8861 E Lexington Street, Palmer AK 996451 / 70
Just Listed

$488,500

Active

8861 E Lexington Street

Palmer AK 99645

Midtown Estates 2

Hooligan Real Estate Hub

4

Bedrooms

3

Bathrooms

2,391

Sq Ft

1986

Year Built

$204/sqft4-car garage0.46 acres lot

MLS# 26-5769· Listed May 21, 2026

Live MLS feed

About This Home

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. 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.

Documents & insights

1 key item6 to review

13 documents from current & prior listings · parcel #2968B05L017.

AI Summary

Summary of 13 documents from this property's current and prior listings. 1 item to review closely, plus 40 additional facts captured. Your agent can help with interpretation.

What the seller reported about utilities

From disclosure

The seller reports average monthly utility costs of $207 for electricity provided by MEA, $154 for natural gas… provided by Enstar, and $77 for water provided by Unified Alaskan Utilities.

Source: State of Alaska Property Disclosure · Prior listing — Canceled May 2026

Reflects the prior owner's usage and providers. Your costs may vary.

A sample of what's in the documents

Heads-upCompared across 2021 & 2026 disclosures

Roof material described in older disclosure, not addressed in current

The 2021 disclosure stated "Asphalt/Composition Shingle". The 2026 disclosure leaves this section blank.

2021: "Asphalt/Composition Shingle" 2026: [section left blank]
View source — Property Disclosure ↔ State of Alaska Property Disclosure
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Documents from prior listings(13) · sign in to open

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Disclosure timeline

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Property Details

Property TypeResidential
Full Baths3
Half Baths0
Garage Spaces4
ParkingAttached
Year Built1986
Lot Size0.46 acres
SubdivisionMidtown Estates 2
Parcel #2968B05L017
Annual Taxes$4,536 (2025)
HOA Fee$50/Yearly
MLS #26-5769

Heating

BaseboardNatural Gas

Interior Features

BasementDen &/Or OfficeFireplaceWasher &/Or Dryer HookupBR/BA on Main LevelJetted TubCeiling Fan(s)Smoke Detector(s)Vaulted Ceiling(s)Laminate CountersPantrySoaking Tub

Exterior Features

Covenant/RestrictionFire Service AreaGarage Door OpenerHome Owner Assoc.Road Service AreaViewParksidePaved Driveway

Flooring

CarpetTileLinoleum

Water Source

Well

Sewer

Septic Tank

View

Mountain(s)Unobstructed

Price & Status History

5/21/2026
Listed for sale
$488,500-2.3%
$204/sqft
Source: AKMLS #26-5769
5/11/2026
Cancelled
$500,0000.0%
$209/sqft
4/21/2026
Listed for sale
$500,000+22.2%
$209/sqft
11/5/2021
Sold
$409,000
$171/sqft

* Alaska is a non-disclosure state. Prices shown are listed asking prices, not recorded sale prices.

Equal Housing Opportunity

Listed by: John Denny · Hooligan Real Estate Hub

Alaska MLS

© 2026 Alaska Multiple Listing Service, Inc. All rights reserved. IDX 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. Listing information is deemed reliable but not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Dream Makers. Data last updated May 2026.

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Greg Shepard

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Real Estate Agent

Better Homes and Gardens Real Estate Dream Makers

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Mortgage Estimate

Down payment10% · $48,850
Interest rate7.0%
Loan term30 years

$2,925/mo

$439,650 loan · 30yr · 7.0%

Estimate only. Taxes & insurance not included. Rates vary by lender.

Greg Shepard

Dream Makers

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