For sale

$805,000

489 El Rey Dr, Corrales, NM 87048

3beds

3,012sqft

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Single Family Residence

Built in 1984

1 Acres Lot

$774,800 Zestimate^®

$267/sqft

$-- HOA

What's special

Stunning City & Mountain Views | Exclusive Private Gate Access | Major System UpdatesExperience 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 evaporative coolers, 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.

5 days

540

32

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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: 4 days
Listing terms: Cash,Conventional,FHA,VA Loan

Estimated market value

$774,800

$736,000 - $814,000

$3,428/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

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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