Opportunities like this are exceptionally rare in Springbank. Set on 2.55 acres backing directly onto the Bearspaw Reservoir in the prestigious Emerald Bay area, this property offers breathtaking waterfront views, incredible privacy, and the chance to create a truly one of a kind riverfront estate. This sprawling bungalow offers over 2,200 sq ft above grade with a layout designed to capture the beauty of its surroundings. The living room serves as the heart of the home, featuring soaring floor to ceiling windows that frame panoramic water views and flood the space with natural light. A two sided fireplace seamlessly connects the living and dining areas, creating a warm and inviting atmosphere throughout the main living space. The kitchen is ideally positioned next to the dining area and offers a functional layout with ample opportunity for future customization and redesign. The primary retreat features a walk in closet, 4 piece ensuite, and a private jacuzzi area overlooking the water, a rare setting that truly embraces the property's exceptional location. The basement remains largely unfinished while offering an additional bedroom and endless potential for future development. Major mechanical updates have already been completed, including two newer furnaces and an updated hot water tank. Completing the property is an oversized heated triple detached garage with plenty of space for vehicles, storage, and hobbies. Emerald Bay is one of Springbank's most coveted waterfront communities, offering an unmatched balance of privacy, natural beauty, and estate living. Whether you choose to renovate, redesign, or build your dream estate, the true value of this property lies in its irreplaceable setting on the Bearspaw Reservoir, a rare opportunity to secure one of the area's most prestigious locations. Book your private viewing today!