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.
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
- 102 days
- 6
- 0
Zillow last checked:
Listing updated:
Listed by:
Rose M Varona 505-507-3959,
Realty One of New Mexico 505-883-9400
Source: SWMLS,MLS#: 1103863
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: 104 days
- Listing terms: Cash
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Listed for sale | $70,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 87124
Nearby schools
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.




