16528 Kings Way Drive, Anchorage, AK 99516

$1,150,000
Property Type: Multi-Family Bedrooms: 8 Baths: 9 Square Footage: 7,316 Lot Size (sq. ft.): 591,196 Status: Active
Current Price: $1,150,000 Last Modified: 6/15/2026

Overview

Description

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.

Supplements: 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 bat ...

Listing Details MLS# 26-1101

Contract Info

Price-List
1150000
Date-Listing
2026-02-05
Foreclosure/Bank Own
No

Location Tax and Legal

Area
25 - Dearmoun Rd - Potter Marsh
Street #
16528
Street Name
Kings Way
Arterial
Drive
Closest USPS Town
Anchorage
State
AK
Zip Code
99516

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
8
Bathrooms Full
9
Bathrooms Total
9
Bldgs-Ttl #
Yes
Year Built
2002
SF-Res
7316
Number of Units
8
SF-Lot
591196
Acres
13.57
Garage Spaces
3
Prkg Spcs
3
Lot Area Source
Tax Authority
Zoning
R10 - Residential Alpine/Slope

Directions and Remarks

Directions
From Downtown Anchorage: Follow AK-1 S to Old Seward Hwy. Take the Old Seward Hwy exit from AK-1 S 9.1 mi Take Rabbit Creek Rd and Clarks Rd to your destination on Right 5.7 mi

Waterfront Details

Waterfront Name
Little Rabbit Creek

More Information

Property Features

Multi-Family Type: Up and Down Foundation Type: Block; Slab Garage Type: Attached Carport Type: None Heating: Natural Gas; Radiant Floor Sewer-Type: Septic Tank Water Source: Well View Type: City Lights; Inlet; Mountains Wtrfrnt-Frontage: Creek; Pond Wtrfrnt-Access Near: Creek; Pond To Show: ShowingTime Listing Terms Financing: Cash; Conventional; Owner Finance; VA Loan

Documents

IDX
Listing Office: Alaska Statewide Realty Co
Last Updated: June - 15 - 2026
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.
Search powered by FBS Products