4238 E RAINBOW Drive, Gilbert, AZ 85297

$599,000
Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,520 Lot Size (sq. ft.): 7,769 Status: Active
Current Price: $599,000 Last Modified: 7/01/2026

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

Supplements: 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!

More Information MLS# 7046893

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No List Price: $599,000 Status: Active Current Price: $599,000 List Date: 2026-06-26

Location, Tax & Legal

Assessor's Map #: 1 Legal Description (Abbrev): POWER RANCH NEIGHBORHOOD 4 MCR 513-17 Assessor's Parcel #: 865 Tax Municipality: Gilbert Taxes: 2042 House Number: 4238 Compass: E Street Name: RAINBOW St Suffix: Drive City/Town Code: Gilbert State/Province: AZ Zip Code: 85297 Zip4: 9694 Country: US County Code: Maricopa Assessor Number: 313-01-865 Subdivision: POWER RANCH Tax Year: 2025

General Property Description

Dwelling Styles: Detached # of Interior Levels: 2 Full Bathrooms: 3 Half Bathrooms: 0 Approx SQFT: 2520 Price/SqFt: 237.7 Approx Lot SqFt: 7769 Approx Lot Acres: 0.178 Horses: N Builder Name: Standard Pacific Elementary School District: Higley Unified School District High School District: Higley Unified School District Elementary School: Power Ranch Elementary Jr. High School: Sossaman Middle School High School: Higley High School Community Pool Y/N: Yes Private Pool Y/N: Yes Planned Comm Name: Power Ranch Fireplace YN: No Dwelling Type: Single Family Residence Exterior Stories: 2 # Bedrooms: 5 Total Bathrooms: 3 Year Built: 2003

Legal Info

Range: 6E Section: 12 Township: 2S Lot Number: 302

Special Listing Cond

N/A: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Tile: 1

Pmt & Rate Info

Down Payment: 0 Total Asum Mnth Pmts: 0

Association & Fees

HOA Y/N: Y HOA Disclosure/Addendum Affirmation: Yes HOA Transfer Fee: 0 HOA Fee: 402 HOA Paid Frequency: Quarterly HOA Name: CCMC HOA Telephone: 480-921-7500 Special Assessment HOA: No HOA 2 Y/N: N PAD Fee Y/N: N Cap Improvement/Impact Fee: 2500 Cap Improvement/Impact Fee $/%: $ Prepaid Association Fees HOA: 402 Disclosure Fees HOA: 382 Other Fees HOA: 0 Land Lease Fee Y/N: N Rec Center Fee Y/N: N Rec Center Fee 2 Y/N: N Ttl Mthly Fee Equiv: 134

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

Supra: 1

Master Bathroom

Full Bth Master Bdrm: 1 Separate Shwr & Tub: 1 Double Vanity: 1 Private Toilet Room: 1 Tub with Jets: 1

Master Bedroom

Upstairs: 1

Additional Bedroom

Master Bedroom Walk-in Closet: 1 Master Bedroom Sitting Room: 1

Flooring

Carpet: 1 Tile: 1 Wood: 1

Window Features

Solar Screens: 1 Dual Pane: 1

Private Pool Features

Play Pool: 1

Community Features

Biking/Walking Path: 1 Children's Playgrnd: 1 Clubhouse/Rec Room: 1 Comm Tennis Court(s): 1 Community Spa: 1 Community Spa Htd: 1 Lake: 1 Pickleball: 1

Dining Area

Formal: 1 Eat-in Kitchen: 1

Heating

Natural Gas: 1

Kitchen Features

Dishwasher: 1 Gas Oven: 1 Gas Range: 1 Gas Stub for Range: 1 Kitchen Island: 1 Laminate Counters: 1 Built-in Microwave: 1 Pantry: 1 Gas Cooktop: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Interior Features

Vaulted Ceiling(s): 1 9+ Flat Ceilings: 1 Water Softener Owned: 1 Soft Water Loop: 1

Laundry

Washer Hookup: 1 220 V Dryer Hookup: 1 Inside: 1 See Remarks: 1

Basement

Basement Y/N: N

Other Rooms

Family Room: 1

Separate Den/Office

Sep Den/Office Y/N: N

Road Responsibility

City Maintained Road: 1

Technology

Cable TV Avail: 1 High Speed Internet: 1

Fencing

Block: 1

Water Source

City Water: 1

Community Pool Features

Fenced: 1 Heated: 1

Exterior Features

Balcony: 1 Built-in BBQ: 1 Covered Patio(s): 1 Patio: 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 2 Total Covered Spaces: 3 Garage Spaces: 3

Parking Features

Attch'd Gar Cabinets: 1 Tandem Garage: 1 Temp Controlled: 1 Direct Access: 1 Garage Door Opener: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1

Plumbing

Gas Hot Water Heater: 1

Utilities

SRP: 1 SW Gas: 1

Existing 1st Loan

Treat as Free&Clear: 1

Property Description

Corner Lot: 1 North/South Exposure: 1

Landscaping

Gravel/Stone Front: 1 Gravel/Stone Back: 1 Synthetic Grass Back: 1

Services

City Services: 1

Items Updated

Floor Yr Updated: 2015 Floor Partial/Full: Partial Pool Yr Updated: 2015 Pool Partial/Full: Full

Disclosures

Seller Discl Avail: 1

Possession

By Agreement: 1

Association Fee Incl

Common Area Maint: 1

Assoc Rules/Info

No Visible Truck Trailer RV Boat: 1 Rental OK (See Rmks): 1 Prof Managed: 1

Remarks Misc

Cross Street: Power & Germann Directions: Loop 202 to Power Rd, south to Pecos Rd, west to Ranch House Pkwy, south to Thunderheart Trl, west to Abbey Ln, south to Rainbow Dr, east to home. Geo Lat: 33.275104 Geo Lon: -111.698101

Property Features

Special Listing Cond: N/A Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Private Toilet Room; Tub with Jets Master Bedroom: Upstairs Additional Bedroom: Master Bedroom Walk-in Closet; Master Bedroom Sitting Room Flooring: Carpet; Tile; Wood Window Features: Solar Screens; Dual Pane Private Pool Features: Play Pool Community Pool Features: Fenced; Heated Spa: None Community Features: Biking/Walking Path; Children's Playgrnd; Clubhouse/Rec Room; Comm Tennis Court(s); Community Spa; Community Spa Htd; Lake; Pickleball Dining Area: Formal; Eat-in Kitchen Kitchen Features: Gas Oven; Gas Range; Gas Cooktop; Gas Stub for Range; Dishwasher; Built-in Microwave; Pantry; Laminate Counters; Kitchen Island Laundry: Washer Hookup; 220 V Dryer Hookup; Inside; See Remarks Other Rooms: Family Room Interior Features: Vaulted Ceiling(s); 9+ Flat Ceilings; Water Softener Owned; Soft Water Loop Technology: Cable TV Avail; High Speed Internet Exterior Features: Balcony; Built-in BBQ; Covered Patio(s); Patio Parking Features: Attch'd Gar Cabinets; Direct Access; Garage Door Opener; Tandem Garage; Temp Controlled Road Responsibility: City Maintained Road Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Cooling: Central Air; Ceiling Fan(s) Heating: Natural Gas Plumbing: Gas Hot Water Heater Utilities: SRP; SW Gas Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: Block Property Description: Corner Lot; North/South Exposure Landscaping: Gravel/Stone Front; Gravel/Stone Back; Synthetic Grass Back Lockbox Type: Supra Possession: By Agreement Association Fee Incl: Common Area Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Disclosures: Seller Discl Avail
Listing Office: Real Broker
IDX
Last Updated: July - 01 - 2026
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