$270,000

504 Eastlake Dr SE Rio Rancho, NM 87124

Panorama Heights East Neighborhood

Estimated payment $1,775/month

Total Views 772
3 Beds
2 Baths
1,407 Sq Ft
$192 Price per Sq Ft

Highlights

  • Popular Property
  • Cathedral Ceiling
  • Separate Formal Living Room
  • Rio Rancho Elementary School Rated A-
  • Pueblo Architecture
  • Covered Patio or Porch

About This Home

Discover comfort and convenience in this charming 3-bedroom, 2-bath townhouse located in The Islands, a desirable 55+ gated community in Rio Rancho. Enjoy stunning Sandia Mountain views from the expansive covered patio, perfect for relaxing or entertaining. A welcoming private courtyard leads into a spacious family room featuring a cozy gas fireplace. The open kitchen and dining area offer raised-panel oak cabinets, stainless steel appliances, and a convenient wet bar, creating an ideal space for everyday living and hosting guests. The large primary suite includes a generous walk-in closet and a full bath for added comfort. Residents enjoy easy access to the community park and tranquil waterfall, adding to the peaceful ambiance of this sought-after neighborhood.Priced to Sell!!!

Listing Agent

Matthew DeAveiro

Coldwell Banker Legacy License #27807 Listed on: 12/01/2025

Coldwell Banker Legacy

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,598

Year Built

  • Built in 1987

Lot Details

  • 4,356 Sq Ft Lot
  • Property fronts a private road
  • West Facing Home
  • Landscaped

HOA Fees

  • $225 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Pueblo Architecture
  • Entry on the 1st floor
  • Frame Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,407 Sq Ft Home
  • Property has 1 Level
  • Wet Bar
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Entrance Foyer
  • Separate Formal Living Room
  • Property Views

Kitchen

  • Built-In Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Covered Courtyard

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number R041098, 0041098

Community Details

Overview

  • Association fees include common areas
  • 102 Units
  • Built by Beach
  • The Islands 2 Subdivision
  • Planned Unit Development

Amenities

  • Common Area

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,598

Year Built

Built in 1987

Lot Details

0

HOA Fees

$225 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Attached
  • Directions: Hwy 528 east on Eastlake Dr to Islands GatedCommunity, turn right to property.
  • Year Built: 1987
  • Lot Size Acres: 0.1
  • Road Frontage Type: Private Road
  • Road Surface Type: Asphalt
  • Subdivision Name: The Islands 2
  • Architectural Style: Pueblo
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Townhouse
  • Property Sub Type Additional: Attached,Townhouse
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Built-In Electric Range, Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Interior Amenities: Wet Bar, Cathedral Ceiling(s), Separate/Formal Dining Room, Entrance Foyer, Main Level Primary, Tub Shower, Walk-In Closet(s)
  • Stories: 1
  • Accessibility Features: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Custom, Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1407.0
  • Stories: 1
  • Window Features: Double Pane Windows, Insulated Windows

Exterior Features

  • Exterior Features: Courtyard, Landscaping
  • Roof: Tar/Gravel
  • Lot Features: Landscaped, Planned Unit Development, Views
  • Pool Private: No
  • View: Yes
  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Beach
  • Construction Type: Frame, Stucco
  • Direction Faces: West
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Covered, Patio
  • Property Condition: Resale

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Central, Forced Air, Natural Gas
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Laundry Features: Electric Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Common Grounds/Area
  • Association Fee: 225.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas

Green Features

  • Green Power: None

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: R041098, 0041098
  • Zoning Description: R-2

Multi Family

  • Number Of Units Total: 102

Tax Info

  • Tax Annual Amount: 1597.84

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,549 $46,335 $8,384 $37,951
2024 $1,523 $44,986 $8,085 $36,901
2023 $1,523 $43,676 $7,703 $35,973
2022 $1,477 $42,404 $7,314 $35,090
2021 $1,463 $41,169 $6,956 $34,213
2020 $1,419 $39,970 $0 $0
2019 $1,385 $38,806 $0 $0
2018 $1,262 $37,676 $0 $0
2017 $1,246 $37,676 $0 $0
2016 $1,396 $37,676 $0 $0
2014 $1,349 $37,676 $0 $0
2013 -- $35,676 $5,628 $30,048
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2025 12/01/25 For Sale $270,000 -- $192 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 1095195

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-013-069-028-423

New Mexico Sandoval County Rio Rancho 87124 Panorama Heights East

504 Eastlake Dr SE, Rio Rancho, NM

For Sale

Townhouses

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Southwest MLS (Greater Albuquerque Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Matthew DeAveiro
Listing Agent
Matthew DeAveiro
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Coldwell Banker Legacy
(505) 337-3098