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Home > 1302 Terrace View Drive, Prescott, AZ 86301 (MLS# 7017602)

1302 Terrace View Drive, Prescott, AZ 86301

$3,750,000
Property Type: Residential Bedrooms: 6 Baths: 3 Square Footage: 6,999 Lot Size (sq. ft.): 644,771 Status: Active
Current Price: $3,750,000 Last Modified: 4/27/2026

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

More Information MLS# 7017602

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No List Price: $3,750,000 Status: Active Current Price: $3,750,000 List Date: 2026-04-22

Location, Tax & Legal

Assessor's Map #: 18 Legal Description (Abbrev): LOT 3 WINN BOOK 2 PAGE 6 Assessor's Parcel #: 83 Tax Municipality: Prescott Taxes: 5380 House Number: 1302 Street Name: Terrace View St Suffix: Drive City/Town Code: Prescott State/Province: AZ Zip Code: 86301 Zip4: 1553 Country: US County Code: Yavapai Assessor Number: 116-18-083 Subdivision: WINN Tax Year: 2025

General Property Description

Dwelling Styles: Detached # of Interior Levels: 2 Full Bathrooms: 3 Half Bathrooms: 0 Approx SQFT: 6999 Price/SqFt: 535.79 Approx Lot SqFt: 644771 Approx Lot Acres: 14.802 Flood Zone: No Guest House SqFt: 2381 Horses: Y Builder Name: custom 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 Community Pool Y/N: No Private Pool Y/N: No Fireplace YN: Yes Fireplaces Total: 1 Marketing Name: Development Opportunity! Dwelling Type: Single Family Residence Exterior Stories: 1 # Bedrooms: 6 Total Bathrooms: 3 Year Built: 1978

Legal Info

Range: 2W Section: 28 Township: 14N Lot Number: 3

Special Listing Cond

N/A: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Composition: 1

Association & Fees

HOA Y/N: N PAD Fee Y/N: N Land Lease Fee Y/N: N Ttl Mthly Fee Equiv: 0

Showing Notification Methods

Showing Service: No Showing Service Used Text: 1 Phone Call: 1

Lockbox Type

None: 1

Architecture

Ranch: 1

Master Bathroom

3/4 Bath Master Bdrm: 1 Full Bth Master Bdrm: 1 Private Toilet Room: 1 2 Master Baths: 1 Other (See Remarks): 1

Master Bedroom

Split: 1 Upstairs: 1 Downstairs: 1

Additional Bedroom

Other Bedroom Split: 1 2 Master Bedrooms: 1 Master Bedroom Walk-in Closet: 1 Master Bedroom Sitting Room: 1

Add'l Property Use

Other: 1

Fireplace Features

Fireplace Living Rm: 1

Flooring

Vinyl: 1

Dining Area

Formal: 1

Heating

Electric: 1

View

City Lights: 1 Mountain(s): 1

Kitchen Features

220 Volts in Kitchen: 1 Dishwasher: 1 Refrigerator: 1 Walk-in Pantry: 1 Granite Counters: 1

Cooling

Ceiling Fan(s): 1 Programmable Thmstat: 1 Central Air: 1

Laundry

Washer Included: 1 Dryer Included: 1 Inside: 1

Basement

Basement Y/N: N

Other Rooms

Family Room: 1 Guest Qtrs-Sep Entrn: 1

Separate Den/Office

Sep Den/Office Y/N: Y

Road Access Type

City Street: 1

Road Surface Type

Asphalt: 1 Dirt: 1

Road Responsibility

City Maintained Road: 1 Private Maintained Road: 1

Technology

High Speed Internet: 1

Fencing

Perimeter: 1 Wire: 1

Water Source

Private Well: 1

Spa

None: 1

Sewer

Septic Tank: 1

Parking Spaces

Slab Parking Spaces: 3 Total Covered Spaces: 0

Parking Features

Separate Strge Area: 1 Circular Driveway: 1 Gated: 1 RV Access/Parking: 1

New Financing

Cash: 1 Conventional: 1 1031 Exchange: 1

Plumbing

Electric Hot Wtr Htr: 1

Utilities

APS: 1 City Gas: 1 Oth Gas (See Rmrks): 1

Existing 1st Loan

Treat as Free&Clear: 1

Property Description

Hillside Lot: 1 Cul-De-Sac Lot: 1 North/South Exposure: 1 East/West Exposure: 1 Street(s) Not Paved: 1

Landscaping

Dirt Front: 1 Dirt Back: 1 Natural Desert Front: 1 Natural Desert Back: 1

Services

City Services: 1

Horse Features

Barn: 1 See Remarks: 1

Unit Style

Two Levels: 1

Other Structures

Workshop: 1

Contact Info

List Agent Home Phn: 928-830-8263

Disclosures

Well Disclosure: 1 Other (See Remarks): 1

Possession

Close of Escrow: 1

Association Fee Incl

No Fees: 1

Assoc Rules/Info

None: 1

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

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)
Listing Office: Compass
IDX
Last Updated: April - 27 - 2026
Broker Attribution: nancy.read@compass.com
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