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Anchorage Hillside Neighborhood Guide

Bear Valley Homes For Sale

Search Bear Valley homes for sale in Anchorage, Alaska. Bear Valley is known for mountain atmosphere, larger lots, privacy, custom homes, trails, wildlife, and a true Alaska Hillside lifestyle while still remaining connected to Anchorage amenities.

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Bear Valley Real Estate

Bear Valley Offers A More Private Anchorage Lifestyle

Bear Valley is one of Anchorage’s most unique Hillside residential areas. Located near Chugach State Park, the area is known for wooded lots, mountain views, privacy, custom homes, wildlife, and a more rural residential feel while still remaining within driving distance of shopping, schools, restaurants, and Anchorage commuter routes. [oai_citation:0‡Homes](https://www.homes.com/local-guide/anchorage-ak/bear-valley-neighborhood/?utm_source=chatgpt.com)

Many Bear Valley homes sit on larger parcels with more separation between neighbors, creating an atmosphere that feels very different from denser Anchorage subdivisions. Buyers are often attracted to the area for privacy, scenery, outdoor access, and long-term lifestyle appeal.

Bear Valley Strategy

  • Evaluate lot usability, privacy, and driveway access
  • Review well, septic, COSA, and drainage considerations
  • Compare custom homes carefully against nearby sales
  • Understand winter access and snow management
  • Analyze views, outdoor living, and long-term resale appeal
  • Position listings with strong photography and marketing strategy
Why Buyers Like Bear Valley

Bear Valley Combines Anchorage Living With Alaska Wilderness Feel

Mountain Atmosphere

Bear Valley sits near the Chugach Mountains and offers a more wooded, elevated, and scenic Anchorage setting. [oai_citation:1‡Homes](https://www.homes.com/local-guide/anchorage-ak/bear-valley-neighborhood/?utm_source=chatgpt.com)

Larger Lots & Privacy

Many homes feature larger lots, mature trees, and more separation between neighboring properties compared to traditional subdivisions.

Outdoor Access

Nearby access to Chugach State Park, trails, hiking, biking, skiing, and wildlife is a major attraction for many buyers. [oai_citation:2‡Homes](https://www.homes.com/local-guide/anchorage-ak/bear-valley-neighborhood/?utm_source=chatgpt.com)

Custom Homes

Bear Valley includes a mix of custom homes, luxury properties, newer construction, and unique Alaska-style residences.

Buyer Guidance

What To Watch For When Buying A Bear Valley Home

Buying in Bear Valley requires more analysis than simply comparing square footage and bedroom count. Buyers should evaluate driveway grade, winter access, lot drainage, roof condition, exterior maintenance, heating systems, and long-term upkeep.

Many Bear Valley homes may involve private wells, septic systems, larger lots, sloped terrain, and COSA requirements. Buyers should carefully review inspections, utility systems, and property disclosures before closing.

Bear Valley Lifestyle

Bear Valley appeals to buyers looking for privacy, scenery, outdoor access, and a more authentic Alaska feel while still remaining connected to Anchorage employment, schools, restaurants, and shopping.

Selling A Bear Valley Home?

Bear Valley homes often sell on emotion, lifestyle, scenery, and presentation. Buyers in this area respond strongly to views, privacy, architecture, outdoor space, wooded settings, and overall property atmosphere.

Strong photography, drone media, video walkthroughs, pricing strategy, and positioning matter significantly in Hillside and Bear Valley real estate because homes vary dramatically in design, condition, location, and lot quality.

What’s My Home Worth?
Nearby Anchorage Areas

Explore Nearby Anchorage Hillside Areas

Anchorage Hillside

Search larger lots, luxury homes, mountain views, and Anchorage Hillside living.

View Hillside Homes

Rabbit Creek

Another popular Hillside area known for views, privacy, trails, and custom homes.

View Rabbit Creek Homes

South Anchorage

Popular for schools, shopping, trails, newer homes, and convenience.

View South Anchorage Homes

Sand Lake

West Anchorage convenience with established neighborhoods and strong resale appeal.

View Sand Lake Homes
Bear Valley FAQ

Frequently Asked Questions About Bear Valley Real Estate

Is Bear Valley a good place to live?

Many buyers choose Bear Valley for privacy, mountain atmosphere, larger lots, wildlife, outdoor recreation access, and a more rural residential feel while still remaining within Anchorage. [oai_citation:3‡Homes](https://www.homes.com/local-guide/anchorage-ak/bear-valley-neighborhood/?utm_source=chatgpt.com)

Are Bear Valley homes expensive?

Bear Valley often includes custom and higher-end homes, but pricing varies significantly based on lot size, views, condition, updates, location, and privacy. [oai_citation:4‡Homes](https://www.homes.com/local-guide/anchorage-ak/bear-valley-neighborhood/?utm_source=chatgpt.com)

Do Bear Valley homes have wells and septic systems?

Many Bear Valley properties may involve private wells, septic systems, and COSA requirements. Buyers should review utility systems and inspections carefully during due diligence.

What should sellers focus on in Bear Valley?

Sellers should focus heavily on presentation, views, photography, lot appeal, privacy, outdoor living, and lifestyle marketing because buyers are often purchasing the atmosphere and setting as much as the structure itself.

Ready To Buy Or Sell In Bear Valley?

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Bear Valley Homes For Sale

$199,000
26-8162 MLS
Your chance to build your new home on this roomy 3+ acre level parcel of land surrounded by mountains, views and wildlife. Currently part of a larger 9+ acre parcel of land but approved and ready to be subdivided. Easy to drive by to view. Feel free to walk around. See plat under documents. Adjoining approx 6 acre parcel for sale MLS#26-8161 or both can be purchased together MLS#26-8160.

Lot A-2 Mountain Terr Est #2 Lot A-2 Road, Anchorage

Listing Office Keller Williams Realty Alaska Group
$269,000
26-8161 MLS
Almost 6 acre parcel of land with loads of options surrounded by amazing views! Fantastic home site with old building pad, soil has been perked, driveway is in, Required road improvement already completed. This approx 6 acre parcel is part of a larger almost 9 acre parcel that has been approved for replat to 3 acre and 5.8 acre parcels. See Platt under documents.

Lot A-1 Mountain Terrace Estates #2 Road, Anchorage

Listing Office Keller Williams Realty Alaska Group
$435,000
26-8160 MLS
Rare ''Chunky'' 9+ acre parcel of land ready for your new home!. This nice sized parcel has loads of room for whatever home & shop you desire in addition to great privacy. Amazing views of mountains, city lights & cook inlet! Soil has been perked, driveway is in, required road improvement completed. This is a fantastic home site nearly ready to build! Seller has an approved replat of parcel into a 3+ acre lot and a nearly 6 acre lot if Buyer would like to have that option. Those smaller to be subdivided lots are listed for sale under MLS# __-____ and __-____.

9295 Paine Road, Anchorage

Listing Office Keller Williams Realty Alaska Group
$976,500
4 Beds ⋅ 3 Baths ⋅ 26-7803 MLS
CUSTOM RANCH IN ANCHORAGES NEWEST HILLSIDE NEIGHBORHOOD SPRUCE TERRACE. AMAZING VIEWS, OLD GROWTH HEMLOCK FORESTED HOMESITES, COMMUNITY WATER SYSTEM WITH FIRE HYDRANTS, PAVED STREETS, ESTATE SIZED ACRE PLUS LOTS. PHOTO IS OF SIMILAR HOME.

L27 Avalanche Circle, Anchorage

Listing Office Keller Williams Realty Alaska Group
$1,025,000
3 Beds ⋅ 4 Baths ⋅ 26-7792 MLS
Perched high on the Hillside, this exceptional custom home offers a rare combination of timeless craftsmanship, breathtaking scenery, and versatile living. Built with quality that has truly stood the test of time, this home has been meticulously maintained and remains a stunning example of architectural design. Walls of windows frame spectacular panoramic views stretching across Cook Inlet, the Anchorage skyline, Fire Island, Sleeping Lady, and Mount Redoubt, creating an ever changing backdrop from sunrise to sunset. Thoughtfully designed living spaces maximize the incredible vistas while providing warmth, character, and enduring elegance throughout. The home also features a fully adapted, ADA compliant in-law suite, ideal for multigenerational living, extended guests, a live-in caregiver or potential rental income. This is a unique opportunity to own an iconic Hillside property where timeless architecture, unmatched views, and exceptional versatility come together in one remarkable home.

14760 Prator Street, Anchorage

Listing Office Keller Williams Realty Alaska Group
$815,000
3 Beds ⋅ 3 Baths ⋅ 26-6752 MLS
Discover luxury living on the Anchorage Hillside in this newly completed custom residence showcasing breathtakingm unobstructed views of the mountains, inlet, and city lights. Thoughtfully designed with both elegance and functionality in mind, this exceptional home offfers 3 bedrooms and 3 bathrooms, with one bedroom located on the main level that can serve as a flex room such as bedroom, office, or den, which ever fits your lifestyle. The open-concept design is ideal for both everyday living and entertaining, featuring expansive windows that frame Alaska's spectacular scenery, designer finishes, and seamless indoor-outdoor living. The luxurious primary suite provides a private retreat with spa-inspired amenities and generous closet space. Car enthusiasts and outdoor adventurers will appreciate the impressive 1,200-square-foot heated four-car garage, offering abundant room for vehicles, storage, and Alaska gear. Situated on a spacious hillside lot in one of Anchorage's most sought-after locations, this home combines modern craftsmanship, privacy, and world-class views. Whether you're relocating to Alaska or seeking an expectional place to call home, this turnkey property offers a rare opportunity to experience the best of Anchorage living.

7920 Viola Circle, Anchorage

Listing Office Real Broker Alaska
$149,000
26-6722 MLS
Views and solitude, This is what this nearly 2 acre lot provides. This gentle sloping lot is ready for your dream home. Pick a view: Chugach Mountains, Alaska Range, Ocean or city lights. With the south and west facing exposure your home possibilities have huge potential! Electricity and Gas are adjacent to this parcel.

L12 B3 Snow Bear Drive, Anchorage

Listing Office CORE Real Estate Group, LLC.
$399,000
26-6617 MLS
Rare Hillside Opportunity! Build your dream home on 3.51 acres in one of Anchorage Hillside's most beautiful locations. Situated on Mountain Air Drive, this exceptional parcel offers breathtaking views of Cook Inlet, city lights and Sleeping Lady, along with outstanding privacy and endless possibilities. An established driveway leads to two existing building pads, providing a head start for your future home site and making it easier to bring your vision to life. Surrounded by mature trees and Alaska's natural beauty, this property offers the perfect balance of peaceful seclusion and convenience. Enjoy nearby trails, top-rated schools, shopping, and city amenities while taking in panoramic views and the tranquility of hillside living. With generous acreage, incredible scenery, existing site improvements, and a beautiful Mountain Air Drive location, this is a rare opportunity to create a truly special Alaska retreat tailored to your lifestyle. Experience stunning sunsets, twinkling city lights, and some of Alaska's most iconic views from your future dream home.

L2 Prospector Creek, Anchorage

Listing Office Real Broker Alaska
$599,000
3 Beds ⋅ 3 Baths ⋅ 26-6123 MLS
Fabulous Denali, inlet & city light views ~ literally a view from every window. Peaceful Alaskan chalet-style home in Bear Valley. Brimming with personality, this home offers an oversized two-car garage with workbench and storage, plus an arctic entry to keep the cold at bay. The remodeled kitchen features quartz countertops, newer stainless steel appliances, and a Morrocan tile backsplash. Soaring vaulted ceilings and a fireplace insert create a warm, inviting family room. The main floor offers a bedroom and full bath, while upstairs the primary suite features a custom walk-in shower and adjoining loft--ideal as an office, workout area, or second living space. The home was previously permitted for an addition over the garage, providing the opportunity to expand the dining and kitchen area should future owners choose to do so. The lower level offers MIL potential with a bedroom, bath, and kitchenette or flex space. Sellers considered an Air BNB at one point. Home features an oversized, insulated 624 sq. ft. 2+-car garage and large work bench. Outside, enjoy a large Trex deck, spacious backyard, fire pit, expansive views, and wildlife throughout the year. New septic, new hydroseeded lawn, circular drive, privacy, and direct trail access complete the package to this private slice of Bear Valley. Side by side and commercial snow blower available for sale.

8201 Robert Drive, Anchorage

Listing Office Herrington and Company, LLC
$1,950,000
7 Beds ⋅ 5 Baths ⋅ 26-5482 MLS
Experience elevated Alaska luxury in this extraordinary estate offering nearly 8,000 square feet of thoughtfully designed living space, positioned to capture some of the most breathtaking views Anchorage has to offer. From Denali and Sleeping Lady to Flattop and the sparkling inlet below, nearly every room in the home is framed by dramatic panoramic scenery and incredible natural light, (continue) Designed for both grand-scale entertaining and comfortable everyday living, the home features expansive gathering spaces, multiple living areas, and exceptional attention to detail throughout. The main level flows seamlessly between the living room, dining room, breakfast nook, den, office, and chef's kitchen, all opening to a massive view deck complete with a hot tub and outdoor entertaining space. Rich Brazilian hardwood floors, a gas fireplace, built-in audio, custom lighting, and refined finishes create an atmosphere that is both elegant and welcoming. The kitchen is beautifully appointed with premium appliances, granite countertops, built-in refrigeration, wine storage, pot filler, pantry, trash compactor, and instant hot water tap--designed to impress while remaining highly functional. Upstairs, the luxurious primary suite offers a private view deck, spa-inspired ensuite bath with heated floors and steam shower, and a spacious walk-in closet. Additional bedrooms and a massive bonus/playroom over the garage provide incredible flexibility for recreation, media, fitness, or guest accommodations. The lower level offers an entirely separate experience of its own, complete with radiant floor heating, two bedrooms, a full bath, second laundry area, oversized living room with kitchenette-style amenities, expansive flex space, and a climate-controlled wine cellar with approximately 1,000-bottle capacity. Ideal for multigenerational living, extended guests, or potential separate quarters, this level adds exceptional versatility to the property. Every detail of the home has been carefully considered--from the humidified wine cellar and dog wash station to the intercom system, alarm system, A/C, continuous hot water circulation, and generator hookup designed to maintain heat and water during outages. Outside, the fully fenced grounds feature a powered gate, water fountain, yard shed, two separate 3-car garage spaces, and RV/trailer parking on two different levels. This is a rare opportunity to own a true luxury estate that combines scale, craftsmanship, functionality, and unforgettable Alaska views in one exceptional property.

16409 Sandpiper Drive, Anchorage

Listing Office Real Broker Alaska
$195,000
26-5381 MLS
Welcome to Mountain Hemlock Estates, an exclusive new subdivision featuring seven exceptional homesites with sweeping inlet and mountain views. Thoughtfully positioned among mature hemlock trees and bordered by serene wetlands, these lots provide remarkable privacy, abundant wildlife, and an unparalleled Alaska backdrop.

L7 B5 Mountain Air Drive, Anchorage

Listing Office The Agency Anchorage
$195,000
26-5379 MLS
Welcome to Mountain Hemlock Estates, an exclusive new subdivision featuring seven exceptional homesites with sweeping inlet and mountain views. Thoughtfully positioned among mature hemlock trees and bordered by serene wetlands, these lots provide remarkable privacy, abundant wildlife, and an unparalleled Alaska backdrop. Each parcel offers highly buildable terrain with the perfect balance of natural beauty and convenience. Whether you envision quiet mornings overlooking the Chugach Mountains or evenings spent on your deck immersed in the sights and sounds of Alaska, Mountain Hemlock Estates delivers a truly extraordinary setting for your custom home.

L5 B5 Mountain Air Drive, Anchorage

Listing Office The Agency Anchorage
$195,000
26-5380 MLS
Welcome to Mountain Hemlock Estates, an exclusive new subdivision featuring seven exceptional homesites with sweeping inlet and mountain views. Thoughtfully positioned among mature hemlock trees and bordered by serene wetlands, these lots provide remarkable privacy, abundant wildlife, and an unparalleled Alaska backdrop.

L6 B5 Mountain Air Drive, Anchorage

Listing Office The Agency Anchorage
$195,000
26-5378 MLS
Welcome to Mountain Hemlock Estates, an exclusive new subdivision featuring seven exceptional homesites with sweeping inlet and mountain views. Thoughtfully positioned among mature hemlock trees and bordered by serene wetlands, these lots provide remarkable privacy, abundant wildlife, and an unparalleled Alaska backdrop. Each parcel offers highly buildable terrain with the perfect balance of natural beauty and convenience. Whether you envision quiet mornings overlooking the Chugach Mountains or evenings spent on your deck immersed in the sights and sounds of Alaska, Mountain Hemlock Estates delivers a truly extraordinary setting for your custom home.

L4 B5 Mountain Air Drive, Anchorage

Listing Office The Agency Anchorage
$1,599,999
26-5338 MLS
Create your dream home on this nearly one-acre lot in Anchorage's Shangri-La neighborhood, with stunning views of the city skyline, Cook Inlet, and Sleeping Lady mountain. Partner with Crown Pointe Homes, Anchorage's premier custom home builder, to craft a bespoke residence tailored to your vision. Envision an elegant great room flowing into an open kitchen and dining area, seamlessly connected.. ...to outdoor decks that capture the breathtaking vistas. Retreat to a luxurious main-floor master suite, while a finished walk-out basement offers a spacious recreation room and three additional bedrooms. Customize every detail to reflect your unique style in this unparalleled setting.

16074 Mountain Air Drive, Anchorage

Listing Office Hayden Outdoors, LLC
$249,000
26-4227 MLS
Stunning views- Total of 2 acres to build your dream home! City, inlet, mountain panoramic views! Go see this property- there is a switch back to walk up. Gas line adjacent, lot requires advanced septic system. Road maintained all year. 1.5 miles to school bus stop. Backs up to Chugach State Park. Enjoy scenic views all year long, short drive up the hill! BTV all information

L1-2 B1 Echo Hills, Anchorage

Listing Office Berkshire Hathaway HomeServices Alaska Realty
$289,500
26-3754 MLS
Ready to build your custom dream home in the sought-after Shangri-La neighborhood--your own private, secluded oasis. This 2.43 acre homesite features a cleared area approximately 150' from the front, with mature trees throughout for privacy. Enjoy panoramic city and mountain views, paved road access, and electric and natural gas on site, while staying within 25 minutes to downtown.

L22 Lost Horizon Drive, Anchorage

Listing Office Berkshire Hathaway HomeServices Alaska Realty
$65,000
26-3572 MLS
Build your dream home! This half acre lot comes with views of the inlet, city & mountains. Tucked away in the Chugach Mountains giving you the remote feel, all while being close enough to the city for your convenience. Part of 4 adjoining lots being sold separately. See other listings. Gas and Electric Near lot

L2A B11H Rabbit Creek View Drive, Anchorage

Listing Office Herrington and Company, LLC
$55,000
26-3570 MLS
Build your dream home! This half acre lot comes with views of the inlet, city & mountains. Tucked away in the Chugach Mountains giving you the remote feel, all while being close enough to the city for your convenience. Part of 4 adjoining lots being sold separately. See other listings. Gas and Electric near lot.

L3A B11H Rabbit Creek View Drive, Anchorage

Listing Office Herrington and Company, LLC
$55,000
26-3567 MLS
Build your dream home! This half acre lot comes with views of the inlet, city & mountains. Tucked away in the Chugach Mountains giving you the remote feel, all while being close enough to the city for your convenience. Part of 4 adjoining lots being sold separately. See other listings. Gas and Electric near lot.

L4A B11H Rabbit Creek View Drive, Anchorage

Listing Office Herrington and Company, LLC
$55,000
26-3561 MLS
Build your dream home! Views of the inlet, city & mountains. Tucked away in the Chugach Mountains giving you the remote feel, all while being close enough to the city for your convenience. Part of 4 adjoining lots being sold separately. See other listings. Gas and Electric close to Lot.

L5 B11H Rabbit Creek View Drive, Anchorage

Listing Office Herrington and Company, LLC
$230,000
26-3558 MLS
1.98 Acres with inlet Views. Nothing else like it on the Hillside. Only 15 minutes from downtown Anchorage but these views make it feel like it's a world away. This is 4 lots. Seller willing to sell together or separately.

L2A L3A L4 A L5A Rabbit Creek View Drive, Anchorage

Listing Office Herrington and Company, LLC
$1,750,000
4 Beds ⋅ 6 Baths ⋅ 26-3144 MLS
Known as ''The Raven House'', this extraordinary custom mountain estate is perched high on a mountainside, nestled within a mature hemlock forest and offering a rare combination of privacy, craftsmanship, and self-sufficiency. Set on approximately 6 acres surrounded by breathtaking mountain scenery, the property features private trails leading directly to a peak summit overlooking Cook Inlet, Denali, Sleeping Lady, and the surrounding mountain ranges. Designed for those who seek space, tranquility, and exceptional quality over a conventional neighborhood setting, this is a property unlike any other in Anchorage. Thoughtfully engineered and meticulously constructed, the home showcases remarkable craftsmanship throughout. Expansive windows frame breathtaking panoramic views while filling the living spaces with natural light. Exposed timber accents, custom millwork, premium finishes, and carefully selected materials create a warm, refined interior that is both luxurious and inviting. Every element of the home reflects an uncompromising commitment to quality. Originally designed as a high-performance off-grid residence, the property features a sophisticated solar array, battery storage system, and backup generator that provide dependable year-round operation. With Chugach Electric now extending service to the area, future owners will also have the option of connecting to the electrical grid while retaining the benefits and flexibility of the existing energy systems. The professionally designed kitchen is equally suited for everyday living and entertaining, featuring custom cabinetry, Thermador appliances, stunning quartzite natural stone countertops, an oversized center island, and generous workspace. The spacious primary suite offers a private retreat with breathtaking views, an expansive walk-through closet, and spa-like amenities. Additional bedrooms and flexible living spaces provide exceptional versatility for family, guests, remote work, or hobbies. Outside, the home blends seamlessly into its mountain surroundings. Native vegetation complements the natural landscape while requiring minimal maintenance, allowing the focus to remain on the spectacular setting. A custom cedar sauna, abundant wildlife, and expansive mountain views create a lifestyle that is as peaceful as it is adventurous. Despite its secluded setting, the property is located just 13 minutes from grocery shopping, dining, and everyday conveniences, offering an experience that feels a world away without sacrificing accessibility. Whether you're enjoying a quiet sunrise over the mountains, hiking directly from your own property to breathtaking summit views, working from home surrounded by nature, or entertaining friends in an unforgettable setting, this home offers a lifestyle that is nearly impossible to replicate. This is far more than a luxury home--it's an opportunity to own one of Anchorage's most distinctive private mountain estates.

7990 Paine Road, Anchorage

Listing Office Herrington and Company, LLC
$260,000
26-3096 MLS
Looking for a private & quiet luxury homesite w/ expansive views overlooking the Chugach mountains, city lights & Denali? Come and bask in the beauty of an old-growth hemlock forest away from the traffic & noise of town. Bring your builder & come on up. Each lot has multiple build sites to choose from. Less than 20 minutes from amenities but a world away from the ordinary.

L3 Paine Circle, Anchorage

Listing Office Keller Williams Realty Alaska Group
$1,252,700
4 Beds ⋅ 3 Baths ⋅ 26-3061 MLS
Here is your opportunity to have a custom new construction home with tremendous views, expansive acerage, and ample trees for privacy and seclusion. Mountain Ridge Custom Homes has plenty of floor plans to select from and can easily modify designs and build to suit your needs! Electricity is getting run to the property in June and groundbreaking could be as early as July.

L1 Paine Circle, Anchorage

Listing Office Keller Williams Realty Alaska Group
$1,239,015
4 Beds ⋅ 3 Baths ⋅ 26-2883 MLS
Here is your opportunity to have a custom new construction home with tremendous views, expansive acerage, and ample trees for privacy and seclusion. Mountain Ridge Custom Homes has plenty of floor plans to select from and can easily modify designs and build to suit your needs! Electricity is getting run to the property in June and groundbreaking could be as early as July.

L3 Paine Circle, Anchorage

Listing Office Keller Williams Realty Alaska Group
$998,560
3 Beds ⋅ 2 Baths ⋅ 26-2838 MLS
Here is your opportunity to have a custom new construction home with tremendous views, expansive acerage, and ample trees for privacy and seclusion. Mountain Ridge Custom Homes has plenty of floor plans to select from and can easily modify designs and build to suit your needs! Electricity is getting run to the property in June and groundbreaking could be as early as July.

L2 Paine Circle, Anchorage

Listing Office Keller Williams Realty Alaska Group
$549,000
26-1668 MLS
Combined Lot 4 & Lot 5 for a total of 7.57 Acres. Stunning treed parcel offering stunning inlet and mountain views. Located in a thoughtfully developing area surrounded by high-end homes, this property combines privacy, natural beauty, and long-term value. Mature trees and peaceful surroundings create the ideal setting for your custom home while still capturing the breathtaking Alaska scenery. A rare opportunity to own a large amount acreage in a desirable and growing neighborhood! See MLS # 26-1665 & #26-1660 for separate lots.

L4 & L5 Mountain Air Drive, Anchorage

Listing Office Herrington and Company, LLC
$279,000
26-1665 MLS
Beautiful 3.38-acre treed parcel offering stunning inlet and mountain views. Located in a thoughtfully developing area surrounded by high-end homes, this property combines privacy, natural beauty, and long-term value. Mature trees and peaceful surroundings create the ideal setting for your custom home while still capturing the breathtaking Alaska scenery. A rare opportunity to own acreage in a desirable and growing neighborhood. See MLS #26-1668 for Combined listing with Lot 4 for a total of 7.57 acres.

L5 Mountain Air Drive, Anchorage

Listing Office Herrington and Company, LLC
$299,000
26-1660 MLS
Exceptional 4.19-acre treed parcel offering breathtaking views of the inlet and surrounding mountains. Nestled in a beautifully developing area surrounded by high-end homes, this property provides the perfect balance of privacy and luxury. Mature trees create a serene setting while still allowing for stunning view potential. Whether you're ready to build now or invest for the future, this prime piece of land offers endless possibilities in one of the area's most desirable locations. See MLS #26-1668 for Combined listing with Lot 5 for a total of 7.57 acres.

L4 Mountain Air Drive, Anchorage

Listing Office Herrington and Company, LLC
$1,150,000
26-1102 MLS
One-of-a-kind experiential property designed for vision-driven ownership. Eight-bedroom layout supports boutique lodge, retreat center, or creative live/work use. Penthouse great room, pond and creek frontage, multi-level decks, and expansion potential create a setting where architecture, landscape, and income opportunity converge in Bear Valley. Imagined from raw land, this Bear Valley property was designed as a flexible, experience-driven asset rather than a conventional residence. With over 7,500 square feet on 13.57 acres, the eight-bedroom, nine-bath structure supports a wide range of potential uses, including boutique lodge, retreat center, live/work compound, or creative hospitality concept. The layout emphasizes separation, flow, and adaptability. A penthouse-style great room anchors the top floor, while multiple private suites with decks and patios allow for varied occupancy models. Radiant-floor heat, concrete construction elements, metal siding and roofing, and strong infrastructure provide a durable foundation for continued refinement or repositioning. The surrounding land adds meaningful long-term optionality. The owner transformed a previously wet downhill into a tranquil pond and creek frontage, creating a natural focal point for gatherings, trails, or future amenities. The balance of privacy, access, and proximity to Anchorage makes the property rare within the market. Bear Valley itself functions like a small mountain communityno commercial strip, a single entrance, and a setting that feels remote while remaining connected. For entrepreneurs or operators seeking a distinctive Alaska asset with presence, flexibility, and expansion potential, this property offers a compelling foundation.

16528 Kings Way Drive, Anchorage

Listing Office Alaska Statewide Realty Co
$1,150,000
8 Beds ⋅ 9 Baths ⋅ 26-1100 MLS
Custom-built Bear Valley mountain lodge on 13.57 acres, designed from raw land to frame mountains, water, and Alaska's light. Penthouse-style great room, floating decks, radiant concrete floors, and artisan details throughout. Wildlife, northern lights, and total privacy feel worlds away, yet just 20-25 minutes from Anchorage.Adjacent 3-acre parcel available separately for $150,000. Every arrival feels like coming home to your own mountain lodge, where the first things you notice are the silence, the sky, and the sweep of mountains, city lights, and water stretching out in front of you. Perched in Bear Valley on 13.57 acres and boasting over 7,500 square feet, this eight-bedroom, nine-bath home was not just builtit was imagined from raw land and designed to frame everything that makes Alaska feel magical: the mountains, the water, the valley, the animals, the light. From the beginning, the owner/builder chose this spot because it was one of the rare parcels where you can see both the mountains and the water at once. The vision extended to the transformation of a wet, low downhill from the house into the tranquil pond and creek frontage that now define the property. Life here is a front-row seat to wild Alaska: Imagine September evenings with a dozen moose calling to each other in the brush, the occasional bear ambling through the driveway, and a lynx stepping lightly across the little bridge by the pond, and locking eyes with you from just a few feet away. On winter nights, the northern lights can feel so close on the upper deck that they seem to rest in the palm of your hand, while a full moon hangs over the back valley outside the primary suite's floating deck. Summer sunsets pour through thoughtfully placed glass blocks, so that even from interior rooms you catch the glow and know that it's time to step out and watch the sky turn pink over Cook Inlet. Inside, the top floor has the possibilities of a true penthouse retreat: a big, light-filled Great Room opening to decks and a "hideaway" bedroom designed as an owner's sanctuary, with the rest of the house intentionally built for communityfamily, guests, or travelers. Radiant-floor heat, multi-level floating decks, and small "Juliet" balconies make everyday living feel easy and connected; you can step out to greet arriving guests from above, wave hello while they unload, and still enjoy your own quiet until you're ready to come down. Designed with B&B potential, with 6(??) bedrooms with ensuite baths, private decks or patios for every bedroom, and flexible shared spaces throughout, the property easily becomes a boutique lodge, high-end Airbnb, retreat center, or multi-generational estateeach bedroom was given "something" special and unique in its design and access, so no one feels left out. The home was designed with future upgrade potential in mind: with rock-solid bones and high-end practical features (in-floor heat, metal siding and roof, etc), continued aesthetic improvement to the interior and grounds could create a unified luxury custom home. The three-car heated garage, RV parking, and durable concrete, metal siding, and metal roof support serious four-season living, with Little Rabbit Creek and a pond as your constant soundtrack. Bear Valley itself feels like a small, exclusive mountain community with a single entrance, no commercial strip, and neighbors who think of themselves as living in their own little mountain townyet you're still within very easy reach of the city, with a reasonable 20-25 minute drive to the airport, midtown, or downtown. Beyond what's already built, there is a sense of unfinished possibility in the land: imagine a loop trail for walking or cross-country skiing, tucked-away gathering spots by the rushing creek, maybe even a partially sunken, domed greenhouse that uses diverted water to keep a lush interior space alive year-round. Whether you're dreaming of an income-producing property, a base for big family holidays, a boutique B&B, or simply a place where you feel proud every time you walk through the door, this home offers not just rooms and acreage, but a whole landscape of experiences waiting to be lived.

16528 Kings Way Drive, Anchorage

Listing Office Alaska Statewide Realty Co
$1,750,000
25-11676 MLS
Seize the opportunity to own an extraordinary 143-acre parcel nestled in the breathtaking mountains of South Anchorage, Alaska. This rare and expansive property boasts unrivaled 360-degree panoramic views, encompassing the vibrant Anchorage city skyline, the serene waters of Cook Inlet, and the awe-inspiring peaks of the Kenai and Chugach Mountains. Multiple points of access! This is an extraordinary 143-acre parcel comprised of five lots nestled in the breathtaking mountains of South Anchorage, Alaska, presenting a once-in-a-lifetime opportunity to own a true gem in one of Alaska's most coveted regions. With convenient, year-round road access, this expansive land combines seclusion with accessibility, making it an ideal canvas for a private luxury estate, a recreational retreat, an eco-friendly development, or a high-value investment. Imagine designing your dream home atop a gentle rise, surrounded by pristine forests and open meadows, with sweeping vistas of snow-draped peaks, shimmering waters, and vibrant sunsets. Perfect for outdoor enthusiasts, the property offers endless opportunities for hiking, snowshoeing, wildlife viewing, cross-country skiing, and snowmobiling, with moose, bears, and eagles frequently spotted in the area. Located just minutes from downtown Anchorage, this parcel strikes a perfect balance between rural tranquility and urban convenience, providing easy access to top-rated schools, medical facilities, and recreational attractions like the nearby Chugach State Park. The 130 acres feature a mix of terrain with elevated vantage points, ideal for building with views in mind. South Anchorage's unique microclimate offers milder winters, and with the area's growing population and limited land availability, large parcels like this are increasingly rare, promising significant long-term appreciation. This property is a haven for those who cherish Alaska's iconic wilderness, offering unmatched privacy and versatility for a single-family estate, multi-generational compound, or sustainable off-grid retreat.

8460 Paine Road, Anchorage

Listing Office Hayden Outdoors, LLC
$1,550,000
25-11660 MLS
Seize the opportunity to own an extraordinary 130-acre parcel nestled in the breathtaking mountains of South Anchorage, Alaska. This rare and expansive property boasts unrivaled 360-degree panoramic views, encompassing the vibrant Anchorage city skyline, the serene waters of Cook Inlet, and the awe-inspiring peaks of the Kenai and Chugach Mountains. This is an extraordinary 130-acre parcel nestled in the breathtaking mountains of South Anchorage, Alaska, presenting a once-in-a-lifetime opportunity to own a true gem in one of Alaska's most coveted regions. With convenient, year-round road access, this expansive land combines seclusion with accessibility, making it an ideal canvas for a private luxury estate, a recreational retreat, an eco-friendly development, or a high-value investment. Imagine designing your dream home atop a gentle rise, surrounded by pristine forests and open meadows, with sweeping vistas of snow-draped peaks, shimmering waters, and vibrant sunsets. Perfect for outdoor enthusiasts, the property offers endless opportunities for hiking, snowshoeing, wildlife viewing, cross-country skiing, and snowmobiling, with moose, bears, and eagles frequently spotted in the area. Located just minutes from downtown Anchorage, this parcel strikes a perfect balance between rural tranquility and urban convenience, providing easy access to top-rated schools, medical facilities, and recreational attractions like the nearby Chugach State Park. The 130 acres feature a mix of terrain with elevated vantage points, ideal for building with views in mind. South Anchorage's unique microclimate offers milder winters, and with the area's growing population and limited land availability, large parcels like this are increasingly rare, promising significant long-term appreciation. This property is a haven for those who cherish Alaska's iconic wilderness, offering unmatched privacy and versatility for a single-family estate, multi-generational compound, or sustainable off-grid retreat.

7690 Big Mountain Drive, Anchorage

Listing Office Hayden Outdoors, LLC
$180,000
25-10562 MLS
Looking for a private & quiet luxury homesite w/ expansive views overlooking the Chugach mountains, city lights & Denali? Come and bask in the beauty of an old-growth hemlock forest away from the traffic & noise of town. Bring your builder & come on up. Each lot has multiple build sites to choose from. Less than 20 minutes from amenities but a world away from the ordinary.

L2 Paine Circle, Anchorage

Listing Office Keller Williams Realty Alaska Group
$225,000
25-10561 MLS
Looking for a private & quiet luxury homesite w/ expansive views overlooking the Chugach mountains, city lights & Denali? Come and bask in the beauty of an old-growth hemlock forest away from the traffic & noise of town. Bring your builder & come on up. Each lot has multiple build sites to choose from. Less than 20 minutes from amenities but a world away from the ordinary. Lot 1 has 4.6 acres.

L1 Paine Circle, Anchorage

Listing Office Keller Williams Realty Alaska Group
$1,599,999
4 Beds ⋅ 4 Baths ⋅ 25-6293 MLS
Create your dream home on this nearly one-acre lot in Anchorage's Shangri-La neighborhood, with stunning views of the city skyline, Cook Inlet, and Sleeping Lady mountain. Partner with Crown Pointe Homes, Anchorage's premier custom home builder, to craft a bespoke residence tailored to your vision. Envision an elegant great room flowing into an open kitchen and dining area, seamlessly connected.. ...to outdoor decks that capture the breathtaking vistas. Retreat to a luxurious main-floor master suite, while a finished walk-out basement offers a spacious recreation room and three additional bedrooms. Customize every detail to reflect your unique style in this unparalleled setting.

16074 Mountain Air Drive, Anchorage

Listing Office Hayden Outdoors, LLC
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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 Properties of Alaska Real Estate Brokers of Alaska are marked with either the listing brokerage’s logo or 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. Listing last updated: