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.
Home Trends in South Lakes, AK
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.
Median Sale Price
$427,000
Median Single Family Sale Price
$455,000
Average Price Per Sq Ft
$237
Number of Homes for Sale
16
Last 12 months Home Sales
59
Median List Price
$455,500
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-4%
