Own a rare and remarkable piece of Prescott history--where timeless character, modern comfort, and built-in income potential come together on a breathtaking .88-acre pine-covered retreat. Originally crafted by famed Western author Walt Coburn, the namesake of Coburn Drive, this one-of-a-kind storybook estate captures the spirit of the Old West while delivering the lifestyle today's buyers dream about.From the moment you arrive--via all paved roads and with no HOA restrictions--you'll feel the privacy and freedom this property offers. Set among towering pines, the meticulously maintained grounds unfold into a magical setting filled with winding pathways, three charming gazebos, three pergolas, lush grassy area, and mature fruit trees. Expansive covered decking surrounds the home, creating seamless indoor-outdoor living and endless spaces to relax, entertain, and take in the peaceful forest views.Inside, the 1,843 sq ft home is nothing short of captivating. Massive windows flood the space with natural light and frame the surrounding pines like living artwork. Soaring log-beamed ceilings, rich cherry hardwood floors, granite countertops, plantation shutters, and two cozy fireplaces create a warm yet refined mountain aesthetic. The flexible 3-bedroom layout includes a unique 450 sq. ft. loft-style third bedroom above the detached garage--perfect for guests, a studio, or creative retreat.This property isn't just beautiful--it's incredibly functional and versatile: Detached 2-car garage with bonus loft space for a guest suite, office, gym, or workshop 3-stall horse barn for equestrian possibilities Impressive 30x55 Bunger RV garage with an 11x32 upper-level workspace Fully fenced acreage for privacy, pets, or livestock 12 GPM well with a 2,500-gallon water tank and backup generator for added security and independence And perhaps most compelling of all--this property includes an existing lease(over 30 years) with Century Link, generating over $1,000 per month in passive income from a lease of a small, unobtrusive portion of the land. It's a rare opportunity to offset ownership costs while enjoying your private sanctuary.This is more than a home--it's a lifestyle, a legacy, and an investment all in one. Properties like this simply don't come along often.Come experience the magic for yourself--schedule your private showing today.