Welcome to 27691 Alarcon, a stunning Mediterranean-style residence nestled in the coveted Madrid Del Lago neighborhood, perched above the sparkling waters of Lake Mission Viejo. Set on an expansive lot, this home showcases a shimmering pool and spa, along with breathtaking, unobstructed views of the Saddleback Mountains and twinkling city lights. The backyard is a true entertainer’s paradise—complete with a built-in BBQ, multiple seating areas, motorized awnings, and a charming gazebo—all designed to maximize the spectacular views. Inside, the inviting layout makes you feel at home the moment you enter. The formal living and dining rooms create a warm welcome, while the gourmet kitchen boasts designer granite countertops, elegant cabinetry, a breakfast nook, and a convenient wet bar. The family room, featuring a cozy fireplace and custom built-ins, offers both comfort and serenity with picture-perfect vistas. The primary suite is a luxurious retreat, highlighted by a fireplace, wood flooring, plantation shutters, mirrored closets, and a beautifully remodeled spa-inspired bath. Three additional bedrooms provide flexibility—two generously sized rooms that share a remodeled bathroom, plus a fourth bedroom thoughtfully designed as a home office with built-in cabinetry. Additional features include whole-house repiping, a water softener system, dual-pane windows and doors, new pool equipment, rain gutters, cedar-lined storage in the garage, and abundant built-in cabinetry. A spacious side yard also offers the potential for RV parking. As a resident, you’ll enjoy exclusive access to Lake Mission Viejo and its year-round amenities: fishing, boating, kayaking, paddle-boarding, sailing, swimming, and beach volleyball. The lakefront clubhouse is perfect for hosting your events. Incredible community events include summer concerts, movie nights, the spectacular Fourth of fireworks . Nearby Plaza Del Lago offers lakeside dining and shopping, completing the exceptional lifestyle this neighborhood provides. This home is more than a place to live—it’s a rare opportunity to enjoy resort-style living in one of Mission Viejo’s most desirable communities.