Unveiling a masterfully crafted home in the heart of Calgary's prestigious lake community - step into the allure of 489 Mahogany Manor SE, a jewel nestled within the exclusive Estate area of "Waters at Mahogany." Your gateway to luxury living includes coveted private lake access. This exceptional 2-storey home with 2640 sq ft of developed living space effortlessly merges sophistication with practicality. As you step through the open entryway, you are graced by a beautifully updated chandelier, setting the tone for refined living. The dining room doubles as a versatile office space, seamlessly transitioning from work to relaxation. The living area embraces comfort with a gas fireplace, crafting the ideal cozy atmosphere. Moving forward, you'll discover the heart of the home - the gourmet kitchen adorned with granite countertops, a sprawling island, built in microwave, oven, gas stove top, and a convenient walk through pantry leading to the mudroom and double garage entry. The kitchen's dining area, featuring hardwood floors, is bathed in natural light from the expansive windows that overlook the rare Southwest facing backyard. Thoughtful landscaping frames this outdoor oasis, complete with a charming outdoor fireplace - an idyllic backdrop for creating cherished memories, stone patio AND durable composite deck! Perfect for inviting friends and family over to enjoy nice weather - alternatively, it offers a cozy retreat during colder seasons, allowing you to gather by the outdoor fireplace, roast marshmallows, and forge enduring memories in any season. Ascend to the upper level, where a spacious bonus room awaits, along with a generously sized laundry room. The primary suite is a sanctuary of luxury, boasting a three-sided fireplace, a jetted soaker tub, glass shower, his/her vanities and his/her walk-in closets with a full length mirror. On the upper level you will also find two additional bedrooms and full bathroom. An unfinished basement brimming with renovation potential offers you the freedom to enhance and add value according to your personal preferences. And let's not forget the AC and not one but two furnaces! Come check out this one of a kind property today!