40015 Waterman Road, Homer, Alaska 99603

  • MLS#: 20-18442
  • Status: Active
  • Days on Market: 330

  • Beds: 5
  • Baths: 4.00
  • 2,074 sq.ft.
  • Year Built: 1979
  • 5.00 acres
  • Garage/Carport: 0 / 0

Property Details

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.

Property Features

Arctic Entry, BR/BA on Main Level, CO Detector(s), Den &/Or Office, Dishwasher, Electric, Fireplace, Laminate Counters, Range/Oven, Refrigerator, Smoke Detector(s), Telephone, Tile Counters, Washer &/Or Dryer, Washr&/Or Dryer Hkup, Window Coverings, Wood Stove

More Details

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  • Residential  
  • 217,800 sq.ft.  
  • Baseboard, Kerosene/Oil Heater, Stove 
  • Asphalt 
  • Cistern,Spring 
  • Septic Tank 
  • Bay, Glacier, Mountains, Ocean, Unobstructed 
  • None 
  • None 
  • Gently Rolling, Hilly, Level, Sloping, Steep, Wetlands 
  • Existing Structure 
  • 1B - Kenai Peninsula Borough 
  • Paul Banks/Homer 
  • Homer 
  • Homer 
  • 17442001 
  • No 
  • UNZ - Not Zoned 
  • , 59.692632, -151.411113 

Listing Office

Kachemak Keller Williams Realty Alaska Group