For sale

$140,000

48949 S Rainbow Ridge Dr, Wasilla, AK 99623

1beds

0baths

280sqft

$1,014/mo

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Single Family Residence

Built in 2008

1.53 Acres Lot

$134,400 Zestimate^®

$500/sqft

$-- HOA

What's special

Fully furnishedKnotty pine vaulted ceilingsFire pitPlenty of storageCovered porchBeautifully maintained landscapingPristine gravel driveway

This isn't just a cabin--it's the perfect Alaskan tiny home and hideaway! Beautifully built and incredibly well maintained, with gorgeous knotty pine vaulted ceilings and a setting directly across from Upper Caswell Lake. Fully furnished and ready to enjoy, with a well, outhouse, plenty of storage, great insulation, fire pit, covered porch, pristine gravel driveway, and beautifully maintainedlandscaping, with extraordinary fern garden! The seller has absolutely loved this special little place, and it shows in how thoughtfully it has been cared for. Everything you need for a cozy weekend getaway, recreational retreat, or simple Alaskan living--all you have to do is show up and enjoy.

42 days
671
46

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 0

Heating

Space Heater

Features

Ceiling Fan(s), Solid Surface Counter, Vaulted Ceiling(s)
Flooring: See Remarks, Vinyl
Windows: Window Coverings
Has basement: No
Has fireplace: Yes
Fireplace features: Fire Pit
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 280
Total interior livable area: 280 sqft

Property

Parking

Parking features: Circular Driveway, RV Access/Parking, No Garage, No Carport
Has uncovered spaces: Yes

Features

Patio & porch: Deck/Patio
Exterior features: Private Yard
Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake
Waterfront features: Unknown-BTV, Lake Privileges
Body of water: Caswell Lakes

Lot

Size: 1.53 Acres
Features: Landscaped, Road Service Area, Views
Topography: Level

Details

Additional structures: Outhouse
Parcel number: 6070000L0714
Zoning: UNZ
Zoning description: Not Zoned-all MSB but Palmer/Wasilla/Houston

Construction

Type & style

Home type: SingleFamily
Architectural style: Cabin
Property subtype: Single Family Residence

Materials

Other, See Remarks, Wood Siding
Foundation: Pillar/Post/Pier
Roof: Metal

Condition

New construction: No
Year built: 2008
Major remodel year: 2025

Utilities & green energy

Sewer: None
Water: Private, Well
Utilities for property: Electric

Community & HOA

Location

Region: Wasilla

Financial & listing details

Price per square foot: $500/sqft
Tax assessed value: $29,400
Annual tax amount: $456
Date on market: 8/19/2026

Estimated market value

$134,400

$128,000 - $141,000

$1,124/mo

Price history

Date	Event	Price
8/19/2026	Listed for sale	$140,000+3.7%$500/sqft
Source: AKMLS #26-10610 Report a problem
8/14/2026	Listing removed	$135,000$482/sqft
Source: AKMLS #26-7759 Report a problem
6/26/2026	Listed for sale	$135,000$482/sqft
Source: AKMLS #26-7759 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$456 -4.6%	$29,400 +1%
2024	$477 +6.5%	$29,100 +4.3%
2023	$448 -2.7%	$27,900 +0.4%
2022	$461 +1.3%	$27,800 +8.2%
2021	$454 -4%	$25,700 -1.5%
2020	$474 +1.6%	$26,100 +2.4%
2019	$466 -1.1%	$25,500 -1.5%
2018	$471 -0.3%	$25,900 -1.5%
2017	$472	$26,300 -0.8%
2016	$472	$26,500 -1.5%
2015	$472	$26,900 -1.5%
2014	$472	$27,300 +0.7%
2013	--	$27,100 +13.9%
2012	--	$23,800 +2.6%
2011	--	$23,200
2010	--	$23,200 +321.8%
2006	--	$5,500 +3.8%
2005	--	$5,300 -69.5%
2004	--	$17,400 +6.1%
2003	--	$16,400 -3.5%
2002	--	$17,000 +2.4%
2001	--	$16,600 +564%
2000	--	$2,500