$699,999
$25K PRICE DROP

Estimated payment $4,616/month

Total Views 3,424
7 Beds
5 Baths
3,962 Sq Ft
$177 Price per Sq Ft

Highlights

  • Peek-A-Boo Views
  • 1 Car Attached Garage
  • Tile Flooring
  • 2.57 Acre Lot
  • Shed
  • Attached Carport

About This Home

Rare Opportunity: Dual Mountainside Homes on 2.57 Acres in Desirable Low-Wind AreaNestled in a sought-after, low-wind microclimate, this exceptional 2.57-acre property features two mountainside homes, offering a unique blend of homesteading potential and income-generating possibilities. Whether you're seeking a multi-family retreat, rental investment, or space to launch a home-basedbusiness, this versatile duplex-style estate delivers.

With two separate residences and ample room for expansion or commercial ventures, this is the ideal opportunity for the savvy investor or self-sufficient lifestyle seeker. Properties with this level of flexibility and natural beauty rarely come to marketdon't miss your chance to own a piece of mountain paradise.

Charming Log Home with Modern Updates and Versatile Living Spaces

The first home on the property, built in 1984, is a warm and inviting 4-bedroom, 2-bathroom log home that blends rustic charm with practical living. This well-maintained residence offers abundant space and flexibility for a variety of lifestyles.

-The main upper level includes two bedrooms and one full bathroom. One of the bedrooms features a private balcony overlooking the gardenideal for morning coffee or quiet reflectionwhile the second bedroom boasts a spacious walk-in closet. The upstairs kitchen features an open-concept layout and is equipped with brand-new Samsung appliances.

-The lower level includes two additional bedrooms, a full bathroom, and access to a full basement with newly finished concrete floors, perfect for a family room, game room, studio, or home office. The layout offers multiple options for guest accommodations, creative workspaces, or multigenerational living. Downstairs is also an oversized laundry room/storage space with new Maytag washer and dryer.

-A new oversized two-car garage, added in 2023, includes in-floor heat ready, a direct staircase to the upstairs living room, and plumbing ready for a full bathroom, making it an ideal space for a future guest suite, workshop, or additional living area.

This home provides a cozy retreat with modern potentialperfect for a growing family, remote work, or anyone seeking comfort and flexibility in a mountainside setting.

Modern Two-Story Home with Detached 3-Car Garage and Additional Amenities

Built in 2022, the second residence on the property is a beautifully designed two-story home offering 1,536 square feet of comfortable, modern living. This well-appointed home features 3 bedrooms and 2.5 bathrooms, including a convenient laundry room and an open-concept living and dining area that creates a warm and inviting atmosphere.

-Efficient heating with both gas heat and a cozy wood stove

-Thoughtful layout with spacious bedrooms and contemporary finishes

-Large back deck, perfect for entertaining or enjoying the surrounding nature

-Detached Garage & Additional Features:

The property also includes a detached 18' x 40' 3-car garage equipped with electricity, in-floor heating, and water. Inside the garage is a fully functional kitchenette and a full bathroom, offering potential for a guest suite, workshop, or additional living space

This home combines modern construction with functional extras, ideal for full-time living, multigenerational use, or rental income potential.

Turnkey Licensed Cultivation Business with Scenic Privacy and Prime Location

This property currently hosts a fully operational, licensed marijuana cultivation business. The business may be sold separately, or the current owner may be open to renting the facility from the new property owner, offering a flexible investment opportunity.

Additional property features include:

-An insulated well house with heat, electricity, and water

-A wood shed and Connex container for added storage and utility

-A sparsely wooded yard offering filtered views of Lazy Mountain, Matanuska Peak, & Pioneer Peak.

-Nature lovers will appreciate the regular visits from moose and grouse, along with mature lilac and thriving rhubarb plants. The gentle rustling of birds in the birch trees enhances the sense of privacy and serenity.

-Located near Lazy Mountain, this property provides convenient access to some of the Mat-Su Valley's top recreational areas, including Hatcher Pass, Jim Creek, horse trails, and the Butte hiking trail.

Property is being sold as-is.

Listing Agent

Lori Leahy

RE/MAX Dynamic Properties Mat-Su Branch License #114763 Listed on: 05/23/2025

RE/MAX Dynamic Properties Mat-Su Branch

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,999

Year Built

  • Built in 1984

Parking

  • 1 Car Attached Garage
  • Attached Carport

Home Design

  • Duplex
  • Fixer Upper
  • Block Foundation
  • Metal Roof

Interior Spaces

  • 3,962 Sq Ft Home
  • Peek-A-Boo Views
  • Washer and Dryer

Flooring

  • Laminate
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Schools

  • Butte Elementary School
  • Palmer Middle School
  • Palmer High School

Utilities

  • Radiant Heating System
  • Private Water Source
  • Well
  • Septic Tank

Additional Features

  • Shed
  • 2.57 Acre Lot

Community Details

  • 2 Buildings
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,999

Year Built

Built in 1984

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 2.57
  • Road Frontage Type: Dedicated Road
  • Directions: Palmer. R (East) on Arctic Avenue, L on E Smith, R on N Lazy Lane, R on E Idle Dr. Look for sign posted.
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Duplex
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Washer/Dryer
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Flooring: Concrete, Laminate, Tile
  • Living Area: 3962

Exterior Features

  • Topography: Level
  • View: Mountain(s), Partial
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Disclosures: Prop Discl Available
  • Construction Type: Log Siding, Wood Siding, Frame
  • Foundation Details: Block
  • Other Structures: Shed(s)
  • Property Condition: Existing Structure, Fixer
  • Roof: Metal

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garaged Spaces: 1
  • Parking Features: RV Access/Parking, No Carport, Attached, Detached, Heated Garage
  • Total Parking Spaces: 10

Utilities

  • Laundry Features: Common Area
  • Heating: Natural Gas, Radiant, Radiant Floor, Wood, Wood Stove
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Private, Well

Schools

  • Elementary School: Butte
  • High School: Palmer
  • Middle Or Junior School: Palmer

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 111949.2
  • Mobile Dim Units: Feet
  • Zoning Description: Unknown (re: all MSB)
  • Zoning: UNK

Green Features

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 8998.58
  • Tax Map Number: PA11

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,999 $644,700 $45,000 $599,700
2024 $8,999 $606,700 $45,000 $561,700
2023 $9,153 $624,200 $45,000 $579,200
2022 $8,663 $553,400 $32,100 $521,300
2021 $4,617 $267,600 $32,100 $235,500
2020 $4,442 $250,800 $32,100 $218,700
2019 $4,338 $243,200 $32,100 $211,100
2018 $4,236 $238,500 $32,100 $206,400
2017 $4,079 $229,700 $32,100 $197,600
2016 $4,036 $232,100 $32,100 $200,000
2015 $1,142 $228,800 $32,100 $196,700
2014 $1,142 $230,200 $32,100 $198,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 Price Changed $699,999 -3.4% $177 / Sq Ft
05/23/2025 05/23/25 For Sale $725,000 +134.6% $183 / Sq Ft
11/19/2018 11/19/18 Sold -- -- --
07/27/2018 07/27/18 Pending -- -- --
06/06/2018 06/06/18 For Sale $309,000 +19.3% $127 / Sq Ft
11/10/2015 11/10/15 Sold -- -- --
10/03/2015 10/03/15 Pending -- -- --
09/16/2015 09/16/15 For Sale $259,000 +13.8% $106 / Sq Ft
12/11/2012 12/11/12 Sold -- -- --
09/24/2012 09/24/12 Pending -- -- --
09/16/2012 09/16/12 For Sale $227,500 -- $93 / Sq Ft
Source: Alaska Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- Auta
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $224,000 New Conventional
Previous Owner $237,590 VA
Previous Owner $70,000 Credit Line Revolving
Previous Owner $52,500 Credit Line Revolving
Previous Owner $39,000 Unknown
Source: Public Records

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Source: Alaska Multiple Listing Service

MLS Number: 25-6168

Alaska Multiple Listing Service

APN: 2039B04L003