1586 N Meadow Lakes Drive Wasilla, AK 99623 — MLS# 26-7536

Start of property details

Share this property:
1586 N Meadow Lakes Drive
Wasilla, AK 99623
FOR
SALE
$725,000
Active
7
Beds
4
Baths
4
Garage
1.43
Acres
2014
Yr. Built
MLS# 26-7536
Cumulative Days on Market: Less than 1 · Includes prior listings · Currently listed since 06/23/26 · Data provided by the MLS.

Property Description

Great owner-occupant or investment opportunity just down the street fromthe Seymour Lake public launch. Property includes two 2BR / 1BA units rented at $1, 350 / month each and a detached home built in 2024, leased through 05 / 31 / 2027 at $2, 250 / month. Features include open-concept living, on-demand water heaters, independent thermostats, garage space, and strong income potential.Fantastic opportunity for an owner-occupant or investor seeking a versatile income-producing property in a convenient location just 10 minutes from Wasilla and moments from the Seymour Lake public boat launch.The property consists of three separate units, including two 2-bedroom, 1-bath apartments currently rented for $1, 350 per month each on month-to-month leases. The detached home was built in 2024, has its own septic system, and is currently leased through 05 / 31 / 2027 at $2, 250 per month, providing stable long-term income.Each unit is thoughtfully designed with open-concept kitchen, dining, and living areas, creating a spacious and functional layout. Additional features include individual on-demand water heaters, electronic entry systems, independent thermostats, and bay windows that provide abundant natural light in both the primary bedrooms and living spaces. The upper unit features vaulted ceilings and a sliding glass door leading to a private deck.Whether you're looking to live in one unit and offset your mortgage with rental income or add a strong-performing property to your investment portfolio, this property offers flexibility, cash flow, and long-term potential.

Ask a Local Expert

Property Highlights

Bedrooms
7
Total Bathrooms
4
Living Area
3,314 Sqft
Price / Sqft
$219
Acres
1.43
Year Built
2014

Location

Area
1D - Matanuska Susitna Borough
City/Township
Wasilla
Waterfront
Yes
Zoning
UNZ
Zoning Description
Not Zoned-all MSB but Palmer/Wasilla/Houston

Lake/Waterfront Information

Waterfront Features
Lake Privileges, Slough/Estuary

Property Details

Price
$725,000

Building

Structure Type
Other - See Remarks
Total Area
3,314

Community

Local Schools

Elementary School
BTV-Undiscl by LL
Middle School
Houston
High School
Houston

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
4
Full Bathrooms
4
Bedrooms
7

Area and Spaces

Living Area
3,314 Sqft
Number of Units
3

Appliances

Appliances
Washer/Dryer

Heating and Cooling

Heating Features
Forced Air, Natural Gas

Building Details

Construction

Year Built
2014
Foundations
Block, Concrete Perimeter

Materials

Construction Materials
Wood Siding, Frame
Roof
Asphalt, Shingle

Terms

Terms

Special Conditions
Short Sale

Heating, Cooling & Utilities

Utilities

Utilities
Cable Available
Sewer
Septic Tank
Water Source
Well

Lot

Acres
1.43
Lot Size
1.43
Lot Size Area Sq Ft
62,290.80

Parking

Garage Capacity
4
Covered Spaces
4
Parking Features
No Carport, Attached
Listed by Signature Real Estate Alaska.
Listing Data last updated 06/23/2026 12:00 am
Get a Link to this Property: Copy To Clipboard
QR Code link to this property

Phone:
Connect with:

Payment Calculator

per month. fixed. % interest.
$
%
$
%
Principal & Interest
+ Home Insurance
+ Property Tax
+ HOA Fees
per month
Total interest paid over s will be:
All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 23-Jun-2026 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
Get Walk Score Content

Property History

Today
Property information last updated
Today
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: Less than 1 days (includes prior listings) · Currently listed since June 23, 2026. Data provided by the MLS.

Similar Properties

The content relating to real estate in this web site comes in part from the Internet Data eXchange (IDX) program of Alaska MLS. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Display of MLS data and information is usually deemed reliable but is not guaranteed accurate by the MLS. Supplied Open House Information is subject to change without notice. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Broker/Agent may have been included in the MLS data. The Broker/Agent operating this web site believes the data here to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All information is subject to change and should be independently verified.
© 2026 Alaska MLS.

Listing Data last updated: 06/23/2026 12:00 am
Equal Housing Opportunity
Service by Buying Buddy® IDX CRM
Copyright © 2003 - 2026 Buying Buddy. All rights reserved.