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South Lakes

South Lakes

Neighborhood in Wasilla, Alaska

Matanuska-Susitna Borough 99645, 99654

$427,189 Average Value
$236 Average Price per Sq Ft
11 Homes For Sale

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!

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. "The neighborhood is mostly home to residents who work in Anchorage, so it's a popular place for commuters," Killian adds. "You're super close to Parks Highway, and you can use it to get to Anchorage in just over 30 minutes." 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.

With its spacious new construction, convenient commuting and proximity to indoor and outdoor amenities, South Lakes is a Wasilla neighborhood you'll love to call home.

Micaela Green
Written By
Micaela Green
Eli Tye
Photography Contributed By
Eli Tye
Jackson Nacey
Video By
Jackson Nacey

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Shannon Parberry, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Merrill Field

53 min drive

Crime and Safety

1 - Low Crime, 10 - High Crime South Lakes US
Homicide 3 4
Sexual Assault 4 4
Assault with Weapon 3 4
Robbery 3 4
Burglary 4 4
Motor Vehicle Theft 4 4
Larceny 4 4
Crime Score 4 4

Source: WhatIsMyCrimeRisk.com

South Lakes Demographics and Home Trends

Housing Trends

Median List Price
$450,000
Median Sale Price
$449,000
Median Single Family Sale Price
$445,000
Median Change From 1st List Price
1%
Last 12 months Home Sales
62
Median Home Sale Price YoY Change
12%
Average Price Per Sq Ft
$236

Neighborhood Facts

Number of Homes in Neighborhood
910
Number of Homes for Sale
11
Median Year Built
2005
Months of Supply
2.10
Average Single Family Home Size Sq Ft
2,335
Above the national average
1,933
Median Lot Size Sq Ft
46,173

Open Houses

  • Saturday, Jun 14
    1 - 4pm

    1900 N Green Forest Dr, Palmer, AK 99645

    $399,000

    • 3 Beds
    • 2 Baths
    • 1,656 Sq Ft
    • 1900 N Green Forest Dr
    • New 4 days ago

    Well-maintained 3 bedroom, 2 bath, 1,656 sq ft manufactured, ranch style home on permanent foundation. Vaulted ceilings, open layout, primary suite w/ WIC & soaking tub. 24' x 36' in-floor heated garage- shop, fenced dog yard, RV parking, Pavilion with firepit and backup generator. Great location between Palmer & Wasilla--easy Anchorage or Valley commute!Features include fresh interior & exterior

    Larry Ficek Better Homes and Gardens Real Estate Dream Makers

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  • Sunday, Jun 15
    12 - 2pm

    118 S Vickie Cir, Palmer, AK 99645

    $595,000

    • 5 Beds
    • 3 Baths
    • 2,819 Sq Ft
    • 118 S Vickie Cir
    • New 12 days ago

    Spacious and well-maintained 5-bedroom home located in a quiet cul-de-sac, ideal for both privacy and convenience. This property is perfectly positioned for commuters, offering easy access to town while enjoying the peaceful feel of Alaskan living. The fully fenced backyard provides security and seclusion, with a large deck that's perfect for entertaining, relaxing, or enjoying the

    Sarah Langford Keller Williams Realty Alaska Group of Wasilla

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Shannon Parberry, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
6,266
Median Age
39
Population Density
2 ppl/acre
Population under 18
26.4%
On par with the national average
23.8%
Population over 65
16.6%
On par with the national average
19.1%

Finances

Median Household Income
$93,220
Above the national average
$71,702
Average Household Income
$119,453

Education and Workforce

High School Graduates
97.1%
Above the national average
89.1%
College Graduates
25.9%
Below the national average
34.1%
Advanced Degrees
7.8%
% Population in Labor Force
67.4%

Area Factors

Somewhat Bikeable

Bike Score®

26 / 100

Car-Dependent

Walk Score®

15 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
South Lakes