1 / 50$1,550,000
16528 King's Way Drive
Anchorage AK 99516
Mossy Oak Properties of Alaska - Wasilla
8
Bedrooms
9
Bathrooms
2002
Year Built
MLS# 23-4809· Listed May 9, 2023
Live MLS feedAbout This Home
Experience all Alaska has to offer from this stunning 7553sf home with gorgeous and expansive views of the mountains, city and Inlet. Feel remote yet only 20min drive to Anchorage. This special property boast a well-built home with 8 bedrooms, 9 bathrooms, 3 kitchens, w/ pond along Little Rabbit Creek, all on 16.57ac. Perfect SF, multi generation or Resort. Currently ran as AirBnb/Rental Investment - entrepreneur ready property, exclusive Bear Valley with 360 degree views of surrounding forest, mountains, Anchorage city lights, Cook Inlet, Sleeping Lady and distant mountain range. This One of a Kind property is perfect for an Airbnb, long term rentals, ski/snowboard base camp, artistic music workshop, influencer base, retreat or meditation holistic health resort. Designed for creative entrepreneurial family or working group who can earn with this property. Close to Anchorage amenities including medical and educational facilities. Nestled in a special valley wildlife corridor, Chugach State Park is the backyard, and Little Rabbit Creek runs along one side. Large pond where moose swim, wildlife corridor affords dwellers to witness a large variety of Alaska's animals. Two lots included in the sale totaling 16.5 acres with protected views from every deck in every direction. Three acre parcel protects views but could be developed for a creative, full view home. Four small floating view decks plus two large view different in every direction. Sunsets over Cook Inlet, visible the majority of the year, learn about the ever changing northern skies as you watch the sunset in a different location every day. Awesome 50' rock labyrinth is a mesmerizing view where unique weather patterns shift daily. Three floors, under garage dry storage, two custom mosaic murals in two bathrooms, two laundry rooms, marble tub surrounds in six bathrooms. 7-8 separate bedroom areas with bathrooms and decks. More room to grow and develop your ideas! Excellent opportunity to own this unique property that offers both tranquility and adventure with revenue potential. Enterprising multi-generational group could prosper!
Documents & insights
21 documents from current & prior listings · parcel #0205610700001.
Summary of 21 documents from this property's current and prior listings. 11 items worth reviewing, plus 41 additional facts captured.
What the seller reported about utilities
The seller reports electric costs of $150-450 monthly via Chugach and gas costs of $300-700 monthly via ENSTAR. Refuse is $150 quarterly via Anchorage Refuse. Sewer service is $500 annually via Anchorage Tank Septic. The seller notes that wood usage is a 'personal choice' and that they 'clean our trees'.
Source: State of AK Disclosure · Prior listing — Canceled Aug 2025
Reflects the prior owner's usage and providers. Your costs may vary.
A sample of what's in the documents
Disclosure listed a known issue
The State of AK Disclosure notes this item as a known issue. Exact wording from the document is quoted below.
Auto Garage Door Opener(s)View source — State of AK Disclosure
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Documents from prior listings(21) · sign in to open
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Disclosure timeline
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Property Details
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Price & Status History
* Alaska is a non-disclosure state. Prices shown are listed asking prices, not recorded sale prices.
Listed by: Mossy Oak Properties of Alaska - Wasilla
© 2026 Alaska Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable but not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Dream Makers. Data last updated May 2026.
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Mortgage Estimate
$9,281/mo
$1,395,000 loan · 30yr · 7.0%
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