$3,750,000

1302 Terrace View Drive, Prescott, AZ 86301

  • 6 beds |
  • 3 baths |
  • 6,999 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1978
  • Property Lot Size Icon14.8acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $536/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Discover a rare opportunity to own a truly exceptional property in a highly desirable location adjacent to Prescott Lakes. Zoned SF-9, this expansive 18+ acre offering consists of three parcels w/ gently rolling topography & breathtaking views overlooking downtown Prescott. This unique homestead presents incredible potential for investors, developers, or those seeking a private estate. Whether you choose to revitalize the existing structures or envision a new subdivision, the possibilities are extensive. The main residence spans 4,618 sq. ft & features 6 bed, 3 bath, including an upper-level suite complete w/ a kitchenette, ideal for multi-generational living or guest accommodations. An additional 2,381 sq. ft. outbuilding includes 3 apartment units and caretaker's residence. While currently in need of restoration, the structure offers solid foundational elements, w/ existing electricity, plumbing, & septic systems already in place, making it a prime candidate for redevelopment into rental units, guest quarters, or a future community clubhouse. Property has two existing wells w/ 2 ponds that could be restored or re-designed. With its combination of size, zoning, location, & panoramic views, this property represents a rare & versatile investment opportunity in the heart of Prescott. Sale includes additional parcels include 116-18-066E and 116-18-080

Listing Status:
Active
Date Added:
April 22, 2026
Data Last Updated:
May 26, 2026 at 3:06PM
Listing Office:
Compass : 480-776-1555
Listing Agent:
Nancy Read : 928-830-8263
MLS ID:
7017602
  • General: Walk-in PantryHigh Speed InternetGranite CountersMaster DownstairsUpstairs2 Master Baths3/4 Bath Master BdrmFull Bth Master Bdrm
  • Laundry: Inside
  • Flooring: Vinyl
  • A/C: Central AirCeiling Fan(s)Programmable Thmstat
  • Heating: Electric
  • Fireplace: Living RoomFireplace
  • General: Workshop
  • Style: Ranch
  • Parking: RV Access/ParkingGatedCircular DrivewaySeparate Strge Area
  • Roofing: Composition
  • General: StuccoWood FramePainted
  • Road/Access: DirtAsphalt
  • HOA Amenities: No Fees
  • Originating MLS: Arizona Regional Multiple Listing Service 2
  • School District: Prescott Unified District
  • County: Yavapai
  • Zoning: 11618083
  • Fencing: PerimeterWire
  • Water: Private Well
  • Sewer: Septic Tank
  • Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Nancy Read , Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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