$1,400,000
1696 Sterling Highway, #A #B #1 #2
Homer, AK 99603
MLS# 24-7747
10 beds  |  8 baths  |  4628 sqft


1696 Sterling Highway
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Property Description
Discover an exceptional investment opportunity with these two newly constructed duplexes perched on Baycrest Hill, within the city limits of Homer. Each unit offers breathtaking views of the ocean, and the surrounding mountains, making this property as visually captivating as it is financially promising.

Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 1400000
Date-Listing: 2024-06-24
Status: Active
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1B - Kenai Peninsula Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Legal: Bidarki Creek Plat of L2A thru L5A L3A
School-Elementary: Paul Banks/Homer
School-Middle: Homer
School-High: Homer
Property Info
Realtor.com Type: Multi-Family
Construction Status: New - Construction Complete
Gen Contr/Owner Bldr: General Contractor
Bathrooms Half: 2
Bathrooms Three Quarter: 0
Bathrooms Full: 6
Bathrooms Total: 8
Bldgs-Ttl #: 2
Acres: 0.91
SF-Lot: 39639.6
Lot Area Source: Tax Authority
Zoning: RR - Rural Residential
Garage Spaces: 0
Carport Spaces: 0
Prkg Spcs: 8
Beds: 10
Year Built: 2024
SF-Res: 4628
Number of Units: 4
Directions and Remarks
Directions: From Sterling Highway coming into Homer, just past the Church, property is located just before the bottom of the hill, on the left.
Multi-Family Type
Duplex: 1
Side by Side: 1
General Contractor
Contractor/Bldr Name: Polar Star Construction
Contractor License #: CONG32904
Res Const Endorse #: RESR2019
Building Info
Builder Name & Co: Polar Star Construction
Units- # of 2 BR: 2
Units-# of 3 BR: 2
Listing Terms Financing
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Exterior Finish
Other - See Remarks: 1
Heating
Natural Gas: 1
Topography
Gently Rolling: 1
Level: 1
Roof Type
Composition: 1
Shingle: 1
Construction Type
Wood Frame: 1
Foundation Type
Poured Concrete: 1
Quad-Lock: 1
View Type
Bay: 1
City Lights: 1
Mountains: 1
Ocean: 1
Unobstructed: 1
Wtrfrnt-Access Near
Ocean: 1
Garage Type
None: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Flooring
Vinyl: 1
Sewer-Type
Public Sewer: 1
Water Source
Public: 1
Access Type
Government: 1
Paved: 1
Maintained: 1
Mortgage Info
EM Minimum Deposit: 10000
Features-MultiFamily
Covenants: 1
CO Detector(s): 1
In City Limits: 1
Smoke Detector(s): 1
Washer/Dryer: 1
Washer/Dryer HkUp: 1
Docs Avl for Review
Docs Posted on MLS: 1
Unit #1
Bath - Full: 2
Bedroom: 2
Dining Room: 1
Kitchen: 1
Living Room: 1
Primary Bedroom: 1
Utility Room: 1
Parking Spaces: 2
Unit #2
Bath - Full: 2
Bedroom: 2
Dining Room: 1
Kitchen: 1
Living Room: 1
Primary Bedroom: 1
Utility Room: 1
Parking Spaces: 2
Unit #3
Bath - Full: 1
Bath-Half: 1
Bedroom: 3
Dining Room: 1
Kitchen: 1
Living Room: 1
Primary Bedroom: 1
Utility Room: 1
Parking Spaces: 2
Unit #4
Bath - Full: 1
Bath-Half: 1
Bedroom: 3
Dining Room: 1
Kitchen: 1
Living Room: 1
Primary Bedroom: 1
Utility Room: 1
Parking Spaces: 2
Location Tax and Legal
Area: 490 - Homer
Street #: 1696
Street Name: Sterling
Arterial: Highway
Street Addl Info: #A #B #1 #2
Closest USPS Town: Homer
State: AK
Zip Code: 99603
Property Features
Multi-Family Type: Duplex; Side by Side
Exterior Finish: Other - See Remarks
Roof Type: Composition; Shingle
Foundation Type: Poured Concrete; Quad-Lock
Construction Type: Wood Frame
Garage Type: None
Carport Type: None
Heating: Natural Gas
Sewer-Type: Public Sewer
Water Source: Public
Access Type: Government; Paved; Maintained
View Type: Bay; City Lights; Mountains; Ocean; Unobstructed
Topography: Gently Rolling; Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: Ocean
Features-MultiFamily: Covenants; CO Detector(s); In City Limits; Smoke Detector(s); Washer/Dryer; Washer/Dryer HkUp
Flooring: Vinyl
Docs Avl for Review: Docs Posted on MLS
Listing Terms Financing: Cash; Conventional; FHA; VA Loan
Supplements
All four units are metered separately and connected to public water, sewer, and natural gas, allowing for easy management and potential rental income. Live in one unit and let the rental income from the other three cover your mortgage. With 8 dedicated parking spaces, ample amenities, and just minutes from the Homer Spit, this property is ideally positioned for residents or vacationers looking to experience the beauty of Homer. Key Features Include: Modern Finishes & Construction: Lifeproof smart siding, durable lifeproof vinyl flooring, and ICF (insulated concrete forms) foundation for energy efficiency. Thoughtfully Designed Interiors: Large open living spaces with spectacular views, butcher block breakfast bars, and quality Lifeproof finishes throughout. Convenience & Comfort: Each unit includes a washer and dryer, hot water on demand, and spacious layouts perfect for modern living. Details by Building: Building 1 (Units A & B): Concrete slab foundation. Building 2 (Units 1 & 2): Built on a durable ICF foundation. With stunning views, high-quality finishes, and strong income potential, these duplexes offer the best of Homer living and a rewarding investment. Don't miss the chance to own a prime piece of Alaskan real estate with unmatched appeal and flexibility!

IDX
Listing Office: Sarah Beller Real Estate

Last Updated: August - 13 - 2025

The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.