Discover a rare Anchorage Lower Hillside horse property on 2.5 acres. Updated 2304 SF Home with 4 beds, 2 baths, 2 kitchens& 2 laundry areas. Approx 7,900 sq ft indoor barn/arena accommodates up to 10 horses with box stalls and heated tack/feed rooms. Outdoor arena, corrals, &goat house. Across from 65+ acres of Little Rabbit Creek Bluff Park.3741 Ptarmigan Terrace For 25 years, I have called this property my home. From its humble beginning as an abandoned fixer-upper, sweat equity of several people, to the realization of my childhood horse crazy dream. It has been a work in progress, and likely will continue to be. I hope you can share my vision. Property Features: " 2 minutes from New Seward Highway (south) 5 minutes from grocery, restaurants and shopping centers. " Fully equipped, turnkey horse facilities with indoor riding, no valley commute. " Two road access to the property. (Loc Loman or Ptarmigan Terrace) " Adjacent to Little Rabbit Creek Bluff Park, 65+ acres of wooded Parkland trails, which will never be developed. " Fenced grass lawns in front and behind the house. The back yard overlooks the outdoor riding arena with low bleachers, shade trees, and picnic tables. " Septic system has a brand new pump, 2 leach fields, one which has never been used. " One large and one medium size storage sheds. Ex large goat house (or storage) with feed room, large living space with 8' tall chainlink outside run, milk room with 2 milking stands, electric outlets, loft for more storage. All have newer shingle roofs by Earhart Roofing Co. " Power station has outlets for 10 heated water troughs, hook-ups for 2 generators (house and barn). One generator included with the property. 500 gallon storage tank. " Water line from house to the barn is buried 15 feet deep, has never frozen if heat tape at the outside hydrant is plugged in. " Driveways wide enough to accommodate big rigs. Ample parking for 4-5 horse trailers. Equestrian Center " 72' x 110' fabric Cover-All brand indoor arena/barn, Erected 2008. Building is engineered with a concrete perimeter footing and mantaray anchors. Abundant natural light. " Trusses are double thickness with 10' centers instead of the standard 12' centers, to withstand high winds and heavy snow loads. Snow slides off the sides of the building. " 10 box stalls with permanent rubber mats, white PVC lined stall walls to prevent kick damage and wood chewing. " Insulated/heated feed room with water heater, low industrial sink, rubber matting, feed storage bins, shelving, microwave oven, feed prep table, dry erase boards, barn cat station (rodent control staff included = ). Sink has an automatic sump pump, to direct ground water from under the building to a French drain on the north and west sides of the building. " Insulated/heated tack room with western and english saddle racks, saddle blanket rack, bridle hooks, girth/breast collar hooks, helmet hooks. Rear entry door with deadbolt lock. " Hay storage area with pallets and hay bag hooks. " 60' x 90' riding area with washed, crushed rock sand footing. Hooks for lunge lines and a whip holder. Each stall has halter hook, winter blanket rack, collapsing saddle rack on outside wall. 14' industrial roll up power door. Front man door. " Portable toilet maintained by Rent-A-Can Extras: MOA approved compost area. 3 snow push areas. Very quiet neighborhood. Listen for distant Alaska Railroad trains! Occasional pop pop pop from the shooting range Outdoor Equipment Included: " Generator " Jinma brand tractor " Snow blower " Wood chipper Front Yard: " Well head of very productive and high quality water supply. " Beautiful brand new formal front entrance with elegant etched glass door. " Brand new southern exposure Trex deck for entertaining (just add your favorite gas grill and outdoor furniture!). " Peaceful views of Adjacent parkland, no neighbor houses. " Lightly fenced. Raised beds for gardening and hexagonal flower planter with perennial lilly bulbs. Colorful trees, mock orange flowering bush. Upstairs of Home: " Brand new kitchen with quartz counter tops, never used dishwasher, gently used large capacity refrigerator. " Island with brand new gas stove, vent hood, high top bar. " New Anderson windows, bay window in Kitchen, sliding glass door in living leads to deck. " New Vinyl waterproof flooring throughout. Tons of storage. " LED recessed lighting in kitchen and living room. " Living room features a classic wood burning stove, mantle and hearth. " Full bath with Jetted tub, stack washer/dryer. " Huge bedrooms. Big closets with organizers. Modern ceiling lights in rooms and hallway have a nightlight feature. Daylight Basement: " Designed as a Mother In Law space with separate entry, large coat closet, interior stairway to main level. " 2 large bedrooms, big closets with organizers. " Renovated full kitchen with Granite countertops, gently used stainless electric stove, side-by-side refrigerator, microwave, pantry cabinets. " Living room and full bath. Ceiling in living area was damaged by the recent earthquakes. There is no other damage that we know of. " Full laundry with large capacity front load washer/dryer. " Vinyl waterproof flooring, recessed LED lighting and Anderson windows throughout. " Heavy-duty boiler with a side-arm water heater, for abundant flow to baseboards, showers and sinks of both floors. " Optional large capacity stand up freezer. In conclusion: We planned well for the property to stay ahead of problems and disasters of all kinds, as we have had a few! It gives us great comfort to know that the next owner will be able to enjoy what we built here. It is a wonderful place to live, play and work...a slice of heaven on earth.
Coming soon
$1,275,000
3741 Ptarmigan Ter, Anchorage, AK 99516
4beds
2,304sqft
Single Family Residence
Built in 1962
2.5 Acres Lot
$642,900 Zestimate®
$553/sqft
$-- HOA
What's special
- 10 days
- 581
- 16
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: $553/sqft
- Annual tax amount: $8,385
- Date on market: 8/21/2026
Estimated market value
$642,900
$566,000 - $726,000
$3,411/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2001 | Sold | -- |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
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.





