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1302 Terrace View Drive
Prescott, AZ 86301
Beds:
6
Baths:
3
Sq. Ft.:
4,618
Type:
House
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
Property Features
Directions:
Turn onto Terrace View from Rosser. Follow to end of cul-de-sac. Homestead is beyond the private gate.
Interior:
Ceiling Fan(s), Formal Dining, Granite Counters, Kit/Din Combo, Rev Osmosis System, Wash/Dry Connection
Cooling:
Ceiling Fan(s), Central Air
Appliances:
Disposal, Dryer, Electric Range, Oven, Refrigerator, Washer, Water Softener Rented
Basement Description:
Slab
Other Rooms:
2nd Master, Family Room, Game/Rec Room, Hobby/Studio, In-Law Suite, Laundry Room, Workshop
Exterior Features:
Driveway Circular, Native Species
Topography/Location:
Cul-De-Sac, Hillside, Juniper/Pinon, Other Trees, Rolling, Sloped - Gentle, Valley
Utilities:
Cable Available, Electricity Available, Phone Available, WWT - Septic Conv
RV Parking:
Other, Parking Spaces
Horse Property Description:
See Remarks
Topography:
Cul-De-Sac, Hillside, Juniper/Pinon, Other Trees, Rolling, Sloped - Gentle, Valley
Lot Size in Sq. Ft.:
797,148
Building Total Area (Sq. Ft.):
6,999
Road Improvements:
City Maintained Road, Private Maintained Road
View Description:
Bradshaw Mountain, City, Glassford Hill, Granite Mountain, Juniper/Pinon, Mountain(s), Panoramic, See Remarks, Thumb Butte, Trees/Woods
Windows Description:
Double Pane Windows, Interior Shutter
Property SubType:
Single Family Residence
Pets:
Domestics, Farm Animals, Horses
Subdivision Features:
None, Other - See Remarks
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Courtesy of Compass (480) 776-1555
© 2026 Prescott Area Association of REALTORS®. All rights reserved.
© 2026 Prescott Area Association of REALTORS®. All rights reserved.
Listing courtesy of Prescott Area Association of REALTORS® as distributed by MLS Grid. Based on information submitted to the MLS Grid as of 2026. All data is obtained from various sources and may not have been verified by the 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.
PAAR-Prescott data last updated at July 29, 2026, 7:54 PM MST
