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L3 Paine Cir, Anchorage, AK, 99516

4beds
3baths
2,235sqft
$1,239,015
$554price/sqft
$8,125/moest. monthly cost
$325,000/yrincome needed

About This Home

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.

Getting Around

0
WalkingCar-Dependent
0
TransitNo Nearby Transit
10
BikeSomewhat Bikeable

Schools

10/10
9/10
Goldenview Middle SchoolGrades 7-81.6 mi
10/10

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Concrete Perimeter
  • Roof: Asphalt,Composition,Shingle
  • Construction materials: Wood Frame - 2x6,Wood Siding

Other

  • Builder name: Mountai Ridge Construction,Mountain Ridge Custom Homes

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Washer &/Or Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • BR/BA on Main Level,BR/BA Primary on Main Level,Ceiling Fan(s),Den &/Or Office,Family Room,Pantry,Quartz Counters
  • Flooring: Carpet,Luxury Vinyl
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating

  • Heating features: Fireplace(s),Forced Air,Natural Gas

Interior Area

  • Total structure area: 2,235
  • Total interior livable area: 2,235 sqft

Property

Details

  • Parcel number: 000000
  • Zoning: R10
  • Zoning description: Residential Alpine/Slope

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck/Patio
  • Exterior features: Private Yard
  • Has view: Yes
  • View description: Mountain(s)
  • Waterfront features: None,No Access

Lot

  • Lot size: 7.46 Acres
  • Features: Cul-De-Sac,Views

Parking

  • Total spaces: 3
  • Parking features: Garage Door Opener,Attached,No Carport
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Avalanche
    AvalancheRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Landslide
    LandslideRelatively High
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Winter Weather
Avalanche
Earthquake
Landslide
Wildfire

FEMA Declared Disasters in Anchorage Municipality and Alaska

Flood
Mud Landslide
Other
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,265$75,180
Home Insurance $280$3,360
Property Taxes $1,208$14,496
Electricity $372$4,470
Total$8,125$97,500

Income You'd Need if You Spent...

35% on housing$278,571/yr
40% on housing$243,750/yr
45% on housing$216,666/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.5%
4.5%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$554This listing

vs Other Active Listings

Avg $/sqft

ZIP 99516$307
Anchorage Municipality$251

vs Homes Sold Last Month

Median $/sqft

ZIP 99516$266
Anchorage Municipality$263

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-31Price change$260,000
2026-03-26Listed for sale$1,239,015
2026-03-01Listing removed$260,000
2025-08-15Price change$260,000
2025-03-31Listed for sale$1,041,000
2025-01-01Listing removed$1,041,000
2024-07-25Price change$310,000
2024-04-04Price change$1,041,000
2024-04-02Listed for sale$325,000
2024-01-01Listing removed$325,000
2023-02-08Listed for sale$325,000
2017-12-01Listing removed$149,000
2017-08-12Listed for sale$149,000
2015-06-22Listing removed$150,000
2015-04-13Listed for sale$150,000

New Construction

AgentLiz Steele
BrokerageKeller Williams Realty Alaska Group

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