2727 Kachemak Drive, Homer, AK 99603

$1,550,000
Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 4,898 Lot Size (sq. ft.): 131,987 Status: Active
Current Price: $1,550,000 Last Modified: 5/13/2026

Description

Luxury Kachemak Bay Retreat with Proven Short-Term Rental Success Positioned on approximately 3 acres along scenic Kachemak Drive, this custom-built home captures unobstructed views of Kachemak Bay, the Homer Spit, and the surrounding mountain ranges from its elevated bluff setting--paired with the added benefit of a highly successful short-term rental. Spanning nearly 4,900 square feet,

Supplements: the home features 5 bedrooms and 3.5 bathrooms, with a layout designed to comfortably accommodate large groups. Whether used as a private residence or guest retreat, the home is built for both comfort and connection. The main living area is centered around expansive windows that frame the bay and mountains, complemented by warm wood finishes, custom built-ins, and a gas fireplace. A spacious kitchen with a large island, ample cabinetry, and quality appliances flows seamlessly into the dining and living spaces--ideal for gathering and entertaining. Designed with the guest experience in mind, the home offers multiple areas to relax and unwind, including a large recreation and entertainment room complete with media space, pool table, and foosball area--perfect for evenings after a day of exploring Homer and the surrounding wilderness. The upper-level primary suite provides a private retreat, featuring vaulted ceilings, a gas fireplace, walk-through closet, and a spa-inspired bathroom with a jetted soaking tub. A private balcony offers sweeping views across the bay, creating a truly memorable setting. Each of the additional bedrooms is generously sized and well-appointed, allowing the home to comfortably host family, friends, or guests. The layout supports extended stays and group accommodations, making it especially well-suited for vacation use. Outdoor living is equally impressive, with covered porches for year-round enjoyment, mature landscaping, a greenhouse, garden area, and additional outbuildings. The property also offers private beach access and ample parking for multiple vehicles and recreational gear. Currently operating as an extremely successful short-term rental, the property already has 70+ days booked for the current year, demonstrating strong demand and continued income potential. Its size, location, and amenities make it highly desirable for vacation travelers, fishing groups, and destination stays. Located just minutes from the Homer Spit, harbor, dining, and local attractions, this property offers a rare combination of privacy, space, and accessibility in one of Alaska's most sought-after coastal settings. Wildlife, including moose, are commonly seen in the area, adding to the authentic Alaska experience.

More Information MLS# 26-2770

Location Legal and School Info

Area: 490 - Homer Street #: 2727 Street Name: Kachemak Arterial: Drive Closest USPS Town: Homer State: AK Zip Code: 99603

Contract Info

Price-List: 1550000 Date-Listing: 2026-03-23 Status: Active Foreclosure/Bank Own: No

Property Info

Realtor.com Type: Residential - Single Family Property Attached/Common Walls: No Construction Status: Existing Structure Beds: 5 Bathrooms Half: 1 Bathrooms Three Quarter: 2 Bathrooms Full: 1 Bathrooms Total: 4 SF-Res: 4898 Year Built: 2000 Year Updated: 2017 Garage Spaces: 2 SF-Gar: 862 SF-Lot: 131986.8 Lot Area Source: Other Acres: 3.03 Zoning: UNK - Unknown

Remarks and Directions

Directions: Turn left on Kachemak Drive at the base of the Homer Spit. Approximately 1 mile on the Right hand side.

Waterfront Details

Waterfront Name: Kachemak Bay

Property Features

Residential Type: B & B in Operation; B & B Potential; Single Family Res Construction Type: Wood Frame Exterior Finish: Wood Roof Type: Metal Foundation Type: Poured Concrete Floor Style: Tri-Level Garage Type: Attached Carport Type: None Heating: Natural Gas; Radiant; Radiant Floor Sewer Type: Public Sewer Water Source: Public Dining Room Type: Formal Features-Interior: Air Exchanger; Basement; BR/BA on Main Level; Ceiling Fan(s); CO Detector(s); Den &/Or Office; Electric; Family Room; Gas Fireplace; Jetted Tub; Pantry; Smoke Detector(s); Soaking Tub; Telephone; Vaulted Ceiling(s); Washer &/Or Dryer Hookup; Window Coverings; Granite Counters Appliances: Range; Microwave; Refrigerator; Dishwasher; Disposal; Dryer; Washer; Water Heater Features-Additional: Private Yard; Deck/Patio; Fire Service Area; Garage Door Opener; Greenhouse; In City Limits; Landscaping; Lot-Bluff; Road Service Area; Shed; View Access Type: Paved View Type: Bay; Inlet; Mountains; Ocean; Unobstructed Topography: Bluff; Level; Sloping Wtrfrnt-Frontage: Oceanfront Wtrfrnt-Access Near: Ocean Listing Terms Financing: AHFC; Cash; Conventional; FHA; VA Loan; Other Docs Avl for Review: Docs Posted on MLS
Listing Office: Real Broker Alaska
Last Updated: May - 13 - 2026
2727 Kachemak Drive, Homer, AK 99603- MLS# 26-2770
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.