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Courtesy of Compass, Nancy Read Listing Contact: [email protected] 
6 Beds
3 Baths
6,999 sqft

$3,750,000

1302 Terrace View Drive, Prescott AZ, 86301

Price per sqft$535.79
Built in1978
Property size6,999 sqft
Property typeResidential

Overview

Active

Listed Apr 22, 2026

Updated Aug 12

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
7017602

Interior Features

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

Exterior Features

Lot Size
14.8 Acres

Other Property Details

Taxes
$5,380
Tax Frequency
Annually
View
Yes

Also listed on PAAR

Courtesy of Compass, Nancy Read

Listing Contact: [email protected] 

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 Arizona Adobe Group Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Not representative of the licensee’s transaction history. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

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Data Last Updated: 3:24 AM UTC, 8/12/2026.

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