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10 days on Market

461 Rainbow Falls Way, Chestermere, Alberta T1X 1S5

Detached
3 + 2
4 + 1
~3537.77 sqft
$1,300,000
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Detached
3 + 2
4 + 1
~3537.77 sqft

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Highlights

Property Estimate

Days on market10 days

Estimated valueNot available

Price/Sqft$367/sqft

Monthly cost

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Description

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.


Upcoming Open House

Jun 28Sun1:00 PM - 3:00 PM

Property Details

Style2 Storey
View-
Age of property2006
SqFt~3537.77 SqFt
Lot Size-
Parking Spaces3
MLS ®NumberA2319738
Community NameRainbow Falls
Data SourcePILLAR 9
Listing byCIR Realty

Features

Heating: In Floor,Forced Air
Central Vacuum
Cooling: Central Air
Basement: Full,Finished,Walk Out

Main Floor

2pc Bathroom

7`2" x 5`2"

Dining Room

10`11" x 20`5"

Family Room

11`1" x 14`1"

Foyer

8`9" x 17`7"


Features

Patio: Deck,Patio,Screened

Parking

Garage spaces 3

Garage type -

Other parking spaces 0

Total parking spaces 3


Property History

Jun 18, 2026
ListedActive
$1,300,000
10 days on market
history photo preview50
Listing by pillar 9®
Property listed by CIR Realty, Brokerage
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Market Data - Rainbow Falls

Geo Zone Map ThumbnailRainbow Falls

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

28 days

Compared to

2025

25 days

2024

20 days

2023

18 days

New Listings

Past 30 days

7 listings

Compared to

2025

4 listings

2024

5 listings

2023

4 listings

Units sold

Past 30 days

2 units

Compared to

2025

5 units

2024

11 units

2023

5 units

Median Sold Price

Past 30 days

$835,000

Compared to

2025

$870,000

2024

$741,000

2023

$679,400


Population and Demographics

Overview

Total population 1592
Average household income $154,950

Age (%)

0 to 19
32%
20 to 34
15%
35 to 49
29%
50 to 64
16%
65 and plus
9%

Household composition (%)

Single family
83%
Single person
12%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
79%
Punjabi (Panjabi)
6%
Vietnamese
3%
Others
2%
Tagalog (Pilipino, Filipino)
2%
Arabic
2%
Spanish
2%

House tenancy (%)

Owners
90%
Renters
10%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget