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L1-2 Otter Cove, Homer, Alaska

$1,495,000 REDUCED 12%
  • $1,495,000
  • 4,808
  • 8.73
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Otter Cove Resort is located on 8.73 waterfront acres in Eldred Passage just 5 miles across Kachemak Bay from Homer, Alaska. Just a short boat ride and you are in a lush maritime forest surrounded by Kachemak Bay State Park. The private beach is the perfect place to start a sea kayaking excursion, a beachcombing adventure, or head into the forest for a spectacular hike.The beautifully crafted 3,908 square foot main lodge features a huge covered deck that is the perfect spot to take in the waterfront views and spot the namesake otters. Inside there is an open and spacious dining/gathering area with fireplace, conference room, manager's unit, and a gourmet professional kitchen. The resort has two cedar duplex camping style cabins with covered decks situated in the lush coastal forest with views of the bay. This great location makes the cabins the perfect base for kayaking, hiking, fishing, and clamming. Each unit has a large covered deck in front and is complete with electricity, and propane heat for your comfort. There are four bunks in each unit- two doubles and two twin sized- to accommodate a variety of sleeping arrangements. "His and hers" bath house with coin-op showers, flush toilets, and vanity sinks are available. A cook shack is available for cabin guests to prepare meals. Stove, refrigerator, coffee pot, microwave, cooking and eating utensils are available for cabin guests shared use. Two additional cabins house employees and there is an engineered on-site septic system and potable water storage facility with water rights. The dock system includes a 40 ft. pier with a 50 ft. ramp and 211 ft. floating dock. Fantastic hiking is available on the Kachemak Bay State Park trail system via the Otter Cove Spur Trail and great mountain biking is just around the corner off the Jakolof Bay Road. The Red Mountain and Rocky River roads are prime routes and trails lead along the shore and right across the peninsula through forest and meadows for berry picking. World class fishing is right out the front door as Kachemak Bay is an important fish and shellfish rearing area, with an abundance of herring, salmon, and halibut. Popular on-the-water summer activities include sport fishing for halibut and salmon, wildlife watching, kayaking, and exploring the pristine beaches.

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Essential Information

  • MLS® # 16-8443
  • Price $1,495,000
  • Square Footage 4,808
  • Acres 8.73
  • Year Built 2000
  • Type Business Op
  • Sub-Type B & B, Commercial Charter, Food Services, Restaurant
  • Status Active

Community Information

  • Address L1-2 Otter Cove
  • Area 498 - South Side of Kachemak Bay
  • Subdivision US Survey 4740 L1-2
  • City Homer
  • State Alaska
  • Zip Code 99603

Amenities

  • Features Living Quarters, Wtrfnt-Actual Frntg
  • View Bay, City Lights, Mountains, Unobstructed, Ocean

Interior

  • Heating Monitor
  • # of Stories 2

Exterior

  • Exterior Wood
  • Roof Metal
  • Construction Wood Frame
  • Foundation All-Weather Wood, Post on Pad

Additional Information

  • Date Listed May 26th, 2016
  • Days on Market 1212
  • Zoning UNK - Unknown

Listing Details

  • Listing Office: Coastal Realty - Homer

Financials

  • $/SqFt $311

Price & Status History

Date Details
Price Reduced from $1,690,000 to $1,495,000

Neighborhood Information

Moderate Residential Turnover, Coastal Area

  • Icon of money $315,000

    Median Price

  • Icon of a grid layout $165

    Median Price/Sqft

  • Icon of a bar graph 97.51%

    Sale/List Ratio

  • Icon of a house 116

    # of Homes SoldWithin the Last Year

  • Icon of a person walking N/A

    Walk Score®

  • Icon of a raincloud 25.45″

    Annual Precipitation

  • Icon of a sun 29.30°F /61.00°F

    Avg. Highs -
    Jan/July

  • Icon of a cloud and moon 17.50°F /47.20°F

    Avg. Lows -
    Jan/July

  • Icon of a group of people 10,422

    PopulationBased on Nearest ZIP Code

  • Icon of a person 39

    Median Age

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Listing information last updated on September 19th, 2019 at 12:49pm AKDT.