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$3,750,000
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Property 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 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
Full Property Details
Full Property Details for 1302 Terrace View Dr
General
- Price: $3,750,000
- Taxes: $5,380 (2025)
- Status: Active
- Type: Single Family
- Source: PAAR_Prescott_MLS
- MLS ID: 1081423
- Updated: 4/24/2026
- Added to Site: 36 day(s) ago
Interior
- Rooms/Areas: 2nd Master, Family Room, Game/Rec Room, Hobby/Studio, In-Law Suite, Laundry Room, Workshop
- Interior Features: Ceiling Fan(s), Formal Dining, Granite Counters, Kitchen/Dining Room Combination, Rev Osmosis System, Washer and Dryer Hookups
- Fireplace(s): Wood Burning
- Appliances: Disposal, Dryer, Electric Range, Oven, Refrigerator, Washer, Water Softener Rented
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Driveway Circular, Native Species
- Porch/Patio/Deck: Deck, Covered, Patio
Parking
- Garage: Yes
- Garage Spaces: 3
Location
- County: Yavapai
- Subdivision: None
- Driving Directions: Turn onto Terrace View from Rosser. Follow to end of cul-de-sac. Homestead is beyond the private gate.
Community
- Community Features: None, Other - See Remarks
- Pet Restrictions: Domestics, Farm Animals, Horses
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Central Air Conditioning
- Heating Type: Electric
- Water Heater: Natural Gas
Utilities
- Water: Well, Private
- Onsite: Cable Available, Electricity Available, Phone Available, WWT - Septic Conv
Structural Information
- # Buildings: 2
- Architectural Style: Ranch
- Split Bedroom Plan: Yes
- Construction Status: Existing
- Construction: Frame
- Basement: Yes
- Basement Desc.: Slab
- Roof: Composition
- Windows: Double Pane Windows, Interior Shutter
- Stories/Levels: 2
- Building Size: 6999
- Square Feet: 6,999
- Year Built: 1978
Lot Features
- Property View: Bradshaw Mountain, City, Glassford Hill, Granite Mountain, Juniper/Pinon, Mountain(s), Panoramic, See Remarks, Thumb Butte, Trees/Woods
- Lot Size (Acres): 18.29
- Lot Size (Sq. Ft.): 797,148
- Lot Size Source: County Records
- Frontage: City Street
- Street/Road Desc.: Dirt, Paved
- Road Maintenance: City Maintained Road, Private Maintained Road
- Fence: Yes
- Topography: Cul-De-Sac, Hillside, Juniper/Pinon, Other Trees, Rolling, Sloped - Gentle, Valley
- Zoning: SF-9
- Fencing (Description): Perimeter
Horse Property
- Horse Property: Yes
- Horse Facility Desc.: See Remarks
Financial Considerations
- Assmt Payment Freq: Semi-Annual
- Tax Amount: $5,380
- Tax Year: 2025
- Terms: 1031 Exchange, Cash, Conventional
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: WINN SUBD LOT 3
- APN: 116-18-083
- Lot Number: 3
Listed by Compass and Non-Member
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Schools
Schools serving 1302 Terrace View Dr
School District:Prescott Unified District
| Name | Grades | Distance |
|---|---|---|
Taylor Hicks School 1845 Campbell Avenue, Prescott, AZ 86301 | K-4 | 0.6 mi |
Granite Mountain Middle School 1800 North Williamson Valley Road, Prescott, AZ 86305 | 5-6 | 2.4 mi |
Prescott High School 1050 Ruth Street, Prescott, AZ 86301 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1302 Terrace View Dr
Date
Details
Price
Change
Source
4/24/2026
Listed
$3,750,000
435.71%
MLS
11/26/2013
Sold
$700,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1302 Terrace View Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,380
3%
$150,808
9%
2024
$5,216
—
$138,313
-2%
2024
$5,216
4%
$141,025
-3%
2022
$5,007
—
$145,473
26%
2022
$5,007
-4%
$115,868
17%
2021
$5,220
—
$99,210
-3%
2020
$5,229
1%
$102,113
100%
2019
$5,163
4%
-100%
2018
$4,980
5%
$83,184
7%
2017
$4,750
14%
$78,002
4%
2016
$4,181
5%
$75,021
6%
2015
$3,989
5%
$71,037
12%
2013
$3,796
—
$63,406
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1302 Terrace View Dr
1302 Terrace View Drive, Prescott, AZ 86301 (MLS# 1081423) is a Single Family property with 6 bedrooms and 3 full bathrooms. 1302 Terrace View Drive is currently listed for $3,750,000 and was received on April 24, 2026. Want to learn more about 1302 Terrace View Drive? Do you have questions about finding other Single Family real estate for sale in Prescott? You can browse all Prescott real estate or contact a Coldwell Banker agent to request more information.

