Own a year-round successful business from the comfort of your own property! This rare Lower Hillside EQUESTRIAN CENTER features a 7,900-square-foot INDOOR ARENA, allowing you to ride through Alaska's rain, snow and long winters--without hauling your horses or commuting to the Valley.Designed for serious HORSE owners, the turnkey facility includes a 60' x 90' RIDING AREA, 10 matted box stalls,Heated and insulated tack and feed rooms, hot water, hay storage, electricity and a 14-foot powered roll-up door. Trusses are double thickness and 10-foot spacing for enhanced strength under Alaska's wind and snow conditions. A 100' x 150' outdoor arena with fenced shaded lawn, picnic tables low bleachers. 10 turnout corrals, fenced front lawns and a large goat house provide even more flexibility. Wide driveways, two-road access and parking for multiple horse trailers make maneuvering larger rigs easy. Situated on approximately 2.5 acres, the updated 2,304-square-foot home offers four bedrooms, two full bathrooms, two kitchens and two laundry areas--ideal for multigenerational living, barn staff, guests or Airbnb. Remodeled main-level with formal entry, kitchen features quartz countertops, an island with gas range, newer appliances and generous storage. Additional highlights include Anderson windows, waterproof vinyl flooring, recessed LED lighting, a wood-burning stove and a new southern exposure Trex deck. The daylight lower level offers a separate entrance, two bedrooms, a renovated kitchen with granite countertops, a living room, full bathroom and dedicated laundry area. The property also includes storage sheds, a generator, tractor, snowblower and woodchipper. Enjoy a peaceful setting directly across from more than 65 acres of Little Rabbit Creek Bluff Park, yet only minutes from the New Seward Highway, shopping, restaurants and everyday conveniences. This is an exceptional opportunity to enjoy a fully equipped horse property with indoor winter riding--all within Anchorage. Also listed as Business Opportunity on MLS #26-11821
For sale
Price cut: $50K (10/2)
$1,225,000
3741 Ptarmigan Ter, Anchorage, AK 99516
4beds
2,304sqft
Single Family Residence
Built in 1962
2.5 Acres Lot
$1,173,800 Zestimate®
$532/sqft
$-- HOA
What's special
Formal entryWood-burning stovePicnic tablesStorage shedsWide drivewaysRecessed led lightingFenced front lawns
- 56 days
- 660
- 21
Zillow last checked:
Listing updated:
Listed by:
April Slama,
Real Broker Alaska
Source: AKMLS,MLS#: 26-10709
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Unknown
Features
- Has basement: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,304
- Total interior livable area: 2,304 sqft
Property
Parking
- Total spaces: 1
- Parking features: No Garage, Attached Carport, Detached Carport
- Carport spaces: 1
Features
- Waterfront features: None, No Access
Lot
- Size: 2.5 Acres
Details
- Parcel number: 0183321800001
- Zoning: R6
- Zoning description: Suburban Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Unknown - BTV
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Location
- Region: Anchorage
Financial & listing details
- Price per square foot: $532/sqft
- Annual tax amount: $8,385
- Date on market: 8/21/2026
Estimated market value
$1,173,800
$1.12M - $1.23M
$3,335/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2026 | Price change | $1,225,000-3.9%$532/sqft |
Source: | ||
| 9/3/2026 | Listed for sale | $1,275,000$553/sqft |
Source: | ||
| 11/13/2001 | Sold | -- |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Rabbit Creek
Nearby schools
Schools provided by the listing agent
- Elementary: Rabbit Creek
- Middle: Goldenview
- High: South Anchorage
Source: AKMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





