
Monte Rio, CA 95462
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $498,000—positioned well below the $504,615 Fair Market Value by 1.3%. This valuation gap offers $6,615 in Instant Equity for the buyer. Featuring an Excellent Condition Rating following a down-to-the-studs renovation, the home includes modern systems, gated off-street parking, and serene forest views from private decks. This property is an ideal acquisition for Owner-Occupants seeking a peaceful retreat or Turnkey Investors looking for a low-maintenance, high-appeal rental.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21541 Highland Terrace Subject | $498,000* List Price | 1 | 1 | 720 | $701 | - |
A 20550 Foothill Drive Pending | $560,000 List Price | 2 | 1 | 959 | $584 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent an extensive down-to-the-studs renovation completed around 2023, which is less than 5 years old. It features fully updated electrical and plumbing systems, new insulation, a modern kitchen with stainless steel appliances, new flooring, and pristine interior and exterior finishes requiring no maintenance.
The cottage was taken down to the studs and completely rebuilt with updated electrical, plumbing, insulation, drywall, and flooring, offering a modern, worry-free living experience.
Features gated off-street parking for four or more vehicles, which is a rare, highly valuable, and sought-after amenity in this Russian River neighborhood.
Positioned against hundreds of acres of forestland with front and back decks, the property provides exceptional privacy and an immersive natural backdrop.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
At 720 square feet and currently configured as a one-bedroom, the home offers limited space that may not appeal to larger families or buyers requiring significant storage.
Surrounded by towering trees and dense forestland, the property may require ongoing vegetation management and could face higher insurance costs typical of high-fire-risk rural areas.
Welcome to "Fernwood", where a beautifully renovated cottage meets the quiet magic of Russian River living. Nestled along one of the area's most idyllic lanes, surrounded by lovingly maintained and updated homes, this quiet enchanting retreat feels worlds away from the everyday. Towering trees, filtered sunlight, and the peaceful sounds of nature create a setting that invites you to slow down and stay awhile. Taken down to the studs by the current owners, the home has undergone extensive renovations, including updated electrical and plumbing systems, new insulation, drywall, flooring, and numerous cosmetic improvements throughout. Tucked against hundreds of acres of forestland and a sitting area to take in the views, the property enjoys exceptional privacy with front and back decks and a serene natural backdrop that changes beautifully with the seasons. Inside, the warm and inviting floor plan is filled with natural light and timeless character. Currently configured as a spacious one-bedroom, one-bath home, it can easily be reconverted back to a two-bedroom layout if desired. Large windows create a seamless connection between the indoors and the surrounding landscape, bringing the beauty of the outdoors into everyday living. Outside, gated off-street parking for four or more vehicles is a rare and valuable amenity in this neighborhood. Whether you're searching for a full-time residence, a weekend escape, or a turnkey investment property, "Fernwood" offers a unique blend of comfort and natural beauty. Just minutes from Sonoma Coast State Park, Bodega Bay, the Pacific Ocean, and the Russian River.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 720 | - |
| Lot Size | 7,000 | - |
| Price | $498.0K | $548.5K |
| Price per sq ft | $692 | $491 |
| Built year | 1956 | 0 |
| HOA | $0 | $0 |
| Days on market | 35 | 232 |
Jun 17, 2026
$498,000
Initial Listing
Dec 29, 2023
$335,000
Public Record
Apr 26, 1999
$45,818
Public Record