,764 $329,000 -1.6%
        2019$3,764 -2.2%$334,500 +0.7%
        2018$3,847 +0.7%$332,300 +1.5%
        2017$3,821 +253%$327,300 +0.6%
        2016$1,083 $325,200 +26.1%
        2015$1,083 $257,900 +106.3%
        2014$1,083 $125,000
        2013-- $125,000
        2012-- $125,000 +30.5%
        2011-- $95,800
        2010-- $95,800
        2009-- $95,800 +5.4%
        2008-- $90,900 +30%
        2007-- $69,900
        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

        37 / 100
        Car-Dependent
        22 / 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.

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