700 S Rainbow Street, Wasilla, AK 99623 (MLS # 26-12325)

Price $249,000
Status Active
Beds 3
Baths 1 Bath
Home size 1,541 sqft
Lot Size 27,879 sqft
Days on Market 14
Recently renovated house for sale! Located by the Meadow Lakes USPS, and close to the Valley Mover & new Circle K. With a 3 Bears a half mile down the road. This house was originally built in 1984, and was recently completely renovated. The house is a real house on a real foundation, not manufactured! The house has a very big and spacious living room, kitchen and dining room, it's a ranch styled house for easy accessibility and living. The house 3 bedroom 1 bath and 1541 square footage. The house includes a well, a gas furnace, water heater and pump leach field septic tank, which means it's maintenance free with little to no pumping septic tank maintenance required, and a brand new septic pump. The furnace & the water heater were recently replaced in the renovation. And a new well was drilled 9 years ago! Forced air heating keeps this house warm in the winter with brand new insulation, including new insulation in the attic. It's very easy to keep the house warm so the monthly utility bill is quite cheap. It has a crawl space and an attic, for easy access under the house, or above for easy storage/maintenance. The house is move in ready and good to go, featuring all new cabinets just put in last December. Comes with a fridge, gas stove top/oven, new vented hood, dishwasher, and a brand new Samsung Smart stackable laundry machine set bought earlier this Summer.In the renovation in 2014-2016 brand new.bamboo flooring was istalled throughout the house giving a unique and warm feel. The sheet rock/insulation was completely replaced and the lighting and of the wiring was completely redone, including a new circuit breaker panel/circuit breakers.The road was recently paved as well providing easy and smooth transportation. The house sits on a .64 acres lot, located in between two beautiful ponds. It has a decent sized deck in the back yard. It also has shed for extra storage with a bonus parking spot available to the left of it. The driveway is spacious and composed of gravel and the yard is very big, there are no neighbors to the right as it's a corner house. The yard in the back extends well past the treeline towards the pond. It comes completely furnished with everything from the Airbnb, which has had nothing but 5 star reviews so far! It's only a 10-15 minute drive from downtown Wasilla so it's a short and easy commute.
Property Type(s): Single Family
Last Updated 9/24/2026 Year Built 1984
Community 1D - Matanuska Susitna Borough

SCHOOLS

Elementary SchoolMeadow Lakes
Jr. High SchoolHouston
High SchoolHouston

Additional Details

APPLIANCESDishwasher, Freezer, Microwave, Refrigerator
AREA1D - Matanuska Susitna Borough
CONSTRUCTIONFrame, Wood Siding
EXTERIORLighting, Private Yard, Storage
HEATForced Air, Natural Gas
INTERIORSoaking Tub
LOT0.64 acre(s)
LOT DESCRIPTIONGentle Sloping, Sloped, Waterfront
LOT DIMENSIONS27878.4
PARKINGNone
SEWERSeptic Tank
STORIES1
STYLERanch
WATERWell
WATERFRONT DESCRIPTIONPond
Listing Office: Sun Properties, LLC
Alaska MLS

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 Petersburg Properties LLC 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

This IDX solution is (c) Diverse Solutions 2026.

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Sarah Holmgrain to contact you even if your name is on a Federal or State "Do not call List".

Email a Friend