Detached Active

461 Rainbow Falls Way

Chestermere, AB · T1X 1S5

$1,275,000CADPrice reduced $25,000 (was $1,300,000)
  • 5Bedrooms
  • 4Bathrooms
  • 3538Sq Feet
  • Triple Garage AttachedGarage
  • 2006Year Built

About this home

Welcome to one of Rainbow Falls’ most distinguished waterfront residences, where exceptional craftsmanship, luxury finishes, and breathtaking natural beauty come together. Custom built by the renowned Alanridge and Jager teams, this remarkable estate is perfectly positioned on a west-facing walkout lot overlooking Rainbow Falls Pond, offering spectacular sunset views and an unparalleled lifestyle. From the moment you arrive, the home impresses with its stately curb appeal, exposed aggregate driveway, and oversized triple attached garage. Inside, a grand foyer showcases soaring ceilings, custom tile inlays, rich maple hardwood flooring, and a stunning open-tread curved staircase. Designed for both entertaining and everyday living, the chef-inspired kitchen features dual wall ovens, a professional gas range, an oversized island, full-height shaker cabinetry, and an elegant chimney-style hood fan. The kitchen flows seamlessly into the expansive great room, where custom built-ins, a gas fireplace, and floor-to-ceiling windows frame uninterrupted pond views. The upper deck offers the perfect vantage point to enjoy the spectacular sunsets reflected across the water. The main level also includes a refined dining room with custom detailing and a concealed Murphy bed for added versatility, a dedicated executive office, and a spacious mudroom featuring an impressive designer shoe closet. Upstairs, the luxurious primary retreat overlooks the pond and features a spa-inspired ensuite with a BainUltra soaker tub, custom walk-in shower, and expansive dressing room. Two additional bedrooms, a laundry room, and a substantial recreation and games room added above the garage in 2022 provide exceptional space for family living and entertaining. Complete with a pool table, dry bar, and wine fridge, this flexible retreat is ideal for gatherings, recreation, or media enjoyment. The fully finished walkout level is designed for entertaining, featuring a custom bar, media area, and recent upgrades that create a private in-law or guest retreat with two additional bedrooms, renovated bathroom, and dedicated laundry facilities. Comfort is ensured year-round with basement radiant in-floor heating, dual furnaces, central air conditioning, and a high-efficiency boiler system providing endless hot water. Outside, the professionally landscaped grounds feature underground irrigation, decorative rockwork, premium artificial turf, permanent Gemstone lighting, and a premium SUNCOAST screened room that extends outdoor enjoyment throughout the seasons. Offering exceptional craftsmanship, extensive upgrades, a fully developed walkout design, and stunning west-facing pond views, this is a rare opportunity to own one of Rainbow Falls’ premier waterfront properties.

Highlights

  • Air Conditioning
  • Attached Garage
  • Central Ac
  • Curb Appeal
  • Deck
  • Dressing Room
  • Ensuite
  • Finished Basement
  • Fireplace
  • Gas Fireplace
  • Hardwood Floors
  • In Floor Heating
  • Lake View
  • Primary Retreat
  • Professionally Landscaped
  • Rainbow Falls
  • Recently Updated
  • Renovated
  • Soaker Tub
  • Spa Ensuite
  • Walk In Shower
  • West Facing

What's nearby

  • Park
  • Pharmacy
  • Playground
  • Restaurant

Property facts

Interior

Bedrooms
5
Bathrooms
4
Square Feet
3,538
Flooring
Carpet, Ceramic Tile, Hardwood, Vinyl Plank
Basement
Full · Finished
Heating
In Floor, Forced Air
Cooling
Central Air

Building

Property Type
Detached
Structure
House
Style
2 Storey
Year Built
2006
Garage
Triple Garage Attached

Lot & Zoning

Lot Size
0.16
Zoning
R-1

Condo & Fees

Restrictions
Utility Right Of Way

Location

Community
Rainbow Falls
City
Chestermere
Postal Code
T1X 1S5

Listing

MLS® Number
A2319738
Days on Market
17
Price per Sq Ft
$360/sqft
Taxes
$6,254.51 (2025)

Location

461 Rainbow Falls Way, Chestermere, AB · T1X 1S5