PRICE IMPROVEMENT! Custom-built 2,100 sq. ft. walkout bungalow on 5.02 acres in the desirable Black Bear Subdivision, just north of Water Valley. This home features vaulted ceilings, a double attached garage, and is privately nestled among mature trees for added privacy with an abundance of natural light. A massive covered front porch leads through double doors into a spacious foyer with soaring ceilings. The large kitchen offers granite countertops and river rock accents, and connects to a bright sunroom or dining area with access to the west-facing deck. The living room boasts 16’ vaulted ceilings, floor-to-ceiling windows, and a striking 3 sided rock-faced gas fireplace. Maple hardwood runs through much of the main floor, which has also been freshly professionally painted. The generous primary suite features a 5-piece ensuite with jetted tub, dual vanities, large shower, walk-in closet and river rock accents. Two additional bedrooms have new vinyl plank flooring, and the main floor also includes an updated laundry area with new washer/dryer. A 4-piece bathroom finishes off the main floor. Downstairs, a recently finished walkout basement offers a spacious rec room with 9’ ceilings, pool table, and abundant natural light. A nearly completed bar area includes a custom live edge bar. Two more large bedrooms, a stunning 4-piece bath, and a storage/utility room complete the lower level. The low-maintenance yard is landscaped with rock and gravel, and includes a firepit area in the front. Additional features include raised garden beds, a tarp garage, large dog run, wood shed, air conditioning, and surround sound wiring inside and out. Surrounded by forest with space to build a future garage or shop, this property offers the perfect mix of privacy, space, serenity and functionality. Discover this warm community with lots of heart just under an hour from Calgary.