Located within the city limits of Rio Rancho, this 1/2-acre parcel offers an ideal setting for your future home. Situated on a paved road for easy access, the property features an east-facing backyard with breathtaking views of the Sandia Mountains--perfect for enjoying colorful New Mexico sunrises. While electricity is available, water is just two lots away, making this a promising site for development. Whether you're looking to build now or invest for the future, this lot combines convenience, beauty, and potential.
- NM
- Rio Rancho
- 87124
- 724 Rainbow Boulevard NE
- MLS# 1085915
- Date Listed06/12/2025
- Days on Realty 238 Days
- Bedrooms -
- Bathrooms
- Lot Size 0.5 acres (21,780 sq. ft)
- Sewer None
- Subdivision RIo Rancho Estates
- Property Type
- County Sandoval
- Water Public
Exterior / Lot Features
- Roof -
- Lot Size Acres 0.50
- Lot Size SQFT 21,780.00
- Lot Features Level, Cleared, Views
Directions
From Northern and Rainbow, go South to the property on the East side of the road.
Financial Considerations
- Tax Amount $260
- Terms Cash, Conventional, FHA, VA Loan
Nearby Schools
Source: School Digger
Public • PK - 4 • Serves this home
6.51 mi
Distance
Public • 6 - 8 • Serves this home
3.95 mi
Distance
Public • 9 - 12 • Serves this home
5.53 mi
Distance
Public • PK - 4 • Serves this home
6.51 mi
Distance
Ventana Ranch Elementary School
Public • PK - 5
7.16 mi
Distance
Public • 6 - 8 • Serves this home
3.95 mi
Distance
Public • 6 - 8
4.6 mi
Distance
Public • 6 - 12
7.72 mi
Distance
Public • 9 - 12 • Serves this home
5.53 mi
Distance
Public • 9 - 12
6.98 mi
Distance
Public • 9 - 12
8.75 mi
Distance
Private • PK - 12
3.8 mi
Distance
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price |
|---|---|---|---|---|
| 1104 El Alhambra Circle | 4 | 3 | Jan 21, 2026 | $795,000 |
| 6304 Flor Del Sol Place NW | 5 | 3 | Jan 24, 2026 | $365,000 |
| 3308 BERKSHIRE Road NE | 4 | 2 | Jan 24, 2026 | $435,000 |
| 1313 Tulip Road SE | 5 | 3 | Dec 09, 2025 | $499,000 |
| 510 Albino | 4 | 4 | Dec 09, 2025 | $1,200,000 |
| 5405 Eakes Road NW | 4 | 5 | Jan 08, 2026 | $2,495,000 |
| 736 Bosque Dulce | 1 | 1 | Dec 22, 2025 | $411,000 |
| 400 Perea Lane | 4 | 3 | Dec 09, 2025 | $1,550,000 |
| 10305 Timan Place NW | 3 | 3 | Jan 22, 2026 | $495,000 |
| 5333 Roanoke Avenue NW | 3 | 2 | Jan 24, 2026 | $300,000 |
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 58,144 | 103,455 | 152,624 | 335,858,263 |
| Population Density | 783 | 1,004 | 41 | 95 |
| People per Household | 2.7 | 2.8 | 2.8 | 2.6 |
| Median Age | 38.8 | 37.9 | 39.6 | 39.1 |
| Median Income | $61,652 | $66,982 | $64,762 | $66,222 |
| Average Income | $28,508 | $29,279 | $29,188 | $35,475 |
| Cost of Living Index | 102 | 104 | 105 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 19.7°F | 19.7°F | 19.7°F | 22.6°F |
| July Avg. High Temp | 90°F | 90°F | 90°F | 86.2°F |
| Annual Precipitation | 9.28" | 9.28" | 9.28" | 38" |
1/100
Car-Dependent
Walk Score ®
25/100
Bikable
Bike Score ®
Overview
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 5/100, Transit Score: 0/100, Bike Score: 23/100.
Property Change History
Points of Interest near 724 Rainbow Boulevard NE, Rio Rancho, NM 87124
1.81 mi
Distance
1.88 mi
Distance
1.97 mi
Distance
1.98 mi
Distance
1.98 mi
Distance
2.09 mi
Distance
2.21 mi
Distance
2.23 mi
Distance
2.24 mi
Distance
2.27 mi
Distance
2.28 mi
Distance
2.2 mi
Distance
2.25 mi
Distance
2.27 mi
Distance
1.02 mi
Distance
1.3 mi
Distance
1.98 mi
Distance
2.01 mi
Distance
2.1 mi
Distance
2.21 mi
Distance
2.21 mi
Distance
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Frequently Asked Questions for 724 Rainbow Boulevard NE
Source: Realty.com
724 Rainbow Boulevard NE, Rio Rancho, NM 87124 is a , Land property listed for $65,000 The property is - sq. ft with - bedrooms and 0 bathrooms
Realty.com has 4 photos of 724 Rainbow Boulevard NE.
The full address for this home is 724 Rainbow Boulevard NE, Rio Rancho, NM 87124.
724 Rainbow Boulevard NE has been listed on Realty.com since Thu June 12, 2025
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 5/100, Transit Score: 0/100, Bike Score: 23/100.
There are 3 schools assigned to this home. Check out the schools near 724 Rainbow Boulevard NE. Shining Stars Preschool (Grades: PK - 4), Lincoln Middle School (Grades: 6 - 8), Rio Rancho High School (Grades: 9 - 12)
Listing provided courtesy of:
Coldwell Banker Legacy
(tel: 505-892-1000)
Listing agent:
Stephen Herkenhoff
(tel: 505-263-4566)
(#stephenh_CBLR15)
This content last refreshed on 2026-02-05 14:42:34. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 724 Rainbow Boulevard NE, Rio Rancho, NM 87124 : MLS# 1085915