$805,000

$267/sqftactive

489 El Rey Drive, Corrales, NM 87048

75 days on market

30 views

Beds

Baths

Sqft

3,012

Lot

1.00 ac

Built

1984

Type

single family

About This Property

220 degree City & Mountain Views | Exclusive Private Gate Access | Major System Updates Experience the best of Corrales living in this beautiful home located within a private gated enclave shared by only three neighboring properties. Enjoy breathtaking views overlooking the city lights and the Sandia Mountains, creating a truly special setting.Built with quality 2x6 construction, this well-maintained home features extensive updates, including a replacement well (2015), septic system (2019), TPO roof (2022), and new paint (2020). Additional highlights include two en-suite bedrooms, a dedicated office with a mini-split, and a hot tub that conveys!Offering privacy, incredible views, and major improvements already completed, this exceptional Corrales property is a rare opportunity.

Features & Amenities

Beamed Ceilings

Breakfast Area

Kitchen Island

Multiple Living Areas

Main Level Primary

Courtyard

Private Yard

Dishwasher

Free Standing Electric Range

Disposal

Tile Flooring

Wood Flooring

3 Fireplaces

Water: Private,Well

Sewer: SepticTank

Subdivision: El Rey Acres

Property Details

MLS #	1106034
Property Type	single family
Year Built	1984
Garage	Yes
Heating	Baseboard
Cooling	MultiUnits
Roof	Flat
Lot Size	1.00 acres (43,560 sqft)
Property Tax (est.)	$5,213/yr ($434/mo)
Price / Sqft	$267
Status	Active
Days on Market	75

About Corrales → Full Guide

Price vs. Neighborhood

This home

$805,000

Corrales median

$685,000

18% above the Corrales median. Homes here sell in an average of 52 days.

Commute Times

Unm

25 min

Downtown

20 min

Abq Studios

30 min

Sandia Labs

25 min

Kirtland Afb

30 min

Presbyterian

20 min

Intel Rio Rancho

10 min

Nearby Schools

Corrales Elementary

K-5 · Sandoval County

7/10

Corrales Middle School

6-8 · Sandoval County

6/10

Rio Rancho High School

9-12 · RRPS

6/10

Neighborhood Guide

Explore Corrales

Village & Luxury

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