SPECTACULAR PANORAMIC MOUNTAIN, CANYON AND CITY LIGHT VIEWS FROM ONE OF THE HIGHEST POINTS IN ALISO VIEJO! Ideally situated on one of Aliso Viejo's most coveted streets and backing directly to the canyon/open space, is a 5 bedroom + office/den, 3 bath executive home. Excellent floor plan features vaulted ceilings in formal living/dining rooms, a main floor bedroom AND separate office/den, 4 bedrooms upstairs w/convenient laundry room, and 2 car garage. The kitchen features a center island, stainless gas 5-burner cooktop, double ovens, built-in microwave, and is open to the adjacent family room with fireplace, while the upstairs master bedroom suite with balcony spans the rear of the home for privacy and even more amazing views. The fully-landscaped rear yard with patio offers a private, serene canyon setting for the ultimate in California outdoor living. Newer exterior paint and whole house plumbing re-pipe was recently completed (interior drywall repairs remain incomplete). Homes on this street rarely come available and this one is PRICED FAR UNDER COMPS to offset the cost of needed cosmetic repairs and select deferred maintenance. Don't miss out on this rare opportunity to save a bundle and customize this home entirely to your taste! The Canyon Vistas community is conveniently located near parks, nature trails, shopping/restaurants, business centers and highly-rated schools. Ultra-low tax rate of 1% with no Mello-Roos!