Welcome to 123 Magnolia Square SE. This beautifully maintained, fully developed 4-bedroom, 3.5-bathroom home in Mahogany is ideally located just steps from the Royal Blue Park and a short walk to the main beach. Offering over 2,350 sq. ft. of developed living space, this home features a rare front porch elevation, allowing you to enjoy sun exposure at both the front and rear of the property. The main floor showcases luxury vinyl plank flooring and a beautifully upgraded kitchen complete with 42" upper cabinets, quartz countertops, a large central island, full-height subway tile backsplash, and stainless steel appliances, including a gas range, hood fan, and built-in microwave. A large window above the sink fills the space with natural light and offers the perfect vantage point to watch the kids play in the backyard while preparing meals. The dining area comfortably seats 8, making it ideal for both everyday living and entertaining. Upstairs, the spacious primary suite features a 5-piece ensuite with dual sinks, a soaker tub, and a separate shower. Two additional well-sized bedrooms, a 4-piece main bath, and a convenient upper-floor laundry room with ample storage and countertop space complete this level. The fully developed lower level offers a generous rec room currently set up as a theatre space, a fourth bedroom with a walk-in closet, a 4-piece bathroom, and two separate storage rooms. Additional highlights include central A/C, an 8? foundation, paved back lane, BBQ gas line, rear double parking pad, and a fully landscaped and fenced yard. Located in Calgary?s premier four-season lake community, Mahogany offers an unmatched lifestyle with year-round access to the private lake, beaches, skating, paddleboarding, tennis courts, pathways, playgrounds, and community events. Residents also enjoy incredible amenities nearby, including schools, shopping, restaurants, cafés, fitness studios, grocery stores, and quick access to both Stoney Trail and Deerfoot Trail, making everyday living as convenient as it is enjoyable! Book your showing today!