1302 Terrace View Drive, Prescott, AZ 86301

New Listing

$3,750,000

Property Type: Residential Bedrooms: 6 Baths: 3 Square Footage: 6,999 Lot Size (sq. ft.): 796,712 Status: Active

Current Price: $3,750,000 List Date: 4/24/2026 Last Modified: 4/24/2026

Overview

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 ... (Read more)

Listing Details MLS# 1081423

ContractAddressLegal

Original List Price: 3750000
Listing Price: 3750000
Street #: 1302
Street Name: Terrace View
St Suffix: Drive
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Subdivision: None
Tax Parcel: 116-18-083

General Property Description

Bedrooms Possible: 10
Split Bedroom Plan: Yes
Baths - Full: 3
Total Bathrooms: 3
WH Gallons: 50
Year Built: 1978
Aprx SqFt: 4618
Total Liveable SqFt: 6999
Source of Measurement: County Assessor
Stories: 2
Aprx Acres: 18.29
Garage Detached: 3
Total Garage: 3
Total Parking: 3
RV Garage/Parking: Yes
Buildings: 2
Home Warranty: Negotiable
Solar Y/N: No
HOA Y/N: No
Age Restrictions Y/N: No
Builder Name: Unknown
Plan Type: Custom
Garage Attached: 0
Carport Attached: 0
Carport Detached: 0

Tax Info

Taxes: 5380
Tax Year: 2025
Asmts Freq: Semi-Annual

Guest House

Bathrooms: 4
SqFt: 2381

Contract/Address/Legal

List Price/SqFt: 536
Residential Type: Site Built Single Family
Land Lease: No
Residential Status: Existing
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: SF-9
Auction: No
Lot #: 3
Assessor's Book #: 116
Assessor's Map #: 18
Assessor's Parcel #: 83
Legal: WINN SUBD LOT 3
Irrigation Rights: No

Remarks & Misc

Directions: Turn onto Terrace View from Rosser. Follow to end of cul-de-sac. Homestead is beyond the private gate.
Remarks: 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

More Information

Office/Member Info

Listing Exclusions: No

Construction

Frame - Wood: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Flooring

Vinyl: Yes

Heating

Electric: Yes

Possession

At Recordation: Yes

Records Available

None: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Dirt: Yes
Paved: Yes

Style

Multi-Level: Yes
Ranch: Yes

Road Responsibility

City Maintained Road: Yes
Private Maintained Road: Yes

Roof

Composition: Yes

Interior Features

Ceiling Fan(s): Yes
Fireplace-Woodburn: Yes
Formal Dining Area: Yes
Granite Counters: Yes
Kit/Din Combo: Yes
Rev Osmosis System: Yes
Smoke Detector(s): Yes
Utility Sink: Yes
Wash/Dry Connection: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes

Exterior Features

Deck-Open: Yes
Driveway-Circular: Yes
Fence - Perimeter: Yes
Native Species: Yes
Patio - Covered: Yes
Patio - Open: Yes
Well/Pump House: Yes

Utilities Installed

Cable TV: Yes
Electricity: Yes
Telephone: Yes
Water - Private Well: Yes
WWT - Septic Conv: Yes

Water Heater

Natural Gas: Yes

Appliances

Disposal: Yes
Dryer: Yes
Electric Range: Yes
Oven: Yes
Refrigerator: Yes
Washer: Yes
Water Softener Rented: Yes

Topo/Location

Cul-De-Sac: Yes
Hillside: Yes
Juniper/Pinon: Yes
Other Trees: Yes
Rolling: Yes
Sloped - Gentle: Yes
Valley: Yes

Foundation/Basement

Found - Slab: Yes

Window/Coverings

Double Pane Windows: Yes
Interior Shutter: Yes

Views

Bradshaw Mountain: Yes
City: Yes
Glassford Hill: Yes
Granite Mountain: Yes
Juniper/Pinon: Yes
Mountain(s): Yes
Panoramic: Yes
Thumb Butte: Yes
Trees/Woods: Yes
See Remarks: Yes

Pets/Animals

Domestics: Yes
Farm Animals: Yes
Horses: Yes

Other Rooms

2nd Master: Yes
Family Room: Yes
Game/Rec Room: Yes
Hobby/Studio: Yes
In-Law Suite: Yes
Laundry Room: Yes
Workshop: Yes

RV/Garage/Park

Parking Spaces: Yes
Other: Yes

Subdivision Features

None: Yes
Other - See Remarks: Yes

Horse Amenities

See Remarks: Yes

Property Features

Style: Multi-Level; Ranch Construction: Frame - Wood Interior Features: Ceiling Fan(s); Fireplace-Woodburn; Formal Dining Area; Granite Counters; Kit/Din Combo; Rev Osmosis System; Smoke Detector(s); Utility Sink; Wash/Dry Connection Exterior Features: Deck-Open; Driveway-Circular; Fence - Perimeter; Native Species; Patio - Covered; Patio - Open; Well/Pump House Appliances: Disposal; Dryer; Electric Range; Oven; Refrigerator; Washer; Water Softener Rented Heating: Electric Cooling: Ceiling Fan(s); Central Air Flooring: Vinyl Utilities Installed: Cable TV; Electricity; Telephone; Water - Private Well; WWT - Septic Conv Roof: Composition Views: Bradshaw Mountain; Glassford Hill; Granite Mountain; Juniper/Pinon; Mountain(s); Panoramic; Thumb Butte; Trees/Woods; See Remarks Horse Amenities: See Remarks Water Heater: Natural Gas Road Frontage Type: City Street Road Surface Type: Dirt; Paved Road Responsibility: City Maintained Road; Private Maintained Road Other Rooms: 2nd Master; Family Room; Game/Rec Room; Hobby/Studio; In-Law Suite; Laundry Room; Workshop Records Available: None Subdivision Features: None; Other - See Remarks Possession: At Recordation

Listing Office: Compass

Last Updated: April - 24 - 2026

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