Homer, Alaska Retreats Under $1 Million To Get Away From It All

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This week we take you to the seaside port of Homer, Alaska. According to Coastal Living, the charming Alaskan enclave is the prettiest beach town in the state! And from what we can tell, your money goes far in the untamed beachfront destination. 

“Widely known as the Halibut Fishing Capital of the World, this colorful little city perched on Kachemak Bay at the southern tip of the Kenai Peninsula has one of the most spectacular backdrops in the 50 states: the glacier-graced Kenai mountains,” said Coastal Living. “The Homer Spit, a 4 ½-mile curl of granite and sand, is lined with restaurants, hotels, campgrounds, and the lively Homer Boat Harbor.”

Both of our Homer picks offer incredible views and prime locations close to town. But their price points are miles apart. Which would you choose, the Waterman Road Splurge or the Cottonwood Lane Steal?

Splurge: Majestic Homer Ranch With Horse Barn & Guest Cabin For $899K

Feast your eyes on Magic Canyon Ranch! This incredible five-bedroom, four-full-bathroom home sits on a breathtaking 5-acres. If you’ve been dreaming of a remote second shelter, this is it. According to the listing, “the surrounding area is one of the last undisturbed wildlife corridors stretching from the Homer bench to the Skyline ridge.” 

The home itself features a six-stall horse barn, cozy guest cabin, and space to entertain. We love the enchanting canyon scenery which offers “birdsong and wildflowers, overlooking beautiful Kachemak Bay and the glacier-filled Kenai Mountains.”

It sits at the end of a long narrow drive, enveloped in alders, and nestled alongside Waterman Creek. Here, breathtaking Alaskan wilderness is mere steps from your door! Plus, the nearby upland features 700-acres of Inspiration Ridge Preserve, ensuring your views and surroundings remain intact.

Most interestingly, the property connects to a canyon rim trail. It was established in the 1950s by homesteaders originally for commercial berry picking of rose hips. In fact, the canyon is almost entirely deciduous with alders, birches, wild roses, fireweed, cottonwoods, and a sprinkling of spruce. 

As the listing states, “the property is part of the original Waterman Homestead where John Waterman ran his herd of cattle and grew a locally renowned vegetable garden. Magic Canyon Ranch was for a time a top-tier Bed & Breakfast, so it comes with its own website and domain name, should the need arise again.” 

Karen Marquardt with Kachemak Group Real Estate has listed 40015 Waterman Road, Homer, Alaska for $835,000.

Steal: Acreage, Privacy, And Incredible Views Of Kachemak Bay For $599K

If you are willing to put in a little sweat equity for cosmetic updates this property could be a dream! It may be dated but the construction is anything but. And it sits on a manageable 1.79-acres affording ultimate privacy.

The unbelievable natural setting boasts views of Kachemak Bay and surrounding mountain range. 

The three-bedroom, three-bathroom main house sits just minutes from town and offers a spacious 3,228 square feet. Updates include hardwoods, in-floor heating, and a home office with separate entrance.

You’ll also enjoy ample windows bringing the outdoors in and filling the home with natural light. Or better yet, head outside to the expansive deck and soak up the views!

In addition, there is a separate one-bedroom guest house providing extra room when hosting out-of-towners. Forested lawn defines the landscape, marked by towering Spruce and Birch trees for a serene, wilderness feel. As a bonus, the main home and guest house come fully-furnished and turn-key!

Art Swisher with Coastal Realty has listed 1500 Cottonwood Lane, Homer, Alaska for $599,000.