8931 W Margin Way, Wasilla, AK 99623 (MLS# 26-1575)
$419,000
Wasilla, AK 99623
MLS# 26-1575
2 beds | 2 baths | 640 sqft
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Property Description
6.41 acres on Blodgett Lake with a 700sf 1BR log cabin just 50 ft from the water with mountain views over the water. Gated ¼-mile drive leads past 2 shops totaling 1,600+ sf, 800sf 1BR apartment generating $1,500/mo. Separate utilities, multiple build sites, subdivision potential, and visible Parks HWY frontage. Privacy, income opportunity, equipment included, and lakefront in one rare property.
Details
Maps
Location Legal and School Info
Area: ML - Meadow Lakes
Street #: 8931
Directional: W
Street Name: Margin
Arterial: Way
Closest USPS Town: Wasilla
State: AK
Zip Code: 99623
Contract Info
Price-List: 419000
Date-Listing: 2026-02-18
Status: Active
Foreclosure/Bank Own: No
Property Info
Realtor.com Type: Residential - Single Family
Property Attached/Common Walls: No
Construction Status: Existing Structure
Beds: 2
Bathrooms Three Quarter: 1
Bathrooms Full: 1
Bathrooms Total: 2
SF-Res: 640
Year Built: 1965
Garage Spaces: 4
SF-Gar: 2500
Carport Spaces: 1
SF-Lot: 279220
Lot Area Source: Tax Authority
Acres: 6.41
Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Remarks and Directions
Directions: Traveling west on the Parks Highway, turn right onto Potter Drive, then an immediate right onto Margin Way, the third drive on the left.
Waterfront Details
Waterfront Name: Blodgett
Mortgage Info
EM Minimum Deposit: 4000
Property Features
Residential Type: Single Family Res
Roof Type: Unknown - BTV
Foundation Type: Unknown - BTV
Garage Type: Heated
Carport Type: Attached
Heating: Separate Meters
Sewer Type: Septic Tank
Water Source: Unknown-BTV
Features-Interior: Workshop
View Type: Lake; Mountains
Topography: Level
Wtrfrnt-Frontage: Lakefront
Wtrfrnt-Access Near: Lake
Listing Terms Financing: Cash; See Remarks
Supplements
The 1BR, 1BA log cabin was built in 1965 and measures approximately 47x15, for roughly 705 sf. Cabin windows were replaced approximately 6 years ago. Floating dock is included.
Two additional structures provide substantial utility and income potential. The green shop with gray metal siding offers a 22x36 shop space plus a 31x23 living area with a loft (approximately 800 sf), 14' ceilings. Wired for a generator; a 7,500-w generator is included in the sale. The gray shop is heated and measures approximately 44x20.
Cabin and green shop each have their own well and septic. All buildings have recently had their metal roofs replaced. Additional equipment (operable plow truck, snowmachine, atv, trailers, snowblower, chainsaws etc.) and containers may be included on a separate bill of sale.
This is not a cookie-cutter property. The existing structures are functional but unconventional, and buyers should anticipate that financing may require creativity. Cash, rehab, or portfolio lending may be best suited. No owner finance. Property is being sold as-is.
Listing Office: Alaska Realty & Investments
Last Updated: February - 24 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.