2721 E Odsather Cir Wasilla, AK 99654
South Lakes NeighborhoodEstimated payment $4,056/month
Highlights
- Lake Front
- Sauna
- Fireplace
- Cottonwood Creek Elementary School Rated 9+
- Unobstructed Views
- Level Lot
About This Home
Rare opportunity to own a premier lakefront property on Wasilla Lake with deep water access, an L-shaped dock, and seasonal floatplane accessibility. Located on approximately 0.74 acres outside Wasilla city limits, this exceptional property offers privacy, mature trees, a large flat yard to the water, and endless potential. Perfectly positioned in one of the Valley's most desirable commuter locations, this property offers the best of both worlds--peaceful lakefront living with quick access to Anchorage and nearby Wasilla amenities.
Originally built as a cabin in 1955, the home was substantially expanded and remodeled in 1975 and again in 1996, creating a spacious custom lakefront residence filled with authentic Alaska character. The home is being sold AS-IS, presenting a rare opportunity for the next owner to complete and customize this property. Major infrastructure improvements include a new septic system and lift station installed in 2021, both the house and detached oversized 2-car garage are located outside the floodplain--a rare and valuable advantage for lakefront ownership.
Additional highlights include large lake-facing windows, excellent open-concept potential, a backup generator system, and a quiet, private setting surrounded by mature trees.
Ideal for investors, pilots, or buyers seeking to create a one-of-a-kind Alaska lakefront retreat with substantial upside potential.
Listing Agent
Keller Williams Realty Alaska Group of Wasilla License #16543 Listed on: 05/19/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1955
Lot Details
- 32,234 Sq Ft Lot
- Lake Front
- Level Lot
- Property is zoned UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Parking
- 2 Car Garage
Property Views
- Lake Views
- Unobstructed Views
Home Design
- Fixer Upper
- Block Foundation
- Slab Foundation
- Wood Frame Construction
- Metal Roof
- Metal Siding
Interior Spaces
- 3,254 Sq Ft Home
- Fireplace
- Sauna
- Dishwasher
- Basement
Bedrooms and Bathrooms
- 3 Bedrooms
Schools
- Btv-Undiscl By Ll Elementary And Middle School
- Btv-Undiscl By Ll High School
Utilities
- Septic Tank
- Lift System Sewer
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $6,069 | $500,200 | $93,000 | $407,200 |
| 2024 | $6,069 | $490,500 | $93,000 | $397,500 |
| 2023 | $5,742 | $475,200 | $93,000 | $382,200 |
| 2022 | $5,626 | $437,000 | $93,000 | $344,000 |
| 2021 | $5,657 | $396,900 | $93,000 | $303,900 |
| 2020 | $5,644 | $383,600 | $93,000 | $290,600 |
| 2019 | $5,523 | $372,200 | $93,000 | $279,200 |
| 2018 | $5,379 | $352,900 | $93,000 | $259,900 |
| 2017 | $5,328 | $361,000 | $93,000 | $268,000 |
| 2016 | $5,340 | $371,100 | $93,000 | $278,100 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/29/2026 05/29/26 | Price Changed | $669,000 | -3.0% | $206 / Sq Ft | |
| 05/19/2026 05/19/26 | For Sale | $690,000 | +38.3% | $212 / Sq Ft | |
| 12/17/2021 12/17/21 | Sold | -- | -- | -- | View Prior Sale |
| 09/24/2021 09/24/21 | Pending | -- | -- | -- | |
| 09/14/2021 09/14/21 | For Sale | $499,000 | +13.4% | $153 / Sq Ft | |
| 02/02/2016 02/02/16 | Sold | -- | -- | -- | View Prior Sale |
| 11/16/2015 11/16/15 | Pending | -- | -- | -- | |
| 07/15/2015 07/15/15 | For Sale | $439,999 | -- | $135 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $424,755 | FHA |
Source: Alaska Multiple Listing Service
MLS Number: 26-5617
APN: 7392000L001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Ten-X are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved.
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