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Lot/land
  • $70,000

    408 Rainbow Blvd SE, Rio Rancho, NM 87124

    --beds
    --baths
    0.5Acres
    Unimproved Land
    Built in ----
    0.5 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Utilities are close
    Beautiful Half-Acre Opportunity in a Growing Area. Adjacent Lot Also AvailableThis .5-acre lot offers the perfect blend of space, convenience, and future potential. Located right next to Lot 2--which is also available this property gives buyers the rare chance to secure side-by-side parcels in a rapidly developing area.Custom homes are already rising nearby, adding value and showcasing the quality of the neighborhood. A paved road runs directly in front of the property, providing easy access, and utilities are close, making future development far more convenient for your buyers.Whether someone is looking to build now or invest for the future, this lot delivers location, flexibility, and long-term upside.
    17 hours
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    14
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    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Rose M Varona 505-507-3959,

    Realty One of New Mexico 505-883-9400

    Source: SWMLS,MLS#: 1103863MLS Logo

      Facts & features

      Property

      Lot
      • Size: 0.5 Acres
      • Features: None
      • Topography: Level
      Details
      • Parcel number: 1009069240151
      • Zoning description: R-1

      Utilities & green energy

      • Sewer: None
      • Water: Other
      • Utilities for property: Cable Available, Sewer Not Available

      Community & HOA

      Community
      • Subdivision: Rio Rancho Estates
      Location
      • Region: Rio Rancho

      Financial & listing details

      • Annual tax amount: $258
      • Date on market: 5/18/2026
      • Cumulative days on market: 2 days
      • Listing terms: Cash

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/19/2026Listed for sale$70,000
        Source: SWMLS #1103863 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 87124

        Getting around

        6 / 100
        Car-Dependent
        30 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Rio Rancho
        • Middle: Rio Rancho Mid High
        • High: Rio Rancho

        Source: SWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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