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South Lakes Homes for Sale

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  • 2525 N Larkspur Hill Cir, Gateway, AK 99645
    2525 N Larkspur Hill Cir, Gateway, AK 99645
    2525 N Larkspur Hill Cir, Gateway, AK 99645
    /8

    $250,000

    • Land
    • 2.12 Acres
    • $117,925 per Acre

    2525 N Larkspur Hill Cir, Gateway, AK 99645

    Watch the video to see the view. Blow your mind views of Pioneer Peak, Knik Glacier, Sleeping Lady, Finger Lake, and Hatcher pass. Extremely rare view parcel. Driveway and building pad already in. Power and phone across the street, gas will be verified, Central location, between Bogard Road and PW highway, close to Trunk Road

    Agent Photo

    Marty Van Diest

    Valley Market Real Estate

    (844) 946-1443

    2525 N Larkspur Hill Cir, Gateway, AK 99645
  • 8319 E Ashmore Acres Ct, Palmer, AK 99645
    8319 E Ashmore Acres Ct, Palmer, AK 99645
    /2

    $510,000

    • Land
    • 2.13 Acres
    • $239,437 per Acre

    8319 E Ashmore Acres Ct, Palmer, AK 99645

    Commercial land available at Trunk and Bogard. This listing is for the south 2.13 acre lot. See attached condo plat. Unit 2 has been sold and will be developed in 2026. Unit 1 is also for sale and has the taco business and coffee shop. Inquire for details.

    Andrew Ingram Jack White Commercial

    8319 E Ashmore Acres Ct, Palmer, AK 99645
  • 6693 E Blue Lupine Dr, Wasilla, AK 99654
    6693 E Blue Lupine Dr, Wasilla, AK 99654
    6693 E Blue Lupine Dr, Wasilla, AK 99654
    /7

    $1,500,000

    • Land
    • 3.41 Acres
    • $439,883 per Acre

    6693 E Blue Lupine Dr, Wasilla, AK 99654

    Russell Joyce RE/MAX Dynamic Properties Mat-Su Branch

    6693 E Blue Lupine Dr, Wasilla, AK 99654
  • 2750 E Whispering Woods Dr, Wasilla, AK 99654
    2750 E Whispering Woods Dr, Wasilla, AK 99654
    2750 E Whispering Woods Dr, Wasilla, AK 99654
    /54

    $620,000

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

    2750 E Whispering Woods Dr, Wasilla, AK 99654

    Well-maintained 2,664 sq ft home offering 3 spacious bedrooms, 2.5 bathrooms, and a bright open-concept living, kitchen, and dining area--perfect for everyday living and entertaining. The spacious kitchen flows seamlessly into a large family room, with abundant natural light throughout the home creating a warm and inviting atmosphere.Set on a private and peaceful 1.63-acre lot, the property

    Tammy Ervin Keller Williams Realty Alaska Group of Wasilla

    2750 E Whispering Woods Dr, Wasilla, AK 99654
  • 2890 E Odsather Cir, Wasilla, AK 99654
    2890 E Odsather Cir, Wasilla, AK 99654
    2890 E Odsather Cir, Wasilla, AK 99654
    /57

    $550,000

    • 3 Beds
    • 2.5 Baths
    • 2,022 Sq Ft

    2890 E Odsather Cir, Wasilla, AK 99654

    Waterfront living in the heart of Wasilla! This 3-bedroom condo on beautiful Wasilla Lake offers the perfect blend of comfort & convenience. Enjoy easy access to downtown shopping & dining, & low-maintenance living with tasteful upgrades. Curl up in the living room & enjoy a fire on the chilly nights or in summer enjoy a cup of lemonade on your back deck while the sun shines across the fenced yard

    Amanda Charles Keller Williams Realty Alaska Group of Wasilla

    2890 E Odsather Cir, Wasilla, AK 99654
  • 3672 E Cottonwood Way, Wasilla, AK 99654
    3672 E Cottonwood Way, Wasilla, AK 99654
    3672 E Cottonwood Way, Wasilla, AK 99654
    /9

    $315,000

    • Land
    • 1.76 Acres
    • $178,977 per Acre

    3672 E Cottonwood Way, Wasilla, AK 99654

    !!COMMERCIAL DEVELOPMENT OPPORTUNITY!! - 1.76 Acres in the Heart of Wasilla. This rare parcel offers Seward Meridian Highway frontage with excellent visibility and easy access, set among established medical offices, professional services, and thriving neighborhoods. Its central location makes it an exceptional site for those seeking a place where convenience and opportunity meet. Possible future

    Scott Blair My Favorite Realty LLC

    3672 E Cottonwood Way, Wasilla, AK 99654
  • 8255 E Ashmore Acres Ct, Palmer, AK 99645
    8255 E Ashmore Acres Ct, Palmer, AK 99645
    /2

    $518,000

    • Land
    • 1.32 Acres
    • $392,424 per Acre

    8255 E Ashmore Acres Ct, Palmer, AK 99645

    1.32 acre commercial condo parcel at the Trunk / Bogard round about. Amazing visibility. This parcel has income!!! Tacorria and Coffee Shop. Inquire for more details.

    Andrew Ingram Jack White Commercial

    8255 E Ashmore Acres Ct, Palmer, AK 99645
  • 2601 E Quiet Cir, Wasilla, AK 99654
    2601 E Quiet Cir, Wasilla, AK 99654
    2601 E Quiet Cir, 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
  • 3945 E Country Field Cir, Wasilla, AK 99654
    3945 E Country Field Cir, Wasilla, AK 99654
    3945 E Country Field Cir, Wasilla, AK 99654
    /107

    $708,750 Open Sat 12PM - 3PM

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

    3945 E Country Field Cir, Wasilla, AK 99654

    Welcome to this inviting 4-bedroom, 4-bath home offering comfort, functionality, and an unbeatable in-town location. Just off Seward Meridian Parkway and only 5 minutes from the Glenn Highway, this property provides quick access to shopping, schools, and major routes while still feeling private. The oversized 1,080 sq ft three-car garage offers exceptional space for vehicles, gear, and storage. A

    Staci Beauvais Jack White Real Estate Mat Su

    3945 E Country Field Cir, Wasilla, AK 99654
  • 530 S Harriette St, Lakes, AK 99654
    530 S Harriette St, Lakes, AK 99654
    530 S Harriette St, Lakes, AK 99654
    /5

    $145,000

    • Land
    • 2.02 Acres
    • $71,782 per Acre

    530 S Harriette St, Lakes, AK 99654

    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.

    Jared English Congress Realty, Inc

    530 S Harriette St, Lakes, AK 99654
  • 4203 E Meridian Loop, Wasilla, AK 99654
    4203 E Meridian Loop, Wasilla, AK 99654
    4203 E Meridian Loop, Wasilla, AK 99654
    /19

    $950,000

    • Land
    • 4.01 Acres
    • $236,908 per Acre

    4203 E Meridian Loop, Wasilla, AK 99654

    Position your business or next project along one of Wasilla's busiest corridors. This 4.01-acre commercial parcel offers 13k vehicles per day of drive-by exposure on the Palmer-Wasilla Highway, just outside Wasilla's core commercial area. Essential infrastructure is either onsite or nearby. This site offers exposure, flexibility, and access just outside the city limits.

    Jennifer Willardson Elevate Commercial

    4203 E Meridian Loop, Wasilla, AK 99654
Alaska Matanuska-Susitna County Wasilla South Lakes

Real Estate & Homes for Sale in South Lakes, Wasilla

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.
Learn more about living in South Lakes

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.
Is South Lakes, AK a safe neighborhood?
South Lakes, AK is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in South Lakes?
The median home price in South Lakes is $450,000. If you put a 20% down payment of $90,000 and had a 30-year fixed mortgage with an interest rate of 6.46%, your estimated principal and interest payment would be $2,270 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $97K a year to afford the median home price in South Lakes. Learn how much home you can afford with our Home Affordability Calculator. 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, 99567 and 99652.
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, Butte and Lazy Mountain.
Are home prices dropping in South Lakes?
Yes, home prices in South Lakes are down 2% in the last 12 months.

Home Trends in South Lakes, AK

On average, homes in South Lakes, Wasilla sell after 37 days on the market compared to the national average of 55 days. The median sale price for homes in South Lakes, Wasilla over the last 12 months is $430,000, down 2% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$430,000
Median Single Family Sale Price
$439,900
Average Price Per Sq Ft
$245
Number of Homes for Sale
3
Last 12 months Home Sales
62
Months of Supply
0.60
Median List Price
$450,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-2%
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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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