Beautiful 2280 sq. ft 4-bedroom, 2-bath home plus office, views!, high ceilings,southerly facing windows,oversized in town lot, newly painted . Includes 485 sq.. ft. rental , currently rented for $1,200 p.mo. Large intown lot, almost 1/2 acre. Very peaceful neighborhood. B&B potential. Motivated seller!!! Step outside onto the expansive deck, perfect for relaxing, dining, or enjoying the serene surroundings. The huge basement provides endless possibilities whether you need extra storage, a home gym, or potential for additional living space.Two levels make it perfect to BnB one level and live on the second. Outside, the generous lot offers ample space for gardening, play, or future expansion. The rental cabin adds incredible value, whether as a steady income stream or a private guest retreat. Don't miss this incredible opportunity to own a home with rental income in the 485 sq.ft home currently rented on a month to month basis. in one of the most convenient locations in town yet a nice quiet side street. Walk to stores within less than 10 minutes. Closing/recording is subject to completion of the Probate process scheduled with the courts 8 August.!
For sale
Price cut: $25K (7/25)
$425,000
468 Rainbow Ct, Homer, AK 99603
4beds
2,280sqft
Est.:
Single Family Residence
Built in 1979
0.48 Acres Lot
$414,400 Zestimate®
$186/sqft
$-- HOA
What's special
- 151 days
- on Zillow |
- 430 |
- 21 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: July 25, 2025 at 03:48pm
Listed by:
Marjolein Cardon,
Homer Real Estate,
Margaux Sheppard,
Homer Real Estate
Source: AKMLS,MLS#: 25-2486

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Oil, Wood Stove
Features
- BR/BA on Main Level, BR/BA Primary on Main Level
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Wood Burning Stove
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,280
- Total interior livable area: 2,280 sqft
Property
Parking
- Parking features: No Garage, No Carport
Features
- Levels: Two
- Stories: 2
- Waterfront features: None, No Access
Lot
- Size: 0.48 Acres
- Topography: Level
Details
- Parcel number: 17704023
- Zoning: RR
- Zoning description: Rural Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Frame - 2x6, Wood Siding
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Homer
Financial & listing details
- Price per square foot: $186/sqft
- Tax assessed value: $409,800
- Annual tax amount: $1,424
- Date on market: 3/11/2025
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