For sale

$254,000

4705 Palmas Altas Dr SE, Rio Rancho, NM 87124

3beds

1,242sqft

Est.:

Single Family Residence

Built in 1976

0.25 Acres Lot

$253,400 Zestimate^®

$205/sqft

$-- HOA

What's special

Stunning surroundingsSpacious lotBreathtaking views

Investor Special with Incredible Views!Set on a generous 0.25-acre lot, this 3-bedroom, 2-bath home offers breathtaking views and endless potential for the right buyer. The property is in need of a full renovation and plenty of TLC, making it a prime opportunity for investors, flippers, or buyers looking to create their dream home from the ground up. With a solid footprint, spacious lot, and stunning surroundings, this is your chance to add significant value and bring new life to a home in a truly special setting. Cash or renovation loans recommended.

36 days

2,190

31

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: Main
Area: 161.46
Dimensions: 13 x 12.42

Kitchen

Level: Main
Area: 66.78
Dimensions: 9 x 7.42

Living room

Level: Main
Area: 211.14
Dimensions: 17 x 12.42

Heating

Central, Forced Air

Cooling

Evaporative Cooling

Appliances

Laundry: Gas Dryer Hookup

Features

Main Level Primary
Flooring: Laminate, Tile
Windows: Double Pane Windows, Insulated Windows, Single Pane
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,242
Total interior livable area: 1,242 sqft

Property

Parking

Total spaces: 2
Parking features: Attached, Door-Multi, Garage, Two Car Garage
Attached garage spaces: 2

Features

Levels: One
Stories: 1
Exterior features: Private Yard

Lot

Size: 0.25 Acres

Details

Additional structures: Shed(s)
Parcel number: R0366540036654
Zoning description: SU

Construction

Type & style

Home type: SingleFamily
Architectural style: Pueblo
Property subtype: Single Family Residence

Materials

Concrete, Stucco
Foundation: Slab
Roof: Flat,Tar/Gravel

Condition

Resale
New construction: No
Year built: 1976

Utilities & green energy

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: $205/sqft
Tax assessed value: $115,123
Annual tax amount: $1,383
Date on market: 1/12/2026
Listing terms: Cash,Conventional

Estimated market value

$253,400

$241,000 - $266,000

$1,852/mo

Price history

Date	Event	Price
2/1/2026	Listed for sale	$254,000$205/sqft
Source: SWMLS #1096661 Report a problem
1/16/2026	Pending sale	$254,000$205/sqft
Source: SWMLS #1096661 Report a problem
1/12/2026	Listed for sale	$254,000$205/sqft
Source: SWMLS #1096661 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,339 -0.3%	$38,374 +3%
2024	$1,343 +2.6%	$37,257 +3%
2023	$1,308 +1.9%	$36,171 +3%
2022	$1,284 +0.8%	$35,118 +3%
2021	$1,274 +3%	$34,095 +3%
2020	$1,237 +2.3%	$33,102 +3%
2019	$1,209 +9.5%	$32,138 +3%
2018	$1,104 -6.9%	$31,202 +3%
2017	$1,185	$30,294
2016	$1,185 +2.1%	$30,294
2014	$1,161	$30,294 +3%
2013	$1,161	$29,411 -66.7%
2011	--	$88,235