Princess Maker 3 is the third mainline Princess Maker game. The game was originally released in 1997 and 1998 on PlayStation, Sega Saturn, Dreamcast (later rereleased in 2001 as part of Princess Maker Collection where it was bundled with Princess Maker 2) and Windows. In 2017 the game was released on Steam and Nintendo Switch as Princess Maker ~Faery Tales Come True~ (HD Remake), featuring upscaled graphics, a new UI (as well as the old UI) and more.

The game begins with the Queen of the Faerie realm speaking to the father figure in this game, addressing the father figure by the profession he chooses. She explains that a certain faerie wishes to become a human princess, and has pleaded with her to come to the human world. She then bestows the girl on the hero, making it his job to raise her to adulthood. To help with the task, a faerie housekeeper by the name of Uzu is assigned to the hero, and thus the journey begins.