#25-2656, Listing office: Kachemak Keller Williams Realty Alaska Group
Property details
About 40997 Ruth Way
She's back on the market, and honey, she's had some work done. After a little time away for a fresh coat of paint and a full interior glow-up, this house is turning heads with her new look. Think of it as a tasteful facelift, no overdone Botox here, just the perfect blend of charm and refresh. Come see her ready to impress. This home is truly a MUST-SEE. East Coast meets allure, charm and tranquility in this 4 bedroom 2 bath home. Featuring a multitude of outbuildings, a 1,080 sq ft shop, greenhouse, chicken coop, lighthouse with a comfortable sitting area, sauna, expansive back deck, and wrap-around covered front porch. Step inside the front door, and you are greeted with warmth and character. From the original oak hardwood floors to the impressive open staircase, a living room meant for entertaining, a dining room surrounded by windows illuminating in natural light that opens to the farmhouse kitchen and large pantry area. Off the master bedroom is an attached ideal sitting or yoga room with large open windows and whitewashed walls. Enjoy evenings in the lighthouse for incredible sunsets and a birdseye view of Cook Inlet and volcanoes. Summer afternoons are meant for hours lounging on the large back deck and relaxing in the evenings on the front covered porch. This home is truly one-of-a-kind!
Highlights
Home typeResidential
HeatingOil
StatusActive
Lot size1.22 Acres
Year built1986
MLS #25-7977
Garage3 spaces
ViewMountain(s)
Summary
- Flooring Type: Hardwood
- Interior: Family Room, Pantry, Sauna
- Total Bedroom Count: 4
- Garage Space: 3 spaces
- View: Mountain(s)
- Exterior: Private Yard, Road Service Area, Sun Room
- Architectural Style: Two-Story Tradtnl
- Heating: Oil
- List Price: $639,000
- Annual Tax Amount: $1,567
- Tax Year: 2024
- Directions: Sterling Hwy to Diamond Ridge. Left on Ruth Way, driveway is on the left.
- Year Built: 1986
- Stories: 2
- Lot Size: 1.22 Acres
- MLS Number: 25-7977
- MLS Name: Alaska Multiple Listing Service
- Office Name: Kachemak Keller Williams Realty Alaska Group
- Office Phone: (907) 235-7733
- Office Email: info@kachemakgroup.com
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 this broker 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. All square footages are approximations. School boundaries are subject to change. Information is not guaranteed and should be independently verified for accuracy.
Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/19/2025, 2:40:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $494,900 | $1,567 |
| 2023 | $461,500 | $1,280 |
| 2022 | $380,200 | $356 |
| 2021 | $350,000 | $3,432 |
| 2020 | $360,900 | $3,401 |
| 2019 | $338,400 | $3,358 |
| 2018 | $355,300 | $3,358 |
| 2017 | $379,700 | $3,560 |
History based on county public records data.
Nearby schools
7
Fireweed Academy
Public Charter KG-6
4.4 mi
•995 Soundview Ave
6
West Homer Elementary School
Public District 3-6
4.4 mi
•995 Soundview Ave Ste 1
7
McNeil Canyon Elementary School
Public District KG-6
15.2 mi
•52188 E End Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $74,486. The majority of Homer, AK residents have income between $100k-200k annually. The majority of families are married, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
30%
<35k
32%
35k-100k
34%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
35%
Single, No Kids
9%
Single, with Kids
37%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
9%
12-17 yrs old
15%
18-34 yrs old
54%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dick's Sporting Goods
Dillards
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Hardee's
What do the neighbors drive?
Subaru
Cadillac
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
Living in Homer, AK
Transport in Homer includes a network of roads that connect residents to the rest of the Kenai Peninsula and beyond. Public transportation options are available, with schedules designed to accommodate the needs of the community. The area is known for its walkable downtown and the Spit, which are friendly to pedestrians and cyclists alike. Ride-sharing services are present, complementing the existing transport infrastructure and providing additional mobility solutions for residents and visitors.
The community benefits from a selection of essential services, including public schools that serve different age groups, healthcare facilities equipped to provide primary care and emergency services, and a public library that serves as a hub for learning and local culture. Retail and dining experiences are reflective of the local culture, with an emphasis on seafood and locally-sourced ingredients. The town is responsive to the needs of its residents, with services evolving to meet the demands of its growing population.
Homer is celebrated for its artistic community and the iconic Homer Spit, a long strip of land reaching into the bay that's lined with shops and restaurants. The town prides itself on its connection to nature, with numerous outdoor activities such as fishing, hiking, and wildlife viewing that define the local lifestyle. Annual events like the Homer Halibut Festival reflect the town's maritime heritage and tight-knit community spirit.
Homer's housing market offers a scenic blend of rustic and contemporary styles, with single-family homes dotting the landscape, many providing stunning views of Kachemak Bay. The market is diverse, with a mix of older, cabin-style homes and newer constructions that reflect the region's natural aesthetic. While single-family homes are prevalent, there are also options for those seeking condominiums or townhouses, accommodating a range of lifestyle preferences.
About 40997 Ruth Way
The listing price of 40997 Ruth Way property is $639,000.
The property 40997 Ruth Way is a house located in Homer, Alaska, 99603.
Active Listing: 40997 Ruth Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 40997 Ruth Way are: Fireweed Academy (GreatSchools Rating 7/10), West Homer Elementary School (GreatSchools Rating 6/10), McNeil Canyon Elementary School (GreatSchools Rating 7/10), Homer Middle School (GreatSchools Rating 8/10), Chapman School (GreatSchools Rating 3/10), Homer High School (GreatSchools Rating 8/10), Homer Flex School (GreatSchools Rating 6/10), Nikolaevsk School (GreatSchools Rating 10/10).
According to the records, the last property tax for 2024 is $1,567 (source: MLS/based on county public records data).
The property at 40997 Ruth Way has 4 bedrooms and 2 bathrooms.
The year of construction for 40997 Ruth Way is 1986.
This home is located at 40997 Ruth Way in Homer, AK and zip code 99603. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 26, 2025 and is currently priced at $639,000.
The number of listings in Homer, AK increased by 4.5% between May and June 2025. The median list price of listings available in June 2025 was $499,000, while the average time on the real estate market was 147 days.
From Rocket Homes Real Estate and based on county public records data.