16528 Kings Way DR Anchorage, AK 99516
7,316 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,316 sqft
Price per Sqft $157
MLS Listing ID 26-1102
Construction Status Existing Structure
Year Built 2002
Annual Tax Amount $15,150
Lot Size 13.570 Acres
Acres 13.0
Source Alaska Multiple Listing Service
Property Description
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. 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.
Location
State AK
Area 25 - Dearmoun Rd - Potter Marsh
Zoning R10 - Residential Alpine/Slope
Direction 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
Interior
Heating Natural Gas, Radiant Floor
Exterior
Water Access Desc Well
Roof Type Metal
Building
Foundation Block, Slab
Lot Size Range 13.0
Sewer Septic Tank
Water Well
New Construction No
Construction Status Existing Structure
Others
Tax ID 0205610700001
Acceptable Financing Cash, Conventional, Owner Finance, VA Loan
Listing Terms Cash, Conventional, Owner Finance, VA Loan
NEARBY SCHOOL & BUSINESS
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