940 N WATERS EDGE Way, Prescott, AZ 86303 - The HYLAND GROUP

$1,299,000

Prescott is a lifestyle that people travel from across the globe to experience. ''EVERYBODY'S HOMETOWN'' draws visitors YEAR-ROUND for the World's Oldest Rodeo, the beloved Prescott Garden Tour, Whiskey Row, the Prescott National Forest, and hundreds of miles of trails winding through one of Arizona's most breathtaking landscapes. Short-term rental… Read More demand here is not seasonal. It is sustained, and growing. 940 N. Waters Edge Way is the property that captures it all. Nestled creekside in one of Prescott's most tranquil and desirable pockets, this BRAND-NEW CUSTOM-BUILT ESTATE delivers approximately 3,504 sq ft of thoughtfully designed living space, 4 bedrooms, 4.5 bathrooms, a 955 sq ft OVERSIZED-TANDEM GARAGE w/ accessory door to exterior, a 710 sq ft COVERED BALCONY, and the kind of magazine-worthy interior that commands premium nightly rates and five-star reviews. There is no HOA, giving you full flexibility to operate as a short-term rental from day one. From the moment guests arrive, the experience begins. A striking contemporary exterior with dramatic evening lighting, a paver driveway, and soaring architectural lines signal immediately that this is something different. Step inside and the design language continues: soaring ceilings, rich dark cabinetry, black marble countertops, high-end stainless appliances, and a showstopping floor-to-ceiling black marble fireplace that anchors the main living space with the kind of visual drama that photographs beautifully and books consistently. kitchen is a chef's stage. A large center island with seating for four, extra island storage and PULL OUT DRAWERS with SOFT-CLOSE HINGE doors, FULL WALK-IN PANTRY, pendant lighting, professional-grade appliances, and a layout that flows seamlessly into the living and dining areas. It is designed for GATHERING, for ENTERTAINING, and for the kind of effortless hosting that earns repeat guests. The main level features a PRIMARY PRIVATE SUITE WITH SPA RETREAT and CUSTOM WALK IN CLOSET with VELVETEEN JEWELRY STORAGE, SOFT CLOSE HINGES, and UPGRADED MIRRORED WARDROBE CLOSET. Offering single-floor living convenience for owners or guests who prefer it. Upstairs there are THREE additional bedrooms, each with its own PRIVATE BATHROOM and one with JETTED GARDEN TUB, provide the privacy and comfort that today's short-term rental guests expect and pay for. There's a dedicated BONUS GAME ROOM/FAMILY ROOM UPSTAIRS also adding a layer of amenity that sets this property apart from competing rentals and justifies a higher nightly rate. Step outside onto the 710 sq ft covered balcony and the FULL VALUE of this location becomes undeniable. ENDLESS VIEWS of the surrounding landscape, the quiet of a CREEKSIDE neighborhood, and the CLEAN MOUNTAIN AIR of Prescott's MILE-HIGH elevation make this the outdoor living experience that guests come to Arizona to find. A 220-volt outlet is already in place in the rear yard, ready for a spa or hot tub installation, an upgrade that consistently elevates short-term rental income and guest satisfaction. The yard is INTENTIONALLY LOW-MAINTENANCE, maximizing the home's footprint and minimizing ongoing ownership costs, a critical consideration for any investment property. This is a TROPHY PROPERTY in the CREEKSIDE neighborhood, and it sits at the gateway to the PRESCOTT NATIONAL FOREST, where opening the front door is itself an invitation into nature. For investors evaluating the numbers: Prescott's short-term rental market benefits from a diverse, YEAR-ROUND demand calendar. The FRONTIER DAYS RODEO (the world's oldest), the GARDEN TOUR, WHISKEY ROW events, FALL FOILAGE season, SNOWFALL weekends, and the proximity to Phoenix (under two hours) create consistent booking windows across every season. The Sharlot Hall Museum, the Smoki Museum, the Phippen Museum, and the Natural History Institute draw culturally motivated travelers. Hundreds of miles of trails through the Prescott National Forest bring outdoor enthusiasts. Read Less

Courtesy of Century 21 Toma Partners 602-954-2000

Listing Snapshot

Days Online

Last Updated

Jul 21, 2026

Property Type

Single Family Residence

Beds

Full Baths

Partial Baths

Square Ft.

3,504

Lot Size

0.26 Acres

Year Built

2025

MLS Number

7056194

30 Days Snapshot Of 86303

$799k

+1%

(avg) sold price

-35%

homes sold

113

+6%

(avg) days on market

Snapshot

Area Map

Source: Home Junction

Additional Details

Appliances & Equipment

Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Oven, Gas Cooktop

Building

Built in 2025, Architectural style: Contemporary, Living area: 3504, Construction materials: "Spray Foam Insulation", "Stucco"

Cooling

Central Air, Ceiling Fan(s), Programmable Thmstat

Exterior Features

Rain Gutters, Balcony

Fireplaces

Living Room, Gas, 1 total fireplace

Floors

Vinyl, Tile

Garage

3 spaces

Heating

Natural Gas

Home Owner's Association

Association fee includes: No Fees

Interior Features

Walk-in Pantry, Quartz Countertops, Double Vanity, Master Downstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Kitchen Island

Laundry

Inside, Wshr/Dry HookUp Only

Lot

0.26 acres, 11,326 sqft, Hillside Lot, Desert Back, Desert Front, Cul-De-Sac

Parking

Tandem Garage, Garage Door Opener

Property

Patio and porch features: Covered Deck, View: "Panoramic", "Mountain(s)"

Security Features

Fire Sprinkler System

Sewer

Public Sewer

Taxes

Annual amount: $611, Lot: 60

Utilities

Natural Gas Connected

Windows

Dual Pane, Vinyl Frame

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