$1,150,000
16528 Kings Way Drive
Anchorage, AK 99516
MLS# 26-1102
7316 sqft


AVDP003
  1 / 124  
AVDP003 AVDP005 AVDP008 AVDP017 AVDP019 AVDP006 AVDP001 AVDP002 AVDP007 AVDP009 AVDP010 AVDP011 AVDP012 AVDP013 AVDP014 AVDP015 AVDP016 AVDP018 AVDP020 AVDP021 AVDP022 AVDP023 AVDP024 AVDP025 AVDP026 AVDP027 AVDP028 AVDP029 AVDP030 AVDP031 AVDP032 AVDP033 AVDP034 AVDP035 AVDP036 AVDP037 AVDP038 AVDP039 AVDP040 AVDP041 AVDP042 AVDP043 AVDP044 AVDP045 AVDP048 AVDP049 AVDP050 AVDP052 AVDP053 AVDP054 AVDP055 AVDP056 AVDP057 AVDP058 AVDP059 AVDP061 AVDP063 AVDP064 AVDP065 AVDP067 AVDP068 AVDP069 AVDP070 AVDP071 AVDP072 AVDP073 AVDP074 AVDP075 AVDP076 AVDP077 AVDP078 AVDP079 AVDP080 AVDP081 AVDP082 AVDP083 AVDP084 AVDP085 AVDP086 AVDP087 AVDP088 AVDP089 AVDP090 AVDP091 AVDP092 AVDP093 AVDP094 AVDP095 AVDP096 AVDP097 AVDP098 AVDP099 AVDP100 AVDP101 AVDP102 AVDP103 AVDP104 AVDP105 image0 image6 image7 image8 20250908163938220251000000-o 20250908164022155323000000-o 20250908163946655020000000-o 20250908164008007648000000-o 20250908163941408371000000-o 20250908164011501181000000-o 20250908182559919898000000-o 20250908163958005557000000-o 20250908182602200773000000-o AVDP004 AVDP005 AVDP008 AVDP009 AVDP012 AVDP013 AVDP016 AVDP017 AVDP020 AVDP021 AVDP022 AVDP024 AVDP025

Property Description
One-of-a-kind experiential property designed for vision-driven ownership. Eight-bedroom layout supports boutique lodge, retreat center, or creative live/work use. Penthouse great room, pond and creek frontage, multi-level decks, and expansion potential create a setting where architecture, landscape, and income opportunity converge in Bear Valley.

Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 1150000
Date-Listing: 2026-02-05
Status: Active
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1A - Anchorage Municipality
Grid # (Muni Anch): SW3341
Tax Map #-Mat-Su: N/A
Legal: Cinerama Terrace Tr C
Taxes (Estimated): 15150
Tax Year: 2024
Property Info
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Leased
Acres: 13.57
SF-Lot: 591109.2
Lot Area Source: Tax Authority
Zoning: R10 - Residential Alpine/Slope
Type of Property: Single Use
SF-Res: 7316
Year Built: 2002
Directions and Remarks
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
To Show
ShowingTime: 1
Listing Terms Financing
Cash: 1
Conventional: 1
Owner Finance: 1
VA Loan: 1
Exterior Finish
Metal: 1
Heating
Natural Gas: 1
Radiant Floor: 1
Roof Type
Metal: 1
Foundation
Block: 1
Slab: 1
Sewer
Septic Tank: 1
Water Source
Well: 1
Location Tax and Legal
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
Heating: Natural Gas; Radiant Floor
Exterior Finish: Metal
Foundation: Block; Slab
Roof Type: Metal
Sewer: Septic Tank
Water Source: Well
To Show: ShowingTime
Listing Terms Financing: Cash; Conventional; Owner Finance; VA Loan
Supplements
Imagined from raw land, this Bear Valley property was designed as a flexible, experience-driven asset rather than a conventional residence. With over 7,500 square feet on 13.57 acres, the eight-bedroom, nine-bath structure supports a wide range of potential uses, including boutique lodge, retreat center, live/work compound, or creative hospitality concept. The layout emphasizes separation, flow, and adaptability. A penthouse-style great room anchors the top floor, while multiple private suites with decks and patios allow for varied occupancy models. Radiant-floor heat, concrete construction elements, metal siding and roofing, and strong infrastructure provide a durable foundation for continued refinement or repositioning. The surrounding land adds meaningful long-term optionality. The owner transformed a previously wet downhill into a tranquil pond and creek frontage, creating a natural focal point for gatherings, trails, or future amenities. The balance of privacy, access, and proximity to Anchorage makes the property rare within the market. Bear Valley itself functions like a small mountain communityno commercial strip, a single entrance, and a setting that feels remote while remaining connected. For entrepreneurs or operators seeking a distinctive Alaska asset with presence, flexibility, and expansion potential, this property offers a compelling foundation.

IDX
Listing Office: Alaska Statewide Realty Co

Last Updated: February - 14 - 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.