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Bear Valley Homes for Sale

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  • /18

    $429,000

    • Land
    • 10 Acres
    • $44,734 per Acre

    9295 Paine Rd, Anchorage, AK 99516

    WOW! Nearly 10 acres of Beautiful Land W/ Views of City Lights, Inlet & Surrounding mountains ready for your new home. This chunky parcel provides views, privacy, elbow room galore & a small stream. Road improvement completed, Driveway in to level building site, Well/Septic permit & soil tests on file. Seller willing to sub divide into 2 parcels & sell each at a lower price or Buyer can choose

    Agent Photo

    Barbara Huntley

    Keller Williams Realty Alaska Group

    (888) 330-7860

    9295 Paine Rd, Anchorage, AK 99516
  • /24

    $425,000

    • Land
    • 23 Acres
    • $18,632 per Acre

    16533 Snow Bear Dr, Anchorage, AK 99516

    ** Below Assessed Value** Own over 22 acres across three stunning south-facing lots at the top of Anchorage, offering unobstructed panoramic vistas of the Chugach Mountains, Cook Inlet, Sleeping Lady, and the west side mountains. Bordered by Chugach State Park to the north, this property promises serenity, privacy, and endless possibilities for your dream home or estate....ready for your vision.

    Gregg Dunlap Hayden Outdoors, LLC

    16533 Snow Bear Dr, Anchorage, AK 99516
  • /15

    $180,000

    • Land
    • 2.35 Acres
    • $76,596 per Acre

    L2 Paine Cir, Anchorage, AK 99516

    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.

    Matt Dimmick Keller Williams Realty Alaska Group

    L2 Paine Cir, Anchorage, AK 99516
  • /13

    $260,000

    • Land
    • 7 Acres
    • $34,853 per Acre

    L3 Paine Cir, Anchorage, AK 99516

    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.

    Matt Dimmick Keller Williams Realty Alaska Group

    L3 Paine Cir, Anchorage, AK 99516
  • /11

    $225,000

    • Land
    • 4.60 Acres
    • $48,913 per Acre

    L1 Paine Cir, Anchorage, AK 99516

    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.

    Matt Dimmick Keller Williams Realty Alaska Group

    L1 Paine Cir, Anchorage, AK 99516
  • /71

    $895,000

    • 4 Beds
    • 3.5 Baths
    • 2,501 Sq Ft

    7820 Susan Cir, Anchorage, AK 99516

    Unique hillside home w built in income of $5000+/month & unobstructed views of the mountains & inlet. Main house has 3BDR, 2.5BA & 3 car garage w 18 x 9 commercial door. Mother in law unit currently operates as a full time Airbnb w 1BDR, 1 full BA, kitchen, its own washer & dryer, & private deck w a hot tub. Practically brand new with stunning top of the line finishes throughout.

    Adrian Jaime Real Broker Alaska

    7820 Susan Cir, Anchorage, AK 99516
  • /24

    $550,000

    • 5 Beds
    • 3 Baths
    • 2,544 Sq Ft

    15935 Kings Way Dr, Anchorage, AK 99516

    Spacious unfinished home with beautiful views of the Inlet. Large Master bedroom with mountain views. Floor to ceiling windows in the front of the house. This home has a lot of potential.

    Alexis Black RE/MAX Dynamic Properties

    15935 Kings Way Dr, Anchorage, AK 99516
  • /112

    $2,200,000

    • 4 Beds
    • 6 Baths
    • 5,360 Sq Ft

    7990 Paine Rd, Anchorage, AK 99516

    Tucked into nearly six acres of pristine hemlock forest in Bear Valley, this newly constructed luxury home is a true masterpiece of custom craftsmanship and thoughtful design. With breathtaking views of Denali, the Anchorage Bowl, Cook Inlet, and the surrounding mountains, every inch of this property was built to inspire and impress.From the moment you arrive, you'll notice the incredible

    Jonathon Wagner Herrington and Company, LLC

    7990 Paine Rd, Anchorage, AK 99516
  • /10

    $149,000

    • Land
    • 1.30 Acres
    • $114,615 per Acre

    16345 Snow Bear Dr, Anchorage, AK 99516

    Beautiful building lot near the top of Bear Valley. This is one of the best building lots still available on the upper hillside. 1.3 acres of unobstructed views of the Alaska Range, City Lights, Sleeping Lady and the inlet. Old growth Hemlocks back to State Park and the McHugh ridge trailhead. You can have your own access trail to hiking and skiing right out your back door. Land has

    Rick Davids Sun Properties, LLC

    16345 Snow Bear Dr, Anchorage, AK 99516
  • /63

    $860,000

    • 4 Beds
    • 3.5 Baths
    • 3,352 Sq Ft

    10380 Honey Bear Ln, Anchorage, AK 99516

    Motivated Seller! Welcome to your mountain retreat in the heart of Upper Bear Valley, where breathtaking beauty meets everyday comfort. This home is perfectly positioned on over an acre of land, offering sweeping views from every window, including panoramic sights of Anchorage, mountain ridgelines, and the dancing Northern Lights.Step inside and feel the warmth of natural sunlight pouring into

    Vanna Siackhasone Real Broker Alaska

    10380 Honey Bear Ln, Anchorage, AK 99516
  • /4

    $56,100

    • Land
    • 0.59 Acre
    • $95,085 per Acre

    L16A B10H Harwood Cir, Anchorage, AK 99516

    Create your own hillside haven! Country living above the city--peaceful, quiet, and surrounded by mountain views. This serene, private setting is the perfect place to bring your plans and build your dream home. Neighboring Lots 14A and 15A also available.

    Teresa Bell RE/MAX Dynamic Properties

    L16A B10H Harwood Cir, Anchorage, AK 99516
  • /5

    $69,500

    • Land
    • 0.73 Acre
    • $95,205 per Acre

    L14A B10H Harwood Cir, Anchorage, AK 99516

    Create your own hillside haven! Country living above the citya"peaceful, quiet, and surrounded by mountain views. This serene, private setting is the perfect place to bring your plans and build your dream home. Neighboring Lots 15A and 16A also available.

    Teresa Bell RE/MAX Dynamic Properties

    L14A B10H Harwood Cir, Anchorage, AK 99516
  • /4

    $56,400

    • Land
    • 0.59 Acre
    • $95,593 per Acre

    L15A B10H Harwood Cir, Anchorage, AK 99516

    Create your own hillside haven! Country living above the city--peaceful, quiet, and surrounded by mountain views. This serene, private setting is the perfect place to bring your plans and build your dream home. Neighboring Lots 14A and 16A also available.

    Teresa Bell RE/MAX Dynamic Properties

    L15A B10H Harwood Cir, Anchorage, AK 99516
  • /10

    $78,500

    • Land
    • 0.60 Acre
    • $130,833 per Acre

    L3A Alta Ct, Anchorage, AK 99516

    Bear Valley view lot with the corners marked and soil tests complete. Septic system permit issued and plot plan done. Located on cul de sac for privacy and seclusion. Natural gas available. Lots of maps and information to view. View and walk this site today.

    Terry Beal RE/MAX Dynamic Properties

    L3A Alta Ct, Anchorage, AK 99516
  • /78

    $575,999

    • 4 Beds
    • 3 Baths
    • 2,184 Sq Ft

    17041 Jacqueline Cir, Anchorage, AK 99516

    Priced to sell! Amazingly peaceful views from the front and back of home. New Deck in the front and back. You will love the natural light via large windows in dining area and living room. Plenty of room with built-in storage. Garage workshop has custom storage. Well maintained access year around. Fenced-in raised beds with perennials. The 21,200 SQFT adjacent lot included. 22 minutes to

    Julie Marshall FSBO System Alaska LLC

    17041 Jacqueline Cir, Anchorage, AK 99516
  • /16

    $149,000

    • Land
    • 1.77 Acres
    • $84,181 per Acre

    L12 B3 Snow Bear Dr, Anchorage, AK 99516

    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.

    Mackie Derrick CORE Real Estate Group, LLC.

    L12 B3 Snow Bear Dr, Anchorage, AK 99516
  • /18

    $1,041,000 New Construction

    • 4 Beds
    • 2.5 Baths
    • 2,020 Sq Ft

    L3 Paine Cir, Anchorage, AK 99516

    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.

    Matt Dimmick Keller Williams Realty Alaska Group

    L3 Paine Cir, Anchorage, AK 99516
  • /15

    $865,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,800 Sq Ft

    L2 Paine Cir, Anchorage, AK 99516

    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.

    Matt Dimmick Keller Williams Realty Alaska Group

    L2 Paine Cir, Anchorage, AK 99516
  • /14

    $1,161,000 New Construction

    • 4 Beds
    • 2.5 Baths
    • 2,670 Sq Ft

    L1 Paine Cir, Anchorage, AK 99516

    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.

    Matt Dimmick Keller Williams Realty Alaska Group

    L1 Paine Cir, Anchorage, AK 99516

Why Live in Bear Valley

Bear Valley, located just beyond the suburbs of South Anchorage, is a rural neighborhood known for its dense pine trees and hillside homes. The area features "Alaska-style" homes, blending Craftsman and log cabin elements with large decks and expansive windows. Many homes have wood siding and metal roofs, while newer constructions incorporate modern contemporary designs with unique roof angles and stone accents. The neighborhood experiences some of the strongest winds in Anchorage and has a crime score lower than the national average. Outdoor activities are abundant, with the Rabbit Creek Trailhead about 7 miles away, offering a 4.4-mile trek with mountain lake views, and the nearby Flattop Trailhead providing a challenging 1.5-mile hike with views of Denali and the Aleutian Islands. Ray E. Storck Homestead Park offers soccer and baseball fields, a playground, and a picnic shelter. Residents can drive to shopping and dining options near Huffman Road, including Kaladi Brothers coffee shop and Southside Bistro, an upscale American restaurant. Essential stores like Walmart and Target are about 10 miles away, with groceries available at Carrs on Huffman Park Road. Although there is no public transit, main roads provide convenient driving routes, with downtown Anchorage, Ted Stevens Anchorage International Airport, and Providence Alaska Medical Center approximately 15 miles away. Schools in the area include the highly rated Bear Valley Elementary School, Goldenview Middle School, and South Anchorage High School, which offers various career prep programs and an Air Force JROTC program.

Frequently Asked Questions

Is Bear Valley a good place to live?
Bear Valley is a good place to live. Bear Valley is considered very car-dependent and somewhat bikeable with minimal transit options. Bear Valley has 3 parks for recreational activities. It has a median age of 44. The average household income is $152,200 which is above the national average. College graduates make up 60.1% of residents. A majority of residents in Bear Valley are home owners, with 8.7% of residents renting and 91.3% of residents owning their home. A local real estate agent serving Bear Valley can help you decide if this neighborhood is the right one for you. Learn more on our Bear Valley neighborhood guide.
How much do you need to make to afford a house in Bear Valley?
The median home price in Bear Valley is $775,000. If you put a 20% down payment of $155,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $3,940 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $169K a year to afford the median home price in Bear Valley. The average household income in Bear Valley is $152K.
What are the best public schools in Bear Valley?
The best public schools that serve Bear Valley are:
What are the most popular zip codes in Bear Valley, Anchorage, AK?
The most popular zip codes in Bear Valley, Anchorage, AK include 99516, 99507, 99515, 99518 and 99502.
What are the most popular neighborhoods near Bear Valley, Anchorage, AK?
The most popular neighborhoods near Bear Valley, Anchorage, AK are Rabbit Creek, Hillside East, Mid-Hillside, Huffman-O'Malley and Old Seward-Oceanview.
Are home prices dropping in Bear Valley?
Yes, home prices in Bear Valley are down 24% in the last 12 months.

Home Trends in Bear Valley, AK

Housing Trends

Median Sale Price
$697,500
Median Single Family Sale Price
$757,500
Average Price Per Sq Ft
$326
Number of Homes for Sale
7
Last 12 months Home Sales
12
Months of Supply
7.00
Median List Price
$775,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-20%
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