Set on a beautiful 1.13-acre lot, this impressive walkout rambler offers an exceptional blend of space, privacy, and natural beauty. The property backs directly to a scenic 20-acre preserve, creating a peaceful and private backyard setting, while Lake O'Dowd is located just across the street. The thoughtfully designed main level features an inviting living room with a two-sided stone gas fireplace, a spacious kitchen with generous workspace and informal dining, a sunroom, and a separate formal dining room. The spacious primary suite includes an updated private bathroom overlooking the backyard and preserve, complete with heated floors. An additional bedroom and convenient main-level laundry offer the ease of one-level living. The finished walkout lower level is ideal for entertaining, featuring a large family room, wet bar, game and billiards areas, an additional bedroom and bathroom, and flexible space for guests, hobbies, exercise, or a home office. Outside, the deck, porch, and private backyard provide multiple places to relax and enjoy the surrounding natural beauty. Additional highlights include Celebright permanent exterior lighting for year-round accent and holiday displays, hardwood and tile flooring, an in-ground sprinkler system, and a heated three-car garage. This exceptional home offers a rare combination of generous living space, privacy, and a desirable Shakopee location. Don't miss this incredible opportunity!