Mahogany · Calgary, AB
Mahogany Homes for Sale
Calgary's largest lake community, developed by Hopewell Residential around a 63-acre freshwater lake with two private beaches and a Beach Club, carrying the widest price range in the southeast.
The "Lakefront $1M+" filter match on wording in the listing itself, so what they return depends on how each listing agent described the property. Treat them as a shortcut, not a complete list.
Compiled by Raj Bhopla, eXp Realty. The grid below is live from the Calgary MLS and refreshes daily.
$389,900
1802 Mahogany BLVD SE #8212, Calgary, AB T3M 4A5
Listed by RE/MAX First
$754,900
2231 Mahogany BLVD SE #603, Calgary, AB T3M2Z3
Listed by The Real Estate District
$359,900
11 Mahogany ROW SE #1410, Calgary, AB T3M 2L6
Listed by Century 21 Bamber Realty LTD.
$525,000
140 Mahogany ST SE #402, Calgary, AB T3M 2R2
Listed by RE/MAX Landan Real Estate
$529,900
427 Mahogany BLVD SE, Calgary, AB T3M 1Z5
Listed by Royal LePage Benchmark
$499,900
97 Marine DR SE, Calgary, AB T3M1V9
Listed by TREC The Real Estate Company
$799,000
29 Mahogany VW SE, Calgary, AB T3M 0T3
Listed by Royal LePage Solutions
$679,900
349 Masters RD SE, Calgary, AB T3M 2B6
Listed by Jayman Realty Inc.
$618,000
60 Mahogany GRV SE, Calgary, AB T3M 1W9
Listed by Jayman Realty Inc.
$929,900
66 Masters Villas SE, Calgary, AB T3M 2N4
Listed by Jayman Realty Inc.
$1,599,900
94 Mahogany CV SE, Calgary, AB T3M 2S5
Listed by TREC The Real Estate Company
$349,900
1802 Mahogany BLVD SE #6411, Calgary, AB T3M 4A5
Listed by RE/MAX First
explore listings near Mahogany
How to read the Mahogany grid
Mahogany is not one market but several running in parallel, from apartment condos through to lakefront estates. That makes the Type filter and then the price bands the only sensible way in. Where a home sits relative to the water changes its price more than its floor plan does.
The grid above is live from the Calgary MLS and refreshes daily. This page carries no dated listing count of its own yet, so rather than quote a number that would be wrong by the time you read it, read the count off the grid.
For the full picture of the area, its schools and Raj's builder's-eye notes, read the Mahogany guide.
What moves price inside Mahogany
The price filters above divide this grid into under $500K and $500K–$1M. Two listings inside one of those bands, at the same asking price, are often not the same purchase at all. These are the factors that separate them here, and the ones Raj prices before comparing anything.
Lakefront, lake view and lake adjacent
Three separate markets that do not move together and do not share comparables. Knowing where the break points sit is the difference between paying a fair view premium and paying for a view you can see from one window.
Which part of Mahogany
The established core around the lake and Mahogany Village Market feels finished. Westman Village is denser and condo-weighted with its own amenity building, so buyers there are paying for two amenity layers. The later phases are still filling in.
The residents association fee
A lake community means an annual fee on top of everything else, and in Westman Village a second amenity cost above that. Confirm the current amounts before comparing Mahogany against a non-lake community.
What Raj checks first in a Mahogany home
Mahogany was established in 2007 and is still adding phases, so its oldest streets and its newest are a different purchase entirely. The list below is what a builder's eye looks for in this kind of stock. None of it means a given home has a problem, and all of it is worth asking about before you write.
- Where in the build-out the home sits
A community built over fifteen years is not one product. The earliest phases can carry poly-B supply plumbing and are now at their first roof and furnace replacement; the last phases are a decade newer with a different spec entirely. Confirm the actual year built rather than the community's.
- Grading, drainage and the back of the lot
Settlement against the foundation, negative grade at side yards and a deck or patio built over the original swale are the common items here. Walk the perimeter before you walk the kitchen.
- Attic insulation against today's expectation
Homes of this period were insulated to the code of the day, which is below current practice. It is a cheap improvement and a fair negotiating point, but it should not be a surprise on the first winter bill.
- Radon, because Alberta measures high
Health Canada's guideline is 200 Bq/m3. The radon rough-in requirement in the Alberta Building Code came later than this stock, so a long-term test is worth doing.
Build-era guidance, not a property condition report. Every item here should be confirmed for the specific address by a licensed home inspector and, where relevant, by the appropriate trade. Alberta new-home warranty coverage is set out in the New Home Buyer Protection Act; radon guidance is Health Canada's, at 200 Bq/m3.
Compare nearby Southeast communities
These sit closest to Mahogany and are the ones buyers most often shortlist against it. Reading two or three side by side is the fastest way to work out what you are actually paying for here.
Auburn Bay
A mid-sized lake community that sits closest to South Health Campus. More settled than Mahogany, newer than Chaparral.
Chaparral
The oldest of the southeast lake communities, with larger lots and grown-in trees rather than a new amenity build-out.
Seton
The southeast urban district: South Health Campus, the YMCA and a walkable Market Street, weighted toward attached housing.
Legacy
A non-lake family community built around roughly 300 acres of protected ravine. Value, without an amenity fee attached.
Walden
Wetlands, ponds and a pathway link into Fish Creek Provincial Park, at one of the more affordable family entry points.
Wolf Willow
Bow River frontage and golf-course lots, for buyers who want water access without a private-lake fee.
Rangeview
Calgary's garden-to-table community concept, with edible landscaping and orchards in place of a lake.
Cranston
Bow River escarpment living with the widest range in the southeast, from condos up to the Riverstone estates.
Looking wider? All of Southeast Calgary lists every community in the quadrant with its own page.
Mahogany listings, common questions
Is the Mahogany lake premium worth it?
It depends entirely on usage. The premium over comparable product in a non-lake community nearby is real and it holds at resale, but it holds because the next buyer wants the lake too. A household that uses the lake weekly through summer is buying something. A household that liked the idea is carrying a higher price and an annual fee for an amenity that sits idle.
Mahogany or Auburn Bay?
Mahogany has the larger lake, the newer amenity build-out and a wider price range. Auburn Bay is more settled, sits closer to South Health Campus, and generally prices under Mahogany for comparable detached. Both are worth touring on the same day if the lake is the point.
Can non-residents use the Mahogany lake?
No. The lake and the Beach Club are private to Mahogany residents and their registered guests, which is part of what holds the premium and part of what the annual fee pays for.
How often is this listings grid updated?
The grid above pulls active listings directly from the Calgary MLS and refreshes daily, so what you see reflects the current market rather than a static list. Any count quoted in the text on this page is dated, because counts move daily.
How do I filter these homes by price?
Use the Price row at the top of the page. The bands are set to this page's own range rather than a citywide one, so they split the actual market here rather than an average of Calgary. Each band reloads the grid and drops you at the results.
Can Raj help me see a home in Mahogany?
Yes. When a listing is worth a closer look, Raj reads it with a builder's eye first, for layout, condition and renovation scope, then walks it with you so you understand what you are buying before you write an offer.
Who is reading these listings with you
Raj Bhopla
eXp Realty · A Calgary Realtor With a Builder's Eye
Raj Bhopla is a Calgary real estate professional who pairs local market guidance with a practical builder's eye. With more than a decade in home building and construction, he reads a home for layout, condition, renovation potential and long-term resale value, not just cosmetic finishes.
In Mahogany that means reading late 1990s and 2000s stock on its own terms, and pricing the lot, the position and the year built before the finishes. The section above sets out what he checks first.
The Complete Mahogany Guide
Daily life, schools, commute and amenities, Raj's builder's-eye notes on late 1990s and 2000s stock, and the comparisons this page only has room to name.
Thinking About Mahogany?
Browse the listings above, or send Raj the ones you are watching. He will tell you what the photos do not, from construction quality to renovation scope to whether the price fits the street. No pressure, no commitment.
Related Southeast Calgary resources
Raj Bhopla · eXp Realty · Licence CBHOPLRA
+1 (403) 399-5878 · raghav.bhopla@exprealty.com · bhopla.com
1816 Crowchild Trail NW, Calgary, AB T2M 3Y7
Equal Housing Opportunity. Raj Bhopla, eXp Realty. Housing opportunities are offered without regard to race, colour, religion, gender, sexual orientation, disability, family status, national origin, or any other protected ground.
Listing data is deemed reliable but not guaranteed and refreshes from the Calgary MLS. No price, fee or median figure on this page is asserted as current; confirm all amounts before you rely on them. Page last built: 2026-09-10. © 2026 Raj Bhopla · eXp Realty
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