4238 E Rainbow Drive, Gilbert, AZ 85297

$599,000
5
BD
3
BA
2,520
SqFt

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Sold Price
$599,000
List Price
$599,000
Status
CLOSED
Days on Market
10
Closing Date
Jul 29, 2026
MLS#
7046893
Subtype
Residential
Year Built
2003
Bedrooms
5
Bathrooms
3
Full Baths
3
Living Area
2,520
Lot Size
7,769
Acres
0.18
Subdivision
Power Ranch
Neighborhood
Power Ranch

Property Description

This stunning 5-bedroom, 3-bathroom corner lot home is nestled in the highly sought-after Power Ranch community in Gilbert! Thoughtfully designed and move-in ready, this home offers the perfect blend of comfort, style, and resort-style living. The exterior was painted in 2023, adding to the home's beautiful curb appeal from the moment you arrive. Step inside and you'll immediately feel the space and warmth this home has to offer, with a functional layout ideal for everyday living and entertaining. A full bedroom and bathroom on the main level provides flexibility for guests, a home office, or a private space for extended family. The real showstopper is the backyard. Designed for those who love to entertain and unwind, this resort-style outdoor oasis features a sparkling Pebble-Tec pool with a heater, brand-new turf, an extended covered patio perfect for outdoor dining, a built-in BBQ, and mature citrus trees that add beauty and charm year-round. The desirable north/south exposure helps keep the outdoor space comfortable and enjoyable. The home also comes with a transferable home warranty good through May 2027, which includes pool and HVAC maintenance for added peace of mind. As a Power Ranch resident, you'll enjoy access to two resort-style pools, two clubhouses, over 26 miles of scenic trails, catch-and-release fishing lakes, 25 pocket parks, basketball, volleyball, soccer and baseball fields, plus a packed community events calendar featuring farmers markets, movie nights, food truck events, and holiday celebrations. Top-rated Higley Unified School District schools are located right within the community, with easy access to SanTan Village, Loop 202, and Gilbert Gateway Towne Center. This one truly has it all!

Additional Information

Interior Features
Full Bth Master Bdrm, Separate Shwr & Tub, Double Vanity, Tub with Jets, Eat-in Kitchen, Pantry, Kitchen Island, Laminate Counters, High Speed Internet, Upstairs, Vaulted Ceiling(s), 9+ Flat Ceilings
Exterior Features
Balcony, Built-in Barbecue
Taxes
$2,042
HOA Fee
$402
HOA Freqency
Quarterly
Community Features
Power Ranch
Flooring
Carpet, Tile, Wood
Heating
Natural Gas
Air Conditioning
Ceiling Fan(s), Central Air
Exterior Construction
Wood Frame, Painted, Stucco
Stories
2
Pool
Yes
Parking Features
Tandem, Garage Door Opener, Attch'd Gar Cabinets, Temp Controlled, Direct Access
Garage Spaces
3
Elementary School
Power Ranch Elementary
Middle School
Sossaman Middle School
High School
Higley High School

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Cristina A Pulido (714-418-8110) from Listing Office: Real Broker.

Selling Office: HomeSmart.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.