The design of robust water‐compatible solid Lewis acid catalysts in the efficient utilization of aqueous formaldehyde is a challenging task. Herein, we describe an ytterbium triflate containing ordered mesoporous polymer (Yb(OTf)2‐MP) that acts as a highly active and selective Lewis acid catalyst for the Mukaiyama–aldol reaction with aqueous formaldehyde. The unique capacity of hydrophobic surface and ordered mesoporosity was able to stabilize the hydrophilic and hydrophobic reactants simultaneously and catalyze the reaction selectively by minimizing water interference at active sites. Accordingly, it enabled a broad range of silyl enol ethers to be used to create structurally diverse β‐hydroxy carbonyl molecules efficiently. Notably, the process can be scaled up easily to achieve the gram‐scale production of the key intermediate of natural product sarkomycin. Additionally, it is stable under aqueous conditions and can be recovered easily and used repeatedly at least six times.