2540 E  Milky Way, Gilbert, AZ 85295
Property image
Property image
OFF MARKET

2540 E Milky Way
Gilbert, AZ 85295

Gateway Ranch
  • 5 Beds
  • 3 Baths
  • 3,037 sqft

$633,100

Trulia Estimate
as of Jul 30, 2026
Est. Refi. Payment $3,536/mo*

$633,100

Trulia Estimate
as of Jul 30, 2026
Est. Refi. Payment $3,536/mo*
5 Beds
3 Baths
3,037 sqft

Local Information

  • Map ViewExplore the area around 2540 E Milky Way.
  • Schools1 Elementary School3 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2000
Living Area
3,037 sqft
Price/Sqft
$208
Parking
Garage

About this House

Welcome home to this awesome family home in the best part of Gilbert. This home offers a huge lot with established landscaping and built in play center. The home is masterfully designed with 5 bedrooms, (1 guest bedroom and bath on main floor) and 3 FULL baths, with Vaulted Ceilings & a Spacious LOFT. Look out and see picturesque backyard with grass and extended covered patio. Neutral ceramic floors throughout in all the right places.This home is IMMACULATE & ready to move into! Excellent location. Close to San Tan Mall, Hospital & 202.
2540 E Milky Way, Gilbert, AZ 85295 is a 5 bedroom, 3 bathroom, 3,037 sqft single-family home in Gateway Ranch, built in 2000. It last sold for $309,900 on Oct 18, 2016. More recently, it was listed as a rental in October 2015 with an asking price of $1,750 per month. That rental listing was removed on November 20, 2015. It is currently off market. The Trulia Estimate is $633,100, with a rent estimate of $3,313/month.

Home Details for 2540 E Milky Way

Interior Features

Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: Refrigerator, CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Tile, Carpet
Interior Details
Number of Rooms: 10Types of Rooms: Dining Room, Family Room, Laundry Room, Master BathCeiling Fan
Appliances & Utilities
DishwasherDisposalMicrowave

Exterior Features

Exterior Home Features
Roof: Other, TileExterior: Stucco, WoodPatioSprinkler System
Parking & Garage
GarageParking Spaces: 3Parking: Garage Attached

Property Information

Year Built
Year Built: 2000
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 9683 sqft

Price History for 2540 E Milky Way

DatePriceEventSource
10/18/2016$309,900Sold
ARMLS #5452287
08/17/2016$309,900PriceChange
Agent Provided
07/15/2016$329,900PriceChange
Agent Provided
06/03/2016$339,900Listed For SaleAgent Provided
04/07/2016$319,719Sold
N/A
11/20/2015$1,625ListingRemovedAgent Provided
11/06/2015$1,625PriceChange
Agent Provided
10/14/2015$1,750Listed For RentAgent Provided
10/14/2015$330,000ListingRemovedAgent Provided
09/11/2015$330,000PriceChange
Agent Provided
08/25/2015$335,000PriceChange
Agent Provided
07/22/2015$340,000PriceChange
Agent Provided
07/02/2015$350,000Listed For SaleAgent Provided
09/12/2011$1,495ListingRemovedAgent Provided
09/06/2011$1,495PriceChange
Agent Provided
08/23/2011$1,900PriceChange
Agent Provided
08/09/2011$1,970PriceChange
Agent Provided
08/03/2011$2,075Listed For RentAgent Provided
01/11/2001$213,415Sold
N/A

Market trends in Gilbert

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$569K
$3.33K
MoM
Sale-to-List Price
98.9%
0.1%
MoM
Price per sq ft
$279
$1
MoM
Available listings
1121
48
MoM
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Property Tax and Assessment

Year2025
Tax$2,103
Assessment$532,100
Home facts updated by county records

Comparable Sales for 2540 E Milky Way

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.06
Single-Family Home
$745,000
02/27/26
4
2.5
2,667
0.12
Single-Family Home
$700,000
10/30/25
5
3
3,049
0.21
Single-Family Home
$605,000
06/01/26
5
3
2,250
0.23
Single-Family Home
$575,000
01/21/26
4
2.5
2,250
0.08
Single-Family Home
$600,000
08/08/25
4
2
2,304
0.18
Single-Family Home
$720,000
08/08/25
4
3
3,800
0.20
Single-Family Home
$630,000
03/10/26
4
2.5
2,250
0.34
Single-Family Home
$505,000
05/15/26
4
2.5
2,398
0.23
Single-Family Home
$550,000
02/18/26
3
2.5
1,755
0.24
Single-Family Home
$850,000
06/03/26
5
3.5
4,015

Nearby homes

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Assigned Schools

These are the assigned schools for 2540 E Milky Way.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Gateway Ranch

At least 5 Trulia users voted on each feature.
  • 100 % Say people would walk alone at night

  • 100 % Say there are sidewalks

  • 100 % Say streets are well-lit

  • 90 % Say parking is easy

  • 89 % Say kids play outside

  • 89 % Say it's dog friendly

  • 78 % Say car is needed

  • 75 % Say it's quiet

  • 75 % Say they plan to stay for at least 5 years

  • 71 % Say yards are well-kept

  • 70 % Say there's holiday spirit

  • 58 % Say it's walkable to restaurants

  • 48 % Say neighbors are friendly

  • 20 % Say there are community events

  • 14 % Say it's walkable to grocery stores

  • 10 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Dan W.
    "Great neighborhood, well maintained homes and common areas. Close to major shopping area (San Tan), easy access to I-202, Schools are excellent, numerous restaurants and entertainment sites."

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 2540 E Milky Way

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Off Market Homes Near 2540 E Milky Way

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