4238 E RAINBOW Drive
Gilbert, AZ 85297
Power Ranch- 5 Beds
- 3 Baths
- 2,520 sqft
5 Beds
3 Baths
2,520 sqft
We estimate this home will sell faster than 98% nearby.
Local Information
-- mins to
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!
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!
We estimate this home will sell faster than 98% nearby.
Home Highlights
Parking
Garage
Outdoor
Patio, Pool
A/C
Heating & Cooling
HOA
$134/Monthly
Price/Sqft
$242
Listed
2 days ago
Home Details for 4238 E RAINBOW Drive
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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 |
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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 |
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Cumulative Days on Market: 2Days on Market: 2 |
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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 |
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Price List Price: $610,000Price Per Sqft: $242 |
Status Change & Dates Possession Timing: By Agreement |
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MLS Status: Active |
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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 |
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Listing Agent Listing ID: 7046893 |
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Building Details Builder Name: Standard Pacific |
Building Area Building Area: 2520 Square Feet |
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Community Features: Pool, Pickleball, Lake, Community Spa, Community Spa Htd, Tennis Court(s), Playground, Biking/Walking Path |
Other Playground |
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HOA Fee Includes: Maintenance GroundsHOA Name: CCMCHOA Phone: 480-921-7500Has an HOAHOA Fee: $402/Quarterly |
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Lot Area: 7769 sqft |
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Listing Terms: Cash, Conventional, FHA, VA Loan |
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Business Information Ownership: Fee Simple |
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Mls Number: 7046893 |
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PoolPickleballLakeCommunity SpaCommunity Spa HtdTennis Court(s)PlaygroundBiking/Walking Path |
Last check for updates: about 4 hours ago
Listing courtesy of Cristina A Pulido, (714) 418-8110
Real Broker
Shannon Gillette, (480) 518-6885
Real Broker
Source: ARMLS, MLS#7046893

Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Market trends in Gilbert
Last updated May 2026
Avg. sale price
$572K
$2.17KMoM
Sale-to-List Price
98.8%
0.2%MoM
Price per sq ft
$278
$3MoM
Available listings
1169
13MoM
Price History for 4238 E RAINBOW Drive
| Date | Price | Event | Source |
|---|---|---|---|
| 06/26/2026 | $610,000 | Listed For Sale | ARMLS #7046893 |
| 06/14/2016 | $335,000 | Sold | ARMLS #5431089 |
| 05/10/2016 | $349,900 | PendingToActive | Agent Provided |
| 04/26/2016 | $349,900 | Pending | Agent Provided |
| 04/20/2016 | $349,900 | Listed For Sale | Agent Provided |
| 11/04/2014 | $255,000 | Sold | ARMLS #5115353 |
| 06/12/2014 | $260,000 | ListingRemoved | Agent Provided |
| 05/15/2014 | $260,000 | Listed For Sale | Agent Provided |
| 07/30/2003 | $213,369 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,996 |
| Assessment | $506,700 |
Home facts updated by county records
Comparable Sales for 4238 E RAINBOW Drive
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.17 | Single-Family Home | $615,000 | 11/24/25 | 4 | 2.5 | 2,640 | |
0.19 | Single-Family Home | $750,000 | 04/09/26 | 5 | 3 | 3,015 | |
0.15 | Single-Family Home | $470,000 | 07/16/25 | 4 | 2 | 2,052 | |
0.14 | Single-Family Home | $599,000 | 08/05/25 | 4 | 2 | 2,379 | |
0.25 | Single-Family Home | $535,000 | 02/26/26 | 4 | 3 | 1,765 | |
0.17 | Single-Family Home | $520,000 | 07/31/25 | 4 | 3 | 1,895 | |
0.24 | Single-Family Home | $670,000 | 10/23/25 | 5 | 3.5 | 3,115 | |
0.20 | Single-Family Home | $611,000 | 08/29/25 | 4 | 2 | 2,379 | |
0.23 | Single-Family Home | $480,000 | 12/05/25 | 4 | 2 | 2,052 | |
0.31 | Single-Family Home | $520,000 | 03/18/26 | 4 | 2.5 | 2,006 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 4238 E RAINBOW Drive.
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Cristina A Pulido, Real Broker
Agent Phone: (714) 418-8110

4238 E RAINBOW Drive, Gilbert, AZ 85297 is a 5 bedroom, 3 bathroom, 2,520 sqft single-family home built in 2003. 4238 E RAINBOW Drive is located in Power Ranch, Gilbert. This property is currently available for sale and was listed by ARMLS on Jun 26, 2026. The MLS # for this home is MLS# 7046893.

