40035 Fernwood Drive
Homer, AK 99603
5
Bed
3
Bath
2,305Sqft
1Acre(Lot)
Homer Bench property with expansive views of Kachemak Bay. Includes a 3-bed, 1.5-bath main home (1,421 sqft) plus detached 2-bed, 1-bath unit (884 sqft) above a heated 2-car garage. Currently, two separate long-term rentals; tenants pay utilities = low operating costs. Instant cash flow + room for growth. Options abound including owner occupancy, multi-generational living, or investment. Perched on the Homer Bench with wide-open views of the Homer Spit, Kachemak Bay, and the surrounding mountains and glaciers, this property offers a rare mix of scenery and flexibility. The setup includes two separate living spaces: a 3-bedroom, 1.5-bath main home and an apartment over a large two-car garage. Both units have been rented long term, with tenants paying their own utilities, keeping operating c
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 3 Full Baths: 2 Half Baths: 1 -
Roofing Information
Metal -
Interior Features
Roof: Metal -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Oil, Wood Stove, Floor Furnace
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Building Information
Year Built: 1959 Building Area Total: 2305 Construction Materials: Block, Wood Siding, Frame Private Pool: No View: Bay, Ocean
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Lot Information
Main Square Feet: 1 Acres Lot Size Acres: 1.08 Lot Size Square Feet: 47044.8 Lot Description: Sloped, Gentle SlopingProperty Information
Subdivision: Fernwood SUB 2004 Source Property Type: Residential Income MLS Area Minor: 492 - Kachemak City/Fritz Creek Property Age: 67
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Listing Price Information
Listing Price: $525000
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Tax Information
Parcel Number: 17438017 Tax Legal Desc: Fernwood 2024 Tr 1A
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Parking Information
Heated GarageGarage Information
Has Garage: Yes Garage Space: 2
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School Information
Elementary School: Paul Banks/HomerJunior High School: HomerSenior High School: Homer -
Location Information
Direction: From Homer, travel east on East End Road to Fernwood Drive just before Mile 6. Turn onto Fernwood Drive; the property is a flag lot on the left. WaterSource: Cistern Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| TR A-2 Pomeroy Road, Homer, AK, 99603 | $125,000 | -- | -- | -- | |
| 40055 Johnna Circle, Homer, AK, 99603 | $629,000 | 3 | 3 | -- | |
| 0000 SW Bear Cove, Homer, AK, 99603 | $229,000 | 1 | -- | -- | |
| 2100 Jack Gist Way, Homer, AK, 99603 | $648,000 | 3 | 3 | -- | |
| 1590 Cantrell Creek Road, Homer, AK, 99603 | $429,000 | 3 | 2 | -- | |
| 0000 Remote, Homer, AK, 99603 | $275,000 | -- | -- | -- | |
| 32925 Voznesenka Road, Homer, AK, 99603 | $247,000 | 3 | 1 | -- | |
| 36608 Hammock Circle, Homer, AK, 99603 | $560,000 | 1 | 1 | -- | |
| 53498 E East End Road, Homer, AK, 99603 | $500,000 | 3 | 2 | -- | |
| 56062 Lasalle Avenue, Homer, AK, 99603 | $235,000 | 1 | -- | -- |
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ByOwner last updated this listing 06/19/2026 @ 02:02
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