Located in the thoughtfully planned Morning Star Subdivision, this beautiful custom home captures some of the most incredible views from the Homer Bench. Designed to embrace the surrounding landscape, expansive windows frame Kachemak Bay, the Homer Spit, the Kenai Mountains, and glaciers from nearly every room, creating a remarkable backdrop throughout the home.Built by Beachy Construction, the home showcases quality craftsmanship, thoughtful design, and exceptional attention to detail. The main living spaces are open and light-filled, with a generous kitchen, dining area, and inviting living room designed for both effortless entertaining and everyday comfort. A covered view deck extends the living space outdoors, offering a sheltered setting to enjoy the scenery in every season. The primary suite combines a spacious ensuite with convenient access to the home's private spa amenities. This dedicated wellness space features an indoor hot tub, sauna, walk-in tiled shower, and room for massage, exercise, or quiet relaxation, along with access to a secluded outdoor patio. A flexible lower level provides additional bedrooms, a private entrance, kitchenette, full bathroom, and separate living area, making it ideal for guests, extended family, or multi-generational living. This area also includes an enormous walk-in storage area. Thoughtful amenities throughout the home include in-floor heat, multiple gathering spaces, a media room, an attached two-car garage with additional workspace, and a floor plan designed to provide both connection and privacy. This is a home where thoughtful design, quality construction, and exceptional amenities come together to create a truly unique property with some of the best views the Homer Bench has to offer.
Pending
Price cut: $100K (8/14)
$1,195,000
40772 Morning Star Rd, Homer, AK 99603
4beds
3,303sqft
Single Family Residence
Built in 2017
1.24 Acres Lot
$1,163,500 Zestimate®
$362/sqft
$-- HOA
What's special
Generous kitchenWalk-in tiled showerIn-floor heatEnormous walk-in storage areaMedia roomMultiple gathering spacesIndoor hot tub
- 57 days
- 401
- 21
Zillow last checked:
Listing updated:
Listed by:
Valerie Buss,
Kachemak Real Estate Group Real Broker,
Becky Turkington,
Kachemak Real Estate Group Real Broker
Source: AKMLS,MLS#: 26-9046
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Natural Gas, Other, Radiant Floor
Features
- BR/BA on Main Level, BR/BA Primary on Main Level, Ceiling Fan(s), Family Room, Solid Surface Counter, Wired for Sound
- Flooring: Carpet, Hardwood, Tile, Vinyl
- Windows: Window Coverings
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Gas
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,303
- Total interior livable area: 3,303 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, Attached, Heated Garage, No Carport
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Exterior features: Private Yard
- Spa features: Heated
- Has view: Yes
- View description: Bay, City Lights, Glacier, Mountain(s), Ocean, Spit, Unobstructed
- Has water view: Yes
- Water view: Bay,Ocean,Spit
- Waterfront features: None, No Access
Lot
- Size: 1.24 Acres
- Features: Covenant/Restriction, Landscaped, Views
- Topography: Sloping
Details
- Parcel number: 17406302
- Zoning: UNZ
- Zoning description: Not Zoned
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- New construction: No
- Year built: 2017
Details
- Builder name: Beachy Construction
Utilities & green energy
- Sewer: Septic Tank
- Water: Cistern, Water Delivered
- Utilities for property: Electric
Community & HOA
HOA
- Has HOA: Yes
Location
- Region: Homer
Financial & listing details
- Price per square foot: $362/sqft
- Tax assessed value: $1,107,400
- Annual tax amount: $5,697
- Date on market: 7/21/2026
Estimated market value
$1,163,500
$1.11M - $1.22M
$4,258/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/7/2026 | Pending sale | $1,195,000$362/sqft |
Source: | ||
| 8/14/2026 | Price change | $1,195,000-7.7%$362/sqft |
Source: | ||
| 7/21/2026 | Listed for sale | $1,295,000$392/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,697 +18.5% | $1,107,400 +17.4% |
| 2024 | $4,807 +25.2% | $943,500 +18.4% |
| 2023 | $3,839 -2.8% | $796,800 +5.4% |
| 2022 | $3,949 +4.3% | $756,100 +3.7% |
| 2021 | $3,787 +4.4% | $728,900 +2.5% |
| 2020 | $3,626 | $710,900 +4.7% |
| 2019 | $3,626 +28.1% | $678,800 +4.1% |
| 2018 | $2,830 -45.7% | $652,100 +96.3% |
| 2017 | $5,217 +910.3% | $332,200 +408% |
| 2016 | $516 | $65,400 |
| 2015 | $516 | $65,400 |
| 2014 | $516 | $65,400 |
| 2013 | -- | $65,400 |
| 2012 | -- | $65,400 -1.2% |
| 2011 | -- | $66,200 |
| 2010 | -- | $66,200 |
| 2009 | -- | $66,200 +5.4% |
| 2008 | -- | $62,800 +30% |
| 2007 | -- | $48,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 99603
Nearby schools
Schools provided by the listing agent
- Elementary: McNeil Canyon
- Middle: Homer
- High: Homer
Source: AKMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





