3rd Ave Lofts

3rd Avenue Lofts, Scottsdale, AZ: An Honest Community Overview

Morning coffee on your balcony as Old Town wakes up. An afternoon by the pool, then a walk along the canal to the Scottsdale Waterfront. Dinner, a gallery stroll and a nightcap, all without moving your car from the garage. That's the everyday rhythm at 3rd Avenue Lofts, a boutique condo building in the middle of Old Town Scottsdale.

3rd Avenue Lofts is a five-story, loft-style mid-rise at 7301 E. 3rd Avenue, on the corner of 3rd Avenue and Buckboard Trail, just east of Scottsdale Road and north of Indian School Road in the 85251 ZIP code. It was built in 2004 and 2005 with concrete and steel construction, and it's small enough that it feels more like a building of neighbors than a resort-style complex.

How 3rd Avenue Lofts Is Set Up

This is a single condominium association in one building. Floor plans range from studios and one-bedroom lofts with soaring ceilings to two-bedroom split plans and large top-floor penthouses. Most units come with one space in the gated underground garage and a storage locker, and units with a second space are less common. There is a 30-day minimum rental policy, but some units have appeared on vacation rental sites, so confirm the current leasing rules in the CC&Rs before you buy.

Housing

In 2026, one-bedroom lofts of about 834 to 1,040 square feet were listed from the high $400Ks to about $550,000, two-bedroom units of around 1,300 square feet were near $685,000, and a 6,400-square-foot penthouse with a huge terrace was at nearly $3.5 million.

The building is now about 21 years old. Original AC units from 2004 and 2005 are past their typical lifespan if they haven't been replaced, and some interiors still have original finishes. Loft-style units with tall ceilings and big windows look great but can be harder to cool in summer. Just a heads up, I'd ask for the HOA's reserve study, recent meeting minutes and the age of each unit's AC system before writing an offer. We recommend Air Army HVAC for an AC inspection or tuneup.

Amenities (Included With Your HOA)

The amenity list is shorter than at bigger complexes, but it covers the basics well: a heated pool and spa, a courtyard with a fireplace and BBQ grills, a private fitness center, a full-time on-site manager and concierge, building security, and gated underground parking with storage lockers.

What It Actually Costs

Monthly HOA dues in 2026 ranged from about $520 for smaller lofts to around $820 for two-bedroom units, with penthouses higher. Dues generally cover exterior maintenance, roof repair, water, sewer, trash and grounds, and some listings also include insurance, pest control and cable. Coverage varies by unit, so check the HOA disclosure for the specific residence.

Resale speed varies too. Some 2026 listings went under contract quickly, while at least one sat for more than five months with price cuts, so price your offer with recent sales in the building.

Location and Walkability

This is the reason people buy here. The Scottsdale Waterfront and the Arizona Canal paths are about a seven-minute walk, Scottsdale Fashion Square is about 10 minutes on foot, and Scottsdale Stadium is about 14 minutes away. Old Town's restaurants, galleries, Western Spirit museum and the Scottsdale Center for the Performing Arts are all close. The Loop 101 is about 15 minutes east, and Sky Harbor is roughly 20 minutes away.

Noise and Traffic

This is the downside most agents skip. 3rd Avenue Lofts sits within easy walking distance of the Scottsdale Entertainment District, home to many of the city's busiest bars and nightclubs. On weekend nights and during peak season from January through April, expect late-night noise, crowds, rideshare traffic and tight street parking for guests. Units facing 3rd Avenue or Buckboard Trail feel it more than pool-facing units. One of Sky Harbor's busiest departure routes also runs up through central Scottsdale, so visit on a Friday or Saturday night before you buy.

Rentals and Ownership Mix

Many owners use their units as second homes or rentals, which means some turnover and fewer full-time neighbors in summer. Scottsdale requires a city license for every short-term rental, and the association's own rental minimums may be stricter than the city's. If you plan to rent your unit, or want to know how many neighbors do, read the CC&Rs and ask the manager.

Schools

3rd Avenue Lofts is in Scottsdale Unified School District with Navajo Elementary, Mohave Middle School and Saguaro High School being the local schools. Verify school assignment by address, since boundaries and campuses are changing as the district consolidates.

Who It's Best For

3rd Avenue Lofts works well for buyers who want to walk to Old Town's restaurants, galleries, shopping and events, like loft-style design, and want a lock-and-leave home in a smaller building. It's not a great fit for buyers who want a quiet residential street, multiple parking spaces, a yard or extensive resort-style amenities, or the lowest possible monthly carrying costs.