Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
6 Beds
3 Baths
4,618 sqft

$3,750,000

1302 Terrace View Drive, Prescott AZ, 86301

Price per sqft$812.04
Built in1978
Property size4,618 sqft
Property typeResidential
Courtesy of Compass, Nancy Ann Read Listing Contact:

Overview

Active

Listed Apr 24, 2026

Updated 6 days ago

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

$24,949/mo

Est. mortgage payment based on a $3,750,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1081423

Interior Features

Bedrooms
6
Bathrooms
3
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
18.3 Acres

Other Property Details

Taxes
$5,380
Tax Frequency
Annually
Garage
Yes
View
Yes
55+/Senior Community
No

Courtesy of Compass, Nancy Ann Read

Listing Contact:  

Listings courtesy of Prescott Area Association of Realtors as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Peter Fife shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 4:37 AM UTC on 9/11/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

©2026 Prescott Association of REALTORS. All rights reserved.

DMCA Notice

Powered by Luxury Presence