16528 Kings Way Drive, Anchorage, AK 99516

$1,150,000
Property Type: Commercial Sale Square Footage: 7,316 Lot Size (sq. ft.): 591,109 Status: Active
Current Price: $1,150,000 Last Modified: 4/23/2026

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.

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.

More Information MLS# 26-1102

Contract Info

Price-List: 1150000 Date-Listing: 2026-02-05 Status: Active Foreclosure/Bank Own: No

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 Info

Type of Property: Single Use Realtor.com Type: Commercial Construction Status: Existing Structure Building Status: Leased Acres: 13.57 SF-Lot: 591109.2 Lot Area Source: Tax Authority SF-Res: 7316 Zoning: R10 - Residential Alpine/Slope 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

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
Listing Office: Alaska Statewide Realty Co
Last Updated: April - 23 - 2026
16528 Kings Way Drive, Anchorage, AK 99516- MLS# 26-1102
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.