4703 Palmas Altas Dr SE, Rio Rancho, NM 87124

Nestled in the quiet neighborhood of Corrales Heights, this updated single-family home offers comfort and convenience in beautiful natural surroundings. Located... less than three miles from Intel, the property blends peaceful living with an easy commute.
This charming 958-square-foot, two-bedroom, one-bath home sits on a fully landscaped and low maintenance one-third acre lot. The private backyard features a large storage shed with shelving, gardening beds, firepit, and a spacious New Mexico-style covered patio, which provides an additional 462 square feet of versatile living space—perfect for relaxing or entertaining year-round. Inside, you will find a large master closet, a fireplace, wood-grain tile throughout, and a bright, refreshed interior with new paint, windows, and doors.
The home has been upgraded with new air conditioner, furnace, water heater, garbage disposal, and electrical panel (200 amps). Two driveways (including an RV pad with hookup) offer ample parking and added convenience.
Enjoy beautiful views of the Sandia Mountains and take advantage of direct access to nature with the Thomson Fenceline Trail trailhead located at the end of the street.
This move-in-ready home is a rare opportunity in a sought-after location—perfect for those looking to enjoy both modern updates and the beauty of the outdoors. A couch, eight-piece patio dining set, five piece wrought iron bistro set, and weight set and bench are available for tenant’s use.


TENANT FEE SCHEDULE
Homeowner Association Fee: No Association Fee for This Property
Water: Per Monthly billing from Authority
Sewer: Per Monthly billing from Authority
Trash Collection: Per Monthly billing from Authority
Electricity: Per Monthly billing from Authority
Natural Gas / Propane: Per Monthly billing from Authority
Cable TV / Internet: Per Monthly billing from Authority
Returned check / NSF fee: $35.00*
Late Rent Fee after the First of the Month: 10% of monthly rent
Finance Charge on unpaid account at end of the current month: 1.5% of unpaid Amount
7 day notice of violation Re-Inspection: $95.00*
Service required labor: $95.00 per hour*
Service required materials: Cost plus 20%*
Service Provided on Tenant’s Behalf: Cost of work plus 20% or $95.00/ hr. plus materials
Application Fee: $50.00 /Applicant over 18
Pet Rent: $50.00 / mo. / pet
Tenant requested service /supervision: $95.00 / hour*
Tenant lockout fee – Provide access: $150.00 / visit*
Service Work Order request through Service Portal: No Charge
Service Work Order request by phone, fax, email: $45.00 / ticket*
Personal property storage fees: $2.50 per square foot of storage space / mo.*
Trip charge to include physical posting of Notices: $95.00*
Remove Trash from Property: Cost plus 20% or minimum of $200.00*

*plus gross receipts tax - Per Section7-9-3.5 Regulation 3.2.1.17 (B) (1) of the New Mexico Tax Code, “Receipts derived from additional charges made in conjunction with the rental or leasing of property employed in New Mexico are subject to the gross receipts tax.” Read More