Lot For Sale near Watson Lake

Nestled in the highly desirable Yavapai Hills community in the heart of Prescott, this view property offers a rare combination of flexibility, income potential, and long-term value. With breathtaking views and a thoughtfully designed layout, this home is an outstanding opportunity for buyers seeking a multi-generational setup, multi-family-style living, or strong rental potential.The main level features 1,488 square feet with three bedrooms, two bathrooms, a spacious living room, and two dining areas that provide flexibility for everyday living and entertaining. Large windows fill the home with natural light while showcasing Prescott's beautiful landscape. Step outside onto the expansive deck to enjoy morning coffee, evening sunsets, and the peaceful setting that makes Yavapai Hills one of Prescott's most sought-after neighborhoods. The roof was replaced in 2023, offering added peace of mind for years to come.The lower level adds exceptional versatility with 1,252 square feet of private guest quarters and its own separate side entrance, making it especially appealing for multi-family use or rental income. This space includes two bedrooms, one bathroom, a large living room, a kitchenette, generous storage, and a private deck. Whether used for extended family, adult children, long-term guests, or as an income-producing rental space, this lower level offers the kind of flexibility that is increasingly hard to find.For buyers looking for a property that can serve multiple needs, this home stands out. The separate living areas create an ideal setup for multi-generational households, shared living arrangements, or owners who want to offset their mortgage with rental income. With its functional layout and private lower-level quarters, this property offers excellent potential as a high-demand rental or dual-living opportunity.Located just minutes from shopping, dining, medical facilities, and downtown Prescott, this property offers the perfect balance of privacy, views, and convenience. Opportunities like this do not come along often. Whether you are looking for a spacious home with room for extended family or a property with excellent rental potential in one of Prescott's premier communities, this home delivers.

Property Details

  • Location: Watson Lake
  • Acres: 0.330
  • County: Yavapai County
  • Community: Yavapai Hills
  • Property Taxes: $1,893
  • MLS #: 1080180

Location

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Contact Information:

Contact Agent
Listing Agent: Tiffany C Taylor, RENT RIGHT MANAGEMENT SOLUTIONS, 928-458-4614, 928-771-0308 Listing Site, Listing Status: Active
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.

Ad Statistics:

Lake Lot For Sale in Prescott, Arizona
Ad Number : 7385415
Viewed: 34 times
Added: Mar 11, 2026
Updated on: Mar 11, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.