Kick back and relax in South Lakes, a Wasilla neighborhood offering budget-friendly homes with plenty of acreage, amenities, and an easy commute to Anchorage. "This is a great place for folks looking to buy land or new construction without the hefty prices," says Realtor Richelle Killian with Keller Williams Realty Alaska Group. "Prices here are more budget-friendly than in Anchorage, but you can still easily commute to the city."
Houses here offer plenty of room to spread out, with larger lots that offer plenty of elbow room. You'll find homes sitting on lots between one and two acres, making it easy to create your perfect homestead. You'll find a mix of ramblers, split levels with cabin-like lumber exteriors, and spacious new construction. Closer to the lakes, you'll also find waterfront homes with private docks so you can fish, swim or boat whenever the mood strikes. Homes prices here range from $300,000 for a rambler, around $500,000 for a split level or new construction and up to $700,000 for a home on the water. On average, the more land your home has, the pricier your new home might be.
Students attend schools within the Matunuska-Sisitna School District, including Cottonwood Creek Elementary. The school scored above average for test scores and student progress on Great Schools. Students here can participate in after-school activities like Chess Club, Math Olympiad and Science Olympiad. Teeland Middle School is rated average for test scores on Great Schools and offers students the chance to get homework and test support with the school's study hall program. The school also provides an after-school Art Adventure program, a Guitar Club and a Math Lab. Grades nine through twelve attend Colony High School, which scored above average for test scores and college readiness on Great Schools. The school provides a comprehensive college and career counseling center that schedules college visits, holds SAT prep courses and offers help with financial aid and scholarship opportunities.
One of the area's perks is your proximity to over a dozen lakes and plenty of outdoor recreation areas. Head to Wasilla Lake or Cottonwood Creek Lake for boating, kayaking and ice fishing. Newcomb Park offers public access to Wasilla Lake, where you can swim, walk along well-maintained trails, have a picnic or take kids to the colorful playground. Cottonwood Creek Park is a favorite for hiking in the area. You can hike along the forested creek, fish, forage and explore. Just make sure you bring plenty of bear spray!
Parks Highway is also where you'll find most of the area's dining and retail. Head to big box stores like Target, Fred Meyer and Petco for all the daily necessities. There are primarily fast-food restaurants here, but you'll also find local favorites like Hacienda Mexican. This colorful Mexican American restaurant is perfect for grabbing tacos and enchiladas when you don't want to cook. When you want a sweet treat, get a baker's dozen at beloved Holy Moley Donuts. For a little more, you can take Parks Highway into Downtown Wasilla, home to more locally owned restaurants, boutiques and breweries. Have a Saturday tasting at Bearpaw River Brewing Company or catch the big game at Tailgaters Sports Bar.
While you'll find that the neighborhood is primarily forest-tucked residences, swathes of woodland and sparkling lakes, you're still reasonably well-connected to Anchorage and commercial amenities. State Route 1 connects the area to the major city, some 40 miles southwest. "The neighborhood is mostly home to residents who work in Anchorage, so it's a popular place for commuters," Killian says.
Elise Buchholz
Jack White Real Estate Mat Su
(833) 966-2039
262 Total Sales
4 in South Lakes
$300K - $750K Price Range
Shannon Parberry
Jack White Real Estate Mat Su
(844) 679-1828
183 Total Sales
3 in South Lakes
$420K - $625K Price Range
Wendy Bringhurst
Keller Williams Realty Alaska Group of Eagle River
(855) 686-0834
103 Total Sales
2 in South Lakes
$341K - $356K Price Range
Larry Maulden
Keller Williams Realty Alaska Group of Wasilla
(866) 934-7310
106 Total Sales
2 in South Lakes
$408K - $445K Price Range
Dar Walden
Keller Williams Realty Alaska Group
(888) 339-6093
2,413 Total Sales
5 in South Lakes
$235K - $430K Price Range
Melissa Flint
Century 21 Realty Solutions - Eagle River
(855) 475-1639
132 Total Sales
1 in South Lakes
$843,000 Price
On average, homes in South Lakes, Wasilla sell after 43 days on the market compared to the national average of 52 days. The median sale price for homes in South Lakes, Wasilla over the last 12 months is $427,000, down 4% from the median home sale price over the previous 12 months.
$685,000
This Beautifully built 4 bedroom + dedicated office, 2.5 bath, 3 car garage stunner has everything you need and everything you didn't know you needed. Whether you're working from home, hosting friends, or just stretching out with family, this home brings 2300 sq ft of space and style.-Four spacious bedrooms to spread out!-Dedicated Office Space to finally get things done.-2.5 Bath -
Marquita George EXP Realty LLC - Midtown Anchorage
$440,000
This almost new duplex is perfect for those who prefer turnkey. Completely rebuilt 23/24 & BEAUTIFUL inside! To include upgraded appliances. This is a sought-after location centrally located in a subdivision, with private access to a Colonial Park & Cottonwood Lake! Lake access to enjoy w/ out the lakefront price!! See CCRS, this location allows for more than 2 units. BTV.
$500,000
Ranch style home with a large primary bedroom and bath, including separate tub and shower. Open kitchen with bar seating, solid-surface countertops, and maple shaker cabinets. Two additional bedrooms are generously sized. Fireplace in the living area. Mudroom off the garage. Located in a convenient commute area.
Marty Van Diest Valley Market Real Estate
$965,000
Start fresh in a lakefront retreat that feels like home the moment you arrive. Enjoy peaceful mornings on the deck with north-facing views of Hatcher Pass and the Talkeetna Mountains.This home has seen extensive updates the last few years and it is certain to give you the lifestyle that you have been looking for.Soak up the sun in the summer months or watch the Northern lights from your hot tub
Jesse Tanner Tanner Group Premier Real Estate
$1,450 per month
Beautiful newly renovated 2 bed, 1 bath duplex unit available for rent. Has all brand new everything including appliances! Boasts a large open living space, washer and dryer in unit and modern features. Great commute location. BONUS: Owner pays heat, snow removal and lawn care! Tenant pays other utilities. Small pets on approval with pet deposit and added pet rent.
Marnice Marshall Elite Real Estate Group
$1,375 per month
1 Bed/1 Bath Apartment in Palmer-Wasilla Hwy. Luxury living on a budget! Each unit is approximately 728 sq ft. with an open living kitchen area with stainless steel appliances, granite countertops, and an island! The washer and dryer are tucked away in the laundry room closet off the living room. Spacious full bath with granite counters and plenty of storage space!Small dogs on approval with $75
Rona Reodica Rent In Alaska LLC
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Larger acreages and highly-rated schools just north of Anchorage
A go-to for new construction with stunning mountain views
A retail hub in the heart of the Mat-Su Valley's Lake Country
A serene, rural community surrounded by Alaskan wilderness and lake
New construction, excellent schools and proximity to indoor and outdoor amenities
Scenic valley community with riverside golfing and Alaska's largest state fair
