523 Center Street, Healdsburg, CA 95448, Healdsburg, 95448 - 3 bed, 2 bath
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Healdsburg, CA 95448
This Shovel-Ready Development Asset is listed at $995,000, reflecting a strategic premium for its prime location and fully approved expansion plans. The current $847,975 Fair Market Value accounts for the original 1922 cottage, which holds a Condition Rating of 5 and requires a complete overhaul. The included plans to create a 1,403 sq ft modern residence streamline the path to significant forced appreciation and high-end rental yields. Situated steps from the Healdsburg Plaza, this property offers rare development upside in a high-demand market. It is an ideal acquisition for Developers or Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 523 Center Street Subject | $925,000* List Price | 3 | 2 | 1,244 | $609 | - |
A 280 Hummingbird Court Sold | $648,000 | 2 | 2 | 1,050 | $617 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1922 cottage is being marketed primarily for its development potential and requires substantial renovation. While some interior flooring appears updated, the kitchen and bathrooms are severely outdated with old cabinetry, tile countertops, and aged fixtures. The listing includes approved plans for a complete modernization and expansion, confirming that the current structure requires significant capital investment to meet modern living standards.
Situated just steps from the vibrant Healdsburg Plaza, this property offers exceptional walkability to world-class dining, tasting rooms, and boutique shopping in one of Sonoma County's most coveted neighborhoods.
The sale includes fully approved plans to expand and modernize the residence into a 1,403 sq ft open-concept home, significantly streamlining the construction timeline and reducing bureaucratic risk for the buyer.
This original 1922 cottage presents a rare opportunity for investors or contractors to create a high-end legacy property or premium income asset with significant equity potential upon completion.
With a lot size of only 3,698 square feet, the property offers minimal outdoor space, which may be a drawback for buyers seeking large gardens or extensive private yard areas.
As a century-old structure being sold for its development potential, the property requires a significant additional capital investment and construction expertise to bring it up to modern luxury standards.
Price Improvement! Exceptional opportunity in the heart of Healdsburg. Just moments from the vibrant downtown Plaza, this charming 1922 cottage offers the perfect blend of character, location, and future potential. Currently configured as a 3-bedroom, 2-bath home with approximately 1,250 sq ft, the property is being sold with fully approved plans for a beautifully redesigned 1,403 sq ft modern residence featuring an open-concept layout. Whether you're an investor, contractor, wine country weekend retreat seeker, or buyer looking to create a custom dream home, this property presents a rare chance to build equity in one of Sonoma County's most sought-after neighborhoods. The approved plans help streamline the process, allowing you to move forward with confidence and vision. Set on a quiet street just blocks from world-class restaurants, boutique shopping, tasting rooms, and the renowned Healdsburg Plaza, this is wine country living at its best. Opportunities like this are increasingly rare bring your vision and create something truly special in the heart of Healdsburg.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,244 | - |
| Lot Size | 3,698 | - |
| Price | $925.0K | $872.1K |
| Price per sq ft | $744 | $533 |
| Built year | 1922 | 0 |
| HOA | $0 | $0 |
| Days on market | 195 | 122 |
Jul 2, 2026
$925,000
$950,000
-3% Price Drop
Initial Listing
May 30, 2026
$950,000
$975,000
-3% Price Drop
Initial Listing
Apr 15, 2026
$975,000
$995,000
-2% Price Drop
Initial Listing
Jan 8, 2026
$995,000
Initial Listing
Sep 12, 2024
$775,000
Public Record