Movoto Real Estate
Sold on 05/25/2026
  • Exterior
  • Entry Way
  • Other
  • Living
  • Dining
  • Kitchen
  • Bedroom
  • Bath
  • View/Area

8861 E Lexington St, Palmer, AK 99645

  • $488,500

    Last sold 05/25/2026 after 4 Days

  • 4

    bed

  • 3

    bath

  • 2,391

    Sqft ($204/Sqft)

House not for sale
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About 8861 E Lexington St

Property type House
Neighborhood
Year built 1986
HOA fee $4/month
Lot size 0.46 Acre
Movoto estimate
Parking 4 garage spaces
Property 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. 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.
Listed by
Listing Agent - John Denny
Listing Office - Hooligan Real Estate Hub
Source: Alaska MLS mls logo
MLS#26-5769 • last updated 1 month ago
Movoto checked Alaska MLS for data 15 minutes ago
Overview
Heating Baseboard, Natural Gas
Levels/Style Multi-Level, Prow Front Split, Split Entry
Status Closed
MLS # 26-5769
Type Residential
Lot Size (Acres) 0.46
Lot Size (SqFt) 20037.6
Property Tax 4536.39
Year Built 1986
HOA Midtown Estates POA
HOA Fee Yearly, 50
Interior
Total # of Bathrooms 3
# Full Baths 3
# Bedrooms 4
Flooring Carpet, Linoleum, Tile
Interior Features Basement, BR/BA On Main Level, Ceiling Fan(s), CO Detector(s), Family Room, Fireplace, Jetted Tub, Pantry, Smoke Detector(s), Soaking Tub, Vaulted Ceiling(s), Washer &/Or Dryer Hookup, Window Coverings, Wood Stove, Laminate Counters
Exterior
Construction Wood Frame - 2x6
Roof Shingle
Parking Desc Paved Driveway, Garage Door Opener, Attached
# Garage Spaces 4
Exterior Features Covenant/Restriction, Fire Service Area, Home Owner Assoc, Landscaping, Parkside, Road Service Area, View
Lot Desc Gently Rolling, Level
Patio/ Porch Deck/Patio
Amenities / Utilities
Sewer/ Septic Septic Tank
Water Source Well
Location
View Mountains, Unobstructed
Subdivision Midtown Estates 2
Area 1 - Matanuska Susitna Borough
Elementary School Pioneer Peak
High School Colony
Middle School Colony
Zoning UNZ - Not Zoned-all MSB But Palmer/Wasilla/Houston
APN 2968B05L017
Directions Palmer Wasilla Highway To Midtown Drive To Left On Westside Drive To Right On Lexington Home On The Left
Lot/ Land Details
Road Surface Dedicated Road, Maintained, Paved
$501K
Range: $451K-$551K
Last 30 days 
  • May 2026
    mls logo MLS # 26-5769
  • May 26, 2026 Pending
  • May 21, 2026 Listed
    $488,500 (-2.3%)
  • Apr 2026
    mls logo MLS # 26-4200
  • Apr 21, 2026 Listed
    $500,000 (+22.2%)
  • Sep 2021
    mls logo MLS # 21-10900
  • Sep 8, 2021 Pending
  • Aug 5, 2021 Price Change
    $409,000 (-4.0%)
  • Jul 10, 2021 Listed
    $426,000
  • Year Property taxes Tax assessment
  • 2025
    $4,536 +2.1%
    $413,000 +5.14%
  • 2024
    $4,441 +6.5%
    $392,800 +3.64%
  • 2023
    $4,171 +4.7%
    $379,000 +10.08%
  • 2022
    $3,982 +549.1%
    $344,300 +29.53%
  • 2021
    $613 -81.8%
    $265,800 +4.56%
  • 2020
    $3,379 +1.9%
    $254,200 +2.87%
  • 2019
    $3,316 +2.5%
    $247,100 +1.9%
  • 2018
    $3,235 +7.5%
    $242,500
  • 2013
    $3,009
    $242,500
  • 8861 E Lexington St
    $488K
  • 1d - Matanuska Susitna Borough
  • 99645
    $529K +9% y/y
  • Palmer
    $532K +9% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
8831 E Lexington St, Palmer, AK 99645 $884,000 3/2 2,199 0.02
8811 E Times Square Cir, Palmer, AK 99645 $914,000 —/— 2,092 0.03
8801 E Times Square Cir, Palmer, AK 99645 $1,001,000 —/— 2,738 0.03
8891 E Lexington St, Palmer, AK 99645 $636,000 4/— 4,811 0.03
8788 E Times Square Cir, Palmer, AK 99645 $432,000 4/— 2,355 0.04
8791 E Times Square Cir, Palmer, AK 99645 $864,000 3/2 1,816 0.04
8831 E Times Square Cir, Palmer, AK 99645 $456,000 4/— 2,577 0.04
8801 E Lexington St, Palmer, AK 99645 $865,000 3/— 2,921 0.04

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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