4238 E Rainbow Drive, Gilbert, AZ 85297

$599,000
5
BD
3
BA
2,520
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$599,000
Price Change
▼ $11,000 1782939291
Days on Market
10
Status
PENDING
MLS#
7046893
City
Gilbert
Bedrooms
5
Bathrooms
3
Living SQFT
2,520
Lot Size
7,769
Subdivision
Power Ranch
Year Built
2003
Type
Single Family Residence

Property Description

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!

Additional Information

Elementary School
Power Ranch Elementary
High School
Higley High School
Middle School
Sossaman Middle School
Acres
0.18
Assoc Fee Includes
Maintenance Grounds
Hoa Fee
$402
Hoa Fee Frequency
Quarterly
Hoa
Yes
Hoa Name
CCMC
Builder Name
Standard Pacific
Community
Power Ranch
Community Features
Lake, Community Spa, Community Spa Htd, Tennis Court(s), Playground, Biking/Walking Path, Clubhouse, Pickleball
Construction
Wood Frame, Painted, Stucco
Cooling
Ceiling Fan(s), Central Air
Exterior Features
Balcony, Built-in Barbecue
Fencing
Block
Flooring
Carpet, Tile, Wood
Garage Spaces
3
Heating
Natural Gas
Laundry
Washer Hookup, Inside, See Remarks
Living Area
2,520
Lot Size
7,769
New Financing
Cash, VA Loan, FHA, Conventional
Other Rooms
Family Room
Parking Features
Tandem, Garage Door Opener, Attch'd Gar Cabinets, Temp Controlled, Direct Access
Lot Features
Corner Lot, North/South Exposure, Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Back
Roofing
Tile
Pool
Yes
Spa
None
Stories
2
Subdivision
Power Ranch
Taxes
$2,042
Tax Year
2025
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Real Broker.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.