$488,500
8861 E Lexington Street
Palmer, AK 99645
MLS# 26-5769
4 beds  |  3 baths  |  2391 sqft


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Property Description
Rare Midtown Estates property in a prime Palmer-Wasilla commute location! Spacious 4BR home with additional finished rooms offering flexible living space, stunning mountain & northern lights views, award-winning gardens, mature fruit trees, fireplace, and incredible landscaping. Community park nearby with new pickleball courts coming soon. Extra appliances and garage shelving included.

Details
Maps
Location, Legal, and School Info
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1D - Matanuska Susitna Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: WA08
Tax ID: 52968B05L017
Taxes (Estimated): 4536.39
Tax Year: 2025
School-Elementary: Pioneer Peak
School-Middle: Colony
School-High: Colony
Legal: MIDTOWN EST II BLOCK 5 LOT 17
Currently Not Used
Subdivision Name: Midtown Estates II
Contract Info
Foreclosure/Bank Own: No
Price-List: 488500
Date-Listing: 2026-05-21
Status: Active
Property Info
Realtor.com Type: Residential - Single Family
Construction Status: Existing Structure
Property Attached/Common Walls: No
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 3
Bathrooms Total: 3
Acres: 0.46
SF-Lot: 20037.6
Lot Area Source: Tax Authority
Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Garage Spaces: 4
SF-Gar: 1196
Carport Spaces: 0
Beds: 4
SF-Res: 2391
Year Built: 1986
Remarks and Directions
Directions: Palmer Wasilla Highway to Midtown Drive to Left on Westside Drive to Right on Lexington Home on the Left
Residential Type
Single Family Res: 1
To Show
ShowingTime: 1
Association Info
Association Name: Midtown Estates POA
Association Phone #: (907) 357-1770
Manager Contact: ULRIKE JOHNSON
Dues-Amount: 50
Dues-Frequency: Yearly
Listing Terms Financing
AHFC: 1
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Exterior Finish
Wood: 1
Heating
Baseboard: 1
Natural Gas: 1
Topography
Gently Rolling: 1
Level: 1
Roof Type
Shingle: 1
Construction Type
Wood Frame - 2x6: 1
Foundation Type
Poured Concrete: 1
View Type
Mountains: 1
Unobstructed: 1
Wtrfrnt-Access Near
None: 1
Garage Type
Attached: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Flooring
Carpet: 1
Linoleum: 1
Tile: 1
Floor Style
Multi-Level: 1
Prow Front Split: 1
Split Entry: 1
Features-Interior
Basement: 1
BR/BA on Main Level: 1
Ceiling Fan(s): 1
CO Detector(s): 1
Den &/Or Office: 1
Family Room: 1
Fireplace: 1
Jetted Tub: 1
Pantry: 1
Smoke Detector(s): 1
Soaking Tub: 1
Vaulted Ceiling(s): 1
Washer &/Or Dryer Hookup: 1
Window Coverings: 1
Wood Stove: 1
Laminate Counters: 1
Features-Additional
Covenant/Restriction: 1
Deck/Patio: 1
Fire Service Area: 1
Garage Door Opener: 1
Home Owner Assoc.: 1
Landscaping: 1
Parkside: 1
Paved Driveway: 1
Road Service Area: 1
View: 1
Water Source
Well: 1
Access Type
Dedicated Road: 1
Maintained: 1
Paved: 1
Dining Room Type
Area: 1
Breakfast Nook/Bar: 1
Sewer Type
Septic Tank: 1
Docs Avl for Review
CC&R's: 1
Floor Plan: 1
Location Legal and School Info
Area: PA - Palmer
Street #: 8861
Directional: E
Street Name: Lexington
Arterial: Street
Closest USPS Town: Palmer
State: AK
Zip Code: 99645
Subdivision Name: Midtown Estates II
Property Features
Residential Type: Single Family Res
Construction Type: Wood Frame - 2x6
Exterior Finish: Wood
Roof Type: Shingle
Foundation Type: Poured Concrete
Floor Style: Multi-Level; Prow Front Split; Split Entry
Garage Type: Attached
Carport Type: None
Heating: Baseboard; Natural Gas
Sewer Type: Septic Tank
Water Source: Well
Dining Room Type: Area; Breakfast Nook/Bar
Features-Interior: Basement; BR/BA on Main Level; Ceiling Fan(s); CO Detector(s); Den &/Or Office; Family Room; Fireplace; Jetted Tub; Pantry; Smoke Detector(s); Soaking Tub; Vaulted Ceiling(s); Washer &/Or Dryer Hookup; Window Coverings; Wood Stove; Laminate Counters
Flooring: Carpet; Linoleum; Tile
Features-Additional: Covenant/Restriction; Deck/Patio; Fire Service Area; Garage Door Opener; Home Owner Assoc.; Landscaping; Parkside; Road Service Area; View; Paved Driveway
Access Type: Dedicated Road; Maintained; Paved
View Type: Mountains; Unobstructed
Topography: Gently Rolling; Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
To Show: ShowingTime
Listing Terms Financing: AHFC; Cash; Conventional; FHA; VA Loan
Docs Avl for Review: CC&R's; Floor Plan
Supplements
Located in the highly desirable Midtown Estates area, this property offers one of the best commute locations in the Mat-Su Valley with convenient access to Palmer, Wasilla, Anchorage, Eagle River, Chugiak, Big Lake, and nearby military bases. While officially marketed as a 4-bedroom home due to septic capacity, the home offers additional finished rooms that provide exceptional flexibility for offices, dens, playrooms, workout rooms, hobby spaces, guest areas, or whatever best fits a homeowner's needs. Inside, you'll find solid wood doors throughout the home, adding warmth and quality craftsmanship. The home also features a fireplace, creating a comfortable and inviting atmosphere during Alaska winters. The sellers are also including a substantial amount of additional value with the sale, including multiple appliances and storage features such as deep freezers, extra refrigerators, washer and dryer units, and garage shelving. The exterior of this property is truly one-of-a-kind. The grounds feature incredible mature landscaping and gardens that have been meticulously maintained over the years. The property includes two extraordinarily large chokecherry trees believed to be among the largest in Alaska, along with five mature crabapple trees that consistently produce oversized fruit in abundance. The crabapples have reportedly earned Alaska State Fair recognition multiple years in a row. Additional outdoor highlights include mature raspberry bushes, towering rose bushes surrounding the home, expansive yard space, and breathtaking mountain views in nearly every direction. The property also offers incredible northern lights viewing opportunities, as shown in the listing photos. A community park is located just down the street and visible from the property, with new pickleball courts currently being added this summer, making this neighborhood even more desirable for recreation and community living. This is a rare opportunity to own a truly established property with character, flexible living space, mature landscaping, exceptional views, and one of the most convenient locations in the Valley.

IDX
Listing Office: Hooligan Real Estate Hub

Last Updated: May - 21 - 2026

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 the site owner are marked with 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. Site contains live data.