$430,001Average Value$232Average Price per Sq Ft10Homes For Sale
South Lakes offers proximity to Anchorage at a lower price point
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."
Cottonwood Lake homes offer privacy in scenic South Lakes.
A mountain home features a dock in South Lakes, Wasilla.
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Homes sit on spacious lots and range from cabins to split-level styles
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.
Homes line a quiet street in South Lakes.
Large estates are common across South Lakes.
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Public schools offer clubs, study support and college prep
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.
Colony High School sits in the heart of the Mat-Su Valley.
Teeland Middle School offers many activities near South Lakes.
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Most recreation options center around the outdoors
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!
Morning light warms a family of swans in South Lakes.
Wasilla Lake provides scenic views for South Lakes residents.
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Residents do most shopping and dining along Parks Highway
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.
Fred Meyer is the nearest major grocery store to South Lakes.
Hacienda Mexican Restaurant serves vibrant dishes in South Lakes.
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Commutes to Anchorage are a straight shot
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.
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
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to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
South Lakes
US
Homicide
4
4
Sexual Assault
3
4
Assault with Weapon
4
4
Robbery
4
4
Burglary
4
4
Motor Vehicle Theft
4
4
Larceny
3
4
Crime Score
3
4
Source: WhatIsMyCrimeRisk.com
South Lakes Demographics and Home Trends
On average, homes in South Lakes, Wasilla sell after 38 days on the market compared to the national average of 53 days. The median sale price for homes in South Lakes, Wasilla over the last 12 months is $423,500, down 7% from the median home sale price over the previous 12 months.
Delightful tri level in the newer school system, one acre allows privacy and room for garden, play or recreational areas, home is fixer upper long term tenants not much care done for years. New septic installed this year though.Needs paint and flooring and the lawn mowed. Make offer. This is an AS IS price.
Welcome to your dream home, this cozy and stylish farmhouse blends rustic charm with contemporary comfort. Step through the inviting front entry and into a breathtaking living space featuring soaring ceilings, a striking fireplace wall, and dramatic two-story windows that fill the room with natural light.The thoughtfully designed open floor plan offers both comfort and versatility, including a
The perfect blend of seclusion and convenience with this 2.02 acre parcel , wide front, close to Wasilla city limits. This treed lot backs other treed vacant property. Gas and power to the property. Paved maintained road.
Looking for the perfect blend of natural beauty and modern conveniences? Welcome to Amber Ridge Apartments in Wasilla, AK! Amber Ridge offers pet-friendly 1 and 2-bedroom apartments. Our homes have open-concept layouts and modern kitchens with a full appliance package. Select homes feature sleek granite countertops. You can enjoy the convenience of having an online payment portal and a 24-hour
Beautiful 2 Bed/1 Bath Apartment off of Winding Brook Lp in Palmer. This is a great location - only minutes from Mat-Su College, Mat-Su Regional, and Downtown Palmer. A quick commute to Eagle River or Anchorage. These units have an open living kitchen area, a bedroom with a large closet, and another room perfect for an office! Each unit has access to a coin-op Washer and Dryer
Property Id: 1930717Fourplex situated just minutes from the Parks Highway makes for an easy commute to Anchorage or local valley travel. Currently the apt is under total renovation/remodel. Photos when the apt is completed. Ready approx. by end November, 2025.900 sq. ft., 2 1/2 bedrooms, 1 bathroom, 2 dedicated parking spaces and a private attached storage closet. Coin op
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