48526 Morrison Dr, Homer, AK, 99603
About This Home
Rustic Cabin with Room to Grow -Discover the charm and potential of this beautiful acreage in Homer, featuring a 384 sq ft functional cabin tucked into the corner of the lot--leaving the rest wide open for your vision. With a mountain top view and second story expansive view, carport for covered parking, a raised platform for additional use, and plenty of space to expand,this property offers incredible development potential. Whether you're dreaming of building your dream home, creating a compound, or enjoying a peaceful Alaskan getaway, this property gives you the freedom to do it all. A rare opportunity to own usable acreage with existing infrastructure in a prime Homer location!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1987
Materials
- Foundation: Post on Pad
- Roof: Metal
- Construction materials: Frame,Wood Siding
Notable Dates
- Major remodel year: 2006
Type & Style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Washer &/Or Dryer
Bedrooms & Bathrooms
- Bedrooms: 1
Features
- Storage
- Fireplace features: Wood Burning Stove
- Fireplace: Yes
- Common walls with other units/homes: No Common Walls
Heating
- Heating features: Wood,Wood Stove
Interior Area
- Total structure area: 384
- Total interior livable area: 384 sqft
Property
Details
- Parcel number: 18531026
- Zoning: UNZ
- Zoning description: Not Zoned
Features
- Has view: Yes
- View description: Mountain(s),Partial
- Waterfront features: None,No Access
- Topography of land: Level
Lot
- Lot size: 1.93 Acres
- Features: Road Service Area,Views
Parking
- Parking features: RV Access/Parking,No Garage,Attached Carport
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Avalanche
- Earthquake
- Winter Weather
- Landslide
- Wildfire
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kenai Peninsula Borough and Alaska
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,137 | $13,644 |
| Home Insurance | $73 | $876 |
| Property Taxes | $191 | $2,292 |
| Electricity | $318 | $3,820 |
| Total | $1,719 | $20,628 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-23 | Price change | $245,000 |
| 2025-11-05 | Price change | $275,000 |
| 2025-09-12 | Price change | $295,000 |
| 2025-08-07 | Listed for sale | $325,000 |
For Sale by Agent
View on Zillow