Discover peaceful, secure living in The Islands, a premier 55+ gated community. This charming 2-bedroom, 2-bathroom home boasts high ceilings, a cozy fireplace, and an abundance of natural light. Step outside to your private, fenced patio, the perfect spot for morning coffee or evening relaxation. Ideally located near shops and cafes, this home is positioned to benefit from upcoming/exciting nearby developments, including a vibrant new town center with dining and gathering spaces. Experience the perfect mix of comfort, convenience, and growth.
For sale
Price cut: $6.9K (7/18)
$265,000
616 Eastlake Dr SE, Rio Rancho, NM 87124
2beds
1,480sqft
Townhouse
Built in 1987
3,484 Square Feet Lot
$263,000 Zestimate®
$179/sqft
$225/mo HOA
What's special
Cozy fireplaceHigh ceilingsPrivate fenced patioAbundance of natural light
- 111 days
- 705
- 48
Zillow last checked:
Listing updated:
Listed by:
Ewan K Jones 505-503-0325,
Jones Realty of Albuquerque 505-527-0069
Source: SWMLS,MLS#: 1104931
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Primary bedroom
- Level: Main
- Area: 262.5
- Dimensions: 25 x 10.5
Kitchen
- Level: Main
- Area: 46.75
- Dimensions: 8.5 x 5.5
Living room
- Level: Main
- Area: 247.5
- Dimensions: 16.5 x 15
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Dryer, Dishwasher, Microwave, Refrigerator, Washer
- Laundry: Electric Dryer Hookup
Features
- Ceiling Fan(s), Main Level Primary, Walk-In Closet(s)
- Flooring: Carpet, Tile
- Windows: Double Pane Windows, Insulated Windows
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Gas Log
Interior area
- Total structure area: 1,480
- Total interior livable area: 1,480 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Open, Patio
- Exterior features: Landscaping
Lot
- Size: 3,484 Square Feet
- Features: Landscaped, Planned Unit Development
Details
- Parcel number: 1013069379068
- Zoning description: R-2
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
- Attached to another structure: Yes
Materials
- Frame, Stucco
- Roof: Flat,Mixed
Condition
- Resale
- New construction: No
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Common Grounds/Area, Gated
- Senior community: Yes
- Subdivision: The Islands 2
HOA
- Has HOA: Yes
- Services included: Common Areas
- HOA fee: $225 monthly
Location
- Region: Rio Rancho
Financial & listing details
- Price per square foot: $179/sqft
- Tax assessed value: $202,713
- Annual tax amount: $2,435
- Date on market: 6/5/2026
- Cumulative days on market: 125 days
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$263,000
$250,000 - $276,000
$1,903/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Listed for sale | $265,000$179/sqft |
Source:  SWMLS #1104931 Report a problem | ||
| 7/30/2026 | Pending sale | $265,000$179/sqft |
Source: SWMLS #1104931 Report a problem | ||
| 7/18/2026 | Price change | $265,000-2.5%$179/sqft |
Source: SWMLS #1104931 Report a problem | ||
| 6/5/2026 | Listed for sale | $271,900$184/sqft |
Source: SWMLS #1104931 Report a problem | ||
| 5/24/2026 | Listing removed | $271,900$184/sqft |
Source: SWMLS #1101419 Report a problem | ||
| 4/26/2026 | Listed for sale | $271,900$184/sqft |
Source: SWMLS #1101419 Report a problem | ||
| 4/14/2026 | Pending sale | $271,900$184/sqft |
Source: SWMLS #1101419 Report a problem | ||
| 4/10/2026 | Listed for sale | $271,900+43.2%$184/sqft |
Source: SWMLS #1101419 Report a problem | ||
| 9/3/2020 | Sold | -- |
Source: SWMLS #971300 Report a problem | ||
| 7/2/2020 | Pending sale | $189,900$128/sqft |
Source: Realty One of New Mexico #971300 Report a problem | ||
| 6/27/2020 | Listed for sale | $189,900$128/sqft |
Source: Realty One of New Mexico #971300 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,358 -0.3% | $67,571 +3% |
| 2024 | $2,364 +2.6% | $65,603 +3% |
| 2023 | $2,304 +1.9% | $63,692 +3% |
| 2022 | $2,260 +0.2% | $61,837 +2.4% |
| 2021 | $2,257 +21.3% | $60,396 +21.3% |
| 2020 | $1,860 +18% | $49,791 +3% |
| 2019 | $1,577 +8.9% | $48,341 +3% |
| 2018 | $1,448 -9.6% | $46,934 |
| 2017 | $1,602 | $46,934 |
| 2016 | $1,602 +2.1% | $46,934 |
| 2014 | $1,569 | $46,934 +14.7% |
| 2013 | $1,569 | $40,934 -70.9% |
| 2011 | -- | $140,801 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 87124
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