4238 E RAINBOW Drive, Gilbert, AZ 85297
FOR SALE
NEW - 2 DAYS AGO
3D VIEW

4238 E RAINBOW Drive
Gilbert, AZ 85297

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

$610,000

Est. Mortgage $3,441/mo*

$610,000

Est. Mortgage $3,441/mo*
5 Beds
3 Baths
2,520 sqft
We estimate this home will sell faster than 98% nearby.

Local Information

  • Map ViewExplore the area around 4238 E RAINBOW Drive.
  • Schools1 Preschool School1 Elementary School3 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

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!
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

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: 2Days on Market: 2

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: $610,000Price Per Sqft: $242
Status Change & Dates
Possession Timing: By Agreement

Active Status

MLS Status: Active

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

Agent Information

Listing Agent
Listing ID: 7046893

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 2 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
Buyer'sMarketSeller'sMarket
Avg. sale price
$572K
$2.17K
MoM
Sale-to-List Price
98.8%
0.2%
MoM
Price per sq ft
$278
$3
MoM
Available listings
1169
13
MoM

Price History for 4238 E RAINBOW Drive

DatePriceEventSource
06/26/2026$610,000Listed For SaleARMLS #7046893
06/14/2016$335,000Sold
ARMLS #5431089
05/10/2016$349,900PendingToActiveAgent Provided
04/26/2016$349,900PendingAgent Provided
04/20/2016$349,900Listed For SaleAgent Provided
11/04/2014$255,000Sold
ARMLS #5115353
06/12/2014$260,000ListingRemovedAgent Provided
05/15/2014$260,000Listed For SaleAgent Provided
07/30/2003$213,369Sold
N/A

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Property Tax and Assessment

Year2025
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.
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Assigned Schools

These are the assigned schools for 4238 E RAINBOW Drive.
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."

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.