16528 Kings Way Drive,Anchorage, AK 99516
Anchorage, AK 99516
Description
Custom-built Bear Valley mountain lodge on 13.57 acres, designed from raw land to frame mountains, water, and Alaska's light. Penthouse-style great room, floating decks, radiant concrete floors, and artisan details throughout. Wildlife, northern lights, and total privacy feel worlds away, yet just 20-25 minutes from Anchorage.Adjacent 3-acre parcel available separately for $150,000. Every arrival feels like coming home to your own mountain lodge, where the first things you notice are the silence, the sky, and the sweep of mountains, city lights, and water stretching out in front of you. Perched in Bear Valley on 13.57 acres and boasting over 7,500 square feet, this eight-bedroom, nine-bath home was not just builtit was imagined from raw land and designed to frame everything that makes Alaska feel magical: the mountains, the water, the valley, the animals, the light. From the beginning, the owner/builder chose this spot because it was one of the rare parcels where you can see both the mountains and the water at once. The vision extended to the transformation of a wet, low downhill from the house into the tranquil pond and creek frontage that now define the property. Life here is a front-row seat to wild Alaska: Imagine September evenings with a dozen moose calling to each other in the brush, the occasional bear ambling through the driveway, and a lynx stepping lightly across the little bridge by the pond, and locking eyes with you from just a few feet away. On winter nights, the northern lights can feel so close on the upper deck that they seem to rest in the palm of your hand, while a full moon hangs over the back valley outside the primary suite's floating deck. Summer sunsets pour through thoughtfully placed glass blocks, so that even from interior rooms you catch the glow and know that it's time to step out and watch the sky turn pink over Cook Inlet. Inside, the top floor has the possibilities of a true penthouse retreat: a big, light-filled Great Room opening to decks and a "hideaway" bedroom designed as an owner's sanctuary, with the rest of the house intentionally built for communityfamily, guests, or travelers. Radiant-floor heat, multi-level floating decks, and small "Juliet" balconies make everyday living feel easy and connected; you can step out to greet arriving guests from above, wave hello while they unload, and still enjoy your own quiet until you're ready to come down. Designed with B&B potential, with 6(??) bedrooms with ensuite baths, private decks or patios for every bedroom, and flexible shared spaces throughout, the property easily becomes a boutique lodge, high-end Airbnb, retreat center, or multi-generational estateeach bedroom was given "something" special and unique in its design and access, so no one feels left out. The home was designed with future upgrade potential in mind: with rock-solid bones and high-end practical features (in-floor heat, metal siding and roof, etc), continued aesthetic improvement to the interior and grounds could create a unified luxury custom home. The three-car heated garage, RV parking, and durable concrete, metal siding, and metal roof support serious four-season living, with Little Rabbit Creek and a pond as your constant soundtrack. Bear Valley itself feels like a small, exclusive mountain community with a single entrance, no commercial strip, and neighbors who think of themselves as living in their own little mountain townyet you're still within very easy reach of the city, with a reasonable 20-25 minute drive to the airport, midtown, or downtown. Beyond what's already built, there is a sense of unfinished possibility in the land: imagine a loop trail for walking or cross-country skiing, tucked-away gathering spots by the rushing creek, maybe even a partially sunken, domed greenhouse that uses diverted water to keep a lush interior space alive year-round. Whether you're dreaming of an income-producing property, a base for big family holidays, a boutique B&B, or simply a place where you feel proud every time you walk through the door, this home offers not just rooms and acreage, but a whole landscape of experiences waiting to be lived.
Details
| MLS # | 26-1100 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2002 |
| Days On Site | 197 |
| Listing Provided By | Alaska Statewide Realty Co | Drew P Jones |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 9 Total |
| SQ Feet | 7,316 |
| Garage | 3 |
| Basement | Y |
| Zoning | R10 - Residential Alpine/Slope |
| Acreage | 13.57 |
| Water Front | Yes |
| Property View | City Lights, Inlet, Mountain(s), |
Interior
| Rooms Total | 0 |
|---|---|
| Heating | Radiant Floor, Natural Gas |
| Heating Yes / No | Yes |
| Interior Features | Basement, In-Law Floorplan, BR/BA on Main Level, BR/BA Primary on Main Level |
Exterior
| Roof | Metal |
|---|---|
| Exterior Features | Horse Property, RV Parking, View, Storage, In City Limits |
| Lot Features | Gently Rolling, Level, Gentle Sloping |
| Foundation Details | Block, Slab |
| Patio And Porch Features | Deck |
| Exterior Sp Finish Co Exterior Sp Finish | Metal |
| Architectural Style | Split Level |
Parking
| Parking Features | Attached |
|---|---|
| Carport Sp Type Co Carport Sp Type | None |
Utilities
| Sewer | Septic Tank |
|---|
Location
| Road Surface Type | Paved |
|---|---|
| Waterfront Features | Creek, Pond |
| Wtrfrnt Hyphen Access Sp Near Co Wtrfrnt Hyphen Access Sp Near | None |
| Wtrfrnt Hyphen Frontage Co Wtrfrnt Hyphen Frontage | Creek, Pond |
Taxes
| Tax Annual Amount | 15150 |
|---|---|
| Tax Year | 2024 |
| Tax Map Number | N/A |
| Tax Legal Description | Cinerama Terrace Tr C |
Area Information
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99516 |
| Area | 1A Anchorage Municipality |
| Subarea | Dearmoun Rd Potter Marsh |
| School District | South Anchorage |
| Elementary School | Bear Valley |
| High School | South Anchorage |
| Listing VS Median (in 99516) | |
Price: $1,150,000 low | high Med: $846,500 sqft: 7,316 low | high Med: 3,488 $ / sqft: $157 low | high Med: $244 On site: 197 low | high Med: 29.5 | |
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Learn More About This Property
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99516 |
| Area | 1A Anchorage Municipality |
| Subarea | Dearmoun Rd Potter Marsh |
| School District | South Anchorage |
| Elementary School | Bear Valley |
| High School | South Anchorage |
| Listing VS Median (in 99516) | |
Price: $1,150,000 low | high Med: $846,500 sqft: 7,316 low | high Med: 3,488 $ / sqft: $157 low | high Med: $244 On site: 197 low | high Med: 29.5 | |
 | $1,150,00016528 Kings Way DriveAnchorage, AK 99516 |
 | $1,150,00016528 Kings Way DriveAnchorage, AK 99516 |