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2505 Milagro Ridge Ct NE, Rio Rancho, NM, 87124

5beds
3baths
2,714sqft
$475,000
$175price/sqft
$2,974/moest. monthly cost
$118,960/yrincome needed

About This Home

Welcome to this beautifully maintained Artistic home in the highly desirable Milagro Ridge community! Located on a quiet cul-de-sac, this 2,714 sq ft home features 5 bedrooms, 3 baths, and a 3-car garage on a premium 1/3 acre lot with stunning views and a large walled yard with room for RV parking. Light and bright with high ceilings, neutral colors, and a popular open floor plan, this home offers spacious living areas and seamless flow for everyday living and entertaining. Enjoy formal and casual living spaces and a huge kitchen with a center island open to the main living area. Main level includes a flexible bedroom or study. Prime location near shopping, dining, and easy access to Albuquerque.

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
10
BikeSomewhat Bikeable

Schools

5/10
Lincoln Middle SchoolGrades 6-80.5 mi
7/10
Rio Rancho High SchoolGrades 9-121.1 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2005

Materials

  • Roof: Metal,Pitched
  • Construction materials: Frame,Stucco

Other

  • Builder name: Artistic

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Free-Standing Gas Range
  • Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Bedroom2

  • Level: Upper
  • Area: 112.11

Bedroom3

  • Level: Upper
  • Area: 160.65

Bedroom4

  • Level: Upper
  • Area: 147.96

Bedroom5

  • Level: Main
  • Area: 76.23

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 122.43

Features

  • Bathtub,Ceiling Fan(s),Dual Sinks,Entrance Foyer,Kitchen Island,Soaking Tub,Separate Shower,Walk-In Closet(s)
  • Window features: Double Pane Windows,Insulated Windows
  • Flooring: Carpet,Tile

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Refrigerated

Interior Area

  • Total structure area: 2,714
  • Total interior livable area: 2,714 sqft

Kitchen

  • Level: Main
  • Area: 196.08

Living Room

  • Level: Main
  • Area: 433.38

Primary Bedroom

  • Level: Upper
  • Area: 299.52

Property

Details

  • Parcel number: 1012070131089
  • Zoning description: R-1

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Open,Patio
  • Exterior features: Private Entrance,Private Yard
  • Fencing: Wall

Lot

  • Lot size: 0.36 Acres

Parking

  • Total spaces: 3
  • Parking features: Attached,Door-Multi,Garage,Two Car Garage,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Hail
Heat Wave
Winter Weather

FEMA Declared Disasters in Sandoval County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,401$28,812
Home Insurance *$120$1,440
Property Taxes $261$3,132
Electricity $192$2,315
Total$2,974$35,688
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$101,965/yr
40% on housing$89,220/yr
45% on housing$79,306/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.7%
3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$175This listing

vs Other Active Listings

Avg $/sqft

ZIP 87124$190
Sandoval County$215

vs Homes Sold Last Month

Median $/sqft

ZIP 87124
Sandoval County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-10Pending sale$475,000
2026-05-06Listed for sale$475,000
2021-03-24Listing removed--
2019-12-18Listing removed$320,000
2019-11-14Pending sale$320,000
2019-10-05Listed for sale$320,000

For Sale by Agent

AgentVertical Real Estate
BrokerageLPT Realty

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