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Mixed-Use Land for Sale in Homer, Alaska

5260 Kachemak Dr, Homer, AK 99603

$6,750,000
2 acres
Active
$2.8m drop
Est $52,596/mo

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 decor, 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.

Location

Street address
5260 Kachemak Dr
Elevation
59 feet
Coordinates
59.667, -151.4381

Property details

Acreage
2 acres
Posted

Listing history

DateEventPriceChangeSource
Aug 19, 2025Price drop$6,750,000$2,750,000 -28.9%Listing agent
Mar 25, 2025New listing$9,500,000Listing agent
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This 2-acre property is located at 5260 Kachemak Dr in Homer, AK 99603. The property is available for sale for $6,750,000 with a price per acre of $3,375,000.

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