242 S Megan Way, Wasilla, AK 99654

$505,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,784 Lot Size (sq. ft.): 24,829 Status: Closed

Current Price: $505,000 Last Modified: 4/30/2026

Description

Turnkey opportunity with flexibility in a prime Valley location!

Supplements: This beautifully maintained 4-bedroom, 3-bath home has been operated as a successful furnished rental over the past several years and is in excellent condition. Updated in 2022, it has been thoughtfully refreshed and meticulously cared for, showing true pride of ownership throughout. This one gives you options. Move right in and enjoy it as-is, or bring your own vision and personal touches to make it uniquely yours. The spacious, functional layout offers room to spread out, entertain, or even accommodate multi-generational living. Located in the established Meadow Brook subdivision, you're just 10 minutes to the highway and centrally positioned between Palmer and Wasilla via Palmer-Wasilla Hwy or Hyer Road -- making it a convenient commuter location while still feeling tucked into a neighborhood setting. Well cared for, versatile, and ready for its next chapter.

More Information MLS# 26-1915

Location Legal and School Info

Area: WA - Wasilla Street #: 242 Directional: S Street Name: Megan Arterial: Way Closest USPS Town: Wasilla State: AK Zip Code: 99654 Subdivision Name: Meadow Brook

Contract Info

Price-List: 505000 Date-Listing: 2026-03-01 Status: Closed Foreclosure/Bank Own: No

Sold Info

Date-Pending: 2026-03-05 Date-Closing: 2026-04-29

Property Info

Realtor.com Type: Residential - Single Family Property Attached/Common Walls: No Construction Status: Existing Structure Beds: 4 Bathrooms Full: 3 Bathrooms Total: 3 SF-Res: 1784 Year Built: 2004 Garage Spaces: 2 SF-Lot: 24829.2 Lot Area Source: Tax Authority Acres: 0.57 Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston Energy Rating: 5*

Remarks and Directions

Directions: take Palmer Wasilla hwy. Turn on Shenandoah by the mattress ranch. right on hickory, right on tiffany, right on Megan. House on the corner of Megan/Jean. Can also take Hyer Road to Lower Rd to Jean.

Miscellaneous

Basement Status: Finished

Mortgage Info

EM Minimum Deposit: 5000

Property Features

Residential Type: B & B in Operation; B & B Potential; Single Family Res Construction Type: Wood Frame Exterior Finish: Wood Roof Type: Asphalt Foundation Type: Block Floor Style: Multi-Level; Side/Calif Split; Tri-Level Garage Type: Attached Carport Type: None Heating: Forced Air; Natural Gas Sewer Type: Septic Tank Water Source: Shared Well Dining Room Type: Area Features-Interior: Basement; CO Detector(s); Den &/Or Office; Family Room; Gas Fireplace; Smoke Detector(s); Vaulted Ceiling(s); Washer &/Or Dryer Hookup Appliances: Range; Oven; Microwave; Refrigerator; Dishwasher; Stainless Steel Appliance(s); Dryer; Washer Flooring: Carpet; Luxury Vinyl; Vinyl Features-Additional: Fenced Yard; Private Yard; Fire Pit; Landscaping; Lot-Corner; Shed; Paved Driveway Access Type: Maintained; Paved View Type: Mountains Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: Creek To Show: ShowingTime Listing Terms Financing: AHFC; Cash; Conventional; FHA; VA Loan Docs Avl for Review: Home Inspection

Documents

Property Profile ›

Listing Office: Signature Real Estate Alaska

Last Updated: April - 30 - 2026

242 S Megan Way, Wasilla, AK 99654- MLS# 26-1915

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.

242 S Megan Way, Wasilla, AK 99654

Description