220 degree City & Mountain Views | Exclusive Private Gate Access | Major System Updates Experience the best of Corrales living in this beautiful home located within a private gated enclave shared by only three neighboring properties. Enjoy breathtaking views overlooking the city lights and the Sandia Mountains, creating a truly special setting.Built with quality 2x6 construction, this well-maintained home features extensive updates, including a replacement well (2015), septic system (2019), TPO roof (2022), and new paint (2020). Additional highlights include two en-suite bedrooms, a dedicated office with a mini-split, and a hot tub that conveys!Offering privacy, incredible views, and major improvements already completed, this exceptional Corrales property is a rare opportunity.
For sale
$805,000
489 El Rey Dr, Corrales, NM 87048
3beds
3,012sqft
Single Family Residence
Built in 1984
1 Acres Lot
$774,800 Zestimate®
$267/sqft
$-- HOA
What's special
Exclusive private gate accessTwo en-suite bedroomsHot tub that conveys
- 52 days |
- 814 |
- 30 |
Zillow last checked:
Listing updated:
Listed by:
The Venegas Group 505-591-0717,
Keller Williams Realty 505-271-8200
Source: SWMLS,MLS#: 1106034
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 4
Primary bedroom
- Level: Main
- Area: 396.31
- Dimensions: 24.6 x 16.11
Kitchen
- Level: Main
- Area: 239.36
- Dimensions: 13.6 x 17.6
Living room
- Level: Main
- Area: 418.88
- Dimensions: 22.4 x 18.7
Heating
- Baseboard
Cooling
- Multi Units
Appliances
- Included: Dishwasher, Free-Standing Electric Range, Disposal
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Features
- Beamed Ceilings, Breakfast Area, Kitchen Island, Multiple Living Areas, Main Level Primary
- Flooring: Tile, Wood
- Windows: Double Pane Windows, Insulated Windows
- Has basement: No
- Number of fireplaces: 3
- Fireplace features: Custom
Interior area
- Total structure area: 3,012
- Total interior livable area: 3,012 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Exterior features: Courtyard, Private Yard
Lot
- Size: 1 Acres
Details
- Parcel number: 1014067088059
- Zoning description: A-1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Adobe, Frame, Synthetic Stucco
- Roof: Flat
Condition
- Resale
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: El Rey Acres
Location
- Region: Corrales
Financial & listing details
- Price per square foot: $267/sqft
- Tax assessed value: $493,201
- Annual tax amount: $5,213
- Date on market: 6/23/2026
- Cumulative days on market: 51 days
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$774,800
$736,000 - $814,000
$3,443/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Listed for sale | $805,000+78.9%$267/sqft |
Source:  SWMLS #1106034 Report a problem | ||
| 2/16/2015 | Listing removed | $450,000$149/sqft |
Source: Coldwell Banker Legacy #830596 Report a problem | ||
| 1/2/2015 | Listed for sale | $450,000+2.3%$149/sqft |
Source: Coldwell Banker Legacy #830596 Report a problem | ||
| 11/19/2014 | Listing removed | $439,900$146/sqft |
Source: Coldwell Banker Legacy #826897 Report a problem | ||
| 10/29/2014 | Price change | $439,900-2.2%$146/sqft |
Source: Coldwell Banker Legacy #826897 Report a problem | ||
| 8/23/2014 | Price change | $450,000-5.3%$149/sqft |
Source: Coldwell Banker Legacy #815327 Report a problem | ||
| 7/22/2014 | Price change | $475,000-1.5%$158/sqft |
Source: Coldwell Banker Legacy #815327 Report a problem | ||
| 6/14/2014 | Price change | $482,000-3.6%$160/sqft |
Source: Coldwell Banker Legacy #815327 Report a problem | ||
| 5/22/2014 | Listed for sale | $500,000$166/sqft |
Source: Coldwell Banker Legacy #815327 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,065 +0.1% | $164,400 +3% |
| 2024 | $5,059 +2.6% | $159,612 +3% |
| 2023 | $4,932 +2% | $154,964 +3% |
| 2022 | $4,833 +0.9% | $150,450 +3% |
| 2021 | $4,788 +3% | $146,068 +3% |
| 2020 | $4,647 | $141,814 +3% |
| 2019 | -- | $137,684 +3% |
| 2018 | $4,098 -2.9% | $133,674 +3% |
| 2017 | $4,221 | $129,780 +3% |
| 2016 | $4,221 +36.7% | $126,000 +37.7% |
| 2014 | $3,087 | $91,492 +5.4% |
| 2013 | $3,087 | $86,827 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87048
Nearby schools
GreatSchools rating
- 8/10Corrales Elementary SchoolGrades: K-7Distance: 2.5 mi
- 3/10Cibola High SchoolGrades: 9-12Distance: 1.1 mi
- 4/10Taylor Middle SchoolGrades: 6-8Distance: 3.1 mi
- $--3 bd2 ba1.9k sqft457 El Rey Dr, Corrales, NM 87048Sold
- $671,3003 bd2 ba2.9k sqft130 Palacio Rd, Corrales, NM 87048Off Market
- $621,9003 bd3 ba2.7k sqft537 El Rey Dr, Corrales, NM 87048Off Market
- $--4 bd4 ba3.5k sqft140 Palacio Rd, Corrales, NM 87048Sold
- $921,000-- bd-- ba2.9k sqft410 El Rey Dr, Corrales, NM 87048Off Market
- $1,033,4003 bd1 ba3.3k sqft110 Palacio Rd, Corrales, NM 87048Off Market
- $--4 bd4 ba4.4k sqft540 El Rey Dr, Corrales, NM 87048Sold
- $765,7004 bd3 ba2.9k sqft168 Palacio Rd, Corrales, NM 87048Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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