8940 E COVINA Street, Mesa, AZ 85207, Mesa, 85207 - 3 bed, 2 bath
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8940 E COVINA Street
Mesa, AZ 85207
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,490Sq Ft
3,600Lot Size
Property Price
LIST PRICE$499,990
EST. MARKET VALUE
$480,500
4% AboveMARKET VALUE
SUMMARY
This Brand New Single-Family Residence is a Turnkey Lifestyle Property listed at $499,990, which aligns closely with its $480,501 Fair Market Value. Featuring a Gourmet Kitchen with quartz countertops and a High-Performance Smart Home system, the property maintains an Excellent Condition Rating of 2. Located in the gated Rialta community, it offers desirable mountain views and modern 9' ceilings. While the lot size is compact, the home provides a premium, maintenance-free living experience. This is an ideal acquisition for Professional Couples or Owner-Occupants seeking a modern, secure sanctuary.
Estimated Market Value
$480,500
Based on Realkey algorithm analyzing recent comparable sales in Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8940 E COVINA Street Subject | $499,990* List Price | 3 | 2 | 1,490 | $322 | - |
A 1136 N 87TH Place Sold | $360,000 | 2 | 2 | 1,153 | $312 | 0.8 mi |
B 1136 N 87TH Place Sold | $360,000 | 2 | 2 | 1,152 | $313 | 0.8 mi |
C 8916 E COVINA Street Pending | $479,990 List Price | 3 | 2 | 1,490 | $322 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
This is a brand new 2026 construction in mint condition. It features a gourmet kitchen with quartz countertops, stainless steel appliances, and soft-close cabinetry. As a high-performance smart home, all systems (HVAC, electrical) are new and require no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Gourmet Kitchen
The home features a premium gas gourmet kitchen equipped with stainless steel appliances, 42-inch soft-close cabinetry, and elegant light quartz countertops.
- New Construction & Smart Technology
As a brand-new 2026 build, this high-performance smart home offers modern energy efficiencies, 9-foot ceilings, and contemporary tile flooring throughout.
- Prime Gated Location with Views
Located in the exclusive gated community of Rialta in Northeast Mesa, the property offers added security and desirable mountain views.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
The 3,600 square foot lot is relatively compact for a single-family residence, which may restrict outdoor activities and landscaping options.
- Premium Pricing
With a list price near $500,000 for under 1,500 square feet and no seller concessions included, the price per square foot is significantly higher than some area averages.
About 8940 E COVINA Street
Exclusive Northeast Mesa Community! BEAUTIFUL BRAND NEW SINGLE STORY w/ 9' CEILINGS! This Gemini plan features a Primary separate from the other bedrooms, as well as a stunning gas GOURMET kitchen with stainless appliances! Dark Painted Cabinets are all Soft Close throughout the home, and the 42'' Kitchen Cabinets pair perfectly with Light Quartz Counter Tops. Additional features include 6x24 Light Grey Tile Flooring throughout and a gas stub for a BBQ outback. This home is a High Performance Smart Home. Welcome to the beautiful gated community of Rialta! This Pricing Does Not Include Seller Concessions.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2026
- Lot Size
- 3,600 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $164 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,490 | 1,890.26 |
| Lot Size | 3,600 | 7,798.376 |
| Price | $500.0K | $485.4K |
| Price per sq ft | $336 | $264 |
| Built year | 2026 | 1994 |
| HOA | $164 | $174 |
| Days on market | 23 | 69 |
Pricing History
Listed for Sale
Aug 17, 2026
$499,990
Initial Listing