The Homer Spit is the end of the road on the Kenail Peninsula and the furthest south you can go along the Cook Inelt by land.  Going any further requires either a boat or a plane.  The spit has some very good fishing opportunities thanks to the efforts of local angling clubs and the Alaska Department of Fish and Game.

The Homer Spit has a very unique Salmon Hole. Here Salmon, both King Salmon and Silver Salmon are stocked each year, with the result being that these fish return in 4 to 6 years for their spawning run. Only thing is that there is no fresh water for them to spawn in, and they come to the hole basically to die, or be caught by anglers.

I am loading a Google Earth Image that  will show the major water geography of the Spit. The Salmon hole is the smallest of the Water features on the map. It is located 3.13 miles from FAA road as you travel onto the spit.  The first set of buildings on the Inlet side of the bay are across from the Salmon Hole and includes a tackle store which not only sells the baits you need, but also sells Homer Halibut Derby tickets earlier than the Derby Shack which opens at 6AM should you be taking one of the Halibut Boats out of the harbor.

The salmon hole begins to see action about the middle of June. Action with the Kings will continue through July 31. About that time the Silver Salmon will start to show up, and carry on through the end of September. 

At Lands End, you can also fish for Dolly Varden and Pollock which often come in close to the shore at this point.  Dolly Varden get to around 6 and 8 pounds and are a type of Arctic Char.  They can be found in both fresh and  salt water, but like salmon spawn in fresh water but do not die upon spawning.  You want to fish spinner baits parallel to the bank. The Dolly Varden are chasing bait fish which school up at the end of the Spit. They paralell the shore so casting out and reeling back in at a right angle tends to be ignored by the Dolly Varden.

Regulations for Ocean fishing are different from those of Freshwater, so check with the local tackle store on the regulations for keeping fish from the Homer Spit. The Regulations for freshwater fishing can be fount at http://www.sf.adfg.state.ak.us/Static/Statewide/regulations/southcentral/SCkenai.pdf . Alaska has regulations for ever body of water, and these can change daily if there are issues with the salmon run, or other issues.