$70,000
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408 Rainbow Boulevard Se, Rio Rancho, NM 87124

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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.

Listing By: Rose M Varona - Realty One of New Mexico nmswmls Realty.com
  • MLS# 1103863
  • Date Listed05/09/2026
  • Days on Realty 164 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.5 acres (21,780 sq. ft)
  • Sewer None
  • Subdivision Rio Rancho Estates
  • Property Type
  • County Sandoval
  • Water Other

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.50
  • Lot Size SQFT 21,780.00
  • Lot Features None

Directions

From Southern and Unser go West on Southern to Rainbow turn Right towards Inca and Rainbow. Lots on the right of Rainbow

Financial Considerations

  • Tax Amount $258
  • Terms Cash, Conventional, FHA, VA Loan

Schools near 87124

Explore the local neighborhood highlights and top-rated schools near 87124 in Rio Rancho, NM.

Nearby Schools

Source: School Digger

Ventana Ranch Elementary School

Public • PK - 5 • Serves this home

5.11 mi

Distance

Petroglyph Elementary School

Public • PK - 5

7.16 mi

Distance

Shining Stars Preschool

Public • PK - 4

7.37 mi

Distance

Lincoln Middle School

Public • 6 - 8

3.89 mi

Distance

Eagle Ridge Middle School

Public • 6 - 8

4.98 mi

Distance

James Monroe Middle School

Public • 6 - 8

6.23 mi

Distance

Tony Hillerman Middle School

Public • 6 - 8

7.11 mi

Distance

Rio Rancho Cyber Academy

Public • 6 - 12 • Serves this home

7.13 mi

Distance

Rio Rancho High School

Public • 9 - 12 • Serves this home

5.49 mi

Distance

The Ask Academy

Public • 9 - 12

6.33 mi

Distance

Volcano Vista High School

Public • 9 - 12

7.11 mi

Distance

Cibola High School

Public • 9 - 12

7.45 mi

Distance

Gospel Light Baptist Academy

Private • PK - 12

2.4 mi

Distance

Paradise Christian School

Private • KG - 12

6.23 mi

Distance

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for 87124

Discover key demographics, population statistics, and environmental insights for the Rio Rancho, NM area.

Population & Environment

Source: Sperling's Best Places

Walkability in NM / 87124

Source: Walk Score

3/100

Car-Dependent

Walk Score ®

0/100

Minimal Transit

Transit Score ®

34/100

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: 6/100, Transit Score: 0/100, Bike Score: 25/100.

Property Change History

Agent added 19 new photos to the listing
0 → 19 photos
Property Lot Features updated
Level → None

Points of Interest near 408 Rainbow Boulevard SE, Rio Rancho, NM 87124

Frequently Asked Questions for 408 Rainbow Boulevard SE

Source: Realty.com

408 Rainbow Boulevard SE, Rio Rancho, NM 87124 in Rio Rancho Estates, Rio Rancho, NM 87124 is a land listed at $70,000. Highlights include 0.50 acre lot. Realty.com has 19 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 19 photos of 408 Rainbow Boulevard SE.

The full address for this home is 408 Rainbow Boulevard SE, Rio Rancho, NM 87124.

408 Rainbow Boulevard SE has been listed on Realty.com since Sat May 09, 2026

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: 6/100, Transit Score: 0/100, Bike Score: 25/100.

There are 3 schools assigned to this home. Check out the schools near 408 Rainbow Boulevard SE. Ventana Ranch Elementary School (Grades: PK - 5), Rio Rancho Cyber Academy (Grades: 6 - 12), Rio Rancho High School (Grades: 9 - 12)

Listing provided courtesy of: Realty One Of New Mexico (tel: 505-883-9400)
Listing agent: Rose Varona (tel: 505-507-3959) (#rvarona)

This content last refreshed on 2026-10-20 07:39:28. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.