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For sale
  • $1,295,000

    40772 Morning Star Rd, Homer, AK 99603

    4beds
    3,303sqft
    : 
    $7,685/mo
    Get pre-qualified
    Single Family Residence
    Built in 2017
    1.24 Acres Lot
    $1,242,800 Zestimate®
    $392/sqft
    $-- HOA

    What's special

    Generous kitchenWalk-in tiled showerIn-floor heatEnormous walk-in storage areaMedia roomMultiple gathering spacesIndoor hot tub
    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.
    6 days
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    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#: 26-9046MLS Logo

      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: $392/sqft
      • Tax assessed value: $1,107,400
      • Annual tax amount: $5,697
      • Date on market: 7/21/2026

        Estimated market value

        $1,242,800

        $1.18M - $1.30M

        $3,381/mo

        Price history

        DateEventPrice
        7/21/2026Listed for sale$1,295,000$392/sqft
        Source: AKMLS #26-9046 Report a problem

        Public tax history

        YearProperty taxesTax 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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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 99603

        Getting around

        7 / 100
        Car-Dependent
        41 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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