I'm considering a Land Lease for Residential property on these 2.2 acres. The lot is undeveloped, but city water and sewer is available to hook up to.
It's a perfect location for a vacation rental business, or even several, depending on what's alright with the city legally with its current zoing.
Yurts and small cabins rent out for $200/night in Homer, and almost none have direct beach access in the city, let alone control over a beach area. If I ran a kayak adventure business, it would be ideal.. it's located in the protected lee of the Spit, the tides are substantial but easy to work with, the beach is wonderful and well stocked with driftwood - and perfect for when conditions don't allow people to cross the Bay to the National Parks. It might be a great place to be for a few cabins for people to go when they can't fly into the McNeil River or other places due to weather: an interesting option for wilderness tour companies that want to provide a rustic Alaska experience.
The lease per month cost would be in 0.7% to 0.9% of the property value range, negotiable, depending on the intensity of the use and the area and impact it covered. A partial area can be considered as well.
Currently, the only improvement is a small gravel entry from the road, and some light trails. It will be work to develop a traditional home, but it would be ideal for light housing taking advantage of the well grown native plants, some large, old trees, and lots of highly variable little areas. It was inhabited by Athabaskan peoples before contact- but it is largely untouched natural habitat.