New Listing9321 Snow Bear Drive,Anchorage, AK 99516
Anchorage, AK 99516
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.
Details
| MLS # | 26-11584 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1983 |
| Days On Site | 3 |
| Listing Provided By | Real Broker Alaska | Gary Cox |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 4,712 |
| Garage | 2 |
| Story(s) | 3 |
| Zoning | R10 - Residential Alpine/Slope |
| Acreage | 1.16 |
| Property View | City Lights, Mountain(s), Unobst |
Interior
| Rooms Total | 0 |
|---|---|
| Heating | Baseboard, Natural Gas |
| Heating Yes / No | Yes |
Exterior
| Roof | Asphalt, Composition, Shingle |
|---|---|
| Lot Features | Gentle Sloping |
| Construction Materials | Wood Frame |
| Foundation Details | Block |
Parking
| Parking Features | Attached, Heated Garage, Tuck Under |
|---|---|
| Carport Sp Type Co Carport Sp Type | None |
Utilities
| Sewer | Septic Tank |
|---|
Location
| Road Surface Type | Gravel, Maintained |
|---|
Taxes
| Tax Annual Amount | 12510 |
|---|---|
| Tax Year | 2025 |
| Tax Map Number | N/A |
| Tax Legal Description | Bear Valley L4 B4 |
Area Information
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99516 |
| Area | 1A Anchorage Municipality |
| Subarea | Dearmoun Rd Potter Marsh |
| School District | South Anchorage |
| Elementary School | Bear Valley |
| High School | South Anchorage |
| Listing VS Median (in 99516) | |
Price: $1,350,000 low | high Med: $815,000 sqft: 4,712 low | high Med: 2,263 $ / sqft: $287 low | high Med: $360 On site: 3 low | high Med: 94 | |
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Learn More About This Property
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99516 |
| Area | 1A Anchorage Municipality |
| Subarea | Dearmoun Rd Potter Marsh |
| School District | South Anchorage |
| Elementary School | Bear Valley |
| High School | South Anchorage |
| Listing VS Median (in 99516) | |
Price: $1,350,000 low | high Med: $815,000 sqft: 4,712 low | high Med: 2,263 $ / sqft: $287 low | high Med: $360 On site: 3 low | high Med: 94 | |