$865,000
40424 Gruening Street
Homer, AK 99603
MLS# 26-8688
5 beds  |  4 baths  |  2606 sqft


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Property Description
Panoramic Glacier & Bay Views That Will Take Your Breath Away! As you wind your way up scenic Panorama Drive, you'll feel like you can almost reach out and touch the glacier. Perched on 3.07 private acres, this exceptional property boasts one of the most spectacular, completely unobstructed views of Kachemak Bay, the glaciers, mountains, and surrounding wilderness that Homer has to offer.

Details
Maps
Documents
Location, Legal, and School Info
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1B - Kenai Peninsula Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Tax ID: 17415015
School-Elementary: Paul Banks/Homer
School-Middle: Homer
School-High: Homer
Legal: GRUENING VISTA SUB TRACT 11
Contract Info
Foreclosure/Bank Own: No
Price-List: 865000
Date-Listing: 2026-07-14
Status: Active
Property Info
Realtor.com Type: Residential - Single Family
Construction Status: Existing Structure
Property Attached/Common Walls: No
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 4
Bathrooms Total: 4
Acres: 3.07
SF-Lot: 133729.2
Lot Area Source: Tax Authority
Zoning: UNZ - Not Zoned
Garage Spaces: 2
SF-Gar: 543
Carport Spaces: 0
Beds: 5
SF-Res: 2606
Year Built: 1992
Remarks and Directions
Directions: East Hill to Skyline. Turn rt to Gruening. Turn rt to Panorama Dr. Turn left, home at end on right.
Residential Type
B & B Potential: 1
Single Family Res: 1
Miscellaneous
Basement Status: Finished
Association Info
Association Name: Gruening Vista
Dues-Frequency: Yearly
Listing Terms Financing
AHFC: 1
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Exterior Finish
Wood: 1
Heating
Kerosene: 1
Oil: 1
Wood: 1
Wood Stove: 1
Topography
Gently Rolling: 1
Level: 1
Roof Type
Metal: 1
Construction Type
Wood Frame - 2x6: 1
Foundation Type
Block: 1
View Type
Bay: 1
Glacier: 1
Mountains: 1
Ocean: 1
Spit: 1
Unobstructed: 1
Wtrfrnt-Access Near
None: 1
Garage Type
Attached: 1
Detached: 1
Heated: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Flooring
Carpet: 1
Floor Style
Two-Story Tradtnl: 1
Features-Interior
Arctic Entry: 1
Basement: 1
BR/BA on Main Level: 1
BR/BA Primary on Main Level: 1
Ceiling Fan(s): 1
CO Detector(s): 1
Electric: 1
Family Room: 1
Smoke Detector(s): 1
Vaulted Ceiling(s): 1
Washer &/Or Dryer Hookup: 1
Appliances
Range: 1
Oven: 1
Microwave: 1
Refrigerator: 1
Dishwasher: 1
Water Heater: 1
Features-Additional
Barn/Shop: 1
Covenant/Restriction: 1
Fire Service Area: 1
Garage Door Opener: 1
Home Owner Assoc.: 1
Road Service Area: 1
RV Parking: 1
Storage: 1
View: 1
Water Source
Private: 1
Well: 1
Access Type
Government: 1
Maintained: 1
Dining Room Type
Area: 1
Sewer Type
Septic Tank: 1
Docs Avl for Review
Docs Posted on MLS: 1
Location Legal and School Info
Area: 488 - Diamond Ridge/Skyline
Street #: 40424
Street Name: Gruening
Arterial: Street
Closest USPS Town: Homer
State: AK
Zip Code: 99603
Property Features
Residential Type: B & B Potential; Single Family Res
Construction Type: Wood Frame - 2x6
Exterior Finish: Wood
Roof Type: Metal
Foundation Type: Block
Floor Style: Two-Story Tradtnl
Garage Type: Attached; Detached; Heated
Carport Type: None
Heating: Kerosene; Oil; Wood; Wood Stove
Sewer Type: Septic Tank
Water Source: Private; Well
Dining Room Type: Area
Features-Interior: Arctic Entry; Basement; BR/BA on Main Level; BR/BA Primary on Main Level; Ceiling Fan(s); CO Detector(s); Electric; Family Room; Smoke Detector(s); Vaulted Ceiling(s); Washer &/Or Dryer Hookup
Appliances: Range; Oven; Microwave; Refrigerator; Dishwasher; Water Heater
Flooring: Carpet
Features-Additional: Barn/Shop; Covenant/Restriction; Fire Service Area; Garage Door Opener; Home Owner Assoc.; Road Service Area; Storage; View; RV Parking
Access Type: Government; Maintained
View Type: Bay; Glacier; Mountains; Ocean; Spit; Unobstructed
Topography: Gently Rolling; Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Listing Terms Financing: AHFC; Cash; Conventional; FHA; VA Loan
Docs Avl for Review: Docs Posted on MLS
Supplements
Designed to showcase the incredible scenery, the home features 4 spacious bedrooms and 3 full bathrooms, with large private bedrooms and an open-concept living, dining, and kitchen area framed by walls of windows that capture the ever-changing beauty of the bay. Whether you're enjoying your morning coffee or watching the sunset, the views are unforgettable. Formerly a highly successful Bed & Breakfast, this property offers endless possibilities as a private residence, vacation home, or income-producing retreat. Recent improvements include a fully finished basement, adding valuable living space with a generous family room, as well as a new 896-square-foot detached garage perfect for vehicles, recreational toys, hobbies, or a workshop. A spacious utility area and an attached garage provide even more functionality. Adding to the property's unique charm is a one-of-a-kind igloo, creating a memorable gathering space or conversation piece unlike anything else. If you've been searching for privacy, acreage, incredible views, and a home with exceptional versatility, this is a rare opportunity to own one of Homer's most remarkable view properties. Experience Alaska at its finest--where every day begins and ends with a postcard-worthy panorama.

IDX
Listing Office: Berkshire Hathaway HomeServices Alaska Realty

Last Updated: July - 15 - 2026

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.