8861 E Lexington Street, Palmer, AK 99645 (MLS # 26-5769)

Price $488,500
Status Active
Beds 4
Baths 3 Baths
Home size 2,391 sqft
Lot Size 20,038 sqft
Days on Market 5
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.
Property Type(s): Single Family
Last Updated 5/21/2026 Tract Midtown Estates 2
Year Built 1986 Community 1D - Matanuska Susitna Borough
Garage Spaces 4.0

SCHOOLS

Elementary SchoolPioneer Peak
Jr. High SchoolColony
High SchoolColony

Additional Details

AIRCeiling Fan(s)
AIR CONDITIONINGYes
AREA1D - Matanuska Susitna Borough
BASEMENTYes
CONSTRUCTIONFrame, Wood Siding
FIREPLACEYes
GARAGEAttached Garage, Yes
HEATBaseboard, Natural Gas
HOA DUES50
INTERIORBreakfast Bar, Ceiling Fan(s), Laminate Counters, Pantry, Soaking Tub, Vaulted Ceiling(s)
LOT0.46 acre(s)
LOT DESCRIPTIONLandscaped, Level, Rolling Slope
LOT DIMENSIONS20037.6
PARKINGGarage Door Opener, Paved, Attached
SEWERSeptic Tank
STYLEProw Front Split, Split Level
SUBDIVISIONMidtown Estates 2
TAXES4536.39
VIEWYes
VIEW DESCRIPTIONMountain(s)
WATERWell
Listing Office: Hooligan Real Estate Hub
Alaska MLS

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