Prescott Farm is land typical of Aquidneck Island farms of the 18th and 19th centuries, gentle sloping land, good soil, fields lined with stonewalls, and areas of scrub trees and brush. The farm is fortunate to have water on the property in the form of a brook and two small ponds. The site incorporates several; original structures as well as some that have been subsequently moved there. Of greatest note is the Overing Farmhouse that was central to the property in the 18th century. Of additional interest is a family burial ground on the property - the final resting place for members of the Overing family and others from the nearby area.

The Farm is also the site of a significant event in the American Revolution. General Prescott, the commander of the 4,000 man British occupying force on Aquidneck Island, took the Overing House as his rural headquarters. Prescott was not well liked, being characterized as dictatorial, arrogant, and at times pompous. He had taken the Bannister House in Newport as his town headquarters, but unfortunately for him, on 10 July 1777 he chose to be at Overing House.

American Colonel William Barton, under cover of darkness, led a party of 30 or more men in longboats on a circuitous route from Tiverton to the point where the farm brook empties into the bay. Climbing the brook bed to Overing House, the party avoided guards both coming and leaving and were able to surprise the General in his bedchamber and abscond with Prescott and his aide. They retraced their path to the longboats in the darkness of the early hours of 11 July 1777. No shot was fired nor alarm given until they were well away. Thus the rebel force accomplished one of the more daring and successful raids of the Revolution.