Turnkey opportunity with flexibility in a prime Valley location!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.
Sold
Price Unknown
242 S Megan Way, Palmer, AK 99645
4beds
1,784sqft
Single Family Residence
Built in 2004
0.57 Acres Lot
$487,800 Zestimate®
$--/sqft
$2,967 Estimated rent
Home value
$487,800
$444,000 - $537,000
$2,967/mo
Zestimate® history
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List your homeWhat's special
Spacious functional layout
Zillow last checked:
Listing updated:
Listed by:
McKenzie A LaBuda,
Signature Real Estate Alaska
Bought with:
Kerry Berry
Jack White Real Estate Mat Su
Source: AKMLS,MLS#: 26-1915
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Natural Gas
Appliances
- Laundry: Washer &/Or Dryer Hookup
Features
- Basement, Den &/Or Office, Family Room, Vaulted Ceiling(s)
- Flooring: Carpet, Luxury Vinyl, Vinyl
- Basement: Finished
- Has fireplace: Yes
- Fireplace features: Gas, Fire Pit
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,784
- Total interior livable area: 1,784 sqft
Property
Parking
- Total spaces: 2
- Parking features: Paved, Attached, No Carport
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Multi/Split,Side/Calif Split,Tri-Level
- Exterior features: Private Yard
- Fencing: Fenced
- Has view: Yes
- View description: Mountain(s)
- Waterfront features: None, Creek Access
Lot
- Size: 0.57 Acres
- Features: Landscaped, Corner Lot
- Topography: Level
Details
- Additional structures: Shed(s)
- Parcel number: 5530B03L013
- Zoning: UNZ
- Zoning description: Not Zoned-all MSB but Palmer/Wasilla/Houston
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Wood Siding
- Foundation: Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2004
Details
- Builder name: Hall Quality Homes
Utilities & green energy
- Sewer: Septic Tank
- Water: Shared Well
Community & neighborhood
Location
- Region: Palmer
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Sold | -- |
Source:  AKMLS #26-1915 Report a problem | ||
| 3/5/2026 | Pending sale | $505,000+1.2%$283/sqft |
Source: AKMLS #26-1915 Report a problem | ||
| 3/1/2026 | Listed for sale | $499,000+6.4%$280/sqft |
Source: AKMLS #26-1915 Report a problem | ||
| 12/8/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/9/2025 | Listed for sale | $469,000+87.7%$263/sqft |
Source: Owner Report a problem | ||
| 4/13/2011 | Sold | -- |
Source: AKMLS #10-13996 Report a problem | ||
| 10/14/2010 | Listing removed | $249,900$140/sqft |
Source: Dynamic Properties #10-12030 Report a problem | ||
| 9/18/2010 | Price change | $249,900-2%$140/sqft |
Source: Dynamic Properties #10-12030 Report a problem | ||
| 8/29/2010 | Listed for sale | $254,900+6.3%$143/sqft |
Source: Dynamic Properties #10-12030 Report a problem | ||
| 9/30/2009 | Sold | -- |
Source: AKMLS #09-2940 Report a problem | ||
| 8/8/2009 | Listed for sale | $239,900-5.2%$134/sqft |
Source: Re/Max of Eagle River #09-2940 Report a problem | ||
| 6/18/2009 | Listing removed | $253,000$142/sqft |
Source: Postlets #08-8934 Report a problem | ||
| 6/12/2009 | Listed for sale | $253,000$142/sqft |
Source: Postlets #08-8934 Report a problem | ||
| 9/29/2008 | Listing removed | $253,000$142/sqft |
Source: Homes & Land #08-8934 Report a problem | ||
| 7/25/2008 | Listed for sale | $253,000$142/sqft |
Source: Homes & Land #08-8934 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,975 +2.4% | $399,500 +5.4% |
| 2024 | $4,856 +6.6% | $379,100 +4.8% |
| 2023 | $4,554 -0.4% | $361,900 +9.9% |
| 2022 | $4,571 +3% | $329,300 +13.5% |
| 2021 | $4,440 +4.4% | $290,100 +7.6% |
| 2020 | $4,251 +2.6% | $269,700 +3.5% |
| 2019 | $4,142 +2.5% | $260,700 +2% |
| 2018 | $4,041 +13.2% | $255,600 -1.4% |
| 2017 | $3,570 | $259,200 -0.9% |
| 2016 | $3,570 | $261,500 +3.2% |
| 2015 | $3,570 | $253,500 +6.7% |
| 2014 | $3,570 | $237,500 +0.7% |
| 2013 | -- | $235,800 +3.8% |
| 2012 | -- | $227,200 -6.7% |
| 2011 | -- | $243,400 +6.2% |
| 2010 | -- | $229,200 -3.6% |
| 2009 | -- | $237,700 +3.4% |
| 2008 | -- | $229,900 |
| 2007 | -- | $229,900 +4.3% |
| 2006 | -- | $220,400 +15% |
| 2005 | -- | $191,700 |
Find assessor info on the county website
Neighborhood: South Lakes
Nearby schools
GreatSchools rating
- 7/10Pioneer Peak Elementary SchoolGrades: PK-5Distance: 1.8 mi
- 7/10Colony Middle SchoolGrades: PK-8Distance: 2.6 mi
- 8/10Colony High SchoolGrades: 9-12Distance: 2.8 mi
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$487,800
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$497,556
- Alaska
- Matanuska Susitna Borough
- Wasilla
- 99645
- South Lakes
- 242 S Megan Way
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Nearby neighborhoods
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