This rare pond-backing walkout in Rainbow Falls is a must see! Featuring 5 bedrooms, theatre room, and panoramic water views, at 3850 sq.ft of space, this executive home blends size, style, and serenity in one of Chestermere’s most sought-after communities. Step inside to a bright and open main level with soaring ceilings, expansive windows framing the water, and a chef-inspired kitchen with granite counters, rich cabinetry, and a large centre island—perfect for family living and entertaining. The living room is anchored by a cozy fireplace, while the dining area opens to a deck overlooking the pond, creating an effortless indoor-outdoor flow. A second formal dining room, front office and sleek butler’s pantry round out the main floor. Upstairs, the spacious primary suite offers breathtaking views, a spa-like ensuite, and a generous walk-in closet, complemented by three additional bedrooms, full bath and incredible media bonus room. The walkout lower level is fully finished with spacious rec room with fireplace, wet bar, two additional bedrooms and full bathroom. Outside, the landscaped yard and covered patio invite year-round enjoyment of the peaceful waterfront setting. With its refined updates, theatre and entertainment spaces, in-floor heated basement, and unbeatable location, this property delivers the lifestyle buyers dream about—whether it’s hosting friends, relaxing by the fire, or watching sunsets over the pond.
garburator, dishwasher, microwave, refrigerator, main floor bar fridge, Thermador gas range, basement bar fridge, basement microwave, bonus room sound system, projector, screen, electronic components in bonus room, primary bedroom tv and mount, window coverings,garage remote(s), doorbell camera
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
13'4"4.06 m × 9'9"2.97 m
Main Floor
Dining Room
12'3.66 m × 11'7"3.53 m
Main Floor
Family Room
16'4.88 m × 12'4"3.76 m
Main Floor
Office
10'11"3.33 m × 10'5"3.18 m
Main Floor
Kitchen
15'10"4.83 m × 10'1"3.07 m
Main Floor
Laundry
9'8"2.95 m × 7'2.13 m
Main Floor
Pantry
5'9"1.75 m × 4'3"1.30 m
Upper Level
Bedroom
12'3.66 m × 11'7"3.53 m
Upper Level
Bedroom
12'3.66 m × 11'10"3.61 m
Upper Level
Bonus Room
19'8"5.99 m × 13'7"4.14 m
Upper Level
Bedroom - Primary
22'6.71 m × 13'3.96 m
Lower Level
Bedroom
13'10"4.22 m × 12'7"3.84 m
Lower Level
Bedroom
14'1"4.29 m × 8'11"2.72 m
Lower Level
Game Room
35'11"10.90 m × 16'4.88 m
Lower Level
Furnace/Utility Room
11'4"3.45 m × 10'11"3.33 m
Floor
Ensuite
Pieces
Other
Main Floor
No
2
Upper Level
No
4
Upper Level
Yes
5
Lower Level
No
3
Title to Land:
Fee Simple
Community Features:
Lake, Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Bar, Built-in Features, Closet Organizers, Double Vanity, Granite Counters, High Ceilings, Jetted Tub, Kitchen Island, No Smoking Home, Pantry, Separate Entrance, Sump Pump(s), Vaulted Ceiling(s), Vinyl Windows, Walk-In Closet(s), Wet Bar
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s), Deck, Front Porch, Patio
Lot Features:
Back Yard, Backs on to Park/Green Space, Creek/River/Stream/Pond, Landscaped, No Neighbours Behind, Pie Shaped Lot, Wetlands
Data was last updated September 1, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
280
Avg list price:
$698,900
Min list price:
$259,900
Max list price:
$4,405,500
Avg days on market:
47
Min days on market:
1
Max days on market:
193
Avg price per sq.ft.:
$356.5
These statistics are generated based on the current listing's property type
and located in
Chestermere. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.