Tired of paying rent? Invest in a new home at Rainbow Canyon - Rio Rancho's newest community minutes from shopping. Rainbow Canyon offers ''life-tested'' modern floor plans at an affordable price designed to enhance your evolving lifestyle. The Verbena is an open 3 bed 2 bath home. It is filled with beautiful finishes, a covered patio and plenty of natural light. Centex plans feature openness and high energy-efficiency designs to boast livability and savings on utility bills! Enjoy a stunning kitchen complete with stainless steel appliances, tons of cabinet space, and a walk-in pantry, including a side-by-side refrigerator, granite countertops, and 15'' x 15'' tile in wet areas.
Pending
$372,780
242 Spectrum Ave SW, Rio Rancho, NM 87124
3beds
1,588sqft
Single Family Residence
Built in 2025
5,227.2 Square Feet Lot
$371,400 Zestimate®
$235/sqft
$45/mo HOA
What's special
Stunning kitchenStainless steel appliancesGranite countertopsSide-by-side refrigeratorCovered patioPlenty of natural lightTons of cabinet space
Call: (505) 589-3174
- 81 days |
- 9 |
- 0 |
Zillow last checked: 10 hours ago
Listing updated: November 21, 2025 at 08:10am
Listed by:
Wade Messenger 505-991-5774,
Pulte Homes of New Mexico
Source: SWMLS,MLS#: 1091739
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Primary bedroom
- Level: Main
- Area: 171.45
- Dimensions: 13.5 x 12.7
Bedroom 2
- Level: Main
- Area: 107.06
- Dimensions: 10.1 x 10.6
Bedroom 3
- Level: Main
- Area: 112.27
- Dimensions: 10.3 x 10.9
Dining room
- Level: Main
- Area: 133.72
- Dimensions: 10.2 x 13.11
Kitchen
- Description: Cafe
- Level: Main
- Area: 142.5
- Dimensions: Cafe
Living room
- Level: Main
- Area: 249.15
- Dimensions: 15.1 x 16.5
Heating
- Central, Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Gas Range, Disposal, Microwave, Refrigerator
- Laundry: Electric Dryer Hookup
Features
- High Speed Internet, Main Level Primary, Pantry, Shower Only, Separate Shower, Cable TV, Walk-In Closet(s)
- Flooring: Carpet, Tile
- Windows: Double Pane Windows, Insulated Windows, Low-Emissivity Windows, Vinyl
- Has basement: No
- Has fireplace: No
- Fireplace features: Gas Log
Interior area
- Total structure area: 1,588
- Total interior livable area: 1,588 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio
- Exterior features: Private Yard, Sprinkler/Irrigation, Landscaping
- Fencing: Wall
Lot
- Size: 5,227.2 Square Feet
- Features: Landscaped, Planned Unit Development, Xeriscape
Details
- Parcel number: N/A
- Zoning description: R-1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Synthetic Stucco
- Roof: Pitched,Shingle
Condition
- Under Construction
- New construction: Yes
- Year built: 2025
Details
- Builder name: Centex
Utilities & green energy
- Electric: None
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Underground Utilities, Water Connected
Green energy
- Energy efficient items: Windows
- Energy generation: None
- Water conservation: Water-Smart Landscaping
Community & HOA
Community
- Features: Common Grounds/Area
- Security: Smoke Detector(s)
- Subdivision: Rainbow Canyon
HOA
- Has HOA: Yes
- Services included: Common Areas, Road Maintenance
- HOA fee: $45 monthly
Location
- Region: Rio Rancho
Financial & listing details
- Price per square foot: $235/sqft
- Annual tax amount: $4,404
- Date on market: 9/22/2025
- Cumulative days on market: 38 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
About the community
Rainbow Canyon by Centex is a new community featuring affordable new homes. Choose from multiple single-story homes that were designed to fit your needs. Rainbow Canyon is located in Rio Rancho near conveniences like shopping and dining and is just a short drive to Albuquerque. This community is perfect for enjoying New Mexico in a new affordable home you'll love.
Source: Centex
9 homes in this community
Available homes
| Listing | Price | Bed / bath | Status |
|---|---|---|---|
Current home: 242 Spectrum Ave SW | $372,780 | 3 bed / 2 bath | Pending |
| 259 Prism Ave SW | $340,490 | 4 bed / 2 bath | Available |
| 283 Prism Ave SW | $347,330 | 3 bed / 2 bath | Available |
| 272 Prism Ave SW | $368,940 | 4 bed / 2 bath | Available |
| 228 Prism Ave SW | $385,980 | 4 bed / 2 bath | Available |
| 250 Spectrum Ave SW | $382,980 | 3 bed / 2 bath | Available February 2026 |
| 276 Prism Ave SW | $339,450 | 4 bed / 2 bath | Pending |
| 256 Prism Ave SW | $347,740 | 3 bed / 2 bath | Pending |
| 246 Spectrum Ave SW | $379,740 | 3 bed / 2 bath | Pending |
Source: Centex
Contact builder
Connect with the builder representative who can help you get answers to your questions.
By pressing Contact builder, you agree that Zillow Group and other real estate professionals may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices and applies even if you are registered on a national or state Do Not Call list. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use.
Learn how to advertise your homesEstimated market value
$371,400
$353,000 - $390,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2025 | Pending sale | $372,780$235/sqft |
Source:  SWMLS #1091739 | ||
| 11/21/2025 | Price change | $372,780+1.6%$235/sqft |
Source: SWMLS #1091739 | ||
| 11/12/2025 | Price change | $366,990-1.6%$231/sqft |
Source:  Centex | ||
| 11/11/2025 | Pending sale | $372,780-0.2%$235/sqft |
Source: SWMLS #1091739 | ||
| 11/11/2025 | Price change | $373,390+1.7%$235/sqft |
Source: Centex | ||
Public tax history
Tax history is unavailable.
Monthly payment
Neighborhood: 87124
Nearby schools
GreatSchools rating
- 5/10Puesta Del Sol Elementary SchoolGrades: K-5Distance: 1.2 mi
- 7/10Eagle Ridge Middle SchoolGrades: 6-8Distance: 3.7 mi
- 7/10Rio Rancho High SchoolGrades: 9-12Distance: 4.3 mi
Schools provided by the builder
- Elementary: Rio Rancho High School
- District: Rio Rancho Public Schools
Source: Centex. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
