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55220 Hill Avenue

Homer, AK 99603
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Bed 2

Bed

Bath 4

Bath

SqFt201,247.20

Sqft(Lot)

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 prope rty 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.

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Detail Ic Property Details

Property Type : Residential

Price : $550,000

AD Id : 91468144

MLS Id : 26-12317

Beds : 2

Lot Size : 201,247.20 Sq. Ft

Year Built : 2017

Garage : 1

County : Kenai Peninsula Borough

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Feature Features

  • Bedroom Information

    Total beds: 2

    Bathroom Information

    Total Baths: 4 Half Baths: 2
  • Flooring Information

    Laminate
  • Roofing Information

    Metal
  • Interior Features

    Pantry Roof: Metal Appliances: Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Radiant Floor, Radiant, Oil

  • Building Information

    Year Built: 2017 Building Area Total: 1200 Construction Materials: Wood Siding, Frame Private Pool: No View: Bay, Mountain(s), Ocean

  • Lot Information

    Main Square Feet: 201247.2 Square Feet Lot Size Acres: 4.62 Lot Size Square Feet: 201247.2 Lot Description: Sloped, Gentle Sloping

  • Listing Price Information

    Listing Price: $550000 Cash, Conventional, FHA

  • Tax Information

    Parcel Number: 17212035 Tax Legal Desc: Newell Park L11

  • Parking Information

    Attached, Heated Garage

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 1

  • School Information

    Elementary School: McNeil Canyon
    Junior High School: Homer
    Senior High School: Homer
  • Location Information

    Direction: East End - left on Greer, left on Hill, property is on the right- signs posted WaterSource: Cistern
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
000 Caribou Homestead L.., Homer, AK, 99603 $50,000 -- -- -- 90,604.80 Sq. Ft
Caribou Lake, Homer, AK, 99603 $115,000 1 -- -- 94,525.20 Sq. Ft
0000 SW Bear Cove, Homer, AK, 99603 $229,000 1 -- -- 55,757 Sq. Ft
1610 Cantrell Crk Road, Homer, AK, 99603 $399,000 3 2 -- 10,454.40 Sq. Ft
0000 Remote, Homer, AK, 99603 $275,000 -- -- -- 120 Acres
1590 Cantrell Creek Road, Homer, AK, 99603 $399,000 3 2 -- 13,068 Sq. Ft
1481 Cantrell Creek Road, Homer, AK, 99603 $435,000 3 2 -- 12,632 Sq. Ft
1610 Cantrell Creek Road, Homer, AK, 99603 $1,197,000 9 6 4,080 36,590.40 Sq. Ft
1570 Cantrell Crk Road, Homer, AK, 99603 $399,000 3 2 -- 13,068 Sq. Ft
32925 Voznesenka Road, Homer, AK, 99603 $247,000 3 1 -- 29,185.20 Sq. Ft

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ByOwner last updated this listing 09/30/2026 @ 21:16

MLS: 26-12317 LISTED BY: Becky Turkington, Kachemak Real Estate Group Real Broker 907-235-7733 SOURCE: Alaska Multiple Listing Service

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