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1850 Highland Dr, Homer, AK, 99603

7beds
6baths
7,641sqft
$3,690,000
$483price/sqft
$23,722/moest. monthly cost
$948,880/yrincome needed

About This Home

There are homes that fit a place. Then there are homes that define it.This is one of those homes.Set high above the world, it looks across mountains, water, and sky with the quiet confidence that only true privacy can offer. Nothing crowds it. Nothing competes with it.Built with an unwavering commitment to quality, this home was designed to stand the test of time. Natural stone,rich hardwood floors, limestone finishes, and finely crafted millwork create a sense of quiet luxury that feels every bit as relevant today as when it was first built. The ceilings rise without apology. Light moves effortlessly through every room. Each space feels settled, calm, and exactly where it belongs. At the heart of the home, the kitchen was created for those who love both cooking and gathering. Exceptional craftsmanship, generous workspaces, premium appliances, including a Sub-Zero refrigerator, and thoughtful design make it equally suited for intimate family dinners or unforgettable celebrations. The primary suite is a retreat at day's end. Spacious, peaceful, and beautifully appointed, it offers the kind of comfort and serenity usually reserved for a fine spa. Outside, the grounds have matured into something truly special. Meticulously maintained gardens surround a lawn kept to the standard of a championship golf course. Every path, every planting, and every view feels intentional, creating a landscape that is as welcoming as it is beautiful. A true three-car garage provides room for vehicles, recreational gear, and everyday living without compromise. A private lower-level apartment offers comfort and independence for extended family, guests, or a caretaker. Beyond the home, a detached shop creates space to build, create, pursue hobbies, or simply keep life's tools where they belong. Some homes are measured by square feet. This one is measured by the life it makes possible. By quiet mornings overlooking the bay. By evenings spent gathered around the table. By celebrations shared with family and lifelong friends. By the rare feeling of arriving somewhere that simply feels right. There is only one like it.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Schools

8/10
10/10
Homer Middle SchoolGrades 7-81.6 mi
8/10
Homer High SchoolGrades 9-122.4 mi

Construction

Condition

  • Year built: 1998

Materials

  • Foundation: Concrete Perimeter,Quad-Lock
  • Roof: Composition,Shingle
  • Construction materials: Frame,Wood Siding

Notable Dates

  • Major remodel year: 2025

Other

  • Builder name: Beachy Construction

Type & Style

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

Interior

Appliances

  • Laundry features: Washer &/Or Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 6
  • Full bathrooms: 4
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Central Vacuum,Den &/Or Office,Granite Counters,Vaulted Ceiling(s)
  • Flooring: Hardwood,Stone
  • Fireplace features: Gas
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating

  • Heating features: Fireplace(s),Natural Gas,Radiant

Interior Area

  • Total structure area: 7,641
  • Total interior livable area: 7,641 sqft

Property

Details

  • Parcel number: 17529001
  • Zoning: RR
  • Zoning description: Rural Residential

Features

  • Patio & porch: Deck/Patio
  • Exterior features: Private Yard
  • Has spa: Yes
  • Spa features: Bath
  • Has view: Yes
  • View description: Bay,City Lights,Glacier,Mountain(s),Ocean,Spit,Unobstructed
  • Has water view: Yes
  • Water view: Bay,Ocean,Spit
  • Waterfront features: None,No Access
  • Topography of land: Gently Rolling,Level
  • Horses can be raised: Yes

Lot

  • Lot size: 13 Acres
  • Features: Horse Property,City Lot,Landscaped,Views

Parking

  • Total spaces: 3
  • Parking features: Garage Door Opener,Attached,Heated Garage,No Carport
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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 $18,658$223,896
Home Insurance $1,210$14,520
Property Taxes $2,581$30,972
Electricity $1,273$15,284
Total$23,722$284,664

Income You'd Need if You Spent...

35% on housing$813,325/yr
40% on housing$711,660/yr
45% on housing$632,586/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

$483This listing

vs Other Active Listings

Avg $/sqft

ZIP 99603$281
Kenai Peninsula Borough$246

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
2026-07-20Listed for sale$3,690,000

For Sale by Agent

AgentChristopher L Story
BrokerageStory Real Estate

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