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.
Property Type(s):
Single Family
|
Last Updated |
9/22/2026 |
Year Built |
1983 |
|---|
|
Community |
1A - Anchorage Municipality |
Garage Spaces |
2.0 |
|---|
|
County |
Anchorage Municipality |
|---|
SCHOOLS
| Elementary School | Bear Valley |
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| Jr. High School | Goldenview |
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| High School | South Anchorage |
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Price History
|
Prior to Sep 22, '26 | $1,350,000 |
|---|
| Sep 22, '26 - Today | $1,295,000 |
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Additional Details
| AREA | 1A - Anchorage Municipality |
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| CONSTRUCTION | Frame, Wood Siding |
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| GARAGE | Attached Garage, Yes |
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| HEAT | Baseboard, Natural Gas |
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| LOT | 1.16 acre(s) |
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| LOT DESCRIPTION | Gentle Sloping, Sloped |
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| LOT DIMENSIONS | 50691.0 |
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| PARKING | Attached, Heated Garage |
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| SEWER | Septic Tank |
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| STORIES | 3+ |
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| TAXES | 12510 |
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| VIEW | Yes |
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| VIEW DESCRIPTION | City Lights, Mountain(s), Ocean |
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| WATER | Private |
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Listing Office: Real Broker Alaska
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 Petersburg Properties LLC 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
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This IDX solution is (c) Diverse Solutions 2026.
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