8861 E Lexington Street, Palmer, AK 99645

$488,500
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,391 Lot Size (sq. ft.): 20,038 Status: Pending
Current Price: $488,500 Last Modified: 5/26/2026

Description

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.

Supplements: 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.

More Information MLS# 26-5769

Location Legal and School Info

Area: PA - Palmer Street #: 8861 Directional: E Street Name: Lexington Arterial: Street Closest USPS Town: Palmer State: AK Zip Code: 99645 Subdivision Name: Midtown Estates 2

Contract Info

Price-List: 488500 Date-Listing: 2026-05-21 Status: Pending Foreclosure/Bank Own: No

Sold Info

Date-Pending: 2026-05-25

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: 2391 Year Built: 1986 Garage Spaces: 4 SF-Gar: 1196 SF-Lot: 20037.6 Lot Area Source: Tax Authority Acres: 0.46 Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston

Remarks and Directions

Directions: Palmer Wasilla Highway to Midtown Drive to Left on Westside Drive to Right on Lexington Home on the Left

Association Info

Association Name: Midtown Estates POA Association Phone #: (907) 357-1770 Manager Contact: ULRIKE JOHNSON Dues-Amount: 50 Dues-Frequency: Yearly

Property Features

Residential Type: Single Family Res Construction Type: Wood Frame - 2x6 Exterior Finish: Wood Roof Type: Shingle Foundation Type: Poured Concrete Floor Style: Multi-Level; Prow Front Split; Split Entry Garage Type: Attached Carport Type: None Heating: Baseboard; Natural Gas Sewer Type: Septic Tank Water Source: Well Dining Room Type: Area; Breakfast Nook/Bar Features-Interior: Basement; BR/BA on Main Level; Ceiling Fan(s); CO Detector(s); Den &/Or Office; Family Room; Fireplace; Jetted Tub; Pantry; Smoke Detector(s); Soaking Tub; Vaulted Ceiling(s); Washer &/Or Dryer Hookup; Window Coverings; Wood Stove; Laminate Counters Flooring: Carpet; Linoleum; Tile Features-Additional: Covenant/Restriction; Deck/Patio; Fire Service Area; Garage Door Opener; Home Owner Assoc.; Landscaping; Parkside; Road Service Area; View; Paved Driveway Access Type: Dedicated Road; Maintained; Paved View Type: Mountains; Unobstructed Topography: Gently Rolling; Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None To Show: ShowingTime Listing Terms Financing: AHFC; Cash; Conventional; FHA; VA Loan Docs Avl for Review: CC&R's; Floor Plan

Documents

Listing Office: Hooligan Real Estate Hub
Last Updated: May - 26 - 2026
8861 E Lexington Street, Palmer, AK 99645- MLS# 26-5769
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.