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Street View
$550,000
Monthly Est:$2,738
2 Beds
- 4 Baths
+ 2 half baths
1,200sqft
55220 Hill Ave, Homer, AK 99603
$550,000
$2,738/moEst:
Get Pre-Approved
Single Family Residence
Built in 2017
$-- HOA
4.62 acres lot
$458/sq.ft
Description
What if your next home came with a peony farm, guest cabin, large shop and a Kachemak Bay view? Set on 4.61 acres with mountain and water views, this one-of-a-kind property brings together a home, workspace, established growing infrastructure and a lifestyle that is uniquely Alaskan. The approximately 1,200 sq ft main building, constructed in 2017, offers a versatile barndominium style live/work configuration. Downstairs, the shop provides abundant room for parking, equipment, projects and farm operations. A peony packing cooler is already in place, along with a full bathroom and open living space, that could potentially be enclosed with the upstairs space to have more defined living vs working space. Upstairs you'll find the kitchen, bedroom and half bath, surrounded by views of the property and mountains beyond.
A separate approximately 600 sq ft one bedroom one and half bath cabin built in 2007, adds even more flexibility. Use it for additional living space, guests, a caretaker, studio or whatever best fits your vision.
Outside is where this property really sets itself apart. Known as Spit Sisters Farm, the property became particularly known for its coral peonies, and includes two high tunnels filled with flowers and fruit trees, along with established outdoor peony and berry growing areas, with approximately 75 black currant bushes and nagoonberries. A new owner would be welcome to apply to join the peony co-op, offering an opportunity to build upon what has already been established.
Solar panels, a pond utilized for irrigation and additional water-catchment systems help make the property self-sufficient and functional.There is plenty of room to continue expanding, and quite a bit of equipment already on the property will help give you a headstart on any peony dreams!
Continue to grow the flower farm, create a homestead, run a home-based business, put the shop space to work, create a multi-generational setup, or some combination of all of the above! This is a property with the space, versatility and established groundwork to evolve alongside its next owner. Live in a place that gives you the space to dream bigger.
- Houzeo last checked: 7 hours ago
- Listing updated: October 3, 2026 at 1:20 am
- Listing Provided by: Becky Turkington (503) 298-3217 DRE #188838, Valerie Buss (907) 202-6116 DRE #156938 | Kachemak Real Estate Group Real Broker (907) 235-7733
- Source: Alaska MLS-AK | MLS#: 26-12317

Property Details
Status
Pending
Type
Single Family Residence
No. of Stories
-
County
--
City
Neighborhood
--
Year Built
2017
HOA Fees
-
Finished Area
1,200 sqft
Lot Size
4.62 acres lot
Basement Area
- sqft
MLS Name
Alaska MLS
MLS Number
26-12317
MLS Status
Pending
Days on Market
16

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 4
Interior
Flooring
Laminate
Heating
Oil, Radiant, Radiant Floor
Sewer
Septic Tank
Interior Features
Refrigerator, Br/ba On Main Level, Electric, Pantry, Washer &/or Dryer Hookup
Construction
Year Built
Year Built: 2017
Home type
Single Family Residence
Foundation Details
Slab
Architectural Style
Cabin, Multi Level
Roof
Metal
Construction Materials
Wood Frame
Utilities & Energy
Water Source
Cistern, Water Delivered
Parking Features
Attached, Heated
Other Features
Lot Features
Sloping
Price History
| Date | Event | Price |
|---|---|---|
10/03/2026 Source: | Pending | $550,000 $458/sqft |
09/24/2026 Source: | Listed for Sale | $550,000 $458/sqft |
Nearby Homes
Find Homes by Property Features in Homer, AK
Based on information from Alaska MLS through Oct 09, 2026, 02:30PM but not compiled or published by Alaska MLS. Data maintained by Alaska MLS may not reflect all real estate activity in the market. Listing content is believed accurate but not guaranteed. The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Congress Realty Inc. are marked with either the listing brokerage's logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. The information or data used in this publication is copyrighted by Alaska MLS 2024 and no portion may be reproduced, redistributed or retransmitted without the express permission of Alaska MLS. Further, Alaska MLS does not warrant the accuracy of the information or data contained herein.© 2026 Alaska Multiple Listing Service Inc. All rights reserved.
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