Tucked into Los Rios, a small, quiet community along the Corrales border, this three-bedroom, two-bath Southwestern home delivers privacy, character, and unobstructed Sandia Mountain views--with a front-row seat to the color and spectacle of Balloon Fiesta. A beautiful front courtyard welcomes you inside, where a dramatic viga-and-latilla ceiling and adobe-brick half wall bring authentic Southwestern warmth to the living and dining areas. The kitchen features black honed granite countertops, while the flex room just off the kitchen offers valuable additional space. Recent improvements include a TPO roof and stucco completed in 2021, six newly installed Andersen windows with warranties, and fresh paint throughout the entire interior of the home. A substantial privacy wall surrounds the property. The oversized wraparound covered patio, complete with lighting, opens to a generous backyard with fruit trees, a lush, appropriately sized lawn, and automatic bubbler and sprinkler systems. Water as much as you like from your own private well--with no water bill!Set on a corner lot along a city-maintained road, the property also includes an oversized garage and no HOA. Shopping and dining are close by, while the Rio Grande, Bosque, and nearby trails are within walking distance. Southwestern charm, meaningful updates, mountain views, outdoor living, and a peaceful setting near Corrales come together in a home that is easy to enjoy and hard to duplicate.
Los Rios, located between NM-528 (Pat D’Arco Highway) and the Rio Grande bosque, is a residential and semi-rural Rio Rancho neighborhood with broad desert skies and irrigated greenbelts. The neighborhood’s character concentrates around the NM-528 and Northern Boulevard corridor, where local diners, repair shops, and small storefronts set a practical, day-to-day rhythm. Adobe-style homes, stucco ranch houses, and larger-lot properties read against arroyos and cottonwood-lined ditches. Corrales Road and nearby acequia paths add a slower, outdoors-forward feel for walking and cycling. The Rio Grande Nature Center State Park and the bosque trails shape weekend routines with shade, birdsong, and river views. A short drive north, Santa Ana Star Center and Rio Rancho Events Center bring concerts and games into the mix.
Provided by Walk Score and Local Logic
Market insights
5724 Rio Mimbres Rd NE · $499,500
DAYS ON MARKET
4 days
The average home goes pending in 56 days.
SALE-TO-LIST
98.7%
Most homes are selling 1% below list price.
LIST PRICE
$499,500
Median sale price in this area is $433,847. (13% lower than this home)
PRICE DROP
0 price drops
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Beamed ceilings
Breakfast bar
Ceiling fan(s)
Main level primary
Double pane, insulated windows with wood frames
Bedrooms
Primary bedroom on the main level
Bathrooms
2 full bathrooms
Kitchen
Free-standing gas range
Microwave
Refrigerator
Laundry & utility
Washer hookup
Electric dryer hookup
Gas dryer hookup
Flooring
Tile
Wood
No carpet
Heating & cooling
Central heating (forced air)
Evaporative cooling
Exterior features
Courtyard
Private yard
Covered patio
Wall fencing
Landscaped grounds
Few trees
Corner lot
Views
Home design
Single-story home
Flat roof
Frame and stucco construction
Resale property
Faces west
Parking
Attached garage with 2 spaces
Construction
Built with frame and stucco
Flat roof
Utilities
Electricity connected
Natural gas connected
Private well water
Septic tank
Electricity and solar
View estimated energy costs and solar savings for this home
Tucked into Los Rios, a small, quiet community along the Corrales border, this three-bedroom, two-bath Southwestern home delivers privacy, character, and unobstructed Sandia Mountain views—with a front-row seat to the color and spectacle of Balloon Fiesta. A beautiful front courtyard welcomes you inside, where a dramatic viga-and-latilla ceiling and adobe-brick half wall bring authentic Southwestern warmth to the living and dining areas. The kitchen features black honed granite countertops, while the flex room just off the kitchen offers valuable additional space. Recent improvements include a TPO roof and stucco completed in 2021, six newly installed Andersen windows with warranties, and fresh paint throughout the entire interior of the home. A substantial privacy wall surrounds the property. The oversized wraparound covered patio, complete with lighting, opens to a generous backyard with fruit trees, a lush, appropriately sized lawn, and automatic bubbler and sprinkler systems. Water as much as you like from your own private well—with no water bill! Set on a corner lot along a city-maintained road, the property also includes an oversized garage and no HOA. Shopping and dining are close by, while the Rio Grande, Bosque, and nearby trails are within walking distance. Southwestern charm, meaningful updates, mountain views, outdoor living, and a peaceful setting near Corrales come together in a home that is easy to enjoy and hard to duplicate.
Southwest MLS #1108814
Aug 12, 2026
Pending
—
Jul 30, 2026
Listed
$499,500
$278/sq ft
Public Records
May 23, 2023
Sold
—
Southwest MLS #1033466
Apr 29, 2023
Pending
—
Apr 28, 2023
Listed
$459,000
$256/sq ft
Public Records
May 20, 2021
Sold
—
Southwest MLS #989705
Apr 15, 2021
Pending
—
Apr 10, 2021
Listed
$365,000
$203/sq ft
Southwest MLS #1
Dec 15, 2020
Price Changed
$365,000
$203/sq ft
Dec 13, 2020
Price Changed
$379,000
$211/sq ft
Dec 10, 2020
Price Changed
$389,000
$217/sq ft
Dec 8, 2020
Price Changed
$399,000
$222/sq ft
Dec 1, 2020
Price Changed
$415,000
$231/sq ft
Nov 28, 2020
Price Changed
$419,900
$234/sq ft
Public Records
Sep 30, 2019
Sold
—
Southwest MLS #948464
Sep 30, 2019
Delisted
—
Jul 3, 2019
Pending
—
Jul 2, 2019
Listed
$289,000
$161/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,485 (−1.5%)
$16,667 + $140,504
$157,171
2024
$5,571 (+53.8%)
$16,667 + $140,504
$157,171
2023
$3,622 (+1.9%)
$16,667 + $137,901
$154,568
2022
$3,554 (+8.7%)
$16,667 + $80,560
$97,227
2021
$3,269 (+1.8%)
$16,667 + $80,560
$97,227
2020
$3,211 (+39.9%)
$16,667 + $71,862
$88,529
2019
$2,296 (+9.5%)
$16,667 + $44,367
$61,034
2018
$2,096 (+4.3%)
$16,667 + $44,367
$61,034
2017
$2,010 (−10.7%)
$12,207 + $45,323
$57,530
2016
$2,251 (+2.1%)
$12,207 + $45,323
$57,530
2015
$2,205 (+1.3%)
$12,207 + $45,323
$57,530
2014
$2,176
$12,207 + $45,323
$57,530
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
0.56 Acres
Year renovated
—
Finished Sq. Ft.
1,743
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,743
Year built
1997
Style
Single Family Residential
County
Sandoval County
APN
R139668
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
R-1
Single-Family Residential District
This district permits a low density of population in which the primary land use is a single-family dwelling unit.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Infrastructure
Public service
Educational/school
Recreation
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 95° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Rio Rancho, NM • 87144
Average low and high temperatures (°F)
48
25
61
33
69
40
72
45
79
52
91
63
91
65
92
66
84
58
75
50
59
34
56
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5724 Rio Mimbres Rd NE
$497,840
$1,660 under list price of $500K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $342K to $400K.