2727 Kachemak Drive, Homer AK 996031 / 133

$1,550,000

Originally $1,700,000

Active

2727 Kachemak Drive

Homer AK 99603

Real Broker Alaska

5

Bedrooms

4

Bathrooms

4,898

Sq Ft

2000

Year Built

$316/sqft2-car garage3.03 acres lot

MLS# 26-2770· Listed Mar 23, 2026

Live MLS feed

About This Home

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, 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.

Documents & insights

3 to review

18 documents from current & prior listings · parcel #17936031.

AI Summary

Summary of 18 documents from this property's current and prior listings. 3 items worth reviewing, plus 33 additional facts captured.

What the seller reported about utilities

From disclosure

The seller reports average monthly utility costs of $350 for electric (Homer Electric Company), $170 for natur… al gas (Enstar), and over $50 for sewer (City of Homer). Security alarm service with Simply Safe costs $15 per month.

Source: Real Property Disclosures · Prior listing — Expired Jan 2026

Reflects the prior owner's usage and providers. Your costs may vary.

A sample of what's in the documents

Worth a lookPrior listing — Expired Jan 2025

Disclosure listed a known issue

The Real Property Disclosures notes this item as a known issue. Exact wording from the document is quoted below.

Drainage issues in crawl space/basement (resolved 2017 via sump pump)
View source — Real Property Disclosures
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Documents on this listing

Documents from prior listings(13) · sign in to open

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Disclosure timeline

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Property Details

Property TypeResidential
Full Baths1
Half Baths1
Garage Spaces2
ParkingAttached
Year Built2000
Lot Size3.03 acres
Parcel #17936031
MLS #26-2770

Heating

Radiant FloorRadiantNatural Gas

Interior Features

Air ExchangerBasementDen &/Or OfficeElectricWasher &/Or Dryer HookupBR/BA on Main LevelJetted TubCeiling Fan(s)Smoke Detector(s)Vaulted Ceiling(s)Granite CountersGas FireplacePantrySoaking TubMicrowave

Exterior Features

Fire Service AreaGarage Door OpenerRoad Service AreaViewLot-BluffIn City LimitsPrivate Yard

Appliances

DishwasherDisposalRefrigerator

Sewer

Public Sewer

View

BayInletMountain(s)UnobstructedOcean

Price & Status History

5/13/2026
Price reduced
$1,550,0000.0%
$316/sqft
Source: AKMLS #26-2770
3/23/2026
Listed for sale
$1,550,000-18.4%
$316/sqft
Source: AKMLS #26-2770
3/17/2025
Listed for sale
$1,900,000-17.4%
$388/sqft
5/15/2024
Listed for sale
$2,300,000
$470/sqft

* Alaska is a non-disclosure state. Prices shown are listed asking prices, not recorded sale prices.

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Equal Housing Opportunity

Listed by: Yvan C Corbin · Real Broker Alaska

Alaska MLS

© 2026 Alaska Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable but not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Dream Makers. Data last updated May 2026.

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Emily Etter

Emily Etter

Real Estate Agent

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Mortgage Estimate

Down payment10% · $155,000
Interest rate7.0%
Loan term30 years

$9,281/mo

$1,395,000 loan · 30yr · 7.0%

Estimate only. Taxes & insurance not included. Rates vary by lender.

Emily Etter

Dream Makers

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