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1302 Terrace View Drive
Prescott AZ 86301 US

$3,750,000

Active Listing ID 1081423
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6 bed
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3.00 Bath (3 Full)
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Lot: 18.29 Acres
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Single Family Residence

$3,750,000

Active Listing ID 1081423
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1302 Terrace View Drive 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

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Property Features

  • Facts
  • Lot Size: 18.29 Acres
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 3
  • Cooling System: Central Air, Ceiling Fan(s)
  • Exterior Finish: Driveway Circular, Native Species
  • Floor Covering: Vinyl
  • Roof Type: Composition
  • Heating Fuels: Electric (Heating)
  • Additional Features
  • Fireplace
  • Patio

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 3750000
  • unparsedaddress: 1302 Terrace View Drive
  • postalcity: Prescott
  • stateorprovince: AZ
  • country: US
  • postalcode: 86301
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 18.29
  • lotsizeunits: Acres
  • lotsizearea: 18.29
  • livingarea: 4618
  • livingareaunits: Square Feet
  • latitude: 34.566482
  • longitude: -112.465511
  • listagentfullname: Nancy Ann Read
  • listagentemail: nancy@pcgagents.com
  • listagentkey: 3yd-PAARAZ-8849
  • listagentmlsid: 8849
  • listagentpreferredphone: 9288308263
  • listagentofficephone: 9288308263
  • listofficekey: 3yd-PAARAZ-10722000
  • listofficemlsid: 10722000
  • disclaimer: 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.
  • sourcesystemid: PAARAZ
  • yearbuilt: 1978
  • listingcontractdate: 2026-04-24
  • listagenturl: http://www.pcgsir.com
  • countyorparish: Yavapai
  • parcelnumber: 3
  • appliances: Disposal, Dryer, Electric Range, Oven, Refrigerator, Washer, Water Softener Rented
  • cooling: Central Air, Ceiling Fan(s)
  • constructionmaterials: Frame
  • flooring: Vinyl
  • heating: Electric (Heating)
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 3
  • roof: Composition
  • view: City
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: Ceiling Fan(s), Formal Dining, Granite Counters, Kit/Din Combo, Rev Osmosis System, Wash/Dry Connection
  • exteriorfeatures: Driveway Circular, Native Species
  • windowfeatures: Shutters, Double Pane Windows
  • architecturalstyle: Ranch
  • rooms: Bedroom 6, Family Room, Bedroom 4, Bathroom 3, Family Room, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 5, Dining Room, Bathroom 2, Laundry Room, Game Room, Bedroom 2
  • utilities: Cable Available
  • patioandporchfeatures: Patio, Deck
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Perimeter
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -112.46551, 34.566483
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Launch Powered by Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"nancy@pcgagents.com", "ListBrokerageCity":"Scottsdale", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Launch Powered by Compass", "ListBrokeragePhone":"(602) 386-9967", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"4222 N Marshall Way, Ste A", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"4222 N Marshall Way, Ste A ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"10722000", "ListOfficeCity":"Scottsdale", "ListOfficeCountry":"US", "ListOfficeEmail":"lexie@azhomes.com", "ListOfficePostalCode":"85251", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"SINGLE_FAMILY - Ranch - Prescott, AZ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1302-Terrace-View-Dr_Prescott_AZ_86301_M25199-06083?f=listhub&s=PAARAZ&m=1081423&c=rexren", "MLSModificationTimestamp":"2026-04-27 17:11:20", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5380, "TaxDescription":"WINN SUBD LOT 3", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/27/2026 5:21:08 PM GMT
Source Updated Date: 5/10/2026 12:36:50 PM GMT

Courtesy of: Nancy Ann Read, Compass, nancy@pcgagents.com

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.