MatSu Living

40424 Gruening Street, Homer, AK 99603

$865,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,606 Lot Size (sq. ft.): 133,729 Status: Active
Current Price: $865,000 Last Modified: 7/14/2026

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.

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.

More Information MLS# 26-8688

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

Contract Info

Price-List: 865000 Date-Listing: 2026-07-14 Status: Active Foreclosure/Bank Own: No

Property Info

Realtor.com Type: Residential - Single Family Property Attached/Common Walls: No Construction Status: Existing Structure Beds: 4 Bathrooms Full: 3 Bathrooms Total: 3 SF-Res: 2606 Year Built: 1992 Garage Spaces: 2 SF-Gar: 543 SF-Lot: 133729.2 Lot Area Source: Tax Authority Acres: 3.07 Zoning: UNZ - Not Zoned

Remarks and Directions

Directions: East Hill to Skyline. Turn rt to Gruening. Turn rt to Panorama Dr. Turn left, home at end on right.

Association Info

Association Name: Gruening Vista Dues-Frequency: Yearly

Miscellaneous

Basement Status: Finished

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

Documents

Listing Office: Berkshire Hathaway HomeServices Alaska Realty
Last Updated: July - 14 - 2026
40424 Gruening Street, Homer, AK 99603- MLS# 26-8688
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.
Search powered by FBS Products