Reduced $50,000 plus a 2/1 buydown starting at 4. 875% ~ magnificent spanish style pool & spa home with views and 3,700 sq ft of living space ~ built by highly respected standard pacific homes & located in the gated community of canyon crest (aka: canyon estates). This property has in excess of $300,000 in upgrades including four spacious bedrooms (one down), a huge bonus room (optional 5th bedroom), three fireplaces, eight ceiling fans and two heating & air conditioning systems (one is one year old and one is five years old with new ducting). The grand entry overlooks the custom staircase, formal living & dining rooms with cathedral ceilings. The kitchen is spacious with separate breakfast nook, large island and upgraded appliances (refrigerator is included). Adjacent to the kitchen is the inviting family room with fireplace, tv surround sound & a dry bar with wine refrigerator. Additional upgrades include an entertainer's backyard with dramatic over sized pool & spa, views, cozy fire ring and plenty of room for tables & chairs. Inside, the home has been tastefully decorated with many upgrades and the bonus room has custom built in office cabinets & storage (pool table is negotiable). Don't forget the 3 car attached garage with auto openers and direct access to the home (additional parking for 3 cars on the driveway). And possibly the best features for active families are the private recreation facilities and lake mission viejo membership (including a spectacular 4th of july fireworks show over the lake).