1302 Terrace View Drive, Prescott, AZ 86301

$3,750,000
: 6
BD
: 3
BA
: 4,618
SqFt

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List Price: $3,750,000
Status: ACTIVE
MLS#: 1081423
City: Prescott
Bedrooms: 6
Bathrooms: 3
Living SQFT: 4,618
Lot Size: 797,148
Year Built: 1978
Type: Single Family Residence

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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

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