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1176 Virginia Lynn Way, Homer, AK, 99603

3beds
2baths
1,008sqft
$439,000
$436price/sqft
$3,040/moest. monthly cost
$121,600/yrincome needed

About This Home

Conveniently located in a quiet neighborhood just minutes from downtown Homer this uniquely designed home presents a quintessential Alaska experience. Combine snow capped mountain and lakeside vistas with occasional moose and meandering sandhill cranes. Interiors feature the warmth of natural birch plywood paneling, picture windows providing abundant natural light.The best of both worlds!The kitchen features a high-end oversized refrigerator with chilled, filtered water and pull out chest freezer with automatic ice, a gas range, microwave, dishwasher, butcher block countertops, white cabinets. The great room design allows for flexibility of dining and living room arrangement with large picture windows and a gas burning fireplace for winter heating efficiency and ambience. With less than half of the lot developed, there's plenty of space to expand... Add a garage or shop, wrap-around decks, mother-in-law unit or rental suite, gardens and greenhouses. Wild scaping is ready for your own creative touches to make it your own. And the expansive parking area off of city maintained roads, makes getting in and out and around a breeze. Whether for an individual or couple looking for that special place for themselves with room for an expansive study and fabulous guest room to host visiting family and friends, or for a family desiring 3 bedrooms to accommodate their growing needs, this home combines unique upscale design with functionality and the ease of in-town living... a short walk or drive to downtown while still living at the edge of the wild that Homer is so famous for. With this home and location, you can have it all!

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

--
10/10
Homer Middle SchoolGrades 7-81.5 mi
8/10
Homer High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 2021

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Metal
  • Construction materials: Metal Siding,Frame,Metal,Wood Siding

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • BR/BA on Main Level,Ceiling Fan(s),Granite Counters
  • Fireplace features: Gas
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating

  • Heating features: Natural Gas

Interior Area

  • Total structure area: 1,008
  • Total interior livable area: 1,008 sqft

Property

Details

  • Parcel number: 17913206
  • Zoning: UR
  • Zoning description: Urban Residential

Features

  • Waterfront features: None,Bay Access,Inlet Access,Lake Privileges,Slough/Estuary Access

Lot

  • Lot size: 0.30 Acres

Parking

  • Parking features: No Garage,No Carport

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
    AvalancheVery High
  • Earthquake
    EarthquakeVery High
  • Winter Weather
    Winter WeatherVery High
  • Tsunami
    TsunamiRelatively High
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Avalanche
Earthquake
Winter Weather
Tsunami
Wildfire

FEMA Declared Disasters in Kenai Peninsula Borough and Alaska

Flood
Mud Landslide
Other
Severe Storm

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

MonthlyAnnual
Mortgage $2,219$26,628
Home Insurance $143$1,716
Property Taxes $360$4,320
Electricity $318$3,820
Total$3,040$36,480

Income You'd Need if You Spent...

35% on housing$104,228/yr
40% on housing$91,200/yr
45% on housing$81,066/yr

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.

Insurance Growth Rate5-year average: -0.9%
-0.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$436This listing

vs Other Active Listings

Avg $/sqft

ZIP 99603$292
Kenai Peninsula Borough$248

vs Homes Sold Last Month

Median $/sqft

ZIP 99603
Kenai Peninsula Borough$277

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)

Price History

DateEventPrice
2026-07-31Listed for sale$439,000
2026-04-29Listing removed$2,300
2026-04-21Listed for rent$2,300

For Sale by Agent

AgentIan Reid
BrokerageStory Real Estate

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