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For sale
  • Price increase: $50.5K (7/10)
    $450,000

    1980 Milky Way, Fairbanks, AK 99712

    2beds
    1,725sqft
    : 
    $3,004/mo
    Get pre-qualified
    Single Family Residence
    Built in 1982
    7.35 Acres Lot
    $-- Zestimate®
    $261/sqft
    $-- HOA

    What's special

    Rustic characterSurrounding trees and privacyWarm natural wood finishesEnergy-efficient double wall constructionExpansive wraparound deckingDistinctive lodge-like feel
    Private, versatile, and packed with Alaska charm, 1980 Milky Way offers the kind of setup that’s getting harder to find. Situated on 7.35 wooded acres, this 1,725 square foot, 2 bedroom, 1 bath home combines rustic character with practical function in a peaceful, tucked-away setting. Built with energy-efficient double wall construction, the home was designed for comfort in Alaska’s climate while offering warm natural wood finishes and a distinctive lodge-like feel. Expansive wraparound decking creates multiple places to relax, entertain, and take in the surrounding trees and privacy. This property shines well beyond the main home. A 1,022 square foot heated garage/shop offers outstanding space for projects, storage, equipment, or recreational toys, while the 280 square foot guest cabin adds flexible room for guests, hobbies, or workspace. Several additional sheds and outbuildings provide even more storage and utility. Previously home to a family with horses, the acreage offers excellent potential for a hobby farm, animals, or anyone looking for room to live a more self-sufficient lifestyle. If you’ve been searching for a property with privacy, usable acreage, outbuildings, and true Alaska character, this one deserves a look.
    15 days
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    689
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    47
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    Zillow last checked:

    Listing updated:

    Listed by:

    JT Morgan 907-987-0604,

    HEDGECOCK GROUP REAL ESTATE, LLC

    Source: GFMLS,MLS#: 160666MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Rooms
      • Room types: Arctic Entry
      Heating
      • Wood Stove, Monitor/Toyo
      Appliances
      • Included: Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
      • Laundry: Upper Level
      Features
      • Flooring: Hardwood
      • Windows: Vinyl
      • Basement: None
      Interior area
      • Total structure area: 1,725
      • Total interior livable area: 1,725 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: RV Access/Parking, Detached/HTD
      • Garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck/Patio
      • Exterior features: Horse Property, Lawn, Natural
      • Fencing: Fenced
      Lot
      • Size: 7.35 Acres
      Details
      • Additional structures: Workshop, Shed(s)
      • Parcel number: 0676041
      • Zoning: UNK
      • Zoning description: General Use District - 1
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Lap Siding, Double Wall
      • Foundation: Other
      • Roof: Shingle
      Condition
      • 31 + yrs
      • New construction: No
      • Year built: 1982

      Utilities & green energy

      • Gas: Oil
      • Sewer: Private Sewer
      • Water: Cistern

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: AMANITA HEIGHTS
      Location
      • Region: Fairbanks

      Financial & listing details

      • Price per square foot: $261/sqft
      • Tax assessed value: $315,458
      • Annual tax amount: $3,833
      • Price range: $450K - $450K
      • Date on market: 7/10/2026
      • Listing terms: Cash/Refinance
      • Road surface type: Gravel

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/10/2026Price change$450,000+12.6%$261/sqft
        Source: GFMLS #160666 Report a problem
        8/4/2022Listed for sale$399,500$232/sqft
        Source: GFMLS #150764 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,833 -13.2%$315,458 +1.2%
        2024$4,415 +1%$311,587 -0.3%
        2023$4,373 +12.2%$312,483 +6.6%
        2022$3,896 +4.3%$293,068 +12.7%
        2021$3,736 +1.5%$260,021 +2%
        2020$3,682 +8.9%$255,040 +0.9%
        2018$3,380 $252,720 +1%
        2017-- $250,104
        2016-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 99712

        Getting around

        0 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        4 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Weller
        • Middle: Tanana
        • High: Lathrop

        Source: GFMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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