This is a past listing (Expired). The photos and details below are from a previous listing and may not reflect the property's current condition, price, or availability.

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16528 Kings Way Drive, Anchorage AK 995161 / 83

$1,250,000

Expired

16528 Kings Way Drive

Anchorage AK 99516

Cinerama Terrace

7

Bedrooms

8

Bathrooms

7,570

Sq Ft

2002

Year Built

$165/sqft2-car garage13.57 acres lot

MLS# 17-6471· Listed May 2, 2017

Live MLS feed

About This Home

Secluded Hillside Home w/ Pond, Awesome Views of City & Inlet on 13.57 Acres, 7 Bedrooms, 8 Baths in Anchorage, Alaska In the Mountains and Close to the City Ideal south Anchorage location for a creative buyer develop all types of income producing possibilities , mountain, City & Inlet Views from this large hillside parcel with Moose pond, nature trails, 3 full kitchens one on each floor, in floor heat, Advantix septic system, Solar panels, Steel siding and roof, lots of decks, 3 levels in this home with a very large open space on the top floor. Zero maintenance designed improvements and landscaping Lots of income possibilities 3 kitchens with solid pine wood cabinets Solar Panels specifically for water & heating system pumps during emergencies Abundance of wildlife in this area – Bear & Moose Moose pond Large tract of land – 13.57 acres with road access in two places Great soils for gardening Lots of RV & Equipment parking area 7,570 Square Feet, 7 bedroom 8 baths, 2 car garage, completed in 2003 with durable metal siding and roof. Designed specifically for the Alaska weather in this mountainous area for low maintenance. Each of the three levels has concrete floors mostly painted, kitchens with solid pine wood cabinets on each level, 9′ ceilings on the ground level, 10′ ceilings in the mid level and 8′ to 12′ ceiling heights in the top level. Each of the bedrooms are artistically designed and painted. Several of the bathrooms have original mosaic art walls that unlike any you have ever seen and each tell a story which the seller will share with the new owners. Many other unique features like high glass block accents, an open wall area showing the large all thread bolts creating this supper strong structure, an abundance of basement storage space, viewing decks on each level, in-floor heating system, solar panels, sauna etc.

Property Details

Property TypeResidential
Full Baths8
Garage Spaces2
ParkingAttached
Year Built2002
Lot Size13.57 acres
SubdivisionCinerama Terrace
Legal DescriptionCinerama Terrace Tr C
Parcel #0205610700001
Annual Taxes$13,251 ()
MLS #17-6471

Heating

Radiant FloorNatural Gas

Interior Features

Washer &/Or Dryer HookupIn-Law FloorplanBR/BA on Main LevelSmoke Detector(s)

Exterior Features

Fire Service AreaGarage Door OpenerHorse PropertyRV ParkingViewWaterfrontIn City LimitsPrivate Yard

Appliances

Washer/DryerRefrigerator

Sewer

Septic Tank

View

City LightsInletLakeMountain(s)Ocean

Price & Status History

2/5/2026
Listed for sale
$1,150,0000.0%
$157/sqft
2/5/2026
Listed for sale
$1,150,0000.0%
$152/sqft
2/5/2026
Listed for sale
$1,150,000-2.1%
$152/sqft
6/29/2025
Listed for sale
$1,175,000-9.5%
$156/sqft
10/25/2024
Listed for sale
$1,299,000-6.4%
$172/sqft
4/19/2024
Listed for sale
$1,388,000-10.5%
$184/sqft
6/22/2023
Listed for sale
$1,550,0000.0%
$205/sqft
5/15/2023
Listed for sale
$1,550,0000.0%
$205/sqft
5/9/2023
Listed for sale
$1,550,000+6.9%
$205/sqft
3/11/2023
Listed for sale
$1,450,000+12.4%
$192/sqft
6/26/2020
Listed for sale
$1,290,000+3.2%
$170/sqft
5/2/2017
Listed for sale
$1,250,000+7.9%
$165/sqft
Source: AKMLS #17-6471
8/4/2015
Listed for sale
$1,159,000
$153/sqft

* Alaska is a non-disclosure state. Prices shown are listed asking prices, not recorded sale prices.

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Maureen McMahon

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Mortgage Estimate

Down payment10% · $125,000
Interest rate7.0%
Loan term30 years

$7,485/mo

$1,125,000 loan · 30yr · 7.0%

Estimate only. Taxes & insurance not included. Rates vary by lender.

Maureen McMahon

Dream Makers

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