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About This Home

This 6-bedroom, 3-bathroom single family at 1302 Terrace View Drive in Prescott, AZ is listed for $3,750,000 ($812 per sqft). Built in 1978, the home offers 4,618 sqft of living space on a 18.29 acres lot.

Agent Description

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 electri

city, 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

Key Features

  • Built in 1978
  • 18.29 acre lot
  • 2 stories
  • 3 parking spaces
  • Fireplace

Property Details

2 stories
3 full
3 spaces
1978

Amenities

FireplaceViewA/C

Monthly Cost Estimate

$20,056/mo

20% down · 6.5% · 30 years

Principal$2,712
Interest$16,250
Insurance$1,094

Estimates only. Actual payments may vary.

Location

1302 Terrace View Drive

Prescott, AZ 86301

Features & Amenities

Interior Features

Ceiling Fan(s)Formal DiningGranite CountersKit/Din ComboRev Osmosis SystemWash/Dry Connection

Exterior Features

Driveway CircularNative Species

Property Details

Flooring

Vinyl

Construction

Frame

Views

City

Pool Features

PatioDeck

Heating

Electric (Heating)

Cooling

Ceiling Fan(s)Central Air

Appliances

DisposalDryerElectric RangeOvenRefrigeratorWasherWater Softener Rented

Questions & Answers

This 6-bedroom, 3-bathroom single family at 1302 Terrace View Drive is listed at $3,750,000 ($812/sqft). The estimated monthly payment is $16,250 based on 20% down at 6.5% interest.

Key features include: Built in 1978, 18.29 acre lot, 2 stories, 3 parking spaces, Fireplace. Interior Features: Ceiling Fan(s), Formal Dining, Granite Counters. Exterior Features: Driveway Circular, Native Species.

This property is listed by Nancy Ann Read and can be reached at 9288308263 or nancy@pcgagents.com.

NR

Nancy Ann Read

Agent at Compass

(928) 830-8263

Listed by Compass · View on Broker Site

MLS# 1081423· Source: listhub· Updated 38 days ago

Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1302 Terrace View Drive, Prescott, AZ 86301

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