$47,000

active

624 Villa Road SE, Rio Rancho, NM 87124

82 days on market

Lot

21,780 sqft

Type

land

About This Property

**OWNER FINANCING AVAILABLE WITH A REAL ESTATE CONTRACT!** Take advantage of an opportunity to own a half-acre lot positioned along the edge of the rapidly expanding Los Diamantes development in Rio Rancho. With residential and commercial growth continuing throughout this area, this property offers excellent potential for long-term investment, future development, or land banking.Located in one of Rio Rancho's active growth corridors, the lot provides convenient access to nearby shopping, medical facilities, schools, and major roadways. Its proximity to the Los Diamantes master-planned community adds to its long-term appeal as development continues to expand westward.Whether you're looking for land to hold for the future, considering a future building site, or simply want to invest in Rio Rancho's continued growth, this half-acre property offers an affordable opportunity--with owner financing available through a Real Estate Contract.

Features & Amenities

Views

Acreage

Water: None

Sewer: None

Subdivision: Rio Rancho Estates

Property Details

MLS #	1105816
Property Type	land
Lot Size	21,780 sqft
Property Tax (est.)	$548/yr ($46/mo)
Status	Active
Days on Market	82

About Rio Rancho → Full Guide

Price vs. Neighborhood

This home

$47,000

Rio Rancho median

$345,000

86% below the Rio Rancho median. Homes here sell in an average of 30 days.

Commute Times

Unm

30 min

Downtown

25 min

Abq Studios

35 min

Sandia Labs

30 min

Kirtland Afb

35 min

Presbyterian

25 min

Intel Rio Rancho

10 min

Nearby Schools

Colinas del Norte Elementary

K-5 · RRPS

7/10

Cleveland High School

9-12 · RRPS

7/10

Lincoln Middle School

6-8 · RRPS

6/10

Rio Rancho High School

9-12 · RRPS

6/10

Neighborhood Guide

Explore Rio Rancho

Growing & Modern

Listing courtesy of Double Eagle Real Estate. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.