1302 Terrace View Dr, Prescott, AZ 86301

Beds
6
Baths
3
Sqft
6,999

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Listed byCompass
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Overview

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

Location

Full feature list

Basic info

Property type
House
Number of stories
2
Number of bedrooms
6
Number of bathrooms
3
Square feet
6,999
Lot size (acres)
14.80
Year built
1978

Interior features

Fireplaces
1
Laundry
Inside

Exterior features

Area amenities
Gated Community
Horse amenities
Stable

Utilities

Heating
Electric
Cooling
Central Air, Ceiling Fans
Sewer
Septic System
Water
Private

Taxes

Tax Annual Amount (2025)
$5,380

Public schools

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Sourced from: Arizona Regional Multiple Listing Service (ARMLS) MLS®#: 7017602 Last checked:

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.