$1,150,000
16528 Kings Way Drive, Anchorage, AK 99516
- MLS#: 26-1101
- Status: Active
- Days on Market: 125
- Beds: 8
- Baths: 9
- 7,316 sq.ft.
- Year Built: 2002
- 13 acres
- Garage/Carport: 3 / 0
Property Details
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.
More Details
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- Multi-Family
- 591,196 sq.ft.
- Natural Gas, Radiant Floor
- Well
- Septic Tank
- City Lights, Inlet, Mountains
- Creek, Pond
- Creek, Pond
- Existing Structure
- 1A - Anchorage Municipality
- Bear Valley
- Goldenview
- South Anchorage
- 8
- 1
- 3
- No
- R10 - Residential Alpine/Slope
- 61.0702, -149.72
Listing Office
Alaska Statewide Realty Co