$1,150,000
16528 Kings Way Drive
Anchorage, AK 99516
MLS# 26-1100
8 beds  |  9 baths  |  7316 sqft


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Property Description
Custom-built Bear Valley mountain lodge on 13.57 acres, designed from raw land to frame mountains, water, and Alaska's light. Penthouse-style great room, floating decks, radiant concrete floors, and artisan details throughout. Wildlife, northern lights, and total privacy feel worlds away, yet just 20-25 minutes from Anchorage.

Details
Maps
Documents
Location, Legal, and School Info
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1A - Anchorage Municipality
Grid # (Muni Anch): SW3341
Tax Map #-Mat-Su: N/A
Tax ID: 0205610700001
Taxes (Estimated): 15150
Tax Year: 2024
School-Elementary: Bear Valley
School-Middle: Goldenview
School-High: South Anchorage
Legal: Cinerama Terrace TrC
Contract Info
Foreclosure/Bank Own: No
Price-List: 1150000
Date-Listing: 2026-02-05
Status: Active
Property Info
Realtor.com Type: Residential - Single Family
Construction Status: Existing Structure
Property Attached/Common Walls: No
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 9
Bathrooms Total: 9
Acres: 13.57
SF-Lot: 591196
Lot Area Source: Tax Authority
Zoning: R10 - Residential Alpine/Slope
Garage Spaces: 3
Carport Spaces: 0
Beds: 8
SF-Res: 7316
Year Built: 2002
Remarks and Directions
Directions: From Downtown Anchorage: Follow AK-1 S to Old Seward Hwy. Take the Old Seward Hwy exit from AK-1 S 9.1 mi Take Rabbit Creek Rd and Clarks Rd to your destination on Right 5.7 mi
Residential Type
B & B Potential: 1
Single Family Res: 1
To Show
ShowingTime: 1
Listing Terms Financing
1031 Exchange: 1
AHFC: 1
Cash: 1
Conventional: 1
Owner Finance: 1
VA Loan: 1
Exterior Finish
Metal: 1
Heating
Natural Gas: 1
Radiant Floor: 1
Topography
Gently Rolling: 1
Level: 1
Sloping: 1
Roof Type
Metal: 1
Foundation Type
Block: 1
Slab: 1
View Type
City Lights: 1
Inlet: 1
Mountains: 1
Unobstructed: 1
Wtrfrnt-Access Near
None: 1
Garage Type
Attached: 1
Wtrfrnt-Frontage
Creek: 1
Pond: 1
Carport Type
None: 1
Waterfront Details
Waterfront Name: Little Rabbit Creek
Floor Style
Multi-Level: 1
Features-Interior
Basement: 1
BR/BA on Main Level: 1
BR/BA Primary on Main Level: 1
In-Law Floorplan: 1
Features-Additional
Deck/Patio: 1
Horse Property: 1
In City Limits: 1
RV Parking: 1
Storage: 1
View: 1
Water Source
Well: 1
Access Type
Paved: 1
Mortgage Info
EM Minimum Deposit: 11500
Sewer Type
Septic Tank: 1
Docs Avl for Review
As-Built: 1
Docs Posted on MLS: 1
Location Legal and School Info
Area: 25 - Dearmoun Rd - Potter Marsh
Street #: 16528
Street Name: Kings Way
Arterial: Drive
Closest USPS Town: Anchorage
State: AK
Zip Code: 99516
Property Features
Residential Type: B & B Potential; Single Family Res
Exterior Finish: Metal
Roof Type: Metal
Foundation Type: Block; Slab
Floor Style: Multi-Level
Garage Type: Attached
Carport Type: None
Heating: Natural Gas; Radiant Floor
Sewer Type: Septic Tank
Water Source: Well
Features-Interior: Basement; BR/BA on Main Level; BR/BA Primary on Main Level; In-Law Floorplan
Features-Additional: Deck/Patio; Horse Property; In City Limits; Storage; View; RV Parking
Access Type: Paved
View Type: City Lights; Inlet; Mountains; Unobstructed
Topography: Gently Rolling; Level; Sloping
Wtrfrnt-Frontage: Creek; Pond
Wtrfrnt-Access Near: None
To Show: ShowingTime
Listing Terms Financing: 1031 Exchange; AHFC; Cash; Conventional; Owner Finance; VA Loan
Docs Avl for Review: As-Built; Docs Posted on MLS
Supplements
Every arrival feels like coming home to your own mountain lodge, where the first things you notice are the silence, the sky, and the sweep of mountains, city lights, and water stretching out in front of you. Perched in Bear Valley on 13.57 acres and boasting over 7,500 square feet, this eight-bedroom, nine-bath home was not just builtit was imagined from raw land and designed to frame everything that makes Alaska feel magical: the mountains, the water, the valley, the animals, the light. From the beginning, the owner/builder chose this spot because it was one of the rare parcels where you can see both the mountains and the water at once. The vision extended to the transformation of a wet, low downhill from the house into the tranquil pond and creek frontage that now define the property. Life here is a front-row seat to wild Alaska: Imagine September evenings with a dozen moose calling to each other in the brush, the occasional bear ambling through the driveway, and a lynx stepping lightly across the little bridge by the pond, and locking eyes with you from just a few feet away. On winter nights, the northern lights can feel so close on the upper deck that they seem to rest in the palm of your hand, while a full moon hangs over the back valley outside the primary suite's floating deck. Summer sunsets pour through thoughtfully placed glass blocks, so that even from interior rooms you catch the glow and know that it's time to step out and watch the sky turn pink over Cook Inlet. Inside, the top floor has the possibilities of a true penthouse retreat: a big, light-filled Great Room opening to decks and a "hideaway" bedroom designed as an owner's sanctuary, with the rest of the house intentionally built for communityfamily, guests, or travelers. Radiant-floor heat, multi-level floating decks, and small "Juliet" balconies make everyday living feel easy and connected; you can step out to greet arriving guests from above, wave hello while they unload, and still enjoy your own quiet until you're ready to come down. Designed with B&B potential, with 6(??) bedrooms with ensuite baths, private decks or patios for every bedroom, and flexible shared spaces throughout, the property easily becomes a boutique lodge, high-end Airbnb, retreat center, or multi-generational estateeach bedroom was given "something" special and unique in its design and access, so no one feels left out. The home was designed with future upgrade potential in mind: with rock-solid bones and high-end practical features (in-floor heat, metal siding and roof, etc), continued aesthetic improvement to the interior and grounds could create a unified luxury custom home. The three-car heated garage, RV parking, and durable concrete, metal siding, and metal roof support serious four-season living, with Little Rabbit Creek and a pond as your constant soundtrack. Bear Valley itself feels like a small, exclusive mountain community with a single entrance, no commercial strip, and neighbors who think of themselves as living in their own little mountain townyet you're still within very easy reach of the city, with a reasonable 20-25 minute drive to the airport, midtown, or downtown. Beyond what's already built, there is a sense of unfinished possibility in the land: imagine a loop trail for walking or cross-country skiing, tucked-away gathering spots by the rushing creek, maybe even a partially sunken, domed greenhouse that uses diverted water to keep a lush interior space alive year-round. Whether you're dreaming of an income-producing property, a base for big family holidays, a boutique B&B, or simply a place where you feel proud every time you walk through the door, this home offers not just rooms and acreage, but a whole landscape of experiences waiting to be lived.

IDX
Listing Office: Alaska Statewide Realty Co

Last Updated: February - 11 - 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.