1302 Terrace View Drive, Prescott, AZ 86301 - MLS #7017602

images$3,750,000 images6 Beds

images3 Bath images6,999 sqft images1978

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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.

Supplements: 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
Special Listing Cond: N/A
Add'l Property Use: Other
Architecture: Ranch
View: City Lights; Mountain(s)
Master Bathroom: 3/4 Bath Master Bdrm; Full Bth Master Bdrm; Private Toilet Room; 2 Master Baths; Other (See Remarks)
Master Bedroom: Split; Upstairs; Downstairs
Additional Bedroom: Other Bedroom Split; 2 Master Bedrooms; Master Bedroom Walk-in Closet; Master Bedroom Sitting Room
Fireplace Features: Fireplace Living Rm
Flooring: Vinyl
Spa: None
Dining Area: Formal
Kitchen Features: 220 Volts in Kitchen; Dishwasher; Refrigerator; Walk-in Pantry; Granite Counters
Laundry: Washer Included; Dryer Included; Inside
Other Rooms: Family Room; Guest Qtrs-Sep Entrn
Technology: High Speed Internet
Other Structures: Workshop
Parking Features: Circular Driveway; Gated; RV Access/Parking; Separate Strge Area
Road Access Type: City Street
Road Surface Type: Asphalt; Dirt
Road Responsibility: City Maintained Road; Private Maintained Road
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Cooling: Central Air; Ceiling Fan(s); Programmable Thmstat
Plumbing: Electric Hot Wtr Htr
Utilities: APS; City Gas; Oth Gas (See Rmrks)
Water Source: Private Well
Sewer: Septic Tank
Services: City Services
Fencing: Perimeter; Wire
Property Description: Hillside Lot; Cul-De-Sac Lot; North/South Exposure; East/West Exposure; Street(s) Not Paved
Landscaping: Dirt Front; Dirt Back; Natural Desert Front; Natural Desert Back
Horse Features: Barn; See Remarks
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Possession: Close of Escrow
Unit Style: Two Levels
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange
Disclosures: Well Disclosure; Other (See Remarks)
Contract Information
List Price: $3,750,000
Status: Active
Current Price: $3,750,000
List Date: 2026-04-22
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 1302
Street Name: Terrace View
St Suffix: Drive
City/Town Code: Prescott
State/Province: AZ
Zip Code: 86301
Zip4: 1553
County Code: Yavapai
Assessor Number: 116-18-083
Subdivision: WINN
Tax Year: 2025
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 2
# Bedrooms: 6
Full Bathrooms: 3
Total Bathrooms: 3
Approx SQFT: 6999
Price/SqFt: 535.79
Guest House SqFt: 2381
Horses: Y
Builder Name: custom
Year Built: 1978
Approx Lot SqFt: 644771
Approx Lot Acres: 14.802
Flood Zone: No
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: 1
Marketing Name: Development Opportunity!
Elementary School District: Prescott Unified District
High School District: Prescott Unified District
Elementary School: Taylor Hicks School
Jr. High School: Granite Mountain Middle School
High School: Prescott High School
Remarks Misc
Cross Street: Willow Creek & Rosser
Directions: Turn on Terrace view off Rosser. Follow Terrace View to end of cul-de-sac. Property is beyond the private gate. Please call LA for access.
Geo Lat: 34.566483
Geo Lon: -112.465512
Legal Info
Township: 14N
Range: 2W
Section: 28
Lot Number: 3
Basement
Basement Y/N: N
Parking Spaces
Slab Parking Spaces: 3
Showing Notification Methods
Showing Service: No Showing Service Used
Contact Info
List Agent Home Phn: 928-830-8263