$ 1,199,900

116 Panatella Rise Nw, Calgary

Alert! Rare opportunity to own an exceptional custom-built WATERFRONT home on a premium pond-backing lot in the highly sought-after community of Panorama Hills. This stunning 1½-storey WALKOUT offers 2,394 sq. ft. of beautifully designed living space above grade, plus 1,375 sq. ft. of professionally developed walkout basement, combining timeless elegance, outstanding craftsmanship, and breathtaking water views.A grand foyer welcomes you into a bright, sun-filled main floor featuring a spacious private office and an open-concept layout designed for both everyday living and sophisticated entertaining. The chef-inspired gourmet kitchen is beautifully appointed with rich walnut Allura cabinetry, premium granite countertops, a large island, and high-end Dacor stainless steel appliances. Expansive windows capture tranquil pond views, while a striking two-sided stone fireplace creates a warm focal point between the living and dining areas. The generous dining room comfortably accommodates large gatherings and is enhanced by rich walnut hardwood flooring throughout.The upper level is dedicated to a luxurious primary retreat featuring a spacious walk-in closet, private sitting/TV area, exclusive balcony overlooking the pond, and a spa-inspired 5-piece ensuite with in-floor heating, dual-sided fireplace, soaker tub, and separate shower.The professionally finished walkout basement provides exceptional additional living space with two generous bedrooms, including one with its own ensuite, an additional full bathroom, a spacious recreation room, and a custom wet bar complete with a beverage refrigerator and dishwasher. In-floor heating ensures warmth and comfort throughout the winter months, while central air conditioning keeps the home cool during the summer. A three-zone control system allows independent temperature adjustment on each level for maximum comfort and efficiency.Step outside to the beautifully landscaped backyard with an exposed aggregate patio, where you can relax and enjoy the peaceful waterfront setting. Recent upgrades, including a newer roof and new hot water tank, provide added value and peace of mind.Thoughtfully designed and impeccably maintained, this one-of-a-kind luxury home offers an exceptional combination of quality, comfort, and an unbeatable waterfront lifestyle. A rare opportunity not to be missed! (id:1945)
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Property details for 116 Panatella Rise Nw, Calgary

Type
Residential
Bedrooms
3
Bathrooms
4
Living Area
2,390 square feet
Lot Size
474.00
Stories
1.5
Basement
Finished, Full, Walk out
Parking
Attached Garage
Heating
Forced air, In Floor Heating, Natural gas
Cooling
Central air conditioning
Exterior
Stucco
Ownership
Freehold
Annual Taxes
$7,514 (2026)

Nearby Listings Stat

Estimated price and comparable properties near 116 Panatella Rise Nw

Active Listings
12
Min Price
$424,000
Max Price
$1,199,900
Avg Price
$667,700
Days on Market
40
days
Sold Listings
6
Min Sold Price
$399,999
Max Sold Price
$634,900
Avg Sold Price
$527,959
Days until Sold
50
days

Neighbourhood Census Data

Calgary, Alberta

Population
5,313
Median Age
33.2
Median Income
$46,243
Dwelling Value
$599,540

Housing Tenure

Owners 89%
Renters 11%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 3.4
Pop. Density: 3,140.8/km²
Avg Shelter Cost: $2,173/mo
Owners with Mortgage: 85.1%
Owners Spending 30%+: 20.7%
Tenants Spending 30%+: 32.4%
English only: 90.5%
French only: 0.1%
English and French: 3.7%
Neither: 5.7%
Median Household Income: $127,232
Median Employment Income: $47,909

Price History

Listed
July 16, 2026
by C-Luxury Realty Ltd.
Current Price
$1,199,900
-4% from last change
Type
Residential
For Sale
Price Changes
1
Date Price Change
Current $1,199,900 $50,000 (-4%)
Sep 23, 2026 $1,249,900 Listed

Contact Agent Get in touch about 116 Panatella Rise Nw, Calgary

Cynthia Xu
Cynthia Xu
C-Luxury Realty Ltd.