"Mahogany is the community that people visit once and immediately understand. The scale of the lake, the quality of the Beach Club, the Village Market, the wetlands — it's not a community that oversells itself. If anything, it undersells. The buyers I've walked through it who weren't already planning to move to Mahogany almost always leave with the question: why haven't I been looking here from the start?"
Mahogany was established by Hopewell Residential in the fall of 2008 in Calgary's southeast quadrant, and it wasted very little time making its case. It was named Calgary's New Community of the Year in 2009, followed by Community of the Year in both 2012 and 2013, and Alberta's Community Development of the Year in 2014. That's an unusual run of recognition — and the community's continued strength in the resale market suggests the awards reflected something real rather than something fleeting.
At the centre of it all is Mahogany Lake — at 63 acres, Calgary's largest freshwater lake — with 21 acres of private beach area, two distinct beach sites, and a Beach Club facility that runs year-round programming for residents. The community also encompasses 74 acres of naturalized wetlands and over 22 km of pathways connecting it all. As of Q1 2025, the overall benchmark price sits at $642,333, up 7.7% year-over-year. The range is genuine: condos and townhomes from the mid-$400,000s, family detached homes from the $600,000s to $1.2 million, and lakefront estate properties reaching well above $2 million.
What distinguishes Mahogany from other southeast Calgary lake communities isn't just the lake's size — it's the completeness of what's been built around it. Mahogany Village Market brings groceries, dining, professional services, and daily retail within walking distance. Westman Village adds a resort-style condo and commercial precinct with a 40,000 square-foot amenity centre that has no real equivalent in any other Calgary residential neighbourhood. Seton — with South Health Campus, Cineplex, major retail, and a Brookfield YMCA — is five minutes away.
The community was designed to function as a complete urban village, and it has largely delivered on that promise. For buyers who want lake access, modern homes, and a fully realized lifestyle in one address, Mahogany continues to set the standard.
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Listing prices are public. Sold prices are where the real story is. Access two full years of sales history in Mahogany — every transaction includes:
No estimates. No averages. The actual numbers, straight from the MLS®.
View Mahogany Sold Data →| Address | Sold Date | List Price | Sold Price | DOM |
|---|---|---|---|---|
| 48 Mahogany Bay SE | Feb 11, 2025 | $1,149,000 | $1,125,000 | 16 |
| 214 Mahogany Blvd SE | Jan 22, 2025 | $724,900 | $738,000 | 6 |
| 31 Mahogany Heath SE | Mar 6, 2025 | $849,000 | $835,500 | 12 |
| 112 Mahogany Way SE | Dec 13, 2024 | $589,900 | $602,000 | 5 |
| 7 Mahogany Cove SE | Nov 18, 2024 | $1,474,000 | $1,440,000 | 21 |
Mahogany's lifestyle is organized around its lake, its wetlands, and the retail and social infrastructure that has grown up between them over nearly two decades of development. The Main Beach Club and West Beach together give the community 21 acres of beachfront and two distinct gathering spaces that shift character across the seasons — paddleboarding, beach volleyball, and fishing in summer; a skating oval and community bonfires when the lake freezes. The 74 acres of naturalized wetlands on the community's east side offer a quieter counterpart: protected natural space with pathways that attract residents who want morning walks and wildlife observation as part of daily life. Layer on Westman Village's resort-level amenities, Mahogany Village Market's walkable retail, and Seton next door — and no other Calgary lake community comes close to delivering this combination in one address.
Mahogany has two schools located within the community itself, serving students from kindergarten through Grade 6 across both the public and Catholic boards. For older students, well-regarded schools in adjacent Auburn Bay and the wider south Calgary CBE and CCSD networks serve the community, with French Immersion available at the K–9 level nearby. The planned Green Line LRT will eventually improve access to post-secondary institutions for students who need it.
Additional CBE junior high options are accessible in the south Calgary network. Post-secondary: University of Calgary, SAIT, and Mount Royal University within approximately 30–40 minutes.
Mahogany sits in Calgary's southeast, bordered by 52nd Street SE to the west, Stoney Trail to the north, and Seton Boulevard to the south. Both Stoney Trail and Deerfoot Trail are accessible within minutes, making city-wide travel straightforward without navigating the urban core. For commuters who prefer transit, Calgary Transit bus routes 87 and 88 connect the community to the Somerset-Bridlewood LRT station. A future Green Line LRT station is planned to serve the Mahogany and Seton corridor — when completed, it will meaningfully improve the community's transit connection to the rest of the city.
Mahogany's market has genuine complexity — Westman Village condos, wetlands-backing detached homes, lake-loop properties, and newer phases all behave differently, and understanding what each delivers relative to its price makes a real difference in any transaction. I put together monthly market reports covering what's selling across every part of Mahogany, what's sitting, and what the numbers actually mean for buyers and sellers right now. No subscriptions, no spam — just clear, honest insight from someone who has been watching Calgary's SE market closely for over 30 years.
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