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For sale
  • Price cut: $10K (7/17)
    $915,000

    5298 S Katie Way, Wasilla, AK 99623

    3beds
    2,867sqft
    : 
    $5,808/mo
    Get pre-qualified
    Single Family Residence
    Built in 2000
    1.02 Acres Lot
    $890,500 Zestimate®
    $319/sqft
    $-- HOA

    What's special

    This is lakefront living the way you've always imagined it. Set on a peaceful lake where floatplanes are welcome but gas-powered boats are not, this property offers the rare combination of recreation, privacy, and tranquility.The charming A-frame design stands out with soaring tongue-and-groove ceilings, dramatic windows that flood the living space with southern sunlight, and stunning lake viewswith maple wood columns. In addition to the 3 bedrooms are multiple flex spaces that can be used as additional living space or office space. Outside, the property continues to impress. A brand-new 40x40 shop provides incredible space for projects, equipment, and toys. In addition to the massive shop and attached 3-car garage, a separate toy garage tucked beneath the home offers even more storage for all your Alaskan adventures. The lakefront has been thoughtfully improved with electricity run to the dock, professional landscaping, and a gravel driveway extending all the way to the water's edge. Numerous updates throughout the last eight years mean you can move in and immediately enjoy everything this property has to offer. Spend your summers kayaking, paddleboarding, fishing the trout-stocked lake, or flying in for the weekend. When winter arrives, step outside for ice skating and snow-filled adventures right from your own backyard. This property isn't just a home. It's a true Alaskan escape. Recent upgrades include: -Brand new 40x40 shop with Toyo stove, painted sheetrock insulation, and 300 gal tank -New carpet on stairs -River rock fireplace -New vinyl flooring -New light fixtures throughout -Pellet stove downstairs -Electric at dock -Gravel road to dock -Landscaping in backyard to include removal of trees, topsoil, dirt work -Updated bathroom with shower and new countertops -New toilets in all bathrooms -Kitchen: all new appliances, countertop, lazy susan, spice rack, pull out drawers, sink, plumbing
    45 days
    |
    215
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Allana Lumbard,

    Real Broker Wasilla

    Source: AKMLS,MLS#: 26-6738MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 1
      • 3/4 bathrooms: 2
      Heating
      • Fireplace(s), Baseboard, Oil, Radiant Floor
      Features
      • BR/BA on Main Level, Ceiling Fan(s), Family Room, Arctic Entry
      • Basement: Finished
      • Has fireplace: Yes
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 2,867
      • Total interior livable area: 2,867 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 7
      • Parking features: Garage Door Opener, RV Access/Parking, Attached, Detached, Heated Garage, Tuck Under, No Carport
      • Attached garage spaces: 7
      Features
      • Levels: Multi/Split,Two
      • Stories: 2
      • Patio & porch: Deck/Patio
      • Exterior features: Dock
      • Has view: Yes
      • View description: Lake
      • Has water view: Yes
      • Water view: Lake
      • Waterfront features: Waterfront, Lake Front, Lake Privileges
      • Body of water: Homestead Lake
      Lot
      • Size: 1.02 Acres
      • Features: Fire Service Area, Landscaped, Road Service Area
      Details
      • Parcel number: 5385B01L004A
      • Zoning: UNK
      • Zoning description: Unknown (re: all MSB)

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Chalet/A-Frame
      • Property subtype: Single Family Residence
      Materials
      • Frame, Wood Siding
      • Foundation: Concrete Perimeter
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2000
      • Major remodel year: 2026

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private, Well

      Community & HOA

      Location
      • Region: Wasilla

      Financial & listing details

      • Price per square foot: $319/sqft
      • Tax assessed value: $570,100
      • Annual tax amount: $4,004
      • Date on market: 6/8/2026
      • Road surface type: Gravel

        Estimated market value

        $890,500

        $846,000 - $935,000

        $3,593/mo

        Price history

        DateEventPrice
        7/17/2026Price change$915,000-1.1%$319/sqft
        Source: AKMLS #26-6738 Report a problem
        6/17/2026Listed for sale$925,000+120.8%$323/sqft
        Source: AKMLS #26-6738 Report a problem
        9/28/2018Sold--
        Source: AKMLS #18-10883 Report a problem
        8/1/2018Pending sale$419,000$146/sqft
        Source: Keller Williams Realty Alaska Group #18-10883 Report a problem
        7/16/2018Price change$419,000-2.3%$146/sqft
        Source: Keller Williams Realty Alaska Group #18-10883 Report a problem
        6/27/2018Listed for sale$429,000$150/sqft
        Source: Keller Williams Realty Alaska Group #18-10883 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,004 +3.4%$570,100 +104.3%
        2024$3,872 +9.1%$279,019 +4.1%
        2023$3,551 -2.9%$268,000 +1.4%
        2022$3,658 +17%$264,200 -37.8%
        2021$3,127 +18.1%$424,500 +9.5%
        2020$2,648 -54.8%$387,700 +4.1%
        2019$5,861 +152.2%$372,600 +1.7%
        2018$2,324 -53.5%$366,500 +2.4%
        2017$4,994 $358,000 -0.1%
        2016$4,994 $358,500 +3.9%
        2015$4,994 $345,200 -0.6%
        2014$4,994 $347,300 +1.6%
        2013-- $341,800 +22.3%
        2012-- $279,400 -0.3%
        2011-- $280,200 -3.4%
        2010-- $290,000 +3.2%
        2009-- $281,000 -5.4%
        2008-- $297,000
        2007-- $297,000 +113.4%
        2006-- $139,200 +28.8%
        2005-- $108,100 +20%
        2004-- $90,100
        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: 99623

        Getting around

        0 / 100
        Car-Dependent
        23 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Big Lake
        • Middle: Houston
        • High: Houston

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

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