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7990 Paine Road, Anchorage
$1,585,000
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

423 W 5th Avenue & 425, Anchorage
$1,425,000
26-2699 MLS ⋅ Ginger / Vacant (Previous TJs Shirts) BLDG.
Rare downtown Anchorage investment directly across West 5th Avenue from the 5th Avenue Mall. Two attached buildings, 10,929 SF on 9,750 SF of B-2A land. 425 W 5th (±5,979 SF) is home to Ginger, an Anchorage dining institution since 2006; 423 W 5th (±4,950 SF) is vacant with immediate lease-up upside. Roof and HVAC replaced, no parking requirement. Under 7% in place, 12%+ stabilized pro-forma 423 & 425 West 5th Avenue. Two attached concrete-block buildings joined by a common rear hallway, with 75 feet of West 5th Avenue frontage and rear alley access on 9,750 SF (0.22 AC). Zoned B-2A, Central Business District Core; no on-site parking required. Built in the 1950s, with the Ginger space extensively renovated in 2006 and 2010. Roof and HVAC systems have been replaced. ANCHOR: Ginger has operated at 425 W 5th since 2006, serving Pacific Rim cuisine from a purpose-built restaurant, bar and private dining room. Rated 4.4 stars across 658 TripAdvisor reviews, ranked #7 of 665 Anchorage restaurants, and a Travelers' Choice award winner. Tenant-funded build-out includes a full commercial kitchen. UPSIDE: 423 W 5th (±4,950 SF) is vacant with excellent storefront visibility and an open floor plan, suited to lease-up or owner occupancy. Modest capital improvements and a lease at a conservative downtown rate take the stabilized return above 12%. LOCATION: Directly opposite the Simon 5th Avenue Mall and JCPenney, with Club Paris next door and the Egan Center, Dena'ina Center, Performing Arts Center, Town Square, Anchorage Museum and downtown hotel cluster within two blocks. Approximately 10,000 vehicles per day on West 5th Avenue. Offering memorandum, lease, expense history and stabilized underwriting available to qualified buyers under a confidentiality agreement. Please do not contact or disturb the tenant.

423 W 5th Avenue & 425, Anchorage

Listing Office Jack White Commercial

2213 E Tudor Road Unit 52, Anchorage
$1,100,000
26-1641 MLS ⋅ Golden Donuts BLDG.
''GOLDEN DONUTS'' 33+ Year Established Retail Food Business. Gross revenue has exceeded $1.2 million in peak years. Projected owner-operator net income under a full 7-day operating schedule is estimated at approximately $525,000-$550,000 annually, based on documented historical daily averages. Seller retiring, may consider income property as partial purchase payment. Golden Donuts Incorporated "Alaska's Best Donuts" 40+ Year Established Retail Food Business. "High Volume and Very Profitable!" Seller retiring may consider income property as partial purchase payment. 1. EXECUTIVE SUMMARY Golden Donuts is a 40-year established, high-volume donut and specialty pastry business generating substantial owner-operator income in a proven retail location with consistent daily demand. Operating continuously since 1986 and incorporated August 6, 1992, totaling 40 years in business and has demonstrated resilience across multiple economic cycles. Few independent retail food businesses demonstrate sustained multi-decade continuity within the same market. Confidential Information Memorandum ("Memorandum") is available and has been prepared to provide qualified prospective purchasers with a structured overview of Golden Donuts, Incorporated (the "Business") in connection with a potential asset sale. This Memorandum includes: " A summary of historical owner income " Normalized earnings analysis " Pro forma expansion projections (clearly identified as forward-looking estimates) " Valuation rationale supporting the asking price " Buyer-focused operational considerations " Lender-oriented debt service coverage illustrations In addition, the current owner-operator is willing to remain involved following closing for a mutually agreed transition period to assist the purchaser with operational training, process education, and knowledge transfer. This transition would include instruction on established production methods, proprietary processes, and recipe formulations developed over the Business's multi-decade history, ensuring continuity of product quality and operational standards. The duration and scope of this transition support will be determined as part of the final purchase agreement, structured to promote a smooth ownership transition and operational stability. All financial projections, forward-looking statements, and pro forma analyses are based on historical averages and reasonable operating assumptions. They are provided for informational purposes only and are not guarantees of future performance. The information contained in this advertisment and available Memorandum is confidential and proprietary. It is furnished solely for the purpose of evaluating a potential acquisition of the Business. By accepting the Memorandum, the recipient agrees not to disclose its contents to any third party without prior written authorization and to conduct independent due diligence prior to making any acquisition decision. The seller welcomes inquiries from serious, financially qualified purchasers seeking a stable, long-established retail food operation with demonstrable earnings and measurable operational upside. Sincerely, George LaMoureaux Authorized Representative Golden Donuts Asset Sale Anchorage, Alaska See attached Confidentiality and Non-Circumvention Agreement and call/text direct for further details. Golden Donuts Incorporated Memorandum available once the Confidentiality and Non-Circumvention Agreement is fully executed by qualified potential purchasers. All financial projections, forward-looking statements, and pro forma analyses are based on historical averages and reasonable operating assumptions. They are provided for informational purposes only and are not guarantees of future performance.

2213 E Tudor Road Unit 52, Anchorage

Listing Office RE/MAX Dynamic Properties

16528 Kings Way Drive, Anchorage
$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

16528 Kings Way Drive, Anchorage
$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

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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 Real Estate Company 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:

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