$6,234 Closing Credit¹
#25-4260, Listing Office: Congress Realty, Inc
$525,000 List price
468 Rainbow Ct Homer, AK 99603
$6,234
Closing credit¹
4 beds
2 full
0.5 acres
House
Property details
About 468 Rainbow Ct
Beautiful 4-bedroom, 2-bath home, open floor plan, high ceilings,southerly facing windows,oversized in town lot, newly painted and investment potential. and includes a separate 485 sq. ft. rental cabin/home, currently re nted for additional income. Bedroom/bath plus second living room on the ground floor. Save your gasoline and walk to stores and schools. Love living here!!! Step outside onto the expansive deck, perfect for relaxing, dining, or enjoying the serene surroundings. The huge basement provides endless possibilitieswhether you need extra storage, a home gym, or potential for additional living space. Outside, the generous lot offers ample space for gardening, play, or future expansion. The rental cabin adds incredible value, whether as a steady income stream or a private guest retreat. Don't miss this incredible opportunity to own a home with built-in rental income in one of the most convenient locations in town! Closing/recording is subject to completion of the Probate process. Almost complete!!! Motivated seller!
Highlights
Home typeResidential
HeatingOil, Wood Stove
StatusActive
Lot size0.48 Acres
Year built1979
MLS #25-2486
Summary
- Full Bathrooms: 2
- Interior: Carbon Monoxide Detector, Wood Stove
- Total Bedroom Count: 4
- Architectural Style: Two-Story Tradtnl
- Heating: Oil, Wood Stove
- List Price: $525,000
- Annual Tax Amount: $3,414
- Tax Year: 2024
- Directions: In Homer town center take Kachemak Way to Rainbow Ct. (right) on Rainbow Ct. Home is second home on the left. See real estate sign.
- Year Built: 1979
- Stories: 2
- Lot Size: 0.48 Acres
- MLS Number: 25-2486
- MLS Name: Alaska Multiple Listing Service
- Office Name: Homer Real Estate
- Office Phone: (907) 235-5294
- Office Email: homerrealestate@gmail.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: 5/2/2025, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$525,000
468 Rainbow Ct
$6,234
closing credit¹
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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 | $409,800 | $3,414 |
| 2023 | $346,200 | $3,369 |
| 2022 | $330,500 | $3,714 |
| 2021 | $323,600 | $3,701 |
| 2020 | $315,600 | $3,610 |
| 2019 | $307,200 | $3,414 |
| 2018 | $296,900 | $3,414 |
| 2017 | $286,100 | $3,232 |
History based on county public records data.
Nearby schools
7
Fireweed Academy
Public Charter KG-6
1.3 mi
•995 Soundview Ave
6
West Homer Elementary School
Public District 3-6
1.3 mi
•995 Soundview Ave Ste 1
7
McNeil Canyon Elementary School
Public District KG-6
11.7 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 $49,778. The majority of Homer, AK residents have income less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
38%
<35k
38%
35k-100k
19%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
48%
Single, No Kids
13%
Single, with Kids
25%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
18%
18-34 yrs old
45%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Hunting
Figure Skating
Soccer
Where do the neighbors shop?
Dick's Sporting Goods
Kmart
Old Navy
Where do the neighbors go to eat?
Texas Roadhouse
Bob Evans
Jimmy Johns
What do the neighbors drive?
Subaru
Buick
GMC
What do the neighbors listen to?
New Country
Oldies
News/Talk/Information
All data provided by Home Junction and Claritas
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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 468 Rainbow Ct
The listing price of 468 Rainbow Ct property is $525,000.
The property 468 Rainbow Ct is a house located in Homer, Alaska, 99603.
Active Listing: 468 Rainbow Ct is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 468 Rainbow Ct 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 $3,414 (source: MLS/based on county public records data).
The property at 468 Rainbow Ct has 4 bedrooms and 2 bathrooms.
The year of construction for 468 Rainbow Ct is 1979.
This home is located at 468 Rainbow Ct in Homer, AK and zip code 99603. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 11, 2025 and is currently priced at $525,000.
The number of homes for sale in Homer, AK decreased by 1.1% between March and April 2025. Listings spent 156 days on the market in April 2025, and had a median list price of $498,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.