Significant price reduction and unbeatable value. The current city assessment is $3,420,000! This distinctive property is one of Calgary's best hidden gems. Located at the end of an exclusive enclave in Aspen Estates, this spectacular residence sits on a 0.42-acre lot and backs onto a wooded environmental reserve. Remodeled by Empire Custom Homes, grandeur and sophistication are showcased throughout 8,446 sq.ft. of living space. Stunning ‘Downsview' kitchen features Sub- Zero fridge with four undercounter drawers, Wolf built-in double ovens, Sub-Zero wine storage, Wolf gas cooktop and a Miele coffee system. Kitchen opens up to a breakfast nook and family room, perfect for family time or entertaining guests. Walk-through pantry conveniently provides a second access to the heated four-car garage. To enhance drama and light, the impressive living room showcases a 20' vaulted ceiling with a stone gas fireplace and an abundance of windows. Admire the picturesque views and appreciate the privacy from all of the principal rooms. Functional and versatile floor plan features a main floor primary bedroom. The spacious primary retreat offers a gas fireplace, electric blinds and integrated custom clothing cabinetry. Enjoy the elegant ensuite with steam shower, his and hers vanity and Victoria + Albert soaking tub. On the opposite end of the main floor is a private self-contained caregiver or guest bedroom. A formal dining area, perfectly positioned home office, laundry room and two powder rooms complete the main level. Upstairs you will find a library with built-ins, a gas fireplace, two bedrooms, and two full bathrooms. The walkout lower level offers a recreation area, media room, sitting area with fireplace, large bar, wine cellar with tasting area, 2 additional bedrooms and an exercise room. The imposing exterior offers a combination of stone, stucco and rubber roof. Absolutely stunning lot with extensive and mature landscaping. The fully fenced backyard has expensive features such as natural rundle stone, heated pool, cabana for pool equipment and storage, fully stoned fireplace and built-in barbecue. In today's market, you can't build a house of this quality or size for this price. Rarely can you find a lot this large with such an exceptional location. The house and lot combined offer UNBEATABLE VALUE and make this property a solid investment.***Please view property video for more highlights of this spectacular property.***