Coldwell Banker Home Page

Local Realty Service Provided By: Coldwell Banker Endeavor Realty

Property view
Listing view 2
Listing view 3

40424 Gruening Street, 
Homer, AK 99603

$850,000


5

Beds


4

Baths


2,606

Sq Ft


Single Family

Active

Listed by

Gina Pelaia

Berkshire Hathaway HomeServices Alaska Realty

907-226-2226

Last updated:

September 1, 2026, 06:40 PM

MLS#

26-8688

Source:

AK AMLS

About This Home

40424 Gruening Street

Panoramic Glacier & Bay Views That Will Take Your Breath Away! As you wind your way up scenic Panorama Drive, you'll feel like you can almost reach out and touch the glacier. Perched on 3.07 private acres, this exceptional property boasts one of the most spectacular, completely unobstructed views of Kachemak Bay, the glaciers, mountains, and surrounding wilderness that Homer has to offer. Designed to showcase the incredible scenery, the home features 4 spacious bedrooms and 3 full bathrooms, with large private bedrooms and an open-concept living, dining, and kitchen area framed by walls of windows that capture the ever-changing beauty of the bay. Whether you're enjoying your morning coffee or watching the sunset, the views are unforgettable. Formerly a highly successful Bed & Breakfast, this property offers endless possibilities as a private residence, vacation home, or income-producing retreat. Recent improvements include a fully finished basement, adding valuable living space with a generous family room, as well as a new 896-square-foot detached garage perfect for vehicles, recreational toys, hobbies, or a workshop. A spacious utility area and an attached garage provide even more functionality. Adding to the property's unique charm is a one-of-a-kind igloo, creating a memorable gathering space or conversation piece unlike anything else. If you've been searching for privacy, acreage, incredible views, and a home with exceptional versatility, this is a rare opportunity to own one of Homer's most remarkable view properties. Experience Alaska at its finest--where every day begins and ends with a postcard-worthy panorama.

Home Facts

Single Family

4 Baths

5 Bedrooms

Built in 1992

Price Summary

850,000

$326 per Sq. Ft.

MLS #:

26-8688

Last Updated:

September 1, 2026, 06:40 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Building Area:

2,606 Sq. Ft.

Year Built:

1992


Lot

Lot Size (Sq. Ft):

133,729


Finances & Disclosures

Finances

Price:

$850,000

Price per Sq. Ft:

$326 per Sq. Ft.

MLS Logo
The listing content relating to real estate for sale on this website comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms 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. Listing content scraping by unauthorized personnel is strictly prohibited. Copyright © 2026 Alaska Multiple Listing Service, Inc. All Rights Reserved. Date Last Updated September 1, 2026

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.