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16528 Kings Way Drive

Anchorage, AK 99516
  • $1,150,000
  • STATUS: Active
  • ON SITE: 68 Days
  • MLS #: 26-1101
UPDATED: 30 min ago
$1,150,000
  • 8
    BEDS
  • 13.57
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 7,316
    SQFT
  • $157
    $/SQFT
Type:
Multi-Family
Built:
2002

School Information

Elementary School:
Middle School:
High School:

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.

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Alaska MLS logo DISCLAIMER: 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 Team Dimmick | Keller Williams Realty Alaska Group are marked with either the listing brokerage's logo or 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. Listing information was last updated on: 2026-04-20T20:36:36.68.

www.teamdimmick.com/homes/172920648
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16528 Kings Way Drive Anchorage, AK 99516

  • Price: $1,150,000
  • Status: Active
  • On Site: 68 Days
  • Updated: 30 min ago
  • MLS #: 26-1101
8
Beds
9
Baths
0
½ Baths
13.57
Acres
7,316
SQFT
$157
$/SQFT
2002
Built
Neighborhood:
Dearmoun Rd - Potter Marsh
Area:
Dearmoun Rd - Potter Marsh
Elementary School:
Bear Valley
Middle School:
Goldenview
High School:
South Anchorage
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.
Exterior Features

Attached Garage YN Yes Carport Spaces 0 Foundation Details BlockSlab Garage Type Attached Yes Open Parking Spaces 3 Parking Features Attached Roof []

Interior Features

Flooring [] Heating Natural Gas Yes Heating Radiant Floor Yes Living Area 7316

Property Features

Construction Materials [] Foreclosure Bank Own No Frontage Type PondCreek Listing Terms Financing Cash Yes Listing Terms Financing Conventional Yes Listing Terms Financing Owner Finance Yes Listing Terms VALoan Yes Lot Features [] MLSArea Major 1A - Anchorage Municipality Multi Family Type Upand Down Yes New Construction YN No Other Structures [] Property Info Construction Status Existing Structure Property Info Prkg Spcs 3 Road Surface Type [] Security Features [] Sewer Septic Tank View City LightsInletMountains Waterfront YN Yes Zoning R10 - Residential Alpine/Slope

Alaska MLS logo Listing Office Alaska Statewide Realty Co: 907-300-6802. Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved.
Alaska MLS logo DISCLAIMER: 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 Team Dimmick | Keller Williams Realty Alaska Group are marked with either the listing brokerage's logo or 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. Listing information was last updated on: 2026-04-20T20:36:36.68.

 
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Team Dimmick | Keller Williams Realty Alaska Group
1400 W Benson Blvd Suite 370
Anchorage AK, 99503