Discover an extraordinary lakeside retreat where breathtaking scenery, thoughtful design, and income potential come together in one remarkable property. Tucked away at the end of a quiet cul-de-sac on the shores of Beluga Lake, this home offers an unparalleled lifestyle with sweeping views of Beluga Lake, Grewingk glacier, protected wetlands and towering mountains. From sunrise over the mountains to the evening alpenglow reflected across the water, every window showcases the beauty that makes Homer one of Alaska's most sought-after destinations. The thoughtfully designed main residence features natural wood, rough hewn beams, vaulted ceilings and a spacious open living area that blends warmth, comfort and functionality with two 3/4 bathrooms and one-bedroom. A cozy wood stove and new natural gas furnace create an inviting atmosphere year-round, while oversized windows flood the home with natural light and frame spectacular views in every direction. Designed for those who love to cook and entertain, the kitchen is equipped with premium Blue Star and Viking appliances, generous workspace, and an open layout that keeps Alaska's incredible scenery front and center. Adding exceptional versatility is a spacious lofted dry cabin, with a private dedicated 3/4 bath just steps away, that serves as guest accommodations, a private office, artist's studio, or peaceful retreat. With an established rental history of $1,250 per month, it provides immediate income potential while maintaining privacy for both owner and guest. Step outside onto the expansive lake view patio and soak in the peaceful surroundings from your private two-person hot tub. Eagles soar overhead, sandhill cranes frequent the wetlands, moose wander nearby, and the ever-changing skies over Kachemak Bay provide a daily visual masterpiece unlike anywhere else. The detached one-car garage with dedicated shop space offers plenty of room for vehicles, outdoor equipment, tools, fishing gear, hobby projects, or additional storage. High-speed internet and city utilities combine modern convenience with Alaska's rugged beauty, making the property equally suited for full-time living, remote work, or a luxury getaway. Buyers may appreciate the opportunity to explore future development possibilities, such as a boardwalk to your private lakeside float plane dock, subject to verification of zoning, permitting, and applicable regulations. If all of this wasn't enough, utility usage is so reasonable: Utilities not on Property Disclosure Ware/Sewer $48/mo Electric $92/Mo Natural gas $86/Mo Trash pickup (optional) $42/Mo This is a rare opportunity to own an Alaska retreat where every season brings unforgettable scenery, exceptional recreation, and the chance to generate supplemental rental income. Whether you're searching for a year-round residence, an unforgettable vacation home, or an investment in one of Alaska's most iconic coastal communities, 1241 Iris Court delivers a lifestyle that is truly second to none.