4218 E  Rainbow Dr, Gilbert, AZ 85297
OFF MARKET

4218 E Rainbow Dr
Gilbert, AZ 85297

Power Ranch
  • 4 Beds
  • 2 Baths
  • 2,052 sqft

$512,100

Trulia Estimate
as of Jun 10, 2026
Est. Refi. Payment $2,837/mo*

$512,100

Trulia Estimate
as of Jun 10, 2026
Est. Refi. Payment $2,837/mo*
4 Beds
2 Baths
2,052 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Don't miss out on this charming home! Inside, you'll find tile flooring, recessed lighting, and plenty of living space to spread out and make memories. The beautiful kitchen stainless steel appliances, granite counters, a breakfast bar, and lots of space to cook and entertain. The backyard features a back patio and full fencing. Make this home yours today!

See the floorplan in the photo gallery to picture yourself in this home.

Live in a tech-friendly home. Smart Home is a monthly service that helps you manage access to your home and save on your energy bill. With our Smart Home features, you can remotely lock and unlock your front door, control your thermostat, and receive notifications about your home - all through the convenience of your mobile device or computer.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Invitation Homes. Msg & Data rates may apply.

Lease your Invitation Home through InvitationHomes.com or with the help of a licensed leasing agent. All leasing information is believed to be accurate, but changes may have occurred since photographs were taken and square footage is estimated. Furthermore, prices and dates may change without notice. Invitation Homes does not lease homes through Craigslist or other classified advertising services. Please note this home may be governed by a HOA and could require additional applications and/or fees. To better serve our residents, Invitation Homes is pet-friendly with some breed restrictions and allows up to three pets, with an upfront and monthly fee. Air Filter Delivery service is required at an additional fee above the rental price. Broker participation welcome, so please refer to MLS. Please contact your leasing agent for more information.

Additional fees may apply. In certain cases, move into your new home within 14 days of application receipt. Rent and fees are subject to applicable city tax. Monthly pool maintenance (chemical and equipment) fee plus applicable city tax if the home has a pool. Applicable city tax is added to the monthly rent, each month.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
No Info
Outdoor
Patio
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 4218 E Rainbow Dr

Interior Features

Heating & Cooling
Heating: Other, GasAir ConditioningCooling System: RefrigeratorHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Carpet, Laminate, Linoleum Vinyl
Interior Details
Number of Rooms: 8
Appliances & Utilities
DishwasherMicrowave

Exterior Features

Exterior Home Features
Roof: TileExterior: WoodPatio
Parking & Garage
Parking Spaces: 2Parking: None

Property Information

Year Built
Year Built: 2003
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 7069 sqft

Price History for 4218 E Rainbow Dr

DatePriceEventSource
10/12/2020$2,305ListingRemovedAgent Provided
10/09/2020$2,305PriceChange
Agent Provided
09/07/2020$2,325Listed For RentAgent Provided
08/06/2020$366,500Sold
ARMLS #6102576
07/17/2020$368,000PendingAgent Provided
07/13/2020$368,000Listed For SaleAgent Provided
05/15/2005$280,000Sold
ARMLS #2275097
03/31/2003$166,357Sold
N/A

Market trends in Gilbert

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$570K
$1.35K
MoM
Sale-to-List Price
98.6%
0.2%
MoM
Price per sq ft
$281
$1
MoM
Available listings
1155
56
MoM
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Property Tax and Assessment

Year2025
Tax$1,964
Assessment$438,800
Home facts updated by county records

Homeowner tools

Estimated monthly rent$2,658/mo

Homes for rent near 4218 E Rainbow Dr

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Comparable Sales for 4218 E Rainbow Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.13
Single-Family Home
$470,000
07/16/25
4
2
2,052
0.21
Single-Family Home
$480,000
12/05/25
4
2
2,052
0.19
Single-Family Home
$480,000
11/18/25
4
2
1,678
0.16
Single-Family Home
$599,000
08/05/25
4
2
2,379
0.14
Single-Family Home
$450,000
07/18/25
3
2
1,678
0.24
Single-Family Home
$475,000
08/14/25
4
2
1,678
0.19
Single-Family Home
$565,000
08/06/25
4
2
1,678
0.31
Single-Family Home
$430,000
12/18/25
4
2
1,698
0.28
Single-Family Home
$525,000
05/22/26
4
2
1,754
0.20
Single-Family Home
$365,000
09/25/25
3
2
1,428

Nearby homes

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Assigned Schools

These are the assigned schools for 4218 E Rainbow Dr.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Power Ranch

At least 107 Trulia users voted on each feature.
  • 99 % Say there are sidewalks

  • 93 % Say it's dog friendly

  • 93 % Say car is needed

  • 90 % Say kids play outside

  • 90 % Say there's holiday spirit

  • 86 % Say people would walk alone at night

  • 85 % Say streets are well-lit

  • 82 % Say parking is easy

  • 79 % Say yards are well-kept

  • 77 % Say it's quiet

  • 68 % Say they plan to stay for at least 5 years

  • 62 % Say neighbors are friendly

  • 52 % Say there's wildlife

  • 52 % Say there are community events

  • 44 % Say it's walkable to grocery stores

  • 35 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Emma Adarlo
    "We have Christmas bazaar,during Christmas season, food bags for the less fortunate, food trucks during spring outdoor movies, etc"
  • Tm2ndff27t
    "Pool parties, holiday events & participation. Community yard sales, block parties friendly neighbors "
  • Beatrembath
    "Nice neighborhood for (growing) families. Lots of families, parks, pools, walking trails, amenities. "
  • Trulia User
    "they offer many different events throughout the year, movie night in the park, snow at Christmas, carnival, Bunco, crafts, etc."
  • Trulia User
    "Too many rentals with random barking dogs constantly! The community property is not kept up. Yards are very small. "
  • Trulia User
    "Lots of parks and nice walking paths. Several families strolling around on a good weather day. Feels like a secluded community but multiple restaurants and bars just a walk or bike ride away!"
  • Trulia User
    "Power Ranch is a very family oriented community! Safe and friendly! Schools around Power Ranch are great!"
  • Trulia User
    "We moved in March 2021 to Gilbert, AZ and so far we like it. People are nice & friendly. What we don’t like is the crazy driving habits on side streets — like freeway driving — it’s risky and you hear accidents on the news each day!!! "
  • Trulia User
    "I moved here six months ago from the Bay Area. I like it that it’s quiet, clean & neighbors care about their front yard. "
  • Trulia User
    "Great neighborhood, great amenities , excellent schools, plenty of parks, safe, close to schools. Close to shops, restaurants, hospitals, dentists, and supermarkets. "
  • Trulia User
    "We moved here a month ago from San Francisco — so far we like it here. Most people are friendly and the community is very clean & safe. We like the many trails, vegetation, parks, pool, and it’s proximity to restaurants & stores. "
  • Erin D.
    "There are multiple fields for recreation use, paths for bikes, schools within the community and lots of activities for the whole family "
  • Tanya E.
    "I used to live in the Power Ranch Community for a year. I moved out of it, but was still visiting family who remained there. It has an amazing Clubhouse, The Barn is also great! It’s the neighborhood that I am trying to move back into."
  • Lwbaud
    "A mix of various price point homes. Well maintained, family oriented with parks, walking trails, elementary schools. "
  • Lwbaud
    "There are so many!!!!! Farmers Market/Good trunk Wednesdays, seasonal outings - like winter wonderland, clubs etc "
  • April S.
    "Too far, but self inflicted. We love it in power ranch but I work almost an hour commute away. Great neighborhood "
  • Nikki W.
    "Friendly neighbors. Can walk to the elementary school. Farmers markets. Tons of parks. 2 pools. So many events. Extremely safe neighborhood. "
  • Adam W.
    "There are a ton of kids in Power Ranch so be aware of the different unique amenities that each sub-neighborhood has so that your children can experience different activities."
  • Eric D.
    "going westbound in the morning and eastbound in the evening will have heavy traffic in both 202 and 60. "
  • Rudy H.
    "That is the one bad part of being this far out... traffic can be a nightmare but in the end it's well worth it as quality of life in the ranch is amazing."
  • Jjhageman
    "Power Ranch is a great neighborhood for families. Good schools and close to restaurants, freeways, and the SanTan Village shopping mall."
  • Rudy H.
    "it's the ranch... been here since the beginning and have no intention on ever leaving. very family oriented with well kept area's."
  • Katelyn3126
    "How safe and family oriented everything is makes power ranch very good for raising families. It's a little pricey, but it's worth it. There's lots of places around to eat and hang out."

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Homes for sale near 4218 E Rainbow Dr

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Off Market Homes Near 4218 E Rainbow Dr

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4218 E Rainbow Dr, Gilbert, AZ 85297 is a 4 bedroom, 2 bathroom, 2,052 sqft single-family home built in 2003. 4218 E Rainbow Dr is located in Power Ranch, Gilbert. This property is not currently available for sale. 4218 E Rainbow Dr was last sold on Aug 6, 2020 for $366,500. The current Trulia Estimate for 4218 E Rainbow Dr is $512,100.