Commercial · Single Use · For Sale
16528 Kings Way Drive
Anchorage, AK 99516 · Anchorage
$1,150,000
| Price | $1,150,000 |
|---|---|
| Building SF | 7,316 SF |
| Lot Size | 13.57 acres (591,109 SF) |
| Zoning | R10 - Residential Alpine/Slope |
| Year Built | 2002 |
| APN | 0205610700001 |
| MLS # | 26-1102 |
Overview
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. 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.
Listing Office: Alaska Statewide Realty Co
AK MLSLast updated June 15, 2026
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