$550,000
Homer, AK 99603
MLS# 26-12317
2 beds | 4 baths | 1200 sqft

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Property Description
What if your next home came with a peony farm, guest cabin, large shop and a Kachemak Bay view? Set on 4.61 acres with mountain and water views, this one-of-a-kind property brings together a home, workspace, established growing infrastructure and a lifestyle that is uniquely Alaskan.
Details
Maps
Documents
Contract Info
Price-List: 550000
Concessions YN: No
Date-Listing: 2026-09-23
Status: Active
Foreclosure/Bank Own: No
Property Info
Realtor.com Type: Residential - Single Family
Property Attached/Common Walls: No
Construction Status: Existing Structure
Beds: 2
Bathrooms Half: 2
Bathrooms Three Quarter: 2
Bathrooms Total: 4
SF-Res: 1200
Year Built: 2017
Garage Spaces: 1
SF-Gar: 600
SF-Lot: 201247.2
Lot Area Source: Tax Authority
Acres: 4.62
Zoning: UNZ - Not Zoned
Remarks and Directions
Directions: East End - left on Greer, left on Hill, property is on the right- signs posted
Location Legal and School Info
Area: 492 - Kachemak City/Fritz Creek
Street #: 55220
Street Name: Hill
Arterial: Avenue
Closest USPS Town: Homer
State: AK
Zip Code: 99603
Property Features
Residential Type: B & B Potential; Single Family Res
Construction Type: Wood Frame
Exterior Finish: Wood
Roof Type: Metal
Foundation Type: Slab
Floor Style: Cabin; Multi-Level
Garage Type: Attached; Heated
Carport Type: None
Heating: Oil; Radiant; Radiant Floor
Sewer Type: Septic Tank
Water Source: Cistern; Water Delivered
Dining Room Type: Area
Features-Interior: BR/BA on Main Level; Electric; Pantry; Washer &/Or Dryer Hookup
Appliances: Range; Gas Range; Refrigerator
Flooring: Laminate
Access Type: Government; Maintained
View Type: Bay; Mountains; Ocean; Partial
Topography: Sloping
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Listing Terms Financing: Cash; Conventional; FHA
Supplements
The approximately 1,200 sq ft main building, constructed in 2017, offers a versatile barndominium style live/work configuration. Downstairs, the shop provides abundant room for parking, equipment, projects and farm operations. A peony packing cooler is already in place, along with a full bathroom and open living space, that could potentially be enclosed with the upstairs space to have more defined living vs working space. Upstairs you'll find the kitchen, bedroom and half bath, surrounded by views of the property and mountains beyond.
A separate approximately 600 sq ft one bedroom one and half bath cabin built in 2007, adds even more flexibility. Use it for additional living space, guests, a caretaker, studio or whatever best fits your vision.
Outside is where this property really sets itself apart. Known as Spit Sisters Farm, the property became particularly known for its coral peonies, and includes two high tunnels filled with flowers and fruit trees, along with established outdoor peony and berry growing areas, with approximately 75 black currant bushes and nagoonberries. A new owner would be welcome to apply to join the peony co-op, offering an opportunity to build upon what has already been established.
Solar panels, a pond utilized for irrigation and additional water-catchment systems help make the property self-sufficient and functional.There is plenty of room to continue expanding, and quite a bit of equipment already on the property will help give you a headstart on any peony dreams!
Continue to grow the flower farm, create a homestead, run a home-based business, put the shop space to work, create a multi-generational setup, or some combination of all of the above! This is a property with the space, versatility and established groundwork to evolve alongside its next owner. Live in a place that gives you the space to dream bigger.
IDX
Listing Office: Kachemak Real Estate Group Real Broker
Last Updated: September - 24 - 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.
Property Profile