# 408 Rainbow Boulevard SE #11, Rio Rancho, NM 87124 > **TL;DR:** land, $70,000. Est. $374/mo. Listed 175 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $70,000 | | Lot Size | 21,780 sqft (0.50 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 175 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $354 | | Estimated Insurance | $20 | | **Total** | **$374** | ## Nearby Schools - **Elementary:** Rio Rancho - **Middle:** Rio Rancho Mid High - **High:** Rio Rancho ## Property Highlights - 0.50 acre lot ## Description ### Agent Description Beautiful Half-Acre Opportunity in a Growing Area. Adjacent Lot Also Available This .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. ## Location - **Address:** 408 Rainbow Boulevard SE #11, Rio Rancho, NM 87124 - **County:** Sandoval - **Neighborhood:** Rio Rancho Estates - **Coordinates:** 35.250755, -106.736178 - **Google Maps:** https://www.google.com/maps?q=35.250755,-106.736178 ## Listing Agent - **Name:** Rose M Varona · **License:** 17735 - **Brokerage:** Realty One of New Mexico - **Broker Phone:** (505) 883-9400 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/408-Rainbow-Ct-SE_Albuquerque_NM_87123_M94895-93920?f=listhub&s=GAARNM&m=1103863&c=propsimple) ## Photos ![408 Rainbow Boulevard SE #11 - Photo 1](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f3016136257r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 2](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f1935479374r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 3](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f3379758844r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 4](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f1617688747r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 5](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f2516496665r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 6](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f4171561479r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 7](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f2776574698r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 8](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f509604304r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 9](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f1804735029r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 10](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f3790882656r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 11](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f1370110912r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 12](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f782418330r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 13](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f1617688747r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 14](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f1538116184r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 15](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f2997398268r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 16](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f2830024376r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 17](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f1829277909r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 18](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f1829277909r.jpg) ![408 Rainbow Boulevard SE #11 - Photo 19](http://lh.rdcpix.com/e42eaf0f9ce32d64817bb84eac985b01l-f4171561479r.jpg) --- **MLS#:** 1103863 | **Updated:** 2026-10-30 **Source:** listhub *Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/408-rainbow-boulevard-se-rio-rancho-nm-87124-12aa5ef0d79a411495ea2dadcd8e3575) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/408-rainbow-boulevard-se-rio-rancho-nm-87124-12aa5ef0d79a411495ea2dadcd8e3575#listing", "url": "https://www.propertysimple.ai/listing/408-rainbow-boulevard-se-rio-rancho-nm-87124-12aa5ef0d79a411495ea2dadcd8e3575", "name": "408 Rainbow Boulevard SE #11, Rio Rancho, NM 87124", "description": "Beautiful Half-Acre Opportunity in a Growing Area. Adjacent Lot Also Available This .5-acre lot offers the perfect blend of space, convenience, and future potential. 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