$70,000

active

408 Rainbow Boulevard SE, Rio Rancho, NM 87124

1 days on market

Lot

21,780 sqft

Type

land

About This Property

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.

Features & Amenities

None

Water: Other

Sewer: None

Subdivision: Rio Rancho Estates

Elementary: Rio Rancho

Middle: Rio Rancho Mid High

High: Rio Rancho

Property Details

MLS #	1103863
Property Type	land
Lot Size	21,780 sqft
Property Tax (est.)	$258/yr ($22/mo)
Status	Active
Days on Market	1

About Rio Rancho → Full Guide

Price vs. Neighborhood

This home

$70,000

Rio Rancho median

$340,000

79% below the Rio Rancho median. Homes here sell in an average of 29 days.

Commute Times

Unm

30 min

Downtown

25 min

Abq Studios

35 min

Sandia Labs

30 min

Kirtland Afb

35 min

Presbyterian

25 min

Intel Rio Rancho

10 min

Nearby Schools

Colinas del Norte Elementary

K-5 · RRPS

7/10

Cleveland High School

9-12 · RRPS

7/10

Lincoln Middle School

6-8 · RRPS

6/10

Rio Rancho High School

9-12 · RRPS

6/10

Neighborhood Guide

Explore Rio Rancho

Growing & Modern

Listing courtesy of Realty One of New Mexico. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.