Price Reduction - Water Views
Address
5260 Kachemak Drive, Homer, AK
Price
$ 4,995,000
Property Attributes
- MLS#253110
- TypeSingle Family
- Listing Status Active
- BoroughKENAI PENINSULA
- CityHomer
- Area1B - Kenai Peninsula Borough
- Neighborhood490 - Homer
- Zip99603
- Style
- Year Built2011
- Price$ 4,995,000
- Bedrooms7
- Full Bathrooms9
- Half Bathrooms3
- Sqr Footage17000
- Lot Size2.47 Acres
Data Source:
Alaska MLS (AKMLS)
Property Description
Situated amidst the breathtaking wilderness of Alaska, Second Star is an architectural masterpiece that offers an unparalleled luxury experience on 2.5± acres of water frontage overlooking the pristine waters of Kachemak Bay. This magnificent 17,000± square-foot estate seamlessly blends elegant, high-end living with the raw, untamed beauty of the Last Frontier, making it one of Alaska's most exclusive vacation destinations. The mansion boasts eight uniquely designed bedroom suites, each crafted to evoke a distinct and immersive ambiance, comfortably accommodating up to 30 guests. The top floor features an enchanting 2,000± square-foot replica of Peter Pan's Neverland, complete with a pirate ship, hidden nooks, and whimsical décor, offering a magical retreat for guests of all ages. Whether seeking relaxation, adventure, or both, Second Star provides an unforgettable escape unlike any other. The estate's world-class amenities set it apart as a true luxury retreat. The private spa wing includes a Turkish bath, indoor pool, infrared sauna, and steam room. A hidden passageway leads to a state-of-the-art theater and a charming candy shop. The expansive 3,000± square-foot deck offers breathtaking panoramic views of the Pacific Ocean, towering mountains, and ancient glaciers, making it a spectacular setting for intimate gatherings, corporate retreats, and grand celebrations. A gourmet kitchen designed to accommodate private chefs ensures a bespoke culinary experience for the most discerning palates. Operating as a highly successful luxury vacation rental, Second Star has built a prestigious reputation, attracting elite clientele from around the world seeking privacy, exclusivity, and adventure. The property's proven success, unmatched amenities, and breathtaking location make it an extraordinary investment opportunity. Embrace the chance to own Second Star, where luxury, adventure, and imagination converge in the heart of Alaska's awe-inspiring wilderness.
| Elementary School | Middle School | High School |
|---|---|---|
| BTV-Undiscl by LL Elementary School | BTV-Undiscl by LL Middle School | BTV-Undiscl by LL High School |
| Price History | |
|---|---|
| 8/25/2026 | Listed $5,395,000 |
| 9/11/2026 | 7$4,995,000 |
General Features
| Utilities | Phone Connected |
|---|---|
| Zoning | UNK - Unknown |
| View | Bay,City Lights,Glacier,Inlet,Mountain(s),Spit,Unobstructed,Ocean |
| Waterfront Features | Ocean Access |
| Property Type | Residential |
| Status | Active |
| Directions | NE on Kachemak Dr, property is on the right |
| High School | BTV-Undiscl by LL |
| City | Homer |
| MLS Area | 1B - Kenai Peninsula Borough |
| Lot Size Units | Acres |
| Lot Size Square Feet | 107593.2 |
| Elementary School | BTV-Undiscl by LL |
| Middle/Junior High School | BTV-Undiscl by LL |
| MLS Area Minor | 490 - Homer |
| Living Area Units | Square Feet |
| Year Built | 2011 |
| New Construction | false |
| Appliances | Washer/Dryer,Dishwasher,Refrigerator |
| Construction Materials | Wood Frame |
| Sewer | Unknown |
| Roof | Composition,Shingle |
| Garage Spaces | 6 |
| Attached Garage | true |
| Garage Y/N | true |
| Full Baths | 6 |
| Property Attached Y/N | false |
| Home Warranty Y/N | false |
| Patio/Porch Features | Deck |
| Spa Features | Bath |
| Pool Features | Swimming Pool |
Interior Features
| Half Baths | 3 |
|---|---|
| 3/4 Baths | 3 |
| Total Bedrooms | 7 |
| Total Baths | 12 |
| Interior Amenities | Fireplace,Sauna,Vaulted Ceiling(s),Pantry,Soaking Tub |
| Laundry Features | Washer &/Or Dryer Hookup |
| Fireplace Y/N | true |
Exterior Features
| Lot Features | Views |
|---|---|
| Lot Size Area | 2.47 |
| Lot Size Acres | 2.47 |
| Lot Size Source | Owner |
| Waterfront Y/N | true |
| Parking Features | Attached |
| Building Area Total | 17000 |
| Foundation Details | Other |
| Total Parking | 6 |
| Covered Spaces | 6 |
| Other Equipment | Home Theater,Security System,Smoke Detector(s) |
| Spa | true |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 99603
Price
Year Built
In The Neighborhood
Reduced
Homer
$ 579,000
- Type
- Single Family
- Size
- 3,350 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Kachemak Real Estate Group Real Broker
Homer
$ 359,000
- Type
- Single Family
- Size
- 1,224 SqFt
- Rooms
- 3 Beds + 2 Baths
Kachemak Real Estate Group Real Broker
Water Views
Homer
$ 775,000
- Type
- Single Family
- Size
- 1,962 SqFt
- Rooms
- 2 Beds + 2.5 Baths
Jack White Real Estate
Water Views
Homer
$ 525,000
- Type
- Single Family
- Size
- 2,105 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Kachemak Real Estate Group Real Broker
Water Views
Homer
$ 3,690,000
- Type
- Single Family
- Size
- 7,641 SqFt
- Rooms
- 7 Beds + 5.5 Baths
Story Real Estate
Water Views
Homer
$ 648,000
- Type
- Single Family
- Size
- 1,612 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Story Real Estate
Primary On Main
Homer
$ 364,000
- Type
- Single Family
- Size
- 864 SqFt
- Rooms
- 2 Beds + 1 Baths
Story Real Estate
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