Calgary Real Estate Geek
Home Communities Rainbow Falls 461 Rainbow Falls Way
$1,275,000 Active
461 Rainbow Falls Way · Chestermere · T1X 1S5
5 bd 4.0 ba 3,538 sqft $360/sqft Built 2006
MLS® A2319738 · Listed Jun 18, 2026
Listed by CIR Realty — Brenda Coulter
By the numbers

How this listing measures up

$/sqft $360
vs Rainbow Falls median +87% community avg $682K
Sqft per bedroom 708
Year built 2006
Annual taxes $6,255 2025
Garage 3 spaces
$/sqft distribution

Where this listing sits in Rainbow Falls

Of 30 active residential listings in Rainbow Falls, this property at $360/sqft sits in the $350–400 range.
$200–$250/sqft · 2 listings $250–$300/sqft · 11 listings $300–$350/sqft · 10 listings $350–$400/sqft · 3 listings $400–$450/sqft · 1 listing $450–$500/sqft · 0 listings $500–$550/sqft · 2 listings $550–$600/sqft · 1 listing $200 $250 $300 $350 $400 $450 $500 $550 $600 This · $360
Other active listings This listing's price range This listing

About this property

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.

Property details

Bedrooms5
Bathrooms4.0
Style2 Storey
HeatingIn Floor,Forced Air
CoolingCentral Air
FlooringCarpet,Ceramic Tile,Hardwood,Vinyl Plank
LevelsTwo
BasementFull
Basement developmentFinished
Interior featuresBookcases,Built-in Features,Ceiling Fan(s),Central Vacuum,Closet Organizers,Crown Molding,Double Vanity,French Door,Granite Counters,High Ceilings,Jetted Tub,Kitchen Island,No Smoking Home,Open Floorplan,Pantry,Recessed Lighting,Soaking Tub,Storage,Sump Pump(s),Tankless Hot Water,Vaulted Ceiling(s),Walk-In Closet(s),Wet Bar,Wired for Data,Wired for Sound
AppliancesBar Fridge,Central Air Conditioner,Dishwasher,Double Oven,Dryer,Freezer,Garage Control(s),Garburator,Gas Cooktop,Humidifier,Microwave,Range Hood,Refrigerator,Tankless Water Heater,Washer,Washer/Dryer,Window Coverings,Wine Refrigerator
Inclusionsbasement Dishwasher, Refrigerator in basement, Window Coverings: custom blinds, garage cabinets, garage shelving and sink, hot tub, Pool Table and accessories, Brunswick pool table charis (2), mounted tv in basement including sound system components. sonos and built-in ceiling speakers, TV and home theatre system with built-in speakers (in rec room - pub), Black out blinds in bonus room, all the office furniture (except (2) office chairs): desk, file cabinet and printer table, wall mounted cabinets. Murphy bed in main floor flex room, Shelves and lighting on murphy bed.
LaundryLaundry Room,Sink,Upper Level
Lot size6824.00 sqft
Frontage68.9 ft
Lot featuresBack Yard,Creek/River/Stream/Pond,Fruit Trees/Shrub(s),Landscaped,Low Maintenance Landscape,No Back Lane,No Neighbours Behind,Underground Sprinklers
Exterior featuresBBQ gas line,Garden,Storage
FencingFenced
PatioDeck,Patio,Screened
Year built2006
Construction materialsStone,Stucco,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresTriple Garage Attached
Garage spaces3
Parking total3
Annual taxes$6,255
Tax year2025
PossessionNegotiable
ZoningR-1
TitleFee Simple
RestrictionsUtility Right Of Way
NeighbourhoodRainbow Falls
Community featuresLake,Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks
List AORCalgary

Location

Sold comparables in Rainbow Falls

22 recent sales in Rainbow Falls

VOW members see sold prices, sold dates, and full comparable details. Free registration; takes 30 seconds.

Sign up to see sold data

About Rainbow Falls

AI-generated summary

Rainbow Falls is a family-oriented lakeside community in Chestermere with a relaxed, suburban feel centred around scenic pond and pathway systems.

31 active listings with an average list price of $674,690
Homes are averaging 38 days on market, suggesting a measured pace of sales
Located just east of Calgary's city limits within the City of Chestermere
Housing
Predominantly detached single-family homes with some townhomes, many featuring larger lots typical of east Calgary's suburban developments.
Transit
Car-dependent with limited transit options; proximity to 17th Avenue SE and Stoney Trail supports easy commuting by vehicle.
Amenities
Residents enjoy nearby Chestermere Lake, local shops along Rainbow Road, and convenient access to East Hills Shopping Centre for major retail.
Who lives here
Primarily young and established families drawn by larger homes, good schools, and an outdoor lifestyle near the water.
Full Rainbow Falls 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.

Browse Calgary homes by feature

Heritage & Character Homes New Construction Homes Character Homes Homes Near C-Train Legal Suite Homes Backing Onto Park EV Charging Homes Hot Tub Homes River Homes Walkout Basements Luxury Homes Triple Car Garage Just Listed

Similar listings in Rainbow Falls

Listed by: CIR Realty — Brenda Coulter.