Diamond Valley Homes under $500,000

Welcome to Diamond Valley, a charming subdivision nestled in the picturesque city of Prescott, Arizona. Known for its stunning landscapes and vibrant community spirit, Diamond Valley offers an ideal setting for families, retirees, and anyone seeking a tranquil lifestyle surrounded by nature.

One of the standout features of this delightful neighborhood is its affordability. With homes available for under $500,000, Diamond Valley provides an excellent opportunity for first-time buyers and those looking to downsize without compromising on quality or comfort. The homes in this area boast a variety of styles and sizes, ensuring there’s something to suit every taste. From cozy single-family homes to spacious properties with stunning mountain views, you’ll find the perfect place to call home.

Living in Diamond Valley means you’ll enjoy a peaceful atmosphere while still being close to the vibrant heart of Prescott. The area is renowned for its outdoor activities, with hiking trails, parks, and scenic vistas just a stone’s throw away. Plus, the charming downtown Prescott offers a rich array of dining, shopping, and cultural experiences, making it easy to enjoy the best of both worlds.

Whether you’re drawn to the breathtaking natural beauty or the friendly community vibe, Diamond Valley is a hidden gem waiting to be discovered. Explore the possibilities today and find your dream home in this enchanting Prescott subdivision!

Newest Diamond Valley Homes under $500,000

$375,000

3 Beds ⋅ 2 Baths ⋅ 7085931 MLS

Welcome to this charming 3-bedroom, 2-bath single-level home in Prescott's Diamond Valley. Situated on a spacious .43-acre lot, this 1,303 sq ft home offers mountain views, a 2-car garage, covered patio and plenty of outdoor space. Enjoy a peaceful residential setting while being incredibly close to everyday conveniences. Home Depot is approximately half a mile away, with Costco, In-N-Out, Sprouts, Walmart, shopping and dining all just minutes from home. Convenient access to Hwy 69 makes getting around Prescott and Prescott Valley easy. A great opportunity to enjoy extra space and mountain views without giving up proximity to shopping, restaurants and amenities.

1933 N Moonstone Lane, Prescott

$350,000

2 Beds ⋅ 2 Baths ⋅ 1085273 MLS

Bordering State land this affordable Prescott home delivers the views, privacy, and plenty of character! Offered at a great price, this site-built home is tucked away on a quiet cul-de-sac with beautiful views of the Bradshaw Mountains and Glassford Hill.The wood-paneled interior and wood-burning stove create a cozy, cabin-like feel that's perfect for a Prescott getaway. The home is ready for someone to bring their own style and updates, while two of the bigger-ticket items--a newer roof and HVAC system--have already been taken care of.A large covered front deck is the perfect spot to relax and take in the views, while a smaller rear deck overlooks the fenced backyard. There's also a storage shed and approximately 10' x 10' bonus room/studio, providing additional space for hobbies, a workshop, or storage.Enjoy a private, peaceful setting while still being conveniently located with easy access to Prescott, Prescott Valley, shopping, dining, and everyday amenities. Whether you're looking for an affordable full-time home or a second-home escape, this one offers location, views, character, and opportunity at an approachable price point.

1933 N Geraldine Court, Prescott

$410,000

2 Beds ⋅ 2 Baths ⋅ 1084811 MLS

Welcome Home! Located conveniently between Prescott and Prescott Valley; Close to shopping, dining and hiking trails. This home offers TWO MASTER BEDROOMS, Walk in closets, open kitchen, living room and dining. 2 car garage, a covered deck and patio to enjoy the beautiful Prescott Weather on. Freshly painted interior, Exterior was painted 3 years ago, Brand new water heater, a/c unit has recently been maintenance and brand new luxury vinyl plank flooring through out home. The backyard offers a fire pit and a small wash/creek at the bottom of the property that runs wonderfully during monsoon season. A perfect home for first time home buyers or investors looking for a rental. Come see this low maintenance, multi level home today!

4740 E Joan Drive, Prescott

$424,000

3 Beds ⋅ 2 Baths ⋅ 1084263 MLS

Built in 2023, this well-maintained 3-bedroom, 2-bath home offers modern living with beautiful mountain views. The open layout and split floor plan provide both functionality and privacy, making it ideal for families. The kitchen features a butcher block island complemented by quartz countertops. The oven and microwave are brand new! Durable laminate flooring flows throughout the main living areas, while the bedrooms are finished with carpet. Take advantage of the peaceful surroundings with views of the Mingus Mountains. One of this home's standout features is the expansive unfinished basement, offering an opportunity to create additional living space tailored to your needs. Design the ultimate recreation room, home theater, gym, workshop, guest suite, or home office. Investors and homeowners alike will appreciate the potential to finish the space into a separate living area that could be ideal for extended family, guests, or a future income-producing rental, an Airbnb or a Short Term Rental. If you're looking for extra storage today or envisioning added value tomorrow, this basement is a blank canvas ready for your ideas.Whether you're looking for your first home, a place to downsize, or simply a newer home in a scenic location, this property is worth a look.Come see what this home has to offer!

1597 N Douglas Drive, Prescott

$444,444

3 Beds ⋅ 2 Baths ⋅ 1084154 MLS

This gently lived in 8 year old home is ready for its new family. You will appreciate the large fully fenced backyard. Enjoy the amazing Prescott weather on the huge Trex deck. The home is accessed by all paved roads and has wonderful distant mountain views. Endless unfinished space under the home currently being used for storage. With no neighbors on two sides of the home you will appreciate the ''elbow room'' this property offers.Only minutes from Costco; Trader Joe's; and Walmart make it a wonderful location to call home.See improvements made totaling over $57,000 under the documents tab.You will appreciate the pride of ownership in this one owner home that is turn key ready for its next owners.Come see this beautiful home today!

4885 E Ramada Drive, Prescott

$378,000

2 Beds ⋅ 1 Baths ⋅ 1083756 MLS

Affordable Prescott Opportunity! Welcome to 1875 N. Jade Circle in beautiful Diamond Valley! This charming 2-bedroom, 1-bath home is being offered with the adjacent parcel #103-17-312 which, when combined, will create an approximately 2/3-acre lot with no HOA, offering plenty of space, privacy, and potential. The property features a detached two-car garage complete with a wood-burning heater, creating the perfect the perfect year-round workshop or hobby space. Inside, you'll find a spacious family room and an enclosed patio that serves as an ideal mudroom, laundry area, and additional storage space while showcasing beautiful views. The primary bedroom includes a cozy loft and a shadow box closet, adding unique character and functionality. Recent updates include:New flooring installed in 2019, featuring carpet in the bedrooms and luxury vinyl flooring throughout the main living areas. Mini-split heating and cooling system installed in August 2023. New patio access to the mudroom. New roof installed in July 2023. If you're looking for an affordable Prescott property with room to grow, stunning views, and valuable upgrades already completed, this is one you won't want to miss!

1875 N Jade Circle, Prescott

$389,900

3 Beds ⋅ 2 Baths ⋅ 1083686 MLS

Welcome to the heart of Prescott, where you'll enjoy convenient access to shopping, dining, entertainment, and everything this vibrant community has to offer. Peaceful serine location that backs State Land with tons of walking trails. Built in 2019, this charming 3-bedroom, 2-bath home is clean, stylish, and truly move-in ready. Take in the beautiful views from the large front and back decks. Inside, you'll be welcomed by an open-concept floor plan featuring a modern kitchen, durable luxury vinyl plank flooring, and large windows that fill the home with natural light. The fully fenced backyard offers endless possibilities with plenty of room for pets, chickens, gardening, or your own outdoor retreat. Additional highlights include a one-car garage equipped with custom flooring and a mini-split system, providing a comfortable year-round workspace or hobby area, as well as a water softener system for added convenience.This delightful home offers the perfect combination of modern finishes, functional living, and an unbeatable Prescott location.New appliances installed in 2022. Washer/Dryer only 6 months old.

1720 N Topaz Road, Prescott

$25,000

3 Beds ⋅ 2 Baths ⋅ 1083601 MLS

HUD Home. Spacious bi-level home in Diamond Valley offering beautiful long-range views and a flexible floor plan with room to spread out. The main level features an inviting living area with a fireplace, skylights, wood and tile flooring, kitchen, dining area, and access to outdoor living spaces that take advantage of the surrounding views. The lower level provides additional living space with a second kitchen area, multiple gathering spaces, bedrooms, and versatile rooms that are ideal for guests, hobbies, or a home office. Enjoy the covered front porch, fenced backyard, and established Diamond Valley location just minutes from shopping, dining, medical facilities, schools, downtown Prescott, and numerous hiking and outdoor recreation opportunities. Sold As Is. This property is now active in an online auction. Auction Terms and Conditions (minimums may apply). All auction bids will be processed subject to seller approval.

1530 N Warren Drive, Prescott

$490,000

4 Beds ⋅ 3 Baths ⋅ 1083035 MLS

FIRST TIME ON THE MARKET! This lovingly maintained home features 2,434 square feet of comfortable living !The main level offers vaulted ceilings, 3 bedrooms, 2 bathrooms, and convenient main-level living. Downstairs, you'll find an additional 1 large bedroom and 1 bathroom, along with a spacious entertainment area perfect for guests, multi-generational living, or a recreation room.Situated on a beautifully landscaped 0.24-acre lot, the property boasts a fully (double) fenced backyard, providing privacy, space for pets or gardening, and plenty of room to enjoy the outdoors. Relax on the wrap around deck and take in the views from a home that combines comfort, functionality, and charm. A heated and cooled enclosed carport offers incredible bonus space with endless possibilities--home office, gym, studio, workshop, or hobby room.Enjoy peace of mind with major updates completed in 2013, including the roof, windows, stucco, and HVAC system.This property offers privacy, room to roam, and the opportunity to update and make it truly your own. This one is worth seeing!!

1965 N Quartz Drive, Prescott

$250,000

1 Beds ⋅ 1 Baths ⋅ 1082856 MLS

Welcome to your little slice of Diamond Valley charm. This amazing .3-acre lot sits conveniently between Prescott and Prescott Valley, giving you peaceful surroundings without feeling tucked away from town. Lush with pinon and juniper trees, the property offers views of nearby seasonal creeks. With electricity, private water, propane, and a sewage/septic combination readily available, this lot is ready for your vision. Perfect for a built-to-suit 1-bedroom home (plans are already provided), weekend retreat, or smart land investment. Nature brought the views. We will bring the dream.

4911 E Diamond Drive, Prescott

$390,000

3 Beds ⋅ 2 Baths ⋅ 1074695 MLS

Home with THREE Lots! Located in Diamond Valley, halfway between downtown Prescott and Prescott Valley. This single-level 3br 2ba home sits on over half an acre mostly flat land and is nestled on a quiet street with unobstructed views of Glassford Hill. The property includes a shed with vacant lots on both sides which has enough storage space for a RV or potential property expansion. Mature trees, natural landscaping, and frequent visits from natural wildlife are a bonus for this property. Sale includes adjacent lots 103-17-045 and 103-17-047 on either side.

1636 N Elaine Way, Prescott

Start Your Search

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.