16528 Kings Way Drive, Anchorage, AK 99516
Local realty services provided by:CENTURY 21 Realty Solutions
16528 Kings Way Drive,Anchorage, AK 99516
$1,150,000
- 8 Beds
- 9 Baths
- 7,316 sq. ft.
- Multi-family
- Active
Listed by: drew p jones
Office: alaska statewide realty co
MLS#:26-1101
Source:AK_AMLS
Price summary
- Price:$1,150,000
- Price per sq. ft.:$157.19
About this home
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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Home facts
- Year built:2002
- Listing ID #:26-1101
- Added:49 day(s) ago
- Updated:March 25, 2026 at 12:41 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:9
- Full bathrooms:9
- Living area:7,316 sq. ft.
Structure and exterior
- Year built:2002
- Building area:7,316 sq. ft.
- Lot area:13.57 Acres
- Foundation Description:Block, Slab
Schools
- High school:South Anchorage
- Middle school:Goldenview
- Elementary school:Bear Valley
Utilities
- Water:Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$157.19
- Tax amount:$15,150
Parking
- Parking description:Attached
- Garage:Yes
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