A rare opportunity to own an exceptional lakefront estate on 74 acres of prime Alberta countryside. This prestigious walkout bungalow offers an unmatched blend of luxury, privacy, and natural beauty, all with Riparian water rights. Located on 22108 Township Road 392 in Lacombe County, this residence exudes timeless elegance with custom finishes and breathtaking lake views throughout. Step inside to a chef-inspired kitchen, complete with granite countertops, custom cabinetry, and a layout designed for both daily living and entertaining. The expansive living room features coffered ceilings, a grand marble-faced fireplace, and floor-to-ceiling windows that showcase unobstructed water views. The primary retreat is a sanctuary of its own, with built-in cabinetry, panoramic lake-facing windows, a spa-inspired ensuite with walk-in shower, and an impressive walk-in dressing room. The lower level is built for entertaining, boasting a wet bar, spacious family room, and walk-out access to a covered patio, creating seamless indoor-outdoor living. Three large bedrooms downstairs offer comfort and scenic views. A bonus guest suite above the garage adds flexibility and privacy for visitors. The property includes a second home (not part of the listing) and is currently undergoing boundary adjustments, with new legal registration forthcoming. Whether you're dreaming of a private retreat, family estate, or a legacy property, this vacant, ready-for-viewing home offers unparalleled lifestyle potential.