16528 Kings Way DR, Anchorage, AK 99516
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16528 Kings Way DR, Anchorage, AK 99516
16528 Kings Way DR, Anchorage, AK 99516
16528 Kings Way DR, Anchorage, AK 99516
16528 Kings Way DR, Anchorage, AK 99516
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$ 1,150,000
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16528 Kings Way DR Anchorage, AK 99516

8 Beds

9 Baths

7,316 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,316 sqft

Price per Sqft $157

MLS Listing ID 26-1101

Bedrooms 8

Full Baths 9

Construction Status Existing Structure

Year Built 2002

Annual Tax Amount $15,150

Lot Size 13.572 Acres

Acres 13.0

Source Alaska Multiple Listing Service

Property Description

Purpose-built residence that functions as a small multifamily while retaining single-family zoning. Multiple private suites with ensuite baths and decks allow flexibility for owner-occupants, guests, or rentals. Radiant heat, durable metal roof and siding, strong well water, and thoughtful separation support B&B, retreat, or income-producing use. This Bear Valley property was intentionally designed for flexibility, privacy, and shared livingmaking it uniquely well suited for owner-operators, multi-generational households, or small-scale hospitality use.

Set on 13.57 acres with over 7,500 square feet, the eight-bedroom, nine-bath layout offers multiple private suites, many with ensuite baths and decks or patios, allowing occupants to live independently while remaining part of a cohesive property. The top floor functions as a penthouse-style owner's retreat, while the rest of the home was thoughtfully built to support guests, renters, or extended family.

Radiant-floor heat, durable concrete floors, metal siding, and a metal roof support four-season use with low-maintenance practicality. Separate access points, strong well water, and a three-car heated garage with RV parking further enhance usability. The pond and Little Rabbit Creek add a sense of calm and separation rarely found in income-capable properties this close to Anchorage.

Designed with B&B and retreat potential in mind, each bedroom was given "something" unique so no space feels secondary. Bear Valley's single-entry setting provides privacy and a true neighborhood feel, while still offering a 20-25 minute drive to the airport, midtown, and downtown Anchorage.

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

Parking Features Attached

Garage Spaces 3.0

Garage Description 3.0

Waterfront Description Pond,Creek

Water Access Desc Well

View City Lights, Inlet, Mountains

Building

Foundation Block, Slab

Lot Size Range 13.0

Sewer Septic Tank

Water Well

New Construction No

Construction Status Existing Structure

Schools

Elementary Schools Bear Valley

Middle Schools Goldenview

High Schools South Anchorage

Others

Tax ID 0205610700001

Acceptable Financing Cash, Conventional, Owner Finance, VA Loan

Listing Terms Cash, Conventional, Owner Finance, VA Loan


Alaska MLS
Listed by Alaska Statewide Realty Co

NEARBY SCHOOL & BUSINESS

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MMRE, LLC
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16528 Kings Way DR