This is a past listing (Canceled). The photos and details below are from a previous listing and may not reflect the property's current condition, price, or availability.
$1,159,000
Originally $1,175,000
16528 King's Way Drive
Anchorage AK 99516
Cinerama Terrace
My Favorite Realty LLC
8
Bedrooms
9
Bathrooms
7,553
Sq Ft
2002
Year Built
MLS# 25-11630· Listed Sep 8, 2025
Live MLS feedAbout This Home
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 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!
Property Details
Heating
Sewer
View
Price & Status History
* Alaska is a non-disclosure state. Prices shown are listed asking prices, not recorded sale prices.
Listed by: Scott Blair · My Favorite Realty LLC
© 2026 Alaska Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable but not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Dream Makers. Listing data is synchronized from Alaska MLS continuously, multiple times per hour.
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. (AKMLS). Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Dream Makers are marked with either the listing brokerage's logo or the AKMLS logo and information about them includes the name of the listing brokerage.
Better Homes and Gardens Real Estate Dream Makers · Licensed in Alaska. Fair Housing laws protect all buyers and sellers.
Maureen McMahon
Real Estate Agent
Better Homes and Gardens Real Estate Dream Makers
Ready to schedule a private showing or answer your questions about this home.
No obligation · Response within 2 hours
Trusted by Clients
Mortgage Estimate
$6,940/mo
$1,043,100 loan · 30yr · 7.0%
Estimate only. Taxes & insurance not included. Rates vary by lender.
Research This Property
Not MLS DataExternal Alaska government tools for due diligence.