28052 Balada, Mission Viejo, CA 92692

If you've been searching for a true diamond in the rough with exceptional upside potential, this is the opportunity you've been waiting for. Welcome to an incredible opportunity in the highly sought-after Madrid Del Lago neighborhood of Mission Viejo. Situated on a desirable single-loaded street, this spacious five-bedroom home offers endless potential and is attractively priced, making it the perfect opportunity to create your dream home. Step through the double-door entry into a grand foyer featuring soaring ceilings and a dramatic spiral staircase, creating an impressive first impression and the perfect canvas for your personal vision. Lovingly maintained by its original owners, the home remains in original condition, offering an exceptional floor plan and solid bones ready for your updates. The formal living room flows seamlessly into the formal dining room, ideal for entertaining. The spacious kitchen overlooks the backyard and opens to the inviting family room, complete with a cozy fireplace and wet bar. A highly desirable main-level bedroom and full bathroom provide flexible living options for guests, multigenerational living, or a home office. Upstairs, the expansive primary suite offers a true retreat with its own sitting area, private balcony, generous walk-in closets, and a spacious en-suite bath featuring dual vanities, a soaking tub, and separate shower. Three additional upstairs bedrooms are generously sized and share a full bathroom. Additional highlights include an indoor laundry room, direct-access three-car garage, and an oversized driveway providing ample parking. The private backyard features mature trees, a large concrete patio, and the added privacy of having no rear neighbors, offering plenty of space to relax or create your ideal outdoor oasis. Enjoy all the benefits of Lake Mission Viejo membership, including two private sandy beaches, boating, fishing, summer concerts, and year-round community events. East Beach is conveniently located just around the corner. The home is also served by award-winning schools and offers low property taxes, no Mello-Roos, and easy access to shopping, dining and freeways. Priced for a quick sale and offered in its present "as-is" condition.