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South Lakes Homes for Sale

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  • /4

    $230,000

    • Land
    • 2.12 Acres
    • $108,491 per Acre

    2525 N Larkspur Hill Cir, Gateway, AK 99645

    Agent Photo

    Marty Van Diest

    Valley Market Real Estate

    (844) 289-6019

    2525 N Larkspur Hill Cir, Gateway, AK 99645
  • /2

    $510,000

    $187K PRICE DROP
    • 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
  • /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
  • /100

    $1,999,000

    Coming Soon
    • 5 Beds
    • 6 Baths
    • 7,856 Sq Ft

    6251 E Chickadee Dr, Palmer, AK 99645

    Exceptional Private Finger Lake Estate in ideal central location w/ views! 6721sf home on 5 acres w/ attached garage + detached unfinished shop w/ 1135sf apt above! Custom home has soaring ceilings, designer kitchen, in-floor heat, multiple living areas, two kitchens, huge walk-out MIL apartment, guest quarters, large deck, & dock on 150ft of lake frontage. Fruit trees, greenhouse, paved drive. -

    Tait Zimmerman Advantage Alaska Real Estate

    6251 E Chickadee Dr, Palmer, AK 99645
  • /66

    $550,000

    $15K PRICE DROP
    • 3 Beds
    • 2.5 Baths
    • 2,022 Sq Ft

    2890 E Odsather Cir, Wasilla, AK 99654

    Bring your PLANE!!Experience the best of Alaska living in this stunning townhome-style unit, perfectly situated on a canal off Wasilla Lake w/ direct access & floatplane parking right from your backyard. Wake up to breathtaking Mtn views & enjoy peaceful surroundings on a quiet road with no through traffic.Inside, you'll find a warm and inviting custom fireplace that anchors the living

    Amanda Charles Keller Williams Realty Alaska Group of Wasilla

    2890 E Odsather Cir, Wasilla, AK 99654
  • /9

    $315,000

    $10K PRICE DROP
    • 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
  • /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
  • /83

    $690,000

    $59K PRICE DROP
    • 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
  • /91

    $650,000

    • 3 Beds
    • 3 Baths
    • 2,630 Sq Ft

    7230 E Waldron Cove Ct, Palmer, AK 99645

    Located in the sought-after Finger Lake subdivision, this beautifully updated prow-front home combines a convenient commute around the Valley or to Anchorage with outstanding views of Finger Lake and the Talkeetna Mountains. Large windows, soaring vaulted ceilings, and exposed wood beams create an open, light-filled living space designed to showcase the scenery. The spacious Trex deck captures

    Kaitlyn Espada Signature Real Estate Alaska

    7230 E Waldron Cove Ct, Palmer, AK 99645
  • /25

    $525,000

    • 3 Beds
    • 2 Baths
    • 1,664 Sq Ft

    1060 N Hickory St, South Lakes, AK 99645

    ALASKA DREAM HOME ALERT! Experience the perfect blend of modern design, energy efficiency, and Alaskan lifestyle. This stunning new construction home showcases high-quality craftsmanship and thoughtful upgrades throughout, all set in a peaceful location conveniently positioned between Palmer and Wasilla for an easy commute in either direction or to Anchorage. Step inside to a bright, contemporary

    Scott Blair My Favorite Realty LLC

    1060 N Hickory St, South Lakes, AK 99645
  • /66

    $599,000

    $16K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 3,428 Sq Ft

    2630 E Whispering Woods Dr, Wasilla, AK 99654

    Set on 1.93 acres, this home is close to town and also in a good commuter location. Features include 3,428 sq ft, 3 bedrooms (4-bedroom septic), 3 bathrooms, and a large bonus room. The main living area features an open living concept with vaulted ceiling, tiled floors and a wood stove for additional heat. The spacious kitchen includes a large island and is ideal for entertaining. The lower level

    Laurie Miller Jack White Real Estate Mat Su

    2630 E Whispering Woods Dr, Wasilla, AK 99654
  • /35

    $669,000

    $21K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 3,254 Sq Ft

    2721 E Odsather Cir, Wasilla, AK 99654

    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

    Tammy Ervin Keller Williams Realty Alaska Group of Wasilla

    2721 E Odsather Cir, Wasilla, AK 99654
  • /99

    $950,000

    • 4 Beds
    • 3 Baths
    • 3,280 Sq Ft

    7218 E Riparian Loop, Palmer, AK 99645

    IMAGINE A TRUE ALASKAN HOME room for all your toys! A chef's kitchen with butler's pantry, luxurious primary ensuite fit for royalty, executive office, bonus room, & custom gaming/pool room with hidden storage. Oversized 5-car garage with RV bay plus separate 1-car garage. In-floor heat, soaring ceilings, custom finishes, manicured grounds, & stunning architectural details throughout. SEE MORE..

    Joslyn Blanchard Jack White Real Estate

    7218 E Riparian Loop, Palmer, AK 99645
  • /50

    $650,000

    • 4 Beds
    • 3 Baths
    • 3,346 Sq Ft

    590 S Stamper Dr, Wasilla, AK 99654

    Set on a level acre in a convenient location near the hospital, this spacious 3,346 sq ft home offers room to live, work, and expand. With 4 bedrooms, an office, 3 bathrooms, and multiple living areas, this property is perfectly suited for multigenerational living or anyone needing flexible space. Vaulted ceilings in the living room, primary suite, and bonus room create an open feel, while solid

    Laurie Miller Jack White Real Estate Mat Su

    590 S Stamper Dr, Wasilla, AK 99654
  • /42

    $995,000

    • 3 Beds
    • 2.5 Baths
    • 2,797 Sq Ft

    1561 N Landmark Dr, Palmer, AK 99645

    This is a one of a kind property, with easy access to Anchorage, Palmer and Wasilla. Not only is it centrally located, it sits on over 4 acres with waterfront access. Enjoy treetop views year round, with Pioneer Peak in the distance and waterfront beauty. This is a custom built house with a modern country flair and offers ultimate privacy. The indoor space offers serene color tones, which

    Emilie Cullison Elite Real Estate Group

    1561 N Landmark Dr, Palmer, AK 99645
  • /35

    $470,000

    $20K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,698 Sq Ft

    801 N Back Eddy Cir, Palmer, AK 99645

    Remodeled and cared for ranch style home with 3 bedrooms, 2 bathrooms and 2 car garage. Well-known and desired location 'Wasilla Creek Commons.' Stunning mountain views surround you in this well-maintained neighborhood. Only minutes to Parks Highway (commuters dream), Mat-Su Regional Hospital, Mat-Su College, trail systems, many amenities and several schools. Home comes with stainless steel

    Hondo Vizzerra Signature Real Estate Alaska

    801 N Back Eddy Cir, Palmer, AK 99645
  • /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
  • /19

    $950,000

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

    4203 E Meridian Loop, Wasilla, AK 99654

    Visibility! 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

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 2.0 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 28% of residents renting and 72% 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 $470,000. If you put a 20% down payment of $94,000 and had a 30-year fixed mortgage with an interest rate of 6.31%, your estimated principal and interest payment would be $2,330 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $100K 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, 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, Butte and Lazy Mountain.
Are home prices dropping in South Lakes?
Yes, home prices in South Lakes are down 3% in the last 12 months.

South Lakes Home Prices vs. Nearby Wasilla, AK Neighborhoods

South Lakes Gateway Farm Loop Chugiak
Median Home Price
$470,000
$503,085
$557,000
$559,000
Median Sale Price
$437,400
-3% YoY
$486,525
-8% YoY
$510,000
-4% YoY
$515,000
+1% YoY
Median Single Family Price
$470,000
$506,841
$540,000
$554,450
Total Active Listings
11
38
11
24
Market Conditions
2 Months
Seller's Market
3 Months
Seller's Market
3 Months
Seller's Market
4 Months
Seller's Market
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