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940 N Waters Edge Way, 
Prescott, AZ 86303

$1,299,000


4

Beds


5

Baths


3,504

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Stacy Dragos

Doran Kim

Century 21 Toma Partners

602-954-2000

Last updated:

August 16, 2026, 03:05 PM

MLS#

7056194

Source:

ARMLS

About This Home

940 N Waters Edge Way

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 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.

Home Facts

Single Family

5 Baths

4 Bedrooms

Built in 2025

Subdivision & Development:

CREEKSIDE OF PRESCOTT PHASE 2

Price Summary

1,299,000

$370 per Sq. Ft.

MLS #:

7056194

Last Updated:

August 16, 2026, 03:05 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

5

Interior

Living Area:

3,504 Sq. Ft.


Structure

Structure

Architectural Style:

Contemporary

Building Area:

3,504 Sq. Ft.

Year Built:

2025


Lot

Lot Size (Sq. Ft):

11,326


Finances & Disclosures

Finances

Price:

$1,299,000

Price per Sq. Ft:

$370 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.