40516 N 3rd Ave, Phoenix, AZ 85086
Property image
Property image
OFF MARKET

$587,500

Trulia Estimate
as of Sep 3, 2026
  • 4 Beds
  • 2 Baths
  • 1,887 sqft
  • 4 Beds
  • 2 Baths
  • 1,887 sqft

40516 N 3rd Ave, Phoenix, AZ 85086

Home Highlights

Property Type
Single-Family Home
Living Area
1,887 sqft
Price/Sqft
$311
Parking
Attached Garage

Local Information

  • Map ViewExplore the area around 40516 N 3rd Ave.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Brand-New Home on 1 Acre with RV Garage Desert Hills/Cave Creek Area

40516 N 3rd Ave, Phoenix, AZ 85085

Be the first to call this newly constructed 4-bedroom, 2-bath home your own! Nestled in the peaceful Desert Hills area near Cave Creek, this property sits on a full acre with mountain views and open surroundingswhere neighboring properties often include horsesoffering space, privacy, and a true desert lifestyle.

Inside, you'll find a bright, open-concept layout with soaring ceilings and abundant natural light. The split-bedroom floor plan provides added privacy, while the stylish kitchen features white cabinetry, granite countertops, stainless steel appliances, a center island, and a spacious walk-in pantryperfect for everyday living and entertaining.

The primary suite is designed as a relaxing retreat with dual sinks, a walk-in shower, and a generous walk-in closet. Three additional bedrooms provide flexibility for guests, a home office, or hobbies. Wood-look tile flooring, ceiling fans, and window coverings are thoughtfully included throughout the home.

Enjoy ample storage and parking with a 2-car garage plus an oversized RV garage. The backyard is enclosed with a brick wall and includes an RV gate for added convenience. Washer and dryer hookups are available, and water service is included in the rent.

Pets will be considered with owner approval.

Home Highlights:

Brand-new construction

4 bedrooms | 2 bathrooms

Open floor plan with high ceilings

Kitchen with granite counters & stainless appliances

Primary suite with dual sinks & walk-in shower

Wood-look tile flooring & window coverings

2-car garage + RV garage

Water included

Washer/dryer hookups

Brick-walled backyard with RV gate

Experience modern desert living in a spacious new home with room to grow!

Lease Details:

Application Fee: $50

Monthly Admin Fee: $25

Security Deposit: $3,150

Non-Refundable Cleaning Fee: $300

12 year lease options available

Schedule your showing today and make this beautiful new home yours!
40516 N 3rd Ave, Phoenix, AZ 85086 is a 4 bedroom, 2 bathroom, 1,887 sqft single-family home. More recently, it was listed as a rental in February 2026 with an asking price of $3,150 per month. That rental listing was removed on March 19, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $587,500, with a rent estimate of $2,773/month.

Home Details for 40516 N 3rd Ave

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: Central Air, Ceiling FanHeating Fuel: Forced Air
Appliances & Utilities
DishwasherDisposalRefrigerator
Levels, Entrance, & Accessibility
Floors: Tile

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: now

Exterior Features

Parking & Garage
Parking: Attached, On Site

Comparable Sales for 40516 N 3rd Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
40408 N 2nd Drive, Phoenix, AZ
0.05
Single-Family Home
$765,000
01/28/26
3
2
2,291 sqft
514 W MORSE Drive, Phoenix, AZ
0.14
Single-Family Home
$800,000
05/12/26
3
2.5
2,324 sqft
40724 N CENTRAL Avenue, Phoenix, AZ
0.34
Single-Family Home
$735,000
07/28/26
4
2
2,628 sqft
509 E SECO Place, Phoenix, AZ
0.72
Single-Family Home
$741,000
03/12/26
4
2
2,339 sqft
39112 N 9TH Avenue, Phoenix, AZ
0.86
Single-Family Home
$650,000
04/10/26
4
2
1,890 sqft
40927 N 3RD Avenue, Desert Hills, AZ
0.38
Single-Family Home
$1,095,000
03/18/26
5
3.5
3,914 sqft
39419 N 7TH Avenue, Phoenix, AZ
0.59
Single-Family Home
$1,251,000
02/26/26
4
3
3,545 sqft
41017 N PRESTANCIA Drive, Phoenix, AZ
0.94
Single-Family Home
$649,999
05/29/26
4
2
2,082 sqft
40619 N CANDLEWYCK Lane, Phoenix, AZ
0.67
Single-Family Home
$970,000
12/18/25
3
3
2,649 sqft
40431 N CANDLEWYCK Lane, Phoenix, AZ
0.59
Single-Family Home
$1,160,000
07/31/26
3
2.5
3,484 sqft

Nearby homes

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Rental Market Trends in Phoenix

Last updated Sep 2026
Trulia Rent Estimate$2,773/mo
Average rent
$3K
Available listings
16
View rental market trends in Phoenix, AZ

Around this home

What Locals Say about New River

At least 71 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 85 % Say parking is easy

  • 84 % Say there's wildlife

  • 80 % Say yards are well-kept

  • 78 % Say there's holiday spirit

  • 78 % Say it's dog friendly

  • 74 % Say it's quiet

  • 69 % Say people would walk alone at night

  • 55 % Say they plan to stay for at least 5 years

  • 51 % Say neighbors are friendly

  • 46 % Say kids play outside

  • 20 % Say there are community events

  • 12 % Say there are sidewalks

  • 10 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Ann
    "I drive myself or ride my horse or take our ranger which is an off-road vehicle. There’s no public transit and that’s fine by me"
    1
    Flag
  • Riley M.
    "I've lived here for fifteen years, I absolutely love New River. people are generally friendly and it's perfectly quite at night. "
    0
    Flag
  • Dan S.
    "its quiet. a big snowbird area. gets busier in the winter. lots of trails for biking, hiking, or horseback. Close enough to Phoenix to commute but far enough to have a horse ranch."
    0
    Flag
  • Dawn A.
    "Great views, quiet area, few neighbors and no HOA. Good school and lots of nature. Acreages so houses are not close together."
    0
    Flag
  • Mary G.
    "This area is great for recreation. It's a nice, small, safe rural area. Yet, New River is still close to Shopping and Restaurants in nearby Anthem."
    0
    Flag
  • Robert M.
    "4.6 open acres with an excellent view of Daisy Mountain and New River Mesa. The rural setting of the Sabrosa subdivision offers low traffic and noise, but has easy access to Anthem's amenities."
    4
    Flag
  • Helena S.
    "I have lived in my lovely Ranch-style New River home now for 19 years. Where once there were no homes in view, now, is surrounded by other lovely homes with good neighbors consisting of working professionals, families with kids, snow-birds, single men/women, retired couples... a mixed bag of wonderfulness in every aspect. Spring and Fall are just lovely here and makes-up for the hot summer months. Rest of the year, the time is spent outdoors enjoying the desert fauna and flora in its full beauty."
    0
    Flag
  • js7777
    "I have driven through this area and even been to the Carlise Mountain. The view is amazing and I wish I had the money to live there!!! Shopping is right down the road about 2 miles; it is clean friendly and has Home Depot, Albertson's food market McDonald's etc. The shooting range is only 15 minutes away. I-17 is only 5 minutes away. Lake Pleasant also is very close and a great place to go on the weekends. IT IS PERFECT! "
    2
    Flag
  • Dpbuck3
    "Enjoy the amenities of living in the city and moments away you can slip off into the sunset riding your horse, ATVs or hiking the trails and mountains. Very beautiful north valley area of Arizona with its natural wonders to enjoy the natural Arizona scenery in the peace & quite... tranquility at it's best. Many hiking trails mountains horse riding trails and lovely sunsets, friendly neighborly area. Just a short drive to the outlet malls, shopping and dining. "
    2
    Flag
  • Tony N.
    "I love it out here. Quiet, sky littered w/ stars or flooded w/ moonlight."
    1
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Mar 19, 2026
Source: Zillow Rentals
ListingRemoved
$3,150
Feb 20, 2026
Source: Zillow Rentals
Listed For Rent
$3,150

Frequently asked questions about 40516 N 3rd Ave

  • What is 40516 N 3rd Ave estimated to be worth?
    Trulia's estimated value for 40516 N 3rd Ave in Phoenix, AZ is $587,500.
  • Is Phoenix a buyer's or seller's market?
    Phoenix is currently a balanced market, based on recent for-sale activity.
  • What do residents say about Phoenix?
    Residents describe Phoenix, AZ as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See recently sold homes in Phoenix, AZ.
  • What are the closest schools to 40516 N 3rd Ave?
    The closest schools to 40516 N 3rd Ave in Phoenix, AZ are Boulder Creek High School (Middle, rated 10/10), Desert Mountain School (Pre-K/Elementary/Middle, rated 6/10).
  • Does 40516 N 3rd Ave have air conditioning?
    Yes, 40516 N 3rd Ave in Phoenix, AZ has air conditioning.
  • Does 40516 N 3rd Ave have parking?
    Yes, 40516 N 3rd Ave in Phoenix, AZ has on-site parking.

Homes for rent near 40516 N 3rd Ave

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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