Glacier City Real Estate News
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1st Quarter MLS Sales Report Jan 1st, 2023 – Mar 31st, 2023 4 homes, 5 condos and 2 vacant land Alaska Multiple Listing Service sales occurred January 1st - March 31st, 2023. Homes - 162 Alpina Way is a new construction home custom built in Cabana Land (also known as Alpine Estates) by Spinell Homes. No pictures of the finished home were provided through MLS so little is known about the floor plan or finishes. Spinell is one of the two largest home builders in the Anchorage area. Inventory in Girdwood, Bird Creek and Indian is extremely low. Partially due to the higher prices of older homes, we should expect to see more new home sales, realizing the majority of vacant land suitable for construction belongs to the Heritage Land Bank/Municipality of Anchorage. 115 Hottentot Mine Road- is 1940’s construction home that was remodeled from the studs out with all new finishes, appliances and upgraded electricity. As is often the case “down valley” homes tend to sell to those wishing to live in Girdwood full time as opposed to second home buyers. The Seller subdivided the original lot spinning off a lot zoned for a duplex. *Hats off to Jeremy Hurst of 49th Star Surveying for his professional assistance with that process. 377 Toadstool Drive- located down valley off the mine roads area is a vintage home built by longtime local carpenter Eddie Genzwell. He also built the original Round House near the top of Mt. Alyeska. Located on a 1/2-acre lot, this property included a small warehouse style building great for owner storage (visible down by the DOT highway yard and near the railroad whistle stop).
225 Sproat Road- sold twice in the last few years and has several upgrades and improvements. These include a large open ground floor, open concept living room and kitchen, views of the mountains and natural light. The former owner nurtured and developed the lawn (a rare sight in Girdwood). These four homes sold for an average of 113% of their original list price after an average of two and a half days on market. Keep in mind that with new home custom construction the percentage of increase over the original list price is tied to the type of finishes and upgrades the Buyer decides on. Condos - 150 Hightower Road #303 (Ski View Condos) located across from the Crow Creek Mercantile in the New Girdwood Townsite is an increasingly popular association. Prices trend lower than condos on the mountain plus there are many advantages to the location including proximity to the Forest Fair, Park, the Mercantile, restaurants, clinic, post office, school and the soon to be built distillery slated for construction on Hightower Road across from the Snow Raven condos. 115, 121, 146 and, 152 Powder Run Lane (Powder Run Condos) are located down valley on Sproat Road. These townhome style condos were built by Moises Gutierrez of MGJ Building Group LLC. The project has a sleek Scandinavian feel to it with simple lines, open spaces, big windows and private two car garages. The final product looks like it will stand up well to Alaskan winters and I am sure most of the Buyers are pleased with their decision to purchase new construction and lock down a price that would have been considerably higher were it available today.
Property Address Girdwood
Last list price
Days on market
Bed/Bath
Res/Lot Sq ft
162 Alpina Way
$733,647
0
4/2.5
2,658/14,179
115 Hottentot Mine Road
$429,500
6
2/1
1,075/10,423
377 Toadstool Drive
$485,000
2
1/1
691/24,000
225 Sproat Road
$675,000
2
3/2
1,800/9,266
150 Hightower Road #303
$325,000
20
1/1
Condo
Powder Run Lane #115
$799,000
55
3/2.5
Condo
Powder Run Lane #121
$799,000
0
3/2.5
Condo
Powder Run Lane #146
$799,000
1
3/2.5
Condo
Powder Run Lane #152
$799,000
7
3/2.5
Condo
60th Edition April 2023
162 Alpina Way *New Construction
115 Hottentot Mine Road
225 Sproat Road
377 Toadstool Drive
150 Hightower Road #303
115, 121, 146 and, 152 Powder Run Lane *New Construction
Glacier City Realty, Inc. • 907-738-1910 • @GlacierCityRealty.com
Sam Daniel, Broker 907-227-4626 • Rebecca Reichlin, Associate Broker 907-441-8125 • Loretta Ortiz-Daniel, Realtor 907-227-4142 • Jackie Collins, Realtor 907-947-0494 • Angela Carswell, Realtor 907-231-6137 • Emily Lewis, Realtor 907-382-0118