21

South Lakes Homes for Sale

Section Image Section Image
  • /12

    $450,000

    • 4 Beds
    • 2 Baths
    • 1,600 Sq Ft

    700 N Colonial Dr, Wasilla, AK 99654

    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, close to schools, shopping, etc.. Plus, private access to a Colonial Park & Cottonwood Lake! Lake access to enjoy w/ out the lakefront price!! See Supplement.See CCRS, this location allows

    Agent Photo

    Shannon Parberry

    Jack White Real Estate Mat Su

    (844) 790-5121

    700 N Colonial Dr, Wasilla, AK 99654
  • /54

    $599,000

    • 3 Beds
    • 2.5 Baths
    • 2,664 Sq Ft

    2750 E Whispering Woods Dr, Wasilla, AK 99654

    Well-maintained 2,664 SF home featuring 3 large bedrooms, 2.5 bathrooms, and an open-concept living, kitchen, and dining area. Enjoy an updated kitchen, a large family room, and plenty of natural light throughout. Private and peaceful 1.63-acre lot with a large yard and expansive deck--perfect for outdoor living. Bonus 1,320 SF detached shop offers ample space for storage, hobbies, big toys,or

    Tammy Ervin Keller Williams Realty Alaska Group of Wasilla

    2750 E Whispering Woods Dr, Wasilla, AK 99654
  • /70

    $575,000

    • 4 Beds
    • 2.5 Baths
    • 2,486 Sq Ft

    6816 E Andrew Cir, Palmer, AK 99645

    Well-maintained home in established neighborhood with no-stoplights to Anchorage. Located in desirable Colony School District. Enjoy RV parking, mature yards, large south facing back deck, and paved streets. Featuring large flex living space, 4th bedroom or office, laundry upstairs, master and 2nd bed both have ensuite bath & walk in closets. Easy access from Hyer, Trunk, and Palmer-Wasilla Hwy.

    Shi Haire Signature Real Estate Alaska

    6816 E Andrew Cir, Palmer, AK 99645
  • /54

    $495,000

    • 3 Beds
    • 2 Baths
    • 2,033 Sq Ft

    3827 E Country Field Cir, Wasilla, AK 99654

    Welcome to this well-maintained 3-bed, 2-bath ranch home perfectly situated in central Wasilla--just minutes from schools, shopping, and parks. Enjoy the ease of ranch living with a functional and open layout, spacious living room, and a cozy dining area off the kitchen. Step outside to a fully fenced backyard--ideal for pets, play, or summer BBQs--plus ample parking and room for RV or toys.

    Richelle Killian Keller Williams Realty Alaska Group

    3827 E Country Field Cir, Wasilla, AK 99654
  • /33

    $585,000

    • 5 Beds
    • 3 Baths
    • 2,819 Sq Ft

    118 S Vickie Cir, Palmer, AK 99645

    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

    118 S Vickie Cir, Palmer, AK 99645
  • /90

    $499,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,922 Sq Ft

    7254 E Riparian Loop, Lakes, AK 99645

    LOCATION, LOCATION, LOCATION! Home complete and ready for new owners. This home boasts 1922 sqft, 3 bed, 2 bath and a large 3 car garage. This home is close to the hospital, college and centrally located between Palmer and Wasilla. Some extras you will notice are the quartz throughout, tiled kitchen backsplash, custom soft-close cabinetry, REFRIGERATOR INCLUDED, stainless steel appliances,a

    Anita Raubeson Keller Williams Realty Alaska Group of Wasilla

    7254 E Riparian Loop, Lakes, AK 99645
  • /50

    $749,000

    • 4 Beds
    • 4 Baths
    • 3,947 Sq Ft

    3945 E Country Field Cir, Wasilla, AK 99654

    Spacious & Inviting Home on 2 Acres in the Heart of TownWelcome to a beautiful and thoughtfully designed 4-bedroom, 4-bath home nestled on 2 acres in a central location. Tucked away for privacy yet close to everything, this warm and welcoming home offers both a cozy living room and a spacious family room--ideal for everyday living and entertaining. The oversized 1,080 sq ft three-car garage

    Staci Beauvais Jack White Real Estate Mat Su

    3945 E Country Field Cir, Wasilla, AK 99654
  • /49

    $450,000

    • 3 Beds
    • 2 Baths
    • 2,150 Sq Ft

    1447 N Ranch Rd, Palmer, AK 99645

    Spacious, TRI-LEVEL home on quiet, corner lot! Do not be deceived! At first glance, this home could easily be mistaken for a ranch-style home, with the oversized garage and 3rd level around back. Covered porch. Many updates throughout.All bedrooms and family room are on the main level. Family room, primary bed and bath have vaulted ceilings.Conveniently located between Wasilla & Palmer.Spacious,

    Kristan Cole The Kristan Cole Team Branch Office Keller Williams Realty - Alaska Group

    1447 N Ranch Rd, Palmer, AK 99645
  • /35

    $436,000

    • 3 Beds
    • 2 Baths
    • 1,754 Sq Ft

    5301 E Revolutionary Way, Wasilla, AK 99654

    OH WOW!!!! This wonderful, well maintained home has a HUGE garage (30x30 w/10ft doors,12ft. ceilings), is on over an acre with a great layout, and landscaped yard that you don't want to miss! New flooring, paint and trim, newer septic, 2 living areas, a beautiful yard AND a great location! Plenty of room for ALL your Alaskan toys and your friends and family! This will not last!

    Stephanie Rogers EXP Realty, LLC

    5301 E Revolutionary Way, Wasilla, AK 99654
  • /35

    $349,000

    • 3 Beds
    • 2 Baths
    • 1,496 Sq Ft

    940 S Serrano Dr, Wasilla, AK 99654

    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.

    Paul Lambert Herrington and Company, LLC

    940 S Serrano Dr, Wasilla, AK 99654
  • /7

    $115,000

    • Land
    • 1.32 Acres
    • $87,121 per Acre

    1060 N Hickory St, South Lakes, AK 99645

    Fantastic 1.32 acre nicely treed lot in a wonderful neighborhood and commuter location - This property presents a canvas for your dream home. With utilities conveniently adjacent to the property, your vision of a tranquil & convenient escape can become a reality Utilities are on and adjacent to site, BTV. Drive by to view!

    Sheila Monson Real Broker Wasilla

    1060 N Hickory St, South Lakes, AK 99645
  • /33

    $385,000

    • 3 Beds
    • 3 Baths
    • 1,668 Sq Ft

    3940 E Cottonwood Way, Wasilla, AK 99654

    Beautiful home that offers mountain views, central location in popular Teeland/Colony School district. 2 bedrooms upper level and 1 downstairs plus family room. Fireplace included Shed/chicken coop, multilevel large deck. Huge fenced, level back yard for kids and petsmountain views and private lot setting. Oversized deck for summer entertaining.Chicken coop or shed plus extra storage

    Lucinda Ziegler Elite Real Estate Group

    3940 E Cottonwood Way, Wasilla, AK 99654
  • /38

    $355,000

    • 3 Beds
    • 2 Baths
    • 1,952 Sq Ft

    5900 E Liberty Ct, Wasilla, AK 99654

    Great 3 bed 2 bath home in prime location for commuting and access to both Palmer and Wasilla. The home sits in a quiet location at the end of the street and is located on the back of the one acre lot for plenty of privacy. Recently updated with LVP, new lower cabinets, and nicely finished basement. Main level of the home is wheelchair accessible and new roof put on in 2024. Priced to Sell!

    Jamison Peters Valley Market Real Estate

    5900 E Liberty Ct, Wasilla, AK 99654
  • /80

    $1,300,000

    • 18 Beds
    • 8 Baths
    • 8,400 Sq Ft

    2601 E Quiet Cir, Wasilla, AK 99654

    Amazing Wasilla Multi Family opprotunity.This property features two fourplexs on just over 2 acres of land. Situated just minutes from the Parks Highway makes for an easy commute to Anchorage or local valley travel. Each home comes complete with 2 bedrooms, 1 bathroom, livingroom, dining room, kitchen2 deticated parking spaces and a private attached storage closet.All but 3 of the homes have been

    Heather Brinley EXP Realty, LLC Anchorage

    2601 E Quiet Cir, Wasilla, AK 99654
  • /10

    $1,550,000

    • Land
    • 41 Acres
    • $38,215 per Acre

    7302 &7303 E Double B Cir, South Lakes, AK 99645

    Listing includes 7302 & 7303 E Double B Circle. Millers Field Addn No 1 Tract A & Lot 3. (House with 1.75 ac) and Tract A (38.81 ac). Total of 40.5 Acres. House is 2300 sq ft currently used as a rental. Property is permitted by MSB as Gravel/Topsoil extraction site with approx. 360,000 cy gravel reserves.2200 long grass FAA Licensed Airstrip in the Core Area (Ident. #3 AK 6)

    Marina Cottini DBL Eagle Real Estate & Inv., LTD

    7302 &7303 E Double B Cir, South Lakes, AK 99645
  • /69

    $1,495,000

    • 3 Beds
    • 3.5 Baths
    • 1,406 Sq Ft

    3151 E Cottle Loop, Wasilla, AK 99654

    Discover unparalleled Alaskan living! This exceptional 3-bedroom, 3.5-bathroom residence seamlessly combines modern comfort with unique amenities tailored for aviation and nature enthusiasts.Spacious Hangar-Home: A remarkable 48x60 hangar featuring 20-foot ceilings and a 50-foot wide bi-fold door is seamlessly integrated into the home, offering direct access for aviation activities.Modern Living

    Yvan Corbin Real Broker Alaska

    3151 E Cottle Loop, Wasilla, AK 99654
  • /44

    $699,000

    • 3 Beds
    • 3 Baths
    • 2,078 Sq Ft

    3871 E Cottonwood Way, Wasilla, AK 99654

    Welcome home to the perfect blend of luxury & tranquility in this beautiful lakefront home on 1+ acre, nestled in a quiet neighborhood. Enjoy jaw dropping views from the huge deck, private lake access from your own dock, easy commute, fenced yard, greenhouse & more! Home boasts a dream kitchen w/ luxury Viking appliances, walkout basement, soaring ceilings, & floatplane accessible!Yard boasts

    Kevin Crozier Elite Real Estate Group The Crozier Team Branch Office

    3871 E Cottonwood Way, Wasilla, AK 99654
  • /4

    $125,000

    • Land
    • 2.48 Acres
    • $50,403 per Acre

    495 S Harriette St, Wasilla, AK 99654

    Location, Location, Location! Over 2 acres in highly desired commute neighborhood. Well and septic have already been put in!Established neighborhood, tree clearing has started, gravel driveway off of Harriette put in, well and septic installed, septic rated for 3bd2bath.

    Janet Stuckart EXP Realty, LLC

    495 S Harriette St, Wasilla, AK 99654
  • /43

    $385,000 Pre-Foreclosure

    • 3 Beds
    • 2 Baths
    • 2,000 Sq Ft

    701 N Luke St, Wasilla, AK 99654

    Ranch style home in great location! Ever dreamed of owning a horse or a having a large shop? HOA provides a key to Cottonwood Lake! Close to shopping, town, the hospital and a horse stable! There are two living spaces, one which could possibly be converted into a 4th bedroom & an additional shop in the back yard. This home needs some love and is a perfect sweat equity opportunity!!!!

    Dominique Park Keller Williams Realty Alaska Group of Wasilla

    701 N Luke St, Wasilla, AK 99654
  • /58

    $469,000 Coming Soon

    • 3 Beds
    • 2.5 Baths
    • 1,966 Sq Ft

    1420 N Aspen Place, Wasilla, AK 99654

    Nicely updated home in excellent commute location! 3 beds, 2.5 baths, 2 car garage + bonus room with egress window/closet. Vaulted ceilings in the great room, brand new interior paint & carpet (2025). Spacious primary en suite. Functional layout with great natural light. Room to park the toys too! Close to trails, lakes, & outdoor recreation.

    Angelia Ferris Ferris Group LLC

    1420 N Aspen Place, Wasilla, AK 99654
  • /2

    $400,000 Coming Soon

    • 3 Beds
    • 2 Baths
    • 1,495 Sq Ft

    6720 E David H Cir, Palmer, AK 99645

    A thoughtfully updated 3-bedroom, 2-bathroom home with a bonus office, perfect for working from home or as a hobby space. This charming property features new flooring throughout, a remodeled kitchen with stainless steel appliances, plus modernized bathrooms. Enjoy the bright and open living area, and a cozy dining space. The primary suite offers a private bath and generous closet space.Additional

    Pristine Christie EXP Realty, LLC Anchorage

    6720 E David H Cir, Palmer, AK 99645

Why Live in South Lakes

South Lakes in Wasilla is a neighborhood known for its budget-friendly homes with ample acreage and convenient commuting options to Anchorage. The area features a variety of home styles, including ramblers, split levels with cabin-like exteriors, and new constructions, many of which sit on lots ranging from one to two acres. Waterfront homes with private docks are also available, providing opportunities for fishing, swimming, and boating. The Matunuska-Sisitna School District serves the area, with Cottonwood Creek Elementary, Teeland Middle School, and Colony High School all receiving above-average ratings for test scores and student progress. Residents enjoy proximity to over a dozen lakes and outdoor recreation areas, such as Wasilla Lake and Cottonwood Creek Lake, which are ideal for boating, kayaking, and ice fishing. Newcomb Park and Cottonwood Creek Park offer additional features like hiking trails, picnic spots, and playgrounds. The neighborhood is primarily residential, with forested areas and sparkling lakes, yet remains well-connected to Anchorage via Parks Highway, making it a popular choice for commuters. Local amenities include big box stores like Target and Fred Meyer, as well as dining options such as Hacienda Mexican and Holy Moley Donuts. For more variety, Downtown Wasilla offers locally owned restaurants, boutiques, and breweries like Bearpaw River Brewing Company and Tailgaters Sports Bar.

Frequently Asked Questions

Is South Lakes a good place to live?
South Lakes is a good place to live. South Lakes is considered very car-dependent and somewhat bikeable. South Lakes has 4 parks for recreational activities. It is sparse in population with 1.8 people per acre and a median age of 39. The average household income is $119,453 which is above the national average. College graduates make up 25.9% of residents. A majority of residents in South Lakes are home owners, with 27.9% of residents renting and 72.1% of residents owning their home. A local real estate agent serving South Lakes can help you decide if this neighborhood is the right one for you. Learn more on our South Lakes neighborhood guide.
How much do you need to make to afford a house in South Lakes?
The median home price in South Lakes is $425,830. If you put a 20% down payment of $85,200 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,210 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $95K a year to afford the median home price in South Lakes. The average household income in South Lakes is $119K.
What are the best public schools in South Lakes?
The best public schools that serve South Lakes are:
What are the best private schools in South Lakes?
The best private schools that serve South Lakes are:
What are the most popular zip codes in South Lakes, Wasilla, AK?
The most popular zip codes in South Lakes, Wasilla, AK include 99654, 99645, 99623, 99652 and 99567.
What are the most popular neighborhoods near South Lakes, Wasilla, AK?
The most popular neighborhoods near South Lakes, Wasilla, AK are Gateway, Fishhook, Farm Loop, Buffalo Soapstone and Lazy Mountain.

Home Trends in South Lakes, AK

Housing Trends

Median Sale Price
$465,000
Median Single Family Sale Price
$425,830
Median Townhouse Sale Price
$459,135
Median 2 Bedroom Sale Price
$460,000
Median 1 Bedroom Sale Price
$315,000
Average Price Per Sq Ft
$202
Number of Homes for Sale
8
Last 12 months Home Sales
22
Months of Supply
4.40
Median List Price
$425,830
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
43%
How to Buy a Home How to Finance a Home How to Sell a Home