40015 Waterman Rd, Homer, AK 99603
40015 Waterman Rd, Homer, AK 99603
40015 Waterman Rd, Homer, AK 99603

40015 Waterman Rd
Homer, AK 99603

Home Highlights

Patio, Deck
Heating only
180+ days ago

Local Information

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Fabulous horse property! This 5BR/4BA home with a 6-stall horse barn & cabin/studio is nestled into an exquisitely private & truly extraordinary canyon landscape. The surrounding area is one of the last undisturbed wildlife corridors stretching from the Homer bench to the Skyline ridge. Enjoy the spectacular view from the deck while relaxing in your wilderness haven. Welcome to Magic Canyon Ranch! Magic Canyon Ranch is an exceptionally secluded property located only minutes from Homer, Alaska in an enchanted canyon bursting with birdsong and wildflowers and overlooking beautiful Kachemak Bay and the glacier-filled Kenai Mountains. A long, narrow drive under enfolding alders along Waterman Creek delivers you to the private canyon, which opens to an absolutely breathtaking view in a classic Alaskan wilderness setting.

Magic Canyon adjoins the upland 700-acre Inspiration Ridge Preserve, to be managed in perpetuity for conservation by the Center for Alaskan Coastal Studies. The canyon complex is an important wildlife corridor for black bears and moose who move seasonally between the lowlands and uplands. The canyon has three creeks, the largest riparian cottonwood grove in Homer, and a million-dollar view of Grewingk Glacier across the bay. The property connects to a canyon rim trail established in the 1950s by homesteaders originally for commercial berry picking, most notably rose hips. The canyon is almost entirely deciduous - alders, birches, wild roses, fireweed, and cottonwoods, with a sprinkling of spruce. The property is part of the original Waterman Homestead where John Waterman ran his herd of cattle and grew a locally renowned vegetable garden. Magic Canyon Ranch was for a time a top-tier Bed & Breakfast, so it comes with its own website and domain name, should the need arise again.

The five-bedroom country style house is a charmer. The property also includes:
six-stall horse barn with hay loft
small llama barn (makes a nice shed)
dry cabin perfect for yoga practice, artist studio, or kids playhouse (built from the wood of a single beetle-killed Lutz Spruce from Anchor Point)
old guest house in need of love (but has a new roof)

Although the historic place name is Waterman Canyon, it is now known as Magic Canyon by those who have lived in and love this magical place.

Home Details for 40015 Waterman Rd

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Dining Room
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 4
Dimensions and Layout
Living Area: 2074 Square Feet
Appliances & Utilities
Utilities: Phone AvailableAppliances: Dishwasher, Range/Oven, Refrigerator, Washer/DryerDishwasherDryerLaundry: Washr&/Or Dryer HkupRefrigerator
Heating & Cooling
Heating: Baseboard,Kerosene/Oil Heater,Stove,Fireplace(s)Has Heating
Fireplace & Spa
Fireplace: Wood Burning StoveHas a Fireplace
Windows, Doors, Floors & Walls
Window: Window Coverings
Levels, Entrance, & Accessibility
Stories: 2Levels: Two
Has a ViewView: Bay, Glacier, Mountain(s), Ocean, Unobstructed
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: Deck/PatioFencing: Fenced YardOther Structures: Barn/Shop, Shed(s)Exterior: Private YardFoundation: All Weather Wood, Block
Parking & Garage
No CarportHas a GarageNo Attached GarageNo Open ParkingParking: Other-See Remarks Garage,No Carport,RV Parking
Waterfront: NoneRoad Frontage: Private RoadResponsible for Road Maintenance: MaintainedRoad Surface Type: GravelNot on Waterfront
Water & Sewer
Sewer: Septic Tank
Farm & Range
Allowed to Raise Horses
Surface & Elevation
Topography: Gently Rolling, Hilly, Level, Sloping, Steep, Wetlands

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 1979
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Construction Materials: Wood Siding, Wood Frame - 2x6Not a New ConstructionDoes Not Include Home Warranty
Property Information
Parcel Number: 17442001

Price & Status

Price Per Sqft: $403

Active Status

MLS Status: Active


School Information
Elementary School: Paul Banks/HomerJr High / Middle School: HomerHigh School: Homer

Agent Information

Listing Agent
MLS/Source ID: 20-18442


Building Area
Building Area: 2074 Square Feet


Not Senior Community



Lot Information

Lot Area: 217800 Square Feet

Tax Information

Tax Legal Description: Skipper's View L1Tax Map Number: N/A


Water ViewWater View: Bay, Glacier, Ocean
Last check for updates: about 12 hours ago
Listing courtesy of Karen Marquardt
Kachemak Keller Williams Realty Alaska Group
Source: AKMLS, MLS#20-18442

Price History for 40015 Waterman Rd

Event DetailsPrice
Listed For Sale

Agent Provided

Listed For Sale
Agent Provided

New Listings near 40015 Waterman Rd

Property Taxes and Assessment

Home facts updated by county records

Price Trends

For homes in 99603
Typical home value
This home: $835,000 63% above
Typical Home Value by sqft
This home: $403 48% above
Price trends provided by third party data sources.

What Locals Say about Homer

  • Trulia User
    "Love it here. Beautiful and family friendly. Great churches. Beautiful community. Excellent hiking and lots of outdoor activities. Famous for halibut fishing."
  • Trulia User
    "You drive anywhere you need to go. Roads are not great, so expect a lot of car maintenance and/or a new car every couple of years. Parking is rarely a problem. "
  • Trulia User
    "I like the trails on my street, the availability to shops and restaurants and I can walk to nearly any errands that I have to do. "
  • Trulia User
    "This neighborhood has so many walking and biking trails. People generally are seen walking all over town rather than driving "
  • Trulia User
    "Lots of families children are involved in sports within the community. Many people walk around to shop and visit coffee shops rather than drive. "
  • Trulia User
    "The Spruceview up to Rangeview streets are among my favorites in Homer. They are a little ways off the beaten track, still kind of woodsy (especially Spruceview and Noview) and yet residents can easily walk to restaurants, the movie theater, the grocery store, etc. Noview and Rangeview dead-end at Woodard Creek so they are especially quiet."

LGBT Local Legal Protections

LGBT Legal Protections updated by Movement Advancement Project
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 Zillow, Inc. 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. Copyright 2021 Alaska Multiple Listing Service, Inc. All rights reserved.
40015 Waterman Rd, Homer, AK 99603 is a 5 bedroom, 4 bathroom, 2,074 sqft single-family home built in 1979. This property is currently available for sale and was listed by AKMLS on Dec 22, 2020. The MLS # for this home is MLS# 20-18442.