Luxury estate in Old Turnagain! On 3 lots totaling 0.59 acres, this grand home is nestled between Illiamna Park and Lyn Ary Park, steps from the Coastal Trail and beach access, and just minutes from Midtown, Downtown, and the airport. Exceptional craftsmanship and design throughout: every detail of the innovative layout maximizes the grandeur of spaces and the comforts of a beautiful home.The home's three floors define three distinct spaces. The entire central floor, accessible without stairs from ground-level and from the large 3-car garage, is dedicated to an extensive primary suite, boasting a large separate office, laundry, and a glorious bathroom featuring a tiled walk-in shower and full-sized hot tub. For those desiring more separate spaces, the office presents the opportunity for conversion into a separate, smaller bedroom with private bath. This floor also provides direct access to the garage, as well as a powder room.

A grand staircase leads to the open-plan upper floor. Soaring ceilings, a large antique fireplace, and a full wall of clerestory windows create a magnificent space for entertaining and relaxing. Views lead out to the unusually large and private landscaped yard, with peek-a-boo glimpses of the inlet, ocean, and distant mountains in both directions. A central powder room with gorgeous, striking black tile and ornate brass fixtures creates a subtle division of the otherwise open and connected living/dining/kitchen area into distinct spaces, allowing for both separation and connection. The chef's kitchen, replete with windows and a breakfast nook with Chugach views, boasts design reminiscent of the Art Deco style, with complementary black/white surfaces, granite countertops that accentuate the overall aesthetic, and double ovens plus a microwave/warming drawer. Decks lead off over the gently sloping back lot to provide outdoor enjoyment for the summer.

The lower level provides two more bedrooms and a separate full kitchen and family room, ideal for multi-generational families, or for guests to enjoy a real sense of their own space. A large, tiled arctic entry leads to the backyard, and a dumbwaiter is ready to move items up and down between floors. Both the upper and lower levels have their own washer/dryers. This floor also presents the possibility of creating an additional bedroom, simply by adding a wall in the family room.

Built in 1970, this magnificent property has been carefully updated and maintained throughout its life, including substantial new systems in the past two years. A new boiler provides baseboard heat for the lower floor, while the rest of the house is heated by two new furnaces. A whole-house humidifier and air conditioning complete the package, providing comfort and reliability for any variation of Alaskan climate. Recent window replacements and roof repair have been attended to as well.

The 0.59 acre property is technically three lots. The side yard, abutting Illiamna Park, provides a beautiful and expansive opening onto the cul-de-sac, yet is a building lot and thus could be sold in the future. The lower back lot, also landscaped, creates privacy and a sense of two distinct and attractive outdoor spaces. Lyn Ary Park, with tennis courts, playground, and ballfield, is just two doors down the street, and connects directly to the Coastal Trail and beach access, right around the corner a few minutes walk away.

Look beyond the cookie-cutter 'luxury' houses available in our market, and envision your life in a truly distinctive home. Surround yourself with intentional, innovative design that makes a statement and holds a sense of time. Come home to a true urban estate, with spectacular privacy and outdoor spaces, but minimal commute or errand time. Walk to parks, and to the beach and Coastal Trail. Live in a real neighborhood. Welcome to 3327 Illiamna Avenue, in Old Turnagain, Anchorage.