5260 Kachemak Drive, Homer, AK 99603

$5,495,000
Property Type: Commercial Sale Square Footage: 17,000 Lot Size (sq. ft.): 107,593 Status: Active
Current Price: $5,495,000 Last Modified: 5/05/2026

Description

Situated amidst the breathtaking wilderness of Alaska, Second Star is an architectural masterpiece that offers an unparalleled luxury experience on 2.5± acres of water frontage overlooking the pristine waters of Kachemak Bay. This magnificent 17,000± square-foot estate seamlessly blends elegant, high-end living with the raw, untamed beauty of the Last Frontier, making it one of Alaska's most

Supplements: exclusive vacation destinations. The mansion boasts eight uniquely designed bedroom suites, each crafted to evoke a distinct and immersive ambiance, comfortably accommodating up to 30 guests. The top floor features an enchanting 2,000± square-foot replica of Peter Pan's Neverland, complete with a pirate ship, hidden nooks, and whimsical décor, offering a magical retreat for guests of all ages. Whether seeking relaxation, adventure, or both, Second Star provides an unforgettable escape unlike any other. The estate's world-class amenities set it apart as a true luxury retreat. The private spa wing includes a Turkish bath, indoor pool, infrared sauna, and steam room. A hidden passageway leads to a state-of-the-art theater and a charming candy shop. The expansive 3,000± square-foot deck offers breathtaking panoramic views of the Pacific Ocean, towering mountains, and ancient glaciers, making it a spectacular setting for intimate gatherings, corporate retreats, and grand celebrations. A gourmet kitchen designed to accommodate private chefs ensures a bespoke culinary experience for the most discerning palates. Operating as a highly successful luxury vacation rental, Second Star has built a prestigious reputation, attracting elite clientele from around the world seeking privacy, exclusivity, and adventure. The property's proven success, unmatched amenities, and breathtaking location make it an extraordinary investment opportunity. Embrace the chance to own Second Star, where luxury, adventure, and imagination converge in the heart of Alaska's awe-inspiring wilderness.

More Information MLS# 25-3109

Contract Info

Price-List: 5495000 Date-Listing: 2025-03-26 Status: Active Foreclosure/Bank Own: No

Location Tax and Legal

Area: 490 - Homer Street #: 5260 Street Name: Kachemak Arterial: Drive Closest USPS Town: Homer State: AK Zip Code: 99603

Property Info

Type of Property: Mixed Use Realtor.com Type: Commercial Construction Status: Existing Structure Acres: 2.47 SF-Lot: 107593.2 Lot Area Source: Owner SF-Res: 17000 Zoning: UNK - Unknown Year Built: 2011

Directions and Remarks

Directions: NE on Kachemak Dr, property is on the right

Property Features

Primary Space: Hospitality Heating: Natural Gas; Radiant; Radiant Floor; Wood; Wood Stove Features-Commercial: On-Site Parking; Wtrfnt-Access Nearby; Wtrfnt-Actual Frntg View Type: Bay; City Lights; Inlet; Mountains; Ocean; Unobstructed

Documents

Listing Office: Real Broker Alaska
Last Updated: May - 05 - 2026
5260 Kachemak Drive, Homer, AK 99603- MLS# 25-3109
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.