According to a widely held view, psychotic disorders such as schizophrenia are characterized by a vague boundary between the perception of the external world and the inner imagery of persons, objects, and events. In this study, we addressed the perception-imagery debate in schizotypal personality disorder (SPD). Thirty individuals with SPD and 30 matched healthy subjects completed a lateral masking task. Participants were asked to detect a low-contrast Gabor patch flanked by two collinear Gabor masks. In the perceptual task, the masks were physically present, whereas in the imagery task, participants only imagined the masks. By applying a binocular rivalry paradigm, we also measured the imagery priming effect. Results revealed that, in the perceptual task, collinear masks similarly decreased contrast threshold in SPD and controls. In the imagery task, contrast threshold reduction (facilitation by the imagined masks) was more pronounced in SPD relative to the controls. In the binocular rivalry paradigm, individuals with SPD showed higher imagery priming effects as compared to healthy controls. Enhanced imagery was not related to schizotypal traits. These results indicate intact early visual perception and heightened imagery in SPD, which may be a trait marker of unusual experiences without psychotic disorganization.