4238 E RAINBOW Drive, Gilbert, AZ 85297
Property image
Property image
SOLD
JUL 29, 2026

4238 E RAINBOW Drive
Gilbert, AZ 85297

Power Ranch
  • 5 Beds
  • 3 Baths
  • 2,520 sqft

$599,000

Last Sold: Jul 29, 2026
$238/sqft
Est. Refi. Payment $3,363/mo*
Refinance Your Home

$599,000

Last Sold: Jul 29, 2026
$238/sqft
Est. Refi. Payment $3,363/mo*
Refinance Your Home
5 Beds
3 Baths
2,520 sqft

Home Value

Trulia Estimate
$598K
Since last month
Decreased$11K (-1.8%)
Since last year
Decreased$23K (-3.7%)
Since last sale
Increased$400 (+0.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +77% in the last 10 years
MonthEstimated value
2026
August 2026$599K
July 2026$598K
June 2026$610K
May 2026$624K
April 2026$626K
March 2026$623K
February 2026$618K
January 2026$613K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4130 E SUNDANCE Avenue, Gilbert, AZ
0.17
Single-Family Home
$615,000
11/24/25
4
2.5
2,640
4071 E SUNDANCE Court, Gilbert, AZ
0.24
Single-Family Home
$550,000
06/29/26
5
3
2,640
4207 S COZY Way, Gilbert, AZ
0.19
Single-Family Home
$750,000
04/09/26
5
3
3,015
4072 S SKYLINE Court, Gilbert, AZ
0.20
Single-Family Home
$611,000
08/29/25
4
2
2,379
4053 S SKYLINE Court, Gilbert, AZ
0.24
Single-Family Home
$670,000
10/23/25
5
3.5
3,115
4021 S DEW DROP Court, Gilbert, AZ
0.25
Single-Family Home
$535,000
02/26/26
4
3
1,765
4338 E LANTERN Place, Gilbert, AZ
0.52
Single-Family Home
$617,500
12/09/25
5
3
2,667
3942 S MANDARIN Way, Gilbert, AZ
0.31
Single-Family Home
$520,000
03/18/26
4
2.5
2,006
4160 S Splendor Court, Gilbert, AZ
0.23
Single-Family Home
$480,000
12/05/25
4
2
2,052

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
4229 E SEASONS Circle, Gilbert, AZ 85297
0.03
$519,100
3
2
1,683
Off Market
4256 E CLOUDBURST Court, Gilbert, AZ 85297
0.06
$612,100
4
2
2,052
Off Market
4255 E CLOUDBURST Court, Gilbert, AZ 85297
0.10
$568,900
5
3
2,520
Off Market
4271 S Splendor Place, Gilbert, AZ 85297
0.11
$492,600
3
2
1,683
Off Market
4182 E SEASONS Circle, Gilbert, AZ 85297
0.12
$558,800
4
2
2,052
Off Market
4290 E SEASONS Circle, Gilbert, AZ 85297
0.12
$528,900
4
2
1,678
Off Market
4192 E Seasons, Gilbert, AZ 85297
0.12
$558,800
4
2
2,052
Off Market
4240 S SPLENDOR Place, Gilbert, AZ 85297
0.13
$574,200
4
2
2,052
Off Market
4190 E SEASONS Circle, Gilbert, AZ 85297
0.12
$499,400
3
2
1,683
Off Market
4210 E Seasons Circle, Gilbert, AZ 85297
0.12
$478,600
4
2
1,678
Off Market
4230 S SPLENDOR Court, Gilbert, AZ 85297
0.13
$505,300
3
2
1,683
Off Market

Local Information

  • Map ViewExplore the area around 4238 E RAINBOW Drive.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2003
Living Area
2,520 sqft
Price/Sqft
$238/sqft
Parking
Garage
HOA
$134/Monthly

About this House

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!
4238 E RAINBOW Drive, Gilbert, AZ 85297 is a 5 bedroom, 3 bathroom, 2,520 sqft single-family home in Power Ranch, built in 2003. It last sold for the $599,000 asking price on Jul 29, 2026. It is currently off market. The Trulia Estimate is $597,700, with a rent estimate of $3,118/month.

Home Details for 4238 E RAINBOW Drive

Interior Features

Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 3Number of Bathrooms (full): 3
Dimensions and Layout
Living Area: 2520 Square Feet
Appliances & Utilities
Appliances: Water Softener Owned, Gas Stub for Range, Built-in Microwave, Dishwasher, Gas Range, Gas Oven, Gas CooktopDishwasherLaundry: Inside,See Remarks
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Spa: None, BathNo Fireplace
Windows, Doors, Floors & Walls
Window: Solar Screens, Double Pane WindowsFlooring: Carpet, Tile, Wood
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Floors: Carpet, Tile, Wood

Exterior Features

Exterior Home Features
Roof: TilePatio / Porch: Covered, PatioFencing: BlockExterior: Balcony, Built-in BarbecueHas a Private Pool
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Open Parking Spaces: 2No CarportHas a GarageHas Open ParkingParking Spaces: 5Parking: Tandem Garage,Garage Door Opener,Direct Access,Attch'd Gar Cabinets,Temp Controlled
Pool
Pool: Play PoolPool
Frontage
Responsible for Road Maintenance: City Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 10

Property Information

Year Built
Year Built: 2003
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Stucco, Wood Frame, PaintedNot Attached Property
Property Information
Parcel Number: 31301865

Price & Status

Price
List Price: $599,000Price Per Sqft: $238/sqft
Status Change & Dates
Off Market Date: Mon Jul 06 2026Possession Timing: By Agreement

Active Status

MLS Status: Closed

Media

Location

Direction & Address
City: GilbertCommunity: POWER RANCH
School Information
Elementary School: Power Ranch ElementaryElementary School District: Higley Unified School DistrictJr High / Middle School: Sossaman Middle SchoolHigh School: Higley High SchoolHigh School District: Higley Unified School District

Building

Building Details
Builder Name: Standard Pacific
Building Area
Building Area: 2520 Square Feet

Community

Community Features: Pool, Pickleball, Lake, Community Spa, Community Spa Htd, Tennis Court(s), Playground, Biking/Walking Path
Other
Playground

HOA

HOA Fee Includes: Maintenance GroundsHOA Name: CCMCHOA Phone: 480-921-7500Has an HOAHOA Fee: $402/Quarterly

Lot Information

Lot Area: 7769 sqft

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 7046893

Additional Information

PoolPickleballLakeCommunity SpaCommunity Spa HtdTennis Court(s)PlaygroundBiking/Walking Path
Last check for updates: about 18 hours ago
Listed by Cristina A Pulido, (714) 418-8110
Real Broker
Shannon Gillette, (480) 518-6885
Real Broker
Bought with: Robert A Hastings, (480) 322-5982, HomeSmart
Source: ARMLS, MLS#7046893
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Price and Tax history

DateEventPrice
Jul 29, 2026
Source: ARMLS #7046893
Sold
$599,000
Jul 6, 2026
Source: ARMLS #7046893
Pending
$599,000
Jul 1, 2026
Source: ARMLS #7046893
PriceChange
$599,000
Price decreased by 2%
Jun 26, 2026
Source: ARMLS #7046893
Listed For Sale
$610,000
Jun 14, 2016
Source: ARMLS #5431089
Sold
$335,000

Market trends in Gilbert

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$574K
$4.67KMoM
Sale-to-List Price
98.9%
Price per sq ft
$279
$0MoM
Available listings
1109
12MoM
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Around this home

Neighborhood Overview

Power Ranch
See Local Highlights
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"
    1
    Flag
  • Tm2ndff27t
    "Pool parties, holiday events & participation. Community yard sales, block parties friendly neighbors "
    0
    Flag
  • Beatrembath
    "Nice neighborhood for (growing) families. Lots of families, parks, pools, walking trails, amenities. "
    0
    Flag
  • Trulia User
    "they offer many different events throughout the year, movie night in the park, snow at Christmas, carnival, Bunco, crafts, etc."
    0
    Flag
  • Trulia User
    "Too many rentals with random barking dogs constantly! The community property is not kept up. Yards are very small. "
    0
    Flag
  • 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!"
    1
    Flag
  • Trulia User
    "Power Ranch is a very family oriented community! Safe and friendly! Schools around Power Ranch are great!"
    0
    Flag
  • 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!!! "
    2
    Flag
  • 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. "
    2
    Flag
  • Trulia User
    "Great neighborhood, great amenities , excellent schools, plenty of parks, safe, close to schools. Close to shops, restaurants, hospitals, dentists, and supermarkets. "
    1
    Flag
  • 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. "
    0
    Flag
  • Erin D.
    "There are multiple fields for recreation use, paths for bikes, schools within the community and lots of activities for the whole family "
    1
    Flag
  • 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."
    11
    Flag
  • Lwbaud
    "A mix of various price point homes. Well maintained, family oriented with parks, walking trails, elementary schools. "
    4
    Flag
  • Lwbaud
    "There are so many!!!!! Farmers Market/Good trunk Wednesdays, seasonal outings - like winter wonderland, clubs etc "
    0
    Flag
  • April S.
    "Too far, but self inflicted. We love it in power ranch but I work almost an hour commute away. Great neighborhood "
    0
    Flag
  • Nikki W.
    "Friendly neighbors. Can walk to the elementary school. Farmers markets. Tons of parks. 2 pools. So many events. Extremely safe neighborhood. "
    2
    Flag
  • 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."
    4
    Flag
  • Eric D.
    "going westbound in the morning and eastbound in the evening will have heavy traffic in both 202 and 60. "
    0
    Flag
  • 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."
    1
    Flag
  • Jjhageman
    "Power Ranch is a great neighborhood for families. Good schools and close to restaurants, freeways, and the SanTan Village shopping mall."
    6
    Flag
  • 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."
    6
    Flag
  • 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."
    7
    Flag

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Homes for sale near 4238 E RAINBOW Drive

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Off Market Homes Near 4238 E RAINBOW Drive

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Frequently asked questions about 4238 E RAINBOW Drive

  • What is 4238 E RAINBOW Drive estimated to be worth?
    Trulia's estimated value for 4238 E RAINBOW Drive in Gilbert, AZ is $597,700.
  • What is the price history for 4238 E RAINBOW Drive?
    4238 E RAINBOW Drive in Gilbert, AZ last sold for $599,000 in July 2026.
  • Is Gilbert a buyer's or seller's market?
    Gilbert is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Gilbert?
    The median sale price in Gilbert is $574K. That is up $4.67K from the prior month.
  • Does 4238 E RAINBOW Drive have air conditioning?
    Yes, 4238 E RAINBOW Drive in Gilbert, AZ has air conditioning.
  • Does 4238 E RAINBOW Drive have a pool?
    Yes, 4238 E RAINBOW Drive in Gilbert, AZ has a pool.