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.
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.
Property Details
Price:
$1,450,000
MLS #:
OC26145414
Status:
Active
Beds:
5
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Madrid Del Lago ML
Neighborhood:
mnmissionviejonorth
Listed Date:
Jul 6, 2026
Finished Sq Ft:
3,084
Lot Size:
6,900 sqft / 0.16 acres (approx)
Year Built:
1978
See this Listing
Schools
School District:
Capistrano Unified
Elementary School:
Reilly
Middle School:
Newhart
High School:
Capistrano Valley
Interior
Appliances
EO
Bathrooms
3 Full Bathrooms
Cooling
CA
Heating
FA
Interior Features
CC
Laundry Features
IR, IN
Levels
U
Main Level Bathrooms
1
Main Level Bedrooms
1
Exterior
Attached Garage YN
1
Common Walls
NCW
Community Features
SDW
Garage Spaces
3
Parking Spots
3
Parking Total
3
Spa Features
NO
View
NO
Financial
HOA Fee
$28
HOA Fee 2
$112
HOA Fee 2 Frequency
MO
HOA Fee Frequency
MO
Map
Community
- Address28052 Balada Mission Viejo CA
- SubdivisionMadrid Del Lago (ML)
- CityMission Viejo
- CountyOrange
- Zip Code92692
Subdivisions in Mission Viejo
- Aegean Heights HE
- Aegean Hills Central AH
- Aliso Villas AV
- Andalusia AN
- Auburn Ridge AR
- Azure AZ
- Barcelona North BA
- Briarwood BW
- California Court CALC
- Casa Loma CL
- Casta Del Sol – Carmel CR
- Casta Del Sol – Fiesta CF
- Casta Del Sol – Pud CS
- Castille North CA
- Cliff Wood CLIF
- Concord CONC
- Cordova North CV
- Cordova South CV
- Cordova Vista CV
- Cortez CZ
- Eastbrook EST
- El Dorado ED
- Emerald Pointe I EP1
- Emerald Pointe II EP2
- Evergreen Lakeview EVEL
- Evergreen Ridge EVE
- Finisterra Green “”Alta”” FGA
- Finisterra Green “”Baja”” FGB
- Finisterra On The Lake FI
- Gallery Collection GLC
- Grand Traditions GRNT
- Highlands HISR
- Hillcrest Village HV
- J.M Peters JMP
- La Mancha Pud LM
- La Paz Central LP
- La Paz South LP
- Lake Aire LKA
- Las Palmas BLP
- Madrid Central MA
- Madrid Del Lago ML
- Madrid North MA
- Magdalena MAGD
- Mallorca Condos MQ
- Melrose MELR
- Mirasol MIR
- Monterey Master MM
- Montiel MO
- New Castille Central CA2
- Pacific Heights PACH
- Palmia – Courts 2 PTC2
- Palmia – Terraces PTT
- Palmia – Villas 2 PTV2
- Paloma PAL
- Pinecrest PC
- Rainbow Ridge RR
- Signature Homes SIG
- Stoneybrook SB
- Sunrise Ridge SUN
Market Summary
Current real estate data for Single Family in Mission Viejo as of Jul 07, 2026
203
Single Family Listed
44
Avg DOM
493
Avg $ / SqFt
$1,000,235
Avg List Price
Property Summary
- Located in the Madrid Del Lago (ML) subdivision, 28052 Balada Mission Viejo CA is a Single Family for sale in Mission Viejo, CA, 92692. It is listed for $1,450,000 and features 5 beds, 3 baths, and has approximately 3,084 square feet of living space, and was originally constructed in 1978. The current price per square foot is $470. The average price per square foot for Single Family listings in Mission Viejo is $493. The average listing price for Single Family in Mission Viejo is $1,000,235.
Similar Listings Nearby
28052 Balada
Mission Viejo, CA


