48902 S Rainbow Ridge Drive, Willow, AK 99688 (MLS # 26-4091)

Price $359,000
Status Active
Beds 2
Baths 1 Bath
Home size 1,216 sqft
Lot Size 16,989 sqft
Days on Market 2
Year-round adventure meets cozy comfort at this incredible lakefront escape on Upper Caswell Lake. Whether you're spending summer days on the water or winter evenings by the fire, this property captures the true spirit of Alaska living. Ideally located near the iconic Sheep Creek Lodge for when you need someone to cook for you, the home is equipped for all seasons with electricity, a Toyo stove, and a wood stove for that warm, cabin feel. Running water adds everyday convenience, making this a rare blend of off-grid charm and livable comfort.Inside, you'll find two large bedrooms with lots of sleeping space. The open-concept living space with vaulted ceilings invites connection and game nights. Natural light pours in, highlighting the custom touches throughout and creating a warm, welcoming atmosphere after a long day outdoors. The wood stove anchors the living area, perfect for gathering with friends and family while taking in peaceful lake views. Custom blinds, appliances, washer and dryer and almost everything you need for a turn key, lake life home.Step outside onto the large Trex deck, ideal for entertaining, relaxing, or simply soaking in the quiet beauty of the surroundings. A large 14x16 storage shed provides plenty of space for gear, tools, and all your Alaskan toys. The property also includes a diesel generator with transfer switch, offering reliable power and peace of mind.Adventure truly begins at your doorstep. Trails lead directly from the property, opening up endless opportunities for exploring by foot, snowmachine, or ATV. Nearby, Willow Creek and Kashwitna River offer world-class fishing and floating, making this a dream location for outdoor enthusiasts.Whether you're looking for a full-time residence, a weekend getaway, or a place to unplug and reconnect with nature, this beautifully maintained waterfront cabin delivers. It's more than a home--it's a lifestyle rooted in adventure, tranquility, and the best of Alaska's great outdoors!!
Property Type(s): Single Family
Last Updated 4/19/2026 Year Built 2009
Community 1D - Matanuska Susitna Borough County Matanuska-Susitna Borough

SCHOOLS

Elementary SchoolBTV-Undiscl by LL
Jr. High SchoolBTV-Undiscl by LL
High SchoolBTV-Undiscl by LL

Additional Details

AIRCeiling Fan(s)
AIR CONDITIONINGYes
APPLIANCESDishwasher, Microwave, Refrigerator
AREA1D - Matanuska Susitna Borough
BARN/EQUESTRIANYes
CONSTRUCTIONLog, Log Siding
EXTERIORFire Pit, Private Yard, Storage
HEATOil, Propane, Wood
INTERIORCeiling Fan(s), Pantry, Vaulted Ceiling(s)
LOT0.39 acre(s)
LOT DESCRIPTIONGentle Sloping, Level, Sloped, Waterfront
LOT DIMENSIONS16988.4
PARKINGNone
SEWERSeptic Tank
STYLEA-Frame
UTILITIESCable Connected
VIEWYes
VIEW DESCRIPTIONLake
WATERPrivate, Well
WATER ACCESSCaswell Lakes
WATERFRONTYes
WATERFRONT DESCRIPTIONLake Front, Lake Privileges
Listing Office: Keller Williams Realty Alaska Group of Wasilla
Alaska MLS

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