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For sale
    • Price cut: $61K (8/26)
    $198,000

    40854 Ruth Way, Homer, AK 99603

    1beds
    672sqft
    : 
    $1,268/mo
    Get pre-qualified
    Single Family Residence
    Built in 2022
    2.09 Acres Lot
    $-- Zestimate®
    $295/sqft
    $-- HOA

    What's special

    Cozy home
    This adorable cottage is tucked away on just over 2 private acres, offering peace, privacy, and the perfect Alaska retreat - just 15 minutes from the Homer Spit. Featuring 1 bedroom and 1 bathroom, this cozy home is ideal for those seeking a simpler lifestyle or weekend getaway. With no CCRs, you'll enjoy the freedom to make the property your own.The home is served by a spring-fed water source.
    98 days
    1,709
    91

    Zillow last checked:

    Listing updated:

    Listed by:

    Becky Turkington,

    Kachemak Real Estate Group Real Broker,

    Valerie Buss,

    Kachemak Real Estate Group Real Broker

    Source: AKMLS,MLS#: 26-6220MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • 3/4 bathrooms: 1
      Heating
      • Fireplace(s), Floor Furnace, Oil, Other
      Features
      • BR/BA Primary on Main Level
      • Flooring: Carpet
      • Windows: Window Coverings
      • Has basement: No
      • Has fireplace: Yes
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 672
      • Total interior livable area: 672 sqft

      Property

      Parking
      • Parking features: No Garage, No Carport
      Features
      • Has view: Yes
      • View description: Territorial
      • Waterfront features: None, No Access
      Lot
      • Size: 2.09 Acres
      • Topography: Level,Sloping
      Details
      • Parcel number: 17352038
      • Zoning: UNZ
      • Zoning description: Not Zoned

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cabin,Ranch
      • Property subtype: Single Family Residence
      Materials
      • Frame, Wood Siding
      • Foundation: Other
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 2022

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Spring

      Community & HOA

      Location
      • Region: Homer

      Financial & listing details

      • Price per square foot: $295/sqft
      • Tax assessed value: $188,800
      • Annual tax amount: $1,863
      • Date on market: 5/29/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,322/mo

        Price history

        DateEventPrice
        8/26/2026Price change$198,000-23.6%$295/sqft
        Source: AKMLS #26-6220 Report a problem
        5/29/2026Listed for sale$259,000-13.4%$385/sqft
        Source: AKMLS #26-6220 Report a problem
        11/10/2025Listing removed$299,000$445/sqft
        Source: AKMLS #24-12077 Report a problem
        3/11/2025Listed for sale$299,000$445/sqft
        Source: AKMLS #24-12077 Report a problem
        3/1/2025Listing removed$299,000$445/sqft
        Source: AKMLS #24-12077 Report a problem
        9/18/2024Listed for sale$299,000+12.8%$445/sqft
        Source: AKMLS #24-12077 Report a problem
        5/7/2024Listing removed$265,000$394/sqft
        Source: AKMLS #24-652 Report a problem
        3/12/2024Price change$265,000-10.2%$394/sqft
        Source: AKMLS #24-652 Report a problem
        3/4/2024Pending sale$295,000$439/sqft
        Source: AKMLS #24-652 Report a problem
        1/20/2024Listed for sale$295,000$439/sqft
        Source: AKMLS #24-652 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,863 -1.9%$188,800 +7.5%
        2024$1,900 +11.8%$175,600 +18.6%
        2023$1,699 +215.1%$148,000 +223.9%
        2022$539 +8.6%$45,700 +5.3%
        2021$497 +4.6%$43,400
        2020$475 $43,400 -3.3%
        2019$475 -3.9%$44,900
        2018$494 $44,900 +21%
        2017$494 +87.6%$37,100 +10.4%
        2016$263 $33,600
        2015$263 $33,600
        2014$263 $33,600
        2013-- $33,600
        2012-- $33,600 +33.3%
        2011-- $25,200
        2010-- $25,200
        2009-- $25,200 +5.4%
        2008-- $23,900 +29.9%
        2007-- $18,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 99603

        Getting around

        0 / 100
        Car-Dependent
        7 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Paul Banks/Homer
        • 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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