MatSu Living

40315 Grewingk Circle, Homer, AK 99603

$599,000
Property Type: Residential Bedrooms: 6 Baths: 4 Square Footage: 1,746 Lot Size (sq. ft.): 40,075 Status: Active
Current Price: $599,000 Last Modified: 7/09/2026

Description

Tucked away at the end of Grewingk Circle, this private East Homer property offers the perfect blend of Alaska charm, flexibility, and income potential. The log home features 5 bedrooms and 3 bathrooms, thoughtfully configured to accommodate a variety of living arrangements.

Supplements: The main levels offer a warm and inviting 2-bedroom, 2-bath residence with charm and character. Downstairs, the lower level apartment has 3 bedrooms, 1 bathroom, and kitchenette; ideal for guests, extended living, or rental opportunities. Additionally, the property includes a cozy 1 bedroom, 1 bath cottage that is currently tenant occupied with a lease already in place, providing immediate rental income. Outside, you'll find a spacious shop for projects and storage, a greenhouse, and plenty of room to enjoy the peaceful surroundings. Whether you're looking for a home with space for extended living, a property with income-producing potential, or your own private Alaska getaway, this unique East Homer offering is ready to welcome its next owner.

More Information MLS# 26-8397

Location Legal and School Info

Area: 492 - Kachemak City/Fritz Creek Street #: 40315 Street Name: Grewingk Arterial: Circle Closest USPS Town: Homer State: AK Zip Code: 99603

Contract Info

Price-List: 599000 Concessions YN: No Date-Listing: 2026-07-08 Status: Active Foreclosure/Bank Own: No

Property Info

Realtor.com Type: Residential - Single Family Property Attached/Common Walls: No Construction Status: Existing Structure Beds: 6 Bathrooms Three Quarter: 3 Bathrooms Full: 1 Bathrooms Total: 4 SF-Res: 1746 Year Built: 2002 Garage Spaces: 1 SF-Gar: 700 SF-Lot: 40075.2 Lot Area Source: Tax Authority Acres: 0.92 Zoning: UNZ - Not Zoned

Remarks and Directions

Directions: East End from Homer, left on Grewingk Circle. Property is at the end of Grewingk.

Property Features

Residential Type: B & B Potential; Single Family Res Construction Type: Log Exterior Finish: Log Roof Type: Metal Foundation Type: Poured Concrete Floor Style: Log Garage Type: None Carport Type: None Heating: Floor Furnace; Oil; Propane; Wood; Wood Stove Sewer Type: Lift Station; Septic Tank Water Source: Cistern Dining Room Type: Area Features-Interior: BR/BA on Main Level; Vaulted Ceiling(s); Wood Stove; Workshop Appliances: Gas Cooktop; Refrigerator Flooring: Carpet; Hardwood Features-Additional: Accessory Dwelling Unit (ADU); Private Yard; Deck/Patio Access Type: Dedicated Road; Government; Maintained View Type: Bay; Mountains; Ocean; Partial Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Listing Terms Financing: 1031 Exchange; Cash; Conventional; FHA; VA Loan

Documents

Listing Office: Kachemak Real Estate Group Real Broker
Last Updated: July - 09 - 2026
40315 Grewingk Circle, Homer, AK 99603- MLS# 26-8397
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.
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