Stunning acreage featuring walkout bungalow, trout pond, guest house, barn, shop, and is fully set up for horses!!! This very private 31 acre property is extensively landscaped with manicured lawn, poured concrete curbs, fountains, apple tree's, amazing garden, underground sprinklers, soaring spruce tree's and over a mile of rail fencing (voted best yard in Red Deer County 1997). The spacious brick walk out bungalow has vaulted ceilings and the entire house has double drywall. Professionally renovated in 2015 with 3/4" oak hardwood floors on the main, bathrooms on the main, railing and timber frame features. In 2019 the kitchen was renovated to feature knotty alder cabinets with granite and quartz countertops, new stainless appliances and large island with wine cooler. The main floor also offers a formal sunken dining room, a spacious primary bedroom with ensuite featuring soaker tub and TV, there is an office on the main that could be turned into a additional bedroom, spacious bathroom featuring soaker tub w/ LED lights, main floor laundry, floor to ceiling custom stone fireplace and loads of storage complete the main level. The lower level of the walk out leads to a sunny south patio area and large water fountain. Other features include a rec room complete with wet bar and fireplace, a exercise studio (easily converted to bedroom), 4pc bathroom, 2 additional bright and airy bedrooms, cold storage and utility room. The attached garage is fully finished, heated and can host 4 vehicles. The 50x80 steel shop has two 12' overhead doors, mezzanine, hobby room, and 24x28 fully insulated, full height cold storage / wine making room. The hobby shed is insulated and has power. There are custom dog kennels. Just a short walk from the house is the 2 acre, fully lined, 20' deep stocked trout pond with 2 aerators AND guest cabin. The cabin features soaring windows overlooking the pond (both spring and well fed), a separate bedroom, is heated, has a gas fireplace and BBQ hook ups and steps to the outhouse (guest cabin furniture included). The newer 36x24 horse barn offers 2 automatic overhead doors with remotes, 2 box stalls and heated tack room. There is a 150'x72' outdoor riding arena (sand) and autowaterer. This is a very special property is minutes to Bowden and the Red Lodge Park with an easy commute to Innisfail, Red Deer, Olds or Calgary! The guest cabin is currently set up as Air B&B, currently booking into December!