1 / 50$1,150,000
16528 Kings Way Drive
Anchorage AK 99516
Alaska Statewide Realty Co
8
Bedrooms
9
Bathrooms
7,316
Sq Ft
2002
Year Built
MLS# 26-1101· Listed Feb 5, 2026
Live MLS feedAbout 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.
Documents & insights
26 documents from current & prior listings · parcel #0205610700001.
Summary of 26 documents from this property's current and prior listings. 22 items worth reviewing, plus 52 additional facts captured.
What the seller reported about utilities
Electric is provided by Chugach with costs ranging $150-450. Gas is provided by ENSTAR with costs ranging $300-700. Refuse is $150 quarterly via Anchorage Refuse. Sewer is $500 annual via Anchorage Tank Septic. Water is from a private well described as 'Best well water!' and wood is listed as 'personal choice clean out talk'.
Source: Seller's Disclosure · Current listing
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
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Auto Garage Door Opener(s)View source — Seller's Disclosure
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Documents on this listing
Documents from prior listings(21) · sign in to open
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Disclosure timeline
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Property Details
Heating
Sewer
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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: Drew P Jones · Alaska Statewide Realty Co
© 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
$6,886/mo
$1,035,000 loan · 30yr · 7.0%
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