$1,150,000
Anchorage, AK 99516
MLS# 26-1102
7316 sqft

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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.
Seller's Disclosure