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$610,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 0.18 Acres
  • 3 Car Garage
  • Updated 12 minutes ago
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This stunning 5-bedroom, 3-bathroom corner lot home is nestled in the highly sought-after Power Ranch community in Gilbert! Thoughtfully designed and move-in ready, this home offers the perfect blend of comfort, style, and resort-style living. The exterior was painted in 2023, adding to the home's beautiful curb appeal from the moment you arrive. Step inside and you'll immediately feel the space and warmth this home has to offer, with a functional layout ideal for everyday living and entertaining. A full bedroom and bathroom on the main level provides flexibility for guests, a home office, or a private space for extended family. The real showstopper is the backyard. Designed for those who love to entertain and unwind, this resort-style outdoor oasis features a sparkling Pebble-Tec pool with a heater, brand-new turf, an extended covered patio perfect for outdoor dining, a built-in BBQ, and mature citrus trees that add beauty and charm year-round. The desirable north/south exposure helps keep the outdoor space comfortable and enjoyable. The home also comes with a transferable home warranty good through May 2027, which includes pool and HVAC maintenance for added peace of mind. As a Power Ranch resident, you'll enjoy access to two resort-style pools, two clubhouses, over 26 miles of scenic trails, catch-and-release fishing lakes, 25 pocket parks, basketball, volleyball, soccer and baseball fields, plus a packed community events calendar featuring farmers markets, movie nights, food truck events, and holiday celebrations. Top-rated Higley Unified School District schools are located right within the community, with easy access to SanTan Village, Loop 202, and Gilbert Gateway Towne Center. This one truly has it all!

Full Property Details for 4238 E Rainbow Dr

General

  • Price: $610,000
  • HOA FEE: $134/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $2,042 (2025)
  • Status: Active
  • Type: Single Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7046893
  • Updated: Today (6/26/2026)
  • Added to Site: Today

Interior

  • Interior Features: High Speed Internet, Double Vanity, Upstairs, Eat-in Kitchen, 9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, Laminate Counters
  • Appliances: Water Softener Owned, Gas Stub for Range, Built-in Microwave, Dishwasher, Gas Range, Gas Oven, Gas Cooktop
  • Flooring: Carpet, Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Inside, See Remarks, Wshr/Dry HookUp Only

Additional Information

  • Pool: Yes
  • Pool Description: Play Pool

Exterior

  • Exterior Features: Balcony, Built-in Barbecue

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Parking Features: Tandem Garage, Garage Door Opener, Direct Access, Attch'd Gar Cabinets, Temp Controlled

Location

  • County: Maricopa
  • Township: 2S
  • Subdivision: POWER RANCH
  • Cross Streets: Power & Germann

Community

  • Association: Yes
  • Assoc. Name: CCMC
  • Assoc. Fees Include: Maintenance Grounds

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Natural Gas

Utilities

  • Water: City Water

Structural Information

  • Builder: Standard Pacific
  • Exterior Const.: Stucco, Wood Frame, Painted
  • Roof: Tile
  • Windows: Solar Screens, Dual Pane
  • Sq. Ft. Source: Assessor
  • Year Built: 2003

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Size (Sq. Ft.): 7,769
  • Lot Size Source: Assessor
  • Lot Features: North/South Exposure, Corner Lot, Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Back

Financial Considerations

  • Association Fee: $402
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $2,042
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Ownership: Fee Simple
  • Legal Description: POWER RANCH NEIGHBORHOOD 4 MCR 513-17
  • Property ID: 313-01-865
  • Range: 6E
  • Section: 12
  • Lot Number: 302

Listed by Real Broker

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Listing agents

— 4238 E Rainbow Dr —

  • Real Broker

  • Real Broker

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Schools serving 4238 E Rainbow Dr

School District:Higley Unified District
NameGradesDistance
Power Ranch Elementary School
4351 South Ranch House Parkway, Gilbert, AZ 85297
K-60.2 mi
Higley High School
4068 East Pecos Road, Gilbert, AZ 85295
9-121.3 mi
Sossaman Middle School
18655 E Jacaranda Blvd, Queen Creek, AZ 85142
7-81.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4238 E Rainbow Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/26/2026
Listed
$610,000
82.09%
MLS
6/03/2016
Sold
$335,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4238 E Rainbow Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,042
-6%
$54,370
7%
2024
$2,183
—
$50,670
-7%
2023
$2,190
5%
$54,380
17%
2022
$2,092
—
$46,330
36%
2022
$2,092
-3%
$34,060
9%
2021
$2,156
-2%
$31,150
5%
2020
$2,198
3%
$29,710
10%
2019
$2,128
4%
$27,110
5%
2018
$2,053
4%
$25,820
5%
2017
$1,978
-2%
$24,520
3%
2016
$2,014
17%
$23,730
11%
2015
$1,721
1%
$21,350
26%
2014
$1,708
4%
$16,950
16%
2013
$1,647
—
$14,660
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4238 E Rainbow Drive, Gilbert, AZ 85297 (MLS# 7046893) is a Single Family property with 4 bedrooms and 3 full bathrooms. 4238 E Rainbow Drive is currently listed for $610,000 and was received on June 26, 2026. Want to learn more about 4238 E Rainbow Drive? Do you have questions about finding other Single Family real estate for sale in Gilbert? You can browse all Gilbert real estate or contact a Coldwell Banker agent to request more information.

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