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Mahogany is a lake community in Calgary's far southeast, developed by Hopewell Residential since the early 2010s. It's built around Mahogany Lake, a 63-acre freshwater lake with more than 21 acres of private beach for residents.
You can buy anything from a condo or townhome to an estate home on the water. The Mahogany Beach Club gives residents 22,000 square feet of space for things like paddle boarding in summer and skating in winter, and Stoney Trail and Deerfoot Trail are both close by.
Lake access comes with a mandatory annual homeowners association fee. Count it in your monthly costs the same way you'd count condo fees.
Thomas's Take
In a lake community, the same floor plan can sell for very different prices depending on how close it sits to the water and the beach. I'll pull recent Mahogany sales so you can see what the location is really worth before you pay for it.
Live MLS® listings below. Listing details can change, so verify anything important before you buy.
No. Mahogany Lake and its beaches are for Mahogany residents, which is part of what the annual homeowners association fee pays for.
The fee is set each year, so ask for the current amount before you write an offer and check what it covers. Budget for it on every home in the community, whether it's on the lake or not.
It's popular with families for the lake, the beaches and the newer homes. Check which schools serve the address you're looking at, since boundaries can change as the community grows.
Thomas Calvert, Calgary Residential REALTOR® with RE/MAX Landan Real Estate. 1,200+ Calgary Transactions over 20+ years in real estate. About Thomas
Last updated November 2026