Intraosseous lipomas are rare lesions often missed and confused with other tumors. They constitute 0.1% of benign tumors of bone.1 Intraosseous lipomas can occur in the calcaneum, proximal femur, tibia, and other long bones. The most common location in calcaneum is the neutral triangle. We report a case presented to our hospital with complaints of heel pain for one and a half years. The patient was evaluated and was diagnosed with intracalcaneal lipoma for which curettage and grafting were done with hydroxyapatite and iliac bone. The patient was followed up for 1 year, no recurrence was found. We discuss the case of intracalcaneal lipoma, its presentation, diagnosis, and treatment.