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21541 Highland Terrace, Monte Rio, CA, 95462

1beds
1baths
720sqft
$498,000
$692price/sqft
$3,412/moest. monthly cost
$136,480/yrincome needed

About This Home

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.

Getting Around

18
WalkingCar-Dependent
0
TransitVery Limited Transit
6
BikeSomewhat Bikeable

Schools

7/10
8/10
Analy High SchoolGrades 9-1211.0 mi

Construction

Condition

  • Year built: 1956

Materials

  • Foundation: Concrete Perimeter
  • Roof: Metal

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater,Free-Standing Electric Oven,Free-Standing Electric Range,Free-Standing Refrigerator
  • Laundry features: None

Basement

  • Basement: None

Bathroom

  • Features: Tub w/Shower Over,Window
  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace features: Electric
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 720
  • Total interior livable area: 720 sqft

Kitchen

  • Level: Main

Living Room

  • Features: Open Beam Ceiling,Skylight(s)
  • Level: Main

Master Bedroom

  • Features: Closet,Sitting Area
  • Level: Main

Property

Details

  • Parcel number: 095111013000
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck
  • Has view: Yes
  • View description: Trees/Woods

Lot

  • Lot size: 7,000 sqft
  • Features: Private

Parking

  • Total spaces: 4
  • Parking features: Uncovered Parking Spaces 2+
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Landslide
    LandslideRelatively High
  • Earthquake
    EarthquakeModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Landslide
Earthquake
Wildfire

FEMA Declared Disasters in Sonoma County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,518$30,216
Home Insurance *$227$2,724
Property Taxes $269$3,228
Electricity $398$4,786
Total$3,412$40,944
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$116,982/yr
40% on housing$102,360/yr
45% on housing$90,986/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.2%
10.2%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$692This listing

vs Other Active Listings

Avg $/sqft

ZIP 95462$339
Sonoma County$599

vs Homes Sold Last Month

Median $/sqft

ZIP 95462$563
Sonoma County$504

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-18Listed for sale$498,000
2023-12-29Sold$335,000
2023-11-30Pending sale$359,000
2023-11-11Contingent$359,000
2023-10-23Listed for sale$359,000
1999-04-26Sold$45,818

For Sale by Agent

AgentMallory Lambert Silipo
BrokerageCorcoran Icon Properties

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