9321 Snow Bear Drive, Anchorage, Alaska image 1
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9321 Snow Bear Drive

Anchorage, AK 99516
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$1,350,000 $5,691/Mo
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Bed 7

Bed

Bath 5

Bath

SqFt50,691

Sqft(Lot)

Exceptional fully remodeled 7-bedroom, 5-bath multi-unit Bear Valley Family Compound offering rare flexibility for investment, multigenerational living, owner occupancy, and established rental-income potential. MILLION DOLLAR VIEWS. $4,000 of rental income pays for approximately $625,000 of your mortgage (Buyer to Verify). See more... Set in Anchorage's desirable Upper Hillside, this distinctive property combines a peaceful,forested setting with expansive views across Cook Inlet, Ted Stevens Anchorage International Airport, and the Anchorage skyline. The elevated setting is ideal for those seeking a closer connection to nature without giving up access to Anchorage amenities. Surrounded by mature trees, mountain terrain, natural vegetation, and the ever-changing Alaska landscape, the prop erty offers a private, retreat-like atmosphere in every season. Hundreds of square feet of decks create exceptional outdoor living space for entertaining, morning coffee, sunset viewing, or simply enjoying the inlet, city lights, and dramatic Alaska skies. Nearby Bear Valley and Golden View trail access provides convenient opportunities for hiking, trail running, biking, skiing, snowshoeing, wildlife viewing, and exploring the Hillside. The property includes a main home, in-law suite, and ADU cabin, creating numerous possibilities for extended family, long-term rental income, short-term rental use, owner occupancy, or a combination of personal and investment use. The in-law suite and ADU cabin have documented long-term rental history of approximately $4,000 per month. The main residence has documented Airbnb and off-season rental income exceeding $70,000 annually, with combined documented income exceeding $10,000 per month for several years. The main home and ADU are offered furnished for move-in-ready living or turnkey rental use, including furnishings, dishes, flatware, linens, and household essentials. Three new or newer kitchens and five new or newer bathrooms provide outstanding flexibility for multiple households, guests, or tenants. Major improvements include a new roof, new exterior paint, new driveway, new septic system, new windows, and a new boiler, plus many additional updates throughout. A rare opportunity to own a renovated, furnished, income-producing Bear Valley property with flexible multi-unit living, documented rental history, extensive outdoor living space, nearby recreation, and panoramic Cook Inlet and Anchorage views. Buyer to independently verify all information, including square footage, rental history and income, expenses, furnishings to remain, zoning, permits, licensing, occupancy limits, utility availability, and permitted uses.

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Detail Ic Property Details

Property Type : Residential

Price : $1,350,000

AD Id : 91070304

MLS Id : 26-11584

Beds : 7

Lot Size : 50,691 Sqft

Tax Amount : 12510.00

Year Built : 1983

Garage : 2

County : Anchorage Municipality

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 5 Full Baths: 4

  • Roofing Information

    Asphalt, Composition, Shingle

  • Interior Features

    Roof: Asphalt, Composition, Shingle

  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Natural Gas

  • Building Information

    Year Built: 1983 Building Area Total: 4712 Construction Materials: Wood Siding, Frame Private Pool: No View: City Lights, Mountain(s), Ocean

  • Lot Information

    Main Square Feet: 50691 Square Feet Lot Size Acres: 1.16 Lot Size Square Feet: 50691 Lot Description: Sloped, Gentle Sloping

  • Listing Price Information

    Listing Price: $1350000 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 0204312100001 Tax Year: 2025 Annual Tax: $12510 Tax Legal Desc: Bear Valley L4 B4

  • Parking Information

    Attached, Heated Garage

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 2

  • School Information

    Elementary School: Bear Valley
    Junior High School: Goldenview
    Senior High School: South Anchorage

  • Location Information

    Direction: E.on Rabbit Creek Rd, S. on Clarks Rd, which becomes Kings Way, L on Snow Bear. WaterSource: Private
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
L6 B2 Southpointe Ridge.., Anchorage, AK, 99516 $265,000 -- -- -- 1.25 Acres
L27 Avalanche Circle, Anchorage, AK, 99516 $976,500 4 3 -- 56,000 Sqft
L4 Avalanche Circle, Anchorage, AK, 99516 $1,500,000 5 4 -- 56,000 Sqft
7051 Lake O The Hills C.., Anchorage, AK, 99516 $1,150,000 4 3 -- 26,985 Sqft
12459 Ridge Place, Anchorage, AK, 99516 $615,000 3 2 -- 33,000 Sqft
12515 Rya Road, Anchorage, AK, 99516 $1,675,000 5 5 -- 148,480 Sqft
13851 Canyon Road, Anchorage, AK, 99516 $1,119,000 4 3 -- 71,029 Sqft
12530 Freitag Circle, Anchorage, AK, 99516 $675,900 3 3 -- 46,173.60 Sqft
6601 Gunnison Drive, Anchorage, AK, 99516 $1,100,000 5 3 -- 44,916 Sqft
3316 Morgan Loop, Anchorage, AK, 99516 $660,000 4 3 -- 6,448 Sqft

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The listing content relating to real estate for sale on this website comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than ByOwner, are marked with either the listing brokerage's logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Listing content scraping by unauthorized personnel is strictly prohibited. Copyright © 2026 Alaska Multiple Listing Service, Inc. All Rights Reserved.

ByOwner last updated this listing 09/11/2026 @ 05:30

MLS: 26-11584 LISTED BY: Gary Cox, Real Broker Alaska 855-450-0442 SOURCE: Alaska Multiple Listing Service

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