HOME + LOT ORIENTATION
Sun direction at the reviewed home footprint
- Sun direction
- 211.0° · SSW
- Sun angle
- 33.1°
- Modeled state
- direct sun at the modeled home point
North-up planReviewed footprintSun ray
$1,150,0008 bd · 9 ba · 7,316 sqft
1 / 123Active
16528 Kings Way Drive
Anchorage AK 99516
Cinerama Terrace
Alaska Statewide Realty Co
8
Bedrooms
9
Bathrooms
7,316
Sq Ft
2002
Year Built
$157/sqft3-car garage13.57 acres lot
MLS# 26-1101· Listed Feb 5, 2026
Live MLS feedAbout This Home
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 property. The top floor functions as a penthouse-style owner's retreat, while the rest of the home was thoughtfully built to support guests, renters, or extended family. Radiant-floor heat, durable concrete floors, metal siding, and a metal roof support four-season use with low-maintenance practicality. Separate access points, strong well water, and a three-car heated garage with RV parking further enhance usability. The pond and Little Rabbit Creek add a sense of calm and separation rarely found in income-capable properties this close to Anchorage. Designed with B&B and retreat potential in mind, each bedroom was given "something" unique so no space feels secondary. Bear Valley's single-entry setting provides privacy and a true neighborhood feel, while still offering a 20-25 minute drive to the airport, midtown, and downtown Anchorage.
Property Details
Property TypeResidential Income
Full Baths9
Garage Spaces3
ParkingAttached
Year Built2002
Lot Size13.57 acres
SubdivisionCinerama Terrace
Legal DescriptionCinerama Terrace Tr C
Parcel #0205610700001
Annual Taxes$15,150 (2024)
MLS #26-1101
Heating
Radiant FloorNatural Gas
Sewer
Septic Tank
View
City LightsInletMountain(s)
TERRAIN-AWARE SUNLIGHT
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Sun clears the modeled terrain horizon by 20.2 degrees.
Current modeled clearance: 20.2° relative to the terrain skyline.
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Equal Housing Opportunity
Listed by: Drew P Jones · Alaska Statewide Realty Co
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Mortgage Estimate
Down payment10% · $115,000
Interest rate7.0%
Loan term30 years
$6,886/mo
$1,035,000 loan · 30yr · 7.0%
Estimate only. Taxes & insurance not included. Rates vary by lender.
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