Beautiful 48X60 Hangar-home with 20' ceilings and 50' wide bi-fold door attached to an updated 3 bedroom, 3 bath home w/in-floor heat. Located on 5 acres with 230' of shoreline on Upper Wasiila Lake w/dock & gravel launch ramp, plus a 1000' grass airstrip. Easy paved road, floatplane or Super Cub access with spectacular Talkeetna mtns view, conveniently close to shopping, schools and recreation.3151 E Cottle Loop 1/4 mile off the Palmer-Wasilla Highway near Seward Meridian Parkway. There is a gravel driveway the full length of the property providing easy access to the lake and the 5' x 20' dock and gravel launch ramp. The entrance has an 8' wrought iron electric security gate. The South and East property line is fenced with a 8' cedar fence with steel posts. The West has an 8' privacy berm making the property secure and private. The 1000' grass airstrip has been in operation for over 30 years and is suitable for Super Cubs, helicopters and other light aircraft. This beautiful facility is in the Matanuska-Susitna Borough, just outside of the city limits of Wasilla and is zoned "open". This property lies within 2 miles of Lowe's, Home Depot, Super Walmart and Fred Myers. Mat-Su Regional Hospital is 5 miles away. The central location makes it one of the most convenient lakefront properties in the Valley. Technical Data: The aircraft/boat launch as well as the dock are permitted by the Alaska Department of Fish and Game. An aviation use permit is on file with the Matanuska-Susitna Borough. The hangar and house are built with a footing and concrete slab on grade. The concrete has Dow Blueboard and other insulation beneath. All exterior walls are 2x6 construction with R-19 insulation. All interior walls are filled with R-13 for sound proofing. All wallboard is 5/8 inch thick with a double layer between the hangar and house for fire protection. The hangar has two 3' man doors, one in front and one to the rear with a concrete porch. The roofs are insulated with R-21 and the hangar has additional blown-in cellulose insulation. The entire building is sided with BHP steel siding and roofing. Ice and water shield have recently been added to the house roof. The 12 hanger light fixtures each contain 6, 4' fluorescent tubes. A Wiel-McClain GV gas boiler supplies heating and hot water. The residence and hanger have in-floor hydronic heat. 200 amp service is located on a remote electrical pedestal. Additional electrical needs can be accommodated from a nearby transformer. The water well was 8 GPM when tested. The submersible water pump has recently been replaced. The septic system is 1000 gallons and located over 100' from the well as required for commercial use. The water system has an Alaska Pure Water Inc. water filtration and water softener system. A 40' shipping container is included with the property as well as a 12X8 tool shed. The 8' wrought iron gate was built by Wasilla Fence and includes an electric Chamberlain sliding gate opener. The House Includes: The great room has a free standing Lopi Patriot wood burning stove and tongue and groove pine plank ceiling. The galley style kitchen includes a Bosch dishwasher, Viking four burner gas range, and Whirlpool refrigerator/ice maker. The kitchen has black granite tile countertops, custom oak kitchen cabinets, a pantry and solid oak floor. All bathroom showers have custom made concrete pans. The walls and floors are a mixture of marble and tile. No fiberglass! The house entry way floor is 12" Italian ceramic tiles and the remainder of the first level is new Cortex LVP with new white baseboard trim. The staircase is 4'8" wide with solid oak planks. The staircase has stair and sconce lighting with windows. The primary bedroom is heated with a Napolean gas free-standing stove controlled via thermostat. The bedroom has Berber carpeting, custom windows, a ceiling fan/light and storage space. The primary bath consists of a marble 3'X5' shower with a glass door. Custom lighting and fixtures abound. A walk-in closet is located off the bathroom. The house and hanger are equipped with an alarm system. Upper Wasilla Lake Seaplane Base (3K9) on the Anchorage sectional chart is one mile in length. Neither Upper Wasilla lake nor Lower Wasilla lake has a public boat launch. The lakes are private and Upper Wasilla lake is an excellent lake for floatplane operations. Some Potential Uses Include: The property has potential for various commercial developments. The house can be converted to a business operation such as an air taxi or flight school, retail or destination-based business. The property is suitable for aircraft storage and float plane mooring for a fishing/hunting lodge home base operation. The hanger has a 20' ceiling and a 50' wide Schweiss bi-fold door with an 18' wedge. The hanger will accommodate the storage of a De Haviland Beaver on floats , a Cessna 206 on floats and additional space for another aircraft or two. Other uses could include a floatplane flight school, an RV park or RV storage facility, floatplane fuel concession, or even a lakeside wedding destination.