16528 Kings Way Drive
Anchorage, AK 99516
8
Bed
9
Bath
7,316Sqft
13Acres(Lot)
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 p
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Total Baths: 9 Full Baths: 9 -
Heating & Cooling
Has Heating: Yes Heating: Radiant Floor, Natural Gas
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Building Information
Year Built: 2002 Building Area Total: 7316 Private Pool: No Water front Features: Creek, Pond View: City Lights, Inlet, Mountain(s)
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Lot Information
Main Square Feet: 13 Acres Lot Size Acres: 13.57 Lot Size Square Feet: 591196 Lot Description: Waterfront
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Listing Price Information
Listing Price: $1150000 Cash, Conventional, VA Loan
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Tax Information
Parcel Number: 0205610700001 Tax Year: 2024 Annual Tax: $15150 Tax Legal Desc: Cinerama Terrace Tr C
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Parking Information
AttachedGarage Information
Has Garage: Yes Has Attached Garage: Yes Garage Space: 3
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School Information
Elementary School: Bear ValleyJunior High School: GoldenviewSenior High School: South Anchorage -
Location Information
Direction: From Downtown Anchorage: Follow AK-1 S to Old Seward Hwy. Take the Old Seward Hwy exit from AK-1 S 9.1 mi Take Rabbit Creek Rd and Clarks Rd to your destination on Right 5.7 mi WaterSource: Well
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| L6 B2 Southpointe Ridge.., Anchorage, AK, 99516 | $270,000 | -- | -- | -- | |
| 11000 Elmore Road, Anchorage, AK, 99516 | $748,000 | 4 | 3 | -- | |
| 4401 Trapline Drive, Anchorage, AK, 99516 | $865,000 | 4 | 4 | -- | |
| 5646 Heritage Heights D.., Anchorage, AK, 99516 | $2,200,000 | 5 | 5 | -- | |
| 7150 Rabbit Creek Road, Anchorage, AK, 99516 | $875,000 | 4 | 3 | -- | |
| 2640 E 112th Avenue, Anchorage, AK, 99516 | $1,250,000 | 8 | 7 | -- | |
| 2400 Brook Hill Circle, Anchorage, AK, 99516 | $589,900 | 3 | 3 | -- | |
| 2548 Brook Hill Circle, Anchorage, AK, 99516 | $699,900 | 4 | 3 | -- | |
| 14351 Equestrian Circle, Anchorage, AK, 99516 | $1,275,000 | 4 | 3 | -- | |
| 14520 Rockingham Circle, Anchorage, AK, 99516 | $1,265,000 | 4 | 4 | -- |
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ByOwner last updated this listing 06/16/2026 @ 05:30
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