16528 King’s Way Drive, Anchorage, AK 99516 (MLS# 25-11630)
$1,159,000
Anchorage, AK 99516
MLS# 25-11630
8 beds | 9 baths | 7553 sqft

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Property Description
ESCAPE TO THIS BEAR VALLEY RETREAT! - Tucked high in the sought-after Bear Valley of Anchorage, this extraordinary retreat offers the best of Alaska living - sweeping mountain vistas, unmatched privacy, and endless opportunity. Bear Valley is renowned for its beauty, serenity, and proximity to the city while still feeling a world away. Now, you are invited to experience this remarkable
Details
Maps
Documents
Location Legal and School Info
Area: 25 - Dearmoun Rd - Potter Marsh
Street #: 16528
Street Name: King's Way
Arterial: Drive
Closest USPS Town: Anchorage
State: AK
Zip Code: 99516
Contract Info
Price-List: 1159000
Date-Listing: 2025-09-08
Status: Active
Foreclosure/Bank Own: No
Property Info
Realtor.com Type: Residential - Single Family
Property Attached/Common Walls: No
Construction Status: Existing Structure
Beds: 8
Bathrooms Full: 9
Bathrooms Total: 9
SF-Res: 7553
Year Built: 2002
Garage Spaces: 3
SF-Gar: 856
SF-Lot: 591196
Lot Area Source: Tax Authority
Acres: 13.57
Zoning: R10 - Residential Alpine/Slope
Remarks and Directions
Directions: From Anchorage take Hwy 1 to Old Seward Hwy/Rabbit Creek Rd exit, turn Left. Follow for approximately 3 miles and turn Right onto Clarks Rd. Stay Right on Clarks Rd/Kings Way Dr, property on Right.
Waterfront Details
Waterfront Name: Little Rabbit Creek
Property Features
Residential Type: B & B Potential; Single Family Res
Exterior Finish: Metal
Roof Type: Metal
Foundation Type: Block; Slab
Floor Style: Multi-Level
Garage Type: Attached; Heated
Carport Type: None
Heating: Natural Gas; Radiant Floor
Sewer Type: Septic Tank
Water Source: Well
View Type: City Lights; Inlet; Mountains
Topography: Gently Rolling; Level; Sloping
Wtrfrnt-Frontage: Creek; Pond
Wtrfrnt-Access Near: None
To Show: ShowingTime
Docs Avl for Review: As-Built
Supplements
setting and imagine it as your own.
Set on over 13 pristine acres - with an additional 3-acre parcel available - this 7,550 sq. ft. residence is more than a home; it's a canvas for possibility. A meandering creek and a private pond grace the property, creating a tranquil environment where the sounds of flowing water and the sight of visiting moose, bears, eagles, and other wildlife make each day feel like a true Alaskan escape.
The property can be operated as a successful bed and breakfast, with extended-stay and long-term rental potential. Rooms currently rent for over $1,000 per month for the winter season, underscoring the strong investment appeal. With its expansive square footage, thoughtful layout, and incredible views, the home also offers the opportunity to complete updates and finishing touches for more income potential or transforming it into a grand personal residence.
From the moment you arrive, you'll feel the sense of retreat - the kind of place where guests never want to leave. Towering mountains, Alaskan wilderness, and endless skies create a backdrop that changes with every season. Here, your vision can take root: a welcoming lodge, a family compound, a luxury rental, or your own statement home in one of Anchorage's most desirable settings.
Bear Valley is calling. Come stay, breathe, and take it in. You may never want to leave - and the good news is, you don't have to. Call and set up a showing today!
Listing Office: My Favorite Realty LLC
Last Updated: October - 17 - 2025

The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with 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. Site contains live data.
As Built Survey