For sale

Price cut: $50K (5/17)

$995,000

704 Gregg Rd NE, Rio Rancho, NM 87124

4beds

3,039sqft

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Single Family Residence

Built in 2019

1 Acres Lot

$966,300 Zestimate^®

$327/sqft

$-- HOA

What's special

Dual convection ovensCustom outdoor kitchenOversized fridgeCustom chicken unit

*SELLER OFFERING $15K CLOSING CREDIT*Modern Mediterranean Masterpiece on 1 Acre. This 2020 estate (4 bed/3 bath, 3,170+ sqft) offers luxury & utility with paved roads, public utilities & high-speed internet. Enjoy mountain & city light views from a 400sqft open-air courtyard or the custom outdoor kitchen. Inside, a chef's dream awaits: GE Cafe Series suite with 6-burner gas range, dual convection ovens & oversized fridge. Entertain at the wet bar featuring a 75-bottle California Redwood wine fridge & ice maker. Car enthusiasts will love the 3-car tandem garage + a detached 30x20 insulated/powered shop. Property includes a powered 20x10 barn & custom chicken unit for a refined homestead lifestyle.

114 days

507

18

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Primary bedroom

Level: Main
Area: 378
Dimensions: 21 x 18

Bedroom 2

Level: Main
Area: 156
Dimensions: 12 x 13

Bedroom 3

Level: Main
Area: 195
Dimensions: 13 x 15

Bedroom 4

Level: Main
Area: 160.8
Dimensions: 13.4 x 12

Kitchen

Level: Main
Area: 390
Dimensions: 26 x 15

Living room

Level: Main
Area: 800
Dimensions: 25 x 32

Heating

Central, Multiple Heating Units, Natural Gas

Cooling

Refrigerated

Appliances

Included: Cooktop, Down Draft, Double Oven, Dishwasher, Disposal, Microwave, Refrigerator, Self Cleaning Oven
Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Features

Wet Bar, Bookcases, Breakfast Area, Bathtub, Ceiling Fan(s), Central Vacuum, Dressing Area, Dual Sinks, Entrance Foyer, Great Room, Garden Tub/Roman Tub, High Ceilings, High Speed Internet, Home Office, Hot Tub/Spa, Jack and Jill Bath, Kitchen Island, Main Level Primary, Pantry, Sitting Area in Master, Skylights
Flooring: Carpet, Tile
Windows: Double Pane Windows, Insulated Windows, Thermal Windows, Vinyl, Skylight(s)
Has basement: No
Number of fireplaces: 1
Fireplace features: Gas Log, Log Lighter, Multi-Sided

Interior area

Total structure area: 3,039
Total interior livable area: 3,039 sqft

Property

Parking

Total spaces: 7
Parking features: Attached, Detached, Garage, Workshop in Garage, RV Access/Parking
Attached garage spaces: 7

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Patio & porch: Covered, Open, Patio
Exterior features: Courtyard, Hot Tub/Spa, Outdoor Grill, Privacy Wall, Private Yard, Sprinkler/Irrigation, Landscaping, Private Entrance
Has spa: Yes
Spa features: Hot Tub
Fencing: Back Yard,Gate,Wall
Has view: Yes

Lot

Size: 1 Acres
Features: Landscaped, Few Trees, Views, Xeriscape

Details

Additional structures: Second Garage, Garage(s), Outdoor Kitchen, RV/Boat Storage, Shed(s), Storage, Workshop
Parcel number: 1012070066320
Zoning description: R-1

Construction

Type & style

Home type: SingleFamily
Architectural style: Mediterranean
Property subtype: Single Family Residence

Materials

Frame, Synthetic Stucco, Rock
Foundation: Slab
Roof: Flat,Pitched,Tile

Condition

Resale
New construction: No
Year built: 2019

Details

Builder name: Paul Sanchez

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Green energy

Energy generation: None
Water conservation: Water-Smart Landscaping

Community & HOA

Community

Features: Common Grounds/Area
Security: Security Gate, Smoke Detector(s)
Subdivision: Rio Rancho Estates

Location

Region: Rio Rancho

Financial & listing details

Price per square foot: $327/sqft
Tax assessed value: $710,168
Annual tax amount: $8,459
Date on market: 2/18/2026
Cumulative days on market: 115 days
Listing terms: Cash,Conventional,VA Loan
Road surface type: Paved

Estimated market value

$966,300

$918,000 - $1.01M

$3,727/mo

Price history

Date	Event	Price
5/17/2026	Price change	$995,000-4.8%$327/sqft
Source: SWMLS #1098503 Report a problem
5/11/2026	Price change	$1,045,000-2.8%$344/sqft
Source: SWMLS #1098503 Report a problem
4/30/2026	Price change	$1,075,000-2.3%$354/sqft
Source: SWMLS #1098503 Report a problem
2/18/2026	Listed for sale	$1,100,000$362/sqft
Source: SWMLS #1098503 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,191 -0.2%	$236,723 +3%
2024	$8,211 +2.7%	$229,828 +3%
2023	$7,998 +14.7%	$223,134 +16.9%
2022	$6,976 +0.7%	$190,931 +3%
2021	$6,926 +52.6%	$185,370 +52.6%
2020	$4,537 +830.4%	$121,438 +945.4%
2019	$488 +1024.2%	$11,616 +966.7%
2018	$43 -19.6%	$1,089 -11.8%
2017	$54	$1,234
2016	$54 +3.1%	$1,234 -10.5%
2014	$52	$1,379 -9.6%
2013	$52	$1,525

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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