Welcome to this beautifully maintained 3-bedroom, 2-bath home with a versatile bonus room in the desirable Corrales Heights neighborhood in Rio Rancho. Situated on a spacious 1/3 acre corner lot, this property features a circular driveway, two access gates, and ample parking for RVs, trailers, or extra vehicles. Enjoy professionally landscaped front and back yards, a custom covered patio perfect for entertaining, and a workshop ideal for hobbies or storage. Conveniently located near shopping, restaurants, schools, hospitals, and parks, this home offers the perfect blend of comfort, functionality, and location. Don't miss this exceptional opportunity!
For sale
$319,900
4601 Palmas Altas Dr SE, Rio Rancho, NM 87124
3beds
1,710sqft
Single Family Residence
Built in 1973
0.34 Acres Lot
$314,600 Zestimate®
$187/sqft
$-- HOA
What's special
Versatile bonus roomCircular drivewayTwo access gates
- 1 day |
- 544 |
- 36 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Hector Cruz 505-750-4794,
Cruz Realty.Org 505-750-4794
Source: SWMLS,MLS#: 1107534
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Primary bedroom
- Level: Main
- Area: 156
- Dimensions: 13 x 12
Bedroom 2
- Level: Main
- Area: 120
- Dimensions: 12 x 10
Bedroom 3
- Level: Main
- Area: 110
- Dimensions: 11 x 10
Dining room
- Level: Main
- Area: 81
- Dimensions: 9 x 9
Family room
- Level: Main
- Area: 462
- Dimensions: 22 x 21
Kitchen
- Level: Main
- Area: 132
- Dimensions: 12 x 11
Living room
- Level: Main
- Area: 204
- Dimensions: 17 x 12
Office
- Description: this is now a tool storage room
- Level: Main
- Area: 30
- Dimensions: this is now a tool storage room
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Features
- Multiple Living Areas, Main Level Primary
- Flooring: Carpet, Vinyl
- Windows: Double Pane Windows, Insulated Windows
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,710
- Total interior livable area: 1,710 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Private Yard
- Fencing: Back Yard
Lot
- Size: 0.34 Acres
Details
- Parcel number: 1014069391145
- Zoning description: R-1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Stucco
- Roof: Tar/Gravel
Condition
- Resale
- New construction: No
- Year built: 1973
Utilities & green energy
- Electric: None
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: Corrales Heights
Location
- Region: Rio Rancho
Financial & listing details
- Price per square foot: $187/sqft
- Tax assessed value: $174,789
- Annual tax amount: $2,099
- Date on market: 7/18/2026
- Cumulative days on market: 2 days
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$314,600
$299,000 - $330,000
$2,004/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/18/2026 | Listed for sale | $319,900+14.7%$187/sqft |
Source:  SWMLS #1107534 Report a problem | ||
| 5/15/2023 | Listing removed | -- |
Source: SWMLS #1034116 Report a problem | ||
| 5/12/2023 | Listed for sale | $279,000+92.4%$163/sqft |
Source: SWMLS #1034116 Report a problem | ||
| 2/13/2018 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 1/1/2018 | Pending sale | $145,000$85/sqft |
Source: Coldwell Banker Legacy #904108 Report a problem | ||
| 10/27/2017 | Price change | $145,000-1.4%$85/sqft |
Source: Coldwell Banker Legacy #904108 Report a problem | ||
| 10/17/2017 | Price change | $147,000-2%$86/sqft |
Source: Coldwell Banker Legacy #904108 Report a problem | ||
| 9/16/2017 | Listed for sale | $150,000$88/sqft |
Source: Coldwell Banker Legacy #888265 Report a problem | ||
| 7/21/2017 | Listing removed | $150,000$88/sqft |
Source: Coldwell Banker Legacy #888265 Report a problem | ||
| 7/20/2017 | Pending sale | $150,000$88/sqft |
Source: Coldwell Banker Legacy #888265 Report a problem | ||
| 6/21/2017 | Price change | $150,000-3.2%$88/sqft |
Source: Coldwell Banker Legacy #888265 Report a problem | ||
| 5/16/2017 | Price change | $155,000-3.1%$91/sqft |
Source: Coldwell Banker Legacy #888265 Report a problem | ||
| 4/20/2017 | Price change | $160,000-3%$94/sqft |
Source: Coldwell Banker Legacy #888265 Report a problem | ||
| 4/3/2017 | Listed for sale | $165,000$96/sqft |
Source: Coldwell Banker Legacy #888265 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,033 -0.3% | $58,263 +3% |
| 2024 | $2,039 +6.6% | $56,566 +7% |
| 2023 | $1,912 +1.9% | $52,878 +3% |
| 2022 | $1,876 +0.8% | $51,338 +3% |
| 2021 | $1,862 +3% | $49,843 +3% |
| 2020 | $1,808 +2% | $48,391 +2.7% |
| 2019 | $1,773 +66.1% | $47,121 +56.2% |
| 2018 | $1,067 -6.9% | $30,167 +3% |
| 2017 | $1,146 | $29,288 |
| 2016 | $1,146 +2.1% | $29,288 |
| 2014 | $1,123 | $29,288 +3% |
| 2013 | $1,123 | $28,435 -66.7% |
| 2011 | -- | $85,306 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 87124
Nearby schools
GreatSchools rating
- 5/10Rio Rancho Elementary SchoolGrades: K-5Distance: 0.2 mi
- 7/10Rio Rancho Middle SchoolGrades: 6-8Distance: 2.4 mi
- 7/10Rio Rancho High SchoolGrades: 9-12Distance: 1.7 mi
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