New Listing
$550,000
 $2,953 est/mo Sourced by Back At You

55220 Hill Avenue,Homer, AK 99603

Homer, AK 99603

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Description

What if your next home came with a peony farm, guest cabin, large shop and a Kachemak Bay view? Set on 4.61 acres with mountain and water views, this one-of-a-kind property brings together a home, workspace, established growing infrastructure and a lifestyle that is uniquely Alaskan. The approximately 1,200 sq ft main building, constructed in 2017, offers a versatile barndominium style live/work configuration. Downstairs, the shop provides abundant room for parking, equipment, projects and farm operations. A peony packing cooler is already in place, along with a full bathroom and open living space, that could potentially be enclosed with the upstairs space to have more defined living vs working space. Upstairs you'll find the kitchen, bedroom and half bath, surrounded by views of the property and mountains beyond. A separate approximately 600 sq ft one bedroom one and half bath cabin built in 2007, adds even more flexibility. Use it for additional living space, guests, a caretaker, studio or whatever best fits your vision. Outside is where this property really sets itself apart. Known as Spit Sisters Farm, the property became particularly known for its coral peonies, and includes two high tunnels filled with flowers and fruit trees, along with established outdoor peony and berry growing areas, with approximately 75 black currant bushes and nagoonberries. A new owner would be welcome to apply to join the peony co-op, offering an opportunity to build upon what has already been established. Solar panels, a pond utilized for irrigation and additional water-catchment systems help make the property self-sufficient and functional.There is plenty of room to continue expanding, and quite a bit of equipment already on the property will help give you a headstart on any peony dreams! Continue to grow the flower farm, create a homestead, run a home-based business, put the shop space to work, create a multi-generational setup, or some combination of all of the above! This is a property with the space, versatility and established groundwork to evolve alongside its next owner. Live in a place that gives you the space to dream bigger.

Details

MLS #26-12317
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2017
Days On Site5
Listing Provided ByKachemak Real Estate Group Real Broker | Becky Turkington

Features

Bed(s)2
Bath(s) 4 Total
SQ Feet1,200
Garage1
ZoningUNZ - Not Zoned
Acreage4.62
Property ViewBay, Mountain(s), Partial, Ocean

Interior

Rooms Total0
HeatingRadiant Floor, Radiant, Oil
Heating Yes / NoYes
AppliancesRefrigerator
Interior FeaturesElectric, Washer &/Or Dryer Hookup, BR/BA on Main Level, Pantry

Exterior

RoofMetal
Lot FeaturesGentle Sloping
Construction MaterialsWood Frame
Foundation DetailsSlab
Exterior Sp Finish Co Exterior Sp FinishWood
Architectural StyleCabin, Split Level

Parking

Parking FeaturesAttached, Heated Garage
Carport Sp Type Co Carport Sp TypeNone

Utilities

SewerSeptic Tank

Location

Road Surface TypeMaintained, Government

Taxes

Tax Map NumberN/A
Tax Legal DescriptionNewell Park L11

Area Information

StateAK
CityHomer
Zip Code99603
Area1B Kenai Peninsula Borough
SubareaKachemak City | Fritz Creek
School DistrictHomer
Elementary SchoolMcNeil Canyon
High SchoolHomer
Listing VS Median (in 99603)
Price:
$550,000
low | high
Med:
$595,000
41.818181818182% of Average
sqft:
1,200
low | high
Med:
1,864
5.333333333333% of Average
$ / sqft:
$458
low | high
Med:
$319
80.355052672649% of Average
On site:
5
low | high
Med:
82
6.09756097561% of Average
Sourced by Back At You

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Learn More About This Property

StateAK
CityHomer
Zip Code99603
Area1B Kenai Peninsula Borough
SubareaKachemak City | Fritz Creek
School DistrictHomer
Elementary SchoolMcNeil Canyon
High SchoolHomer
Listing VS Median (in 99603)
Price:
$550,000
low | high
Med:
$595,000
41.818181818182% of Average
sqft:
1,200
low | high
Med:
1,864
5.333333333333% of Average
$ / sqft:
$458
low | high
Med:
$319
80.355052672649% of Average
On site:
5
low | high
Med:
82
6.09756097561% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $412K - $687K
sqft: 900 - 1,500
Nearby Listings Property ImageNearby Listings Details
55700 W Saber Avenue Property Photo 1
$619,000
55700 W Saber Avenue
Homer, AK 99603
Listing Updated: September 24, 2026 at 1:16:30 PM PDT
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