323 W Washington St Petersburg, VA 23803
Old Towne Petersburg NeighborhoodEstimated payment $3,991/month
Highlights
- Guest House
- Colonial Architecture
- Wood Flooring
- 0.6 Acre Lot
- Deck
- 10 Fireplaces
About This Home
Folly Castle c. 1763 – A Rare Historic Treasure in the Heart of Petersburg
Step back in time without sacrificing modern comfort at Folly Castle, one of Petersburg’s most iconic and historically significant homes. Believed to have been completed in 1763 by Peter Jones II—the grandson of the city’s founder—this architectural masterpiece is a rare surviving example of 18th-century craftsmanship. Its name, “Folly Castle,” stems from the extravagant vision of a young, childless bachelor building a grand estate—what some called a folly, now a landmark. Meticulously constructed and lovingly maintained, the main residence features soaring ceilings, original heart pine floors, exquisite millwork, floor-to-ceiling windows, and fireplaces in nearly every room. The home offers 4 spacious bedrooms, 3 with ensuite bathrooms, blending timeless elegance with modern convenience. The English basement has been transformed into a luxurious, fully equipped 1-bedroom apartment—ideal for guests or income-producing potential. In addition, the original brick kitchen building now serves as a beautifully renovated 2-bedroom, 2-bath residence with its own stylish kitchen. The charm continues outdoors with a brick-lined courtyard, white picket fencing, a tranquil fishpond, and mature Virginia plantings that have flourished for generations. Situated on a fenced .6-acre lot, there's ample space in the rear for additional parking, a garage, gardens, or a future pool. Whether you’re a history enthusiast, preservationist, or simply someone seeking a one-of-a-kind estate, Folly Castle offers unmatched character and versatility in a setting rich with heritage.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,837
Year Built
- Built in 1763
Lot Details
- 0.6 Acre Lot
- Picket Fence
- Wrought Iron Fence
- Historic Home
Parking
- 1 Car Detached Garage
- Workshop in Garage
- Off-Street Parking
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Frame Construction
- Slate Roof
- Metal Roof
- Wood Siding
Interior Spaces
- 9,268 Sq Ft Home
- 3-Story Property
- Wet Bar
- High Ceiling
- 10 Fireplaces
- Fireplace Features Masonry
- Separate Formal Living Room
- Finished Basement
- Basement Fills Entire Space Under The House
- Home Security System
Kitchen
- Gas Cooktop
- Stove
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 7 Bedrooms
Outdoor Features
- Balcony
- Deck
- Gazebo
- Shed
- Front Porch
Additional Homes
- Guest House
Schools
- Pleasants Lane Elementary School
- Vernon Johns Middle School
- Petersburg High School
Utilities
- Forced Air Zoned Cooling and Heating System
- Heating System Uses Natural Gas
- Water Heater
Community Details
- Folly Castle Subdivision
Listing and Financial Details
- Assessor Parcel Number 023-120018
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/15/2025 09/15/25 | Price Changed | $689,000 | -1.6% | $74 / Sq Ft |
07/22/2025 07/22/25 | For Sale | $699,900 | -- | $76 / Sq Ft |
Source: Central Virginia Regional MLS
MLS Number: 2520518

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