4298 E Rainbow Dr, Gilbert, AZ 85297
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Property image
OFF MARKET

4298 E Rainbow Dr
Gilbert, AZ 85297

Power Ranch
  • 4 Beds
  • 2 Baths
  • 2,379 sqft

$584,400

Trulia Estimate
as of Aug 11, 2026
Est. Refi. Payment $3,283/mo*
Refinance Your Home

$584,400

Trulia Estimate
as of Aug 11, 2026
Est. Refi. Payment $3,283/mo*
Refinance Your Home
4 Beds
2 Baths
2,379 sqft

Home Value

Trulia Estimate
$584K
Since last month
Decreased$5K (-0.8%)
Since last year
Decreased$7K (-1.1%)
Since last sale
Increased$357K (+158.5%)
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 +89% in the last 10 years
MonthEstimated value
2026
August 2026$582K
July 2026$583K
June 2026$587K
May 2026$588K
April 2026$590K
March 2026$590K
February 2026$586K
January 2026$576K
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
4072 S SKYLINE Court, Gilbert, AZ
0.09
Single-Family Home
$611,000
08/29/25
4
2
2,379
4110 S Dewdrop Court, Gilbert, AZ
0.08
Single-Family Home
$565,000
03/23/26
4
2
1,678
4452 E MORENO Court, Gilbert, AZ
0.20
Single-Family Home
$430,000
12/18/25
4
2
1,698
4271 E Sundance Ave, Gilbert, AZ
0.11
Single-Family Home
$365,000
09/25/25
3
2
1,428
4160 S Splendor Court, Gilbert, AZ
0.30
Single-Family Home
$480,000
12/05/25
4
2
2,052
4122 S Shady Court, Gilbert, AZ
0.23
Single-Family Home
$480,000
11/18/25
4
2
1,678
4238 E RAINBOW Drive, Gilbert, AZ
0.11
Single-Family Home
$599,000
07/29/26
5
3
2,520
4080 S BANDIT Court, Gilbert, AZ
0.30
Single-Family Home
$457,500
06/24/26
4
2.5
2,120
4021 S DEW DROP Court, Gilbert, AZ
0.15
Single-Family Home
$535,000
02/26/26
4
3
1,765
4043 S SHADY Court, Gilbert, AZ
0.29
Single-Family Home
$475,000
08/14/25
4
2
1,678

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
4111 S Dewdrop Court, Gilbert, AZ 85297
0.06
$561,400
4
2
1,678
Off Market
4101 S DEWDROP Court, Gilbert, AZ 85297
0.08
$432,100
3
2
1,428
Off Market
4101 E DEWDROP Court, Gilbert, AZ 85297
0.08
$463,200
3
2
1,428
Off Market
4290 E SEASONS Circle, Gilbert, AZ 85297
0.04
$528,900
4
2
1,678
Off Market
4072 S SKYLINE Court, Gilbert, AZ 85297
0.09
$608,000
4
2
2,379
Off Market
4311 E SUNDANCE Court, Gilbert, AZ 85297
0.11
$576,500
4
2
2,149
Off Market
4110 S Dewdrop Court, Gilbert, AZ 85297
0.08
$565,000
4
2
1,678
Recently Sold
4100 S DEWDROP Court, Gilbert, AZ 85297
0.09
$516,500
4
3
1,895
Off Market
4321 E SUNDANCE Court, Gilbert, AZ 85297
0.12
$588,300
4
2
2,263
Off Market
4281 E Sundance Avenue, Gilbert, AZ 85297
0.11
$443,800
3
2
1,428
Off Market
4053 S SKYLINE Court, Gilbert, AZ 85297
0.13
$670,000
5
3.5
3,115
Recently Sold
4251 E Sundance Avenue, Gilbert, AZ 85297
0.11
$415,000
3
2
1,428
Recently Sold

Local Information

  • Map ViewExplore the area around 4298 E Rainbow Dr.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2002
Living Area
2,379 sqft
Price/Sqft
$246
Parking
Garage

About this House

Great furnished rental in the desirable Power Ranch subdivision.There are 4 spacious bedrooms with a split floor plan and an additional office/den. The master has a garden tub and separate shower with a huge walk-in closet. The high ceilings and 16'' tile floors make the home seem even more spacious.The backyard is very private with a flagstone patio and built-in barbeque. It is an over-sized lot with grass and colorful landscaping.There are 2 TV's with direct TV , and internet included.
4298 E Rainbow Dr, Gilbert, AZ 85297 is a 4 bedroom, 2 bathroom, 2,379 sqft single-family home in Power Ranch, built in 2002. It last sold for $225,000 on May 19, 2008. More recently, it was listed as a rental in February 2015 with an asking price of $3,500 per month. That rental listing was removed on March 22, 2015. It is currently off market. The Trulia Estimate is $584,400, with a rent estimate of $2,733/month.

Home Details for 4298 E Rainbow Dr

Interior Features

Heating & Cooling
Heating: Other, ElectricAir ConditioningCooling System: RefrigeratorHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Carpet
Interior Details
Number of Rooms: 6Types of Rooms: Dining RoomCeiling Fan
Appliances & Utilities
DishwasherMicrowaveRefrigerator
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: TileExterior: StuccoPatio
Parking & Garage
GarageParking Spaces: 2Parking: Garage Attached

Property Information

Year Built
Year Built: 2002
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Community

Units in Building: 1

Lot Information

Lot Area: 10593 sqft

Price and Tax history

DateEventPrice
Mar 22, 2015
Source: Agent Provided
ListingRemoved
$3,500
Feb 17, 2015
Source: Agent Provided
Listed For Rent
$3,500
Apr 26, 2014
Source: Agent Provided
ListingRemoved
$2,200
Apr 2, 2014
Source: Agent Provided
Listed For Rent
$2,200
May 10, 2013
Source: Agent Provided
ListingRemoved
$3,500

Market trends in Gilbert

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$569K
$3.33KMoM
Sale-to-List Price
98.9%
0.1%MoM
Price per sq ft
$279
$1MoM
Available listings
1121
48MoM
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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 4298 E Rainbow Dr

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Off Market Homes Near 4298 E Rainbow Dr

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Frequently asked questions about 4298 E Rainbow Dr

  • What is 4298 E Rainbow Dr estimated to be worth?
    Trulia's estimated value for 4298 E Rainbow Dr in Gilbert, AZ is $584,400.
  • What is the price history for 4298 E Rainbow Dr?
    4298 E Rainbow Dr in Gilbert, AZ last sold for $225,000 in May 2008.
  • 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 $569K. That is down $3.33K from the prior month.
  • Does 4298 E Rainbow Dr have air conditioning?
    Yes, 4298 E Rainbow Dr in Gilbert, AZ has air conditioning.
  • How big is the lot at 4298 E Rainbow Dr?
    The lot at 4298 E Rainbow Dr in Gilbert, AZ is about 0.24 acres (10,593 sq ft).