Water Views
Address
9321 Snow Bear Drive, Anchorage, AK
Price
$ 1,350,000
Property Attributes
- MLS#2611584
- TypeSingle Family
- Listing Status Active
- BoroughANCHORAGE
- CityAnchorage
- Area1A - Anchorage Municipality
- Neighborhood25 - Dearmoun Rd - Potter Marsh
- Zip99516
- Style
- Year Built1983
- Taxes$ 12510
- Price$ 1,350,000
- Bedrooms7
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage4712
- Lot Size1.16 Acres
Data Source:
Alaska MLS (AKMLS)
Property Description
Exceptional fully remodeled 7-bedroom, 5-bath multi-unit Bear Valley Family Compound offering rare flexibility for investment, multigenerational living, owner occupancy, and established rental-income potential. MILLION DOLLAR VIEWS. $4,000 of rental income pays for approximately $625,000 of your mortgage (Buyer to Verify). See more... Set in Anchorage's desirable Upper Hillside, this distinctive property combines a peaceful,forested setting with expansive views across Cook Inlet, Ted Stevens Anchorage International Airport, and the Anchorage skyline. The elevated setting is ideal for those seeking a closer connection to nature without giving up access to Anchorage amenities. Surrounded by mature trees, mountain terrain, natural vegetation, and the ever-changing Alaska landscape, the property offers a private, retreat-like atmosphere in every season. Hundreds of square feet of decks create exceptional outdoor living space for entertaining, morning coffee, sunset viewing, or simply enjoying the inlet, city lights, and dramatic Alaska skies. Nearby Bear Valley and Golden View trail access provides convenient opportunities for hiking, trail running, biking, skiing, snowshoeing, wildlife viewing, and exploring the Hillside. The property includes a main home, in-law suite, and ADU cabin, creating numerous possibilities for extended family, long-term rental income, short-term rental use, owner occupancy, or a combination of personal and investment use. The in-law suite and ADU cabin have documented long-term rental history of approximately $4,000 per month. The main residence has documented Airbnb and off-season rental income exceeding $70,000 annually, with combined documented income exceeding $10,000 per month for several years. The main home and ADU are offered furnished for move-in-ready living or turnkey rental use, including furnishings, dishes, flatware, linens, and household essentials. Three new or newer kitchens and five new or newer bathrooms provide outstanding flexibility for multiple households, guests, or tenants. Major improvements include a new roof, new exterior paint, new driveway, new septic system, new windows, and a new boiler, plus many additional updates throughout. A rare opportunity to own a renovated, furnished, income-producing Bear Valley property with flexible multi-unit living, documented rental history, extensive outdoor living space, nearby recreation, and panoramic Cook Inlet and Anchorage views. Buyer to independently verify all information, including square footage, rental history and income, expenses, furnishings to remain, zoning, permits, licensing, occupancy limits, utility availability, and permitted uses.
| Elementary School | Middle School | High School |
|---|---|---|
| Bear Valley Elementary School | Goldenview Middle School | South Anchorage High School |
| Price History | |
|---|---|
| 9/7/2026 | Listed $1,350,000 |
General Features
| Zoning | R10 - Residential Alpine/Slope |
|---|---|
| View | City Lights,Mountain(s),Unobstructed,Ocean |
| Property Type | Residential |
| Status | Active |
| Directions | E.on Rabbit Creek Rd, S. on Clarks Rd, which becomes Kings Way, L on Snow Bear. |
| High School | South Anchorage |
| City | Anchorage |
| MLS Area | 1A - Anchorage Municipality |
| Lot Size Units | Acres |
| Lot Size Square Feet | 50529.6 |
| Elementary School | Bear Valley |
| Middle/Junior High School | Goldenview |
| MLS Area Minor | 25 - Dearmoun Rd - Potter Marsh |
| Living Area Units | Square Feet |
| Tax Year | 2025 |
| Year Built | 1983 |
| New Construction | false |
| Tax Annual Amount | 12510 |
| Construction Materials | Wood Frame |
| Sewer | Septic Tank |
| Roof | Asphalt,Composition,Shingle |
| Garage Spaces | 2 |
| Attached Garage | true |
| Garage Y/N | true |
| Full Baths | 4 |
| Property Attached Y/N | false |
| Home Warranty Y/N | false |
| Virtual Tour | https://www.zillow.com/view-imx/3ee2fe7b-e98a-4bb9-9831-15fb458be86c?initialViewType=pano |
| Levels | Tri-Level |
Interior Features
| 3/4 Baths | 1 |
|---|---|
| Total Bedrooms | 7 |
| Total Baths | 5 |
Exterior Features
| Lot Features | Gentle Sloping |
|---|---|
| Lot Size Area | 1.16 |
| Lot Size Acres | 1.16 |
| Lot Size Source | Tax Authority |
| Road Surface Type | Gravel,Maintained |
| Parking Features | Attached,Heated Garage,Tuck Under |
| Building Area Total | 4712 |
| Foundation Details | Block |
| Total Parking | 2 |
| Covered Spaces | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 99516
Price
Taxes
Year Built
In The Neighborhood
Just Listed
Anchorage
$ 665,000
- Type
- Single Family
- Size
- 2,518 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Keller Williams Realty Alaska Group
Just Listed
Anchorage
$ 599,000
- Type
- Single Family
- Size
- 1,824 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Real Broker Alaska
Just Listed
Anchorage
$ 810,000
- Type
- Single Family
- Size
- 2,482 SqFt
- Rooms
- 4 Beds + 3 Baths
Real Broker Alaska
Just Listed
Anchorage
$ 800,000
- Type
- Single Family
- Size
- 3,575 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Renue Realty
Views
Anchorage
$ 796,500
- Type
- Single Family
- Size
- 2,846 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Northern Trust Real Estate
Water Views
Anchorage
$ 1,665,000
- Type
- Single Family
- Size
- 8,674 SqFt
- Rooms
- 4 Beds + 6 Baths
Real Estate Brokers of Alaska
Anchorage
$ 1,500,000
- Type
- Single Family
- Size
- 3,122 SqFt
- Rooms
- 4 Beds + 3 Baths
RE/MAX Dynamic Properties
Anchorage
$ 849,000
- Type
- Single Family
- Size
- 2,394 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Jack White Real Estate
Reduced
Anchorage
$ 779,000
- Type
- Single Family
- Size
- 3,506 SqFt
- Rooms
- 5 Beds + 3.5 Baths
O'Banion Real Estate and Relocation Services, LLC
Water Views
Anchorage
$ 924,900
- Type
- Single Family
- Size
- 2,608 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Jack White Real Estate
Water Views
Anchorage
$ 809,000
- Type
- Single Family
- Size
- 2,799 SqFt
- Rooms
- 4 Beds + 3 Baths
Elite Real Estate Group
Water Views
Anchorage
$ 1,198,000
- Type
- Single Family
- Size
- 4,923 SqFt
- Rooms
- 5 Beds + 4 Baths
The Agency Anchorage
