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Home Communities Mahogany 288 Magnolia Crescent SE
$985,000 Sold
288 Magnolia Crescent SE · Calgary · T3M 3T3
7 bd 4.0 ba 2,740 sqft $359/sqft Built 2024
MLS® A2299275 · Listed Apr 15, 2026
Listed by Real Broker — Dusko Sremac, Roni Etin
By the numbers

How this listing measures up

$/sqft $359
vs Mahogany median +33% community avg $741K
Sqft per bedroom 391
Year built 2024
Annual taxes $5,265 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Mahogany

Of 152 active residential listings in Mahogany, this property at $359/sqft sits in the $350–400 range.
$250–$300/sqft · 1 listing $300–$350/sqft · 23 listings $350–$400/sqft · 47 listings $400–$450/sqft · 32 listings $450–$500/sqft · 15 listings $500–$550/sqft · 6 listings $550–$600/sqft · 2 listings $600–$650/sqft · 2 listings $650–$700/sqft · 10 listings $700–$750/sqft · 3 listings $750–$800/sqft · 2 listings $800–$850/sqft · 2 listings $850–$900/sqft · 2 listings $900–$950/sqft · 1 listing $950–$1000/sqft · 0 listings $1000–$1050/sqft · 2 listings $1050–$1100/sqft · 0 listings $1100–$1150/sqft · 1 listing $1150–$1200/sqft · 0 listings $1200–$1250/sqft · 0 listings $1250–$1300/sqft · 0 listings $1300–$1350/sqft · 0 listings $1350–$1400/sqft · 0 listings $1400–$1450/sqft · 1 listing $250 $350 $450 $550 $650 $750 $850 $950 $1050 $1150 $1250 $1350 $1450 This · $359
Other active listings This listing's price range This listing

About this property

Welcome to this exceptional 2024 built luxury home by Excel Homes, located in the prestigious lake community of Mahogany. Offering over 2,500 SQFT of refined living space and a total of 7 bedrooms, this home is a rare opportunity for those seeking both elevated living and strong investment potential. From the moment you enter, the quality is unmistakable. This residence features over $200,000 in professionally selected upgrades, thoughtfully designed to enhance both style and functionality throughout. The main and upper levels showcase upgraded luxury flooring, 9 foot ceilings, and an expansive open concept layout filled with natural light. The chef inspired kitchen is upgraded with extended cabinetry, enhanced layout design, and premium finishes, seamlessly flowing into the main living and dining areas, perfect for both everyday living and upscale entertaining. Additional high end features include custom interior railings with metal spindles, a black farmhouse lighting package, upgraded fixtures throughout, and enlarged windows with an upgraded patio door, creating a bright and inviting atmosphere across the home. The upper level continues to impress with spacious bedrooms and a luxury primary ensuite featuring upgraded tile work, a fully tiled shower, and refined finishes that create a true retreat. A standout feature of this property is the fully legal basement suite with 2 bedroom, 1 bathroom, professionally built by the builder, complete with a separate entrance, dedicated mechanical systems, and full kitchen and laundry. This space is ideal for generating rental income, accommodating extended family, or maximizing long term value. Further enhancements include upgraded ceiling heights, architectural customization, and a functional layout designed for modern living. Situated in Mahogany, residents enjoy access to Calgary’s premier lake lifestyle, including private beaches, year round activities, extensive pathways, parks, and top tier amenities. This is more than just a home, it is a fully upgraded, income generating luxury property in one of Calgary’s most desirable communities.

Property details

Bedrooms7
Bathrooms4.0
Style2 Storey
HeatingForced Air
CoolingCentral Air
FlooringCarpet,Ceramic Tile,Hardwood,Vinyl Plank
LevelsTwo
BasementFull
Basement developmentFinished
Interior featuresDouble Vanity,Kitchen Island,Open Floorplan,Pantry,See Remarks,Soaking Tub,Walk-In Closet(s)
AppliancesBuilt-In Oven,Central Air Conditioner,Dishwasher,Dryer,Electric Cooktop,Microwave,Refrigerator,Washer
InclusionsAll Light fixtures and Blinds, Hood Fan, Basement: Refrigerator, Dishwasher, Washer/Dryer Stacked, Microwave, Electric Stove
LaundryMultiple Locations
Lot size5231.00 sqft
Frontage46.03 ft
Lot featuresBack Yard
Exterior featuresPrivate Yard
FencingPartial
PatioDeck,See Remarks
Year built2024
Construction materialsMixed
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDouble Garage Attached
Garage spaces2
Parking total4
Annual taxes$5,265
Tax year2025
PossessionNegotiable
ZoningR-G
TitleFee Simple
RestrictionsRestrictive Covenant,Utility Right Of Way
NeighbourhoodMahogany
Community featuresPark,Playground,Schools Nearby,Shopping Nearby
List AORCalgary

Location

Sold comparables in Mahogany

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About Mahogany

AI-generated summary

Calgary's largest lake community offers a resort-style lifestyle centred around a private beach club and crystal-clear lake, blending suburban comfort with recreational living. It consistently ranks among Calgary's most sought-after newer communities.

Mahogany Lake is the largest private residential lake in Calgary
The community is master-planned by Hopewell Residential
Residents enjoy year-round lake activities including swimming in summer and skating in winter
Housing
Predominantly single-family detached homes, semi-detached, and townhomes built largely from the 2010s onward, with a growing selection of lake-front and lake-access properties across multiple price points.
Transit
Served by Calgary Transit bus routes with the 69 Street CTrain station reachable via connecting service; the community is car-dependent for most daily errands.
Amenities
Mahogany Village Market provides groceries, dining, and retail on-site, while the residents-only beach club features a splash park, fire pits, and year-round lake access for swimming and skating.
Who lives here
Primarily young families and professionals attracted by the lake lifestyle, newer construction, and strong sense of community in Calgary's southeast.
Full Mahogany community profile →

This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.

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Listed by: Real Broker — Dusko Sremac, Roni Etin.