Listings update live from CVRMLS · Profile last reviewed June 2026
The Prestwould is Richmond's original luxury condominium — a 56-unit 1927 high-rise on Monroe Park designed by Alfred C. Bossom, with 24-hour staff and an all-utilities dues structure that runs a full pre-war service model.
Insider’s view — any red flags?
Red flags: Dues. Heating and cooling are included in the dues and thus the dues are extremely high. Since dues count against qualification ratios, it has held back pricing. The building's location overlooking the Monroe Park campus of VCU is both a blessing and a curse since most of the area is geared towards the college student, but it means a lot of fun and interesting activities are a constant.
History
Built in 1927 to designs by Alfred C. Bossom — a transatlantic architect whose practice straddled London and New York and who later sat as a Member of Parliament — the Prestwould was Richmond's first true high-rise residential address. It remains the building against which every other pre-war residential project in the city is measured.
Design & units
The 56-unit count translates to large floor plans — most units occupy meaningfully more square footage than current new-construction condo product, with the original 1927 detailing intact in well-preserved units and full-renovation interiors in others. Unit pricing varies sharply by interior renovation level, floor, and view. Top floors with park sightlines trade at premium; ground-floor and back-of-building units trade at discount.
Neighborhood
612 West Franklin Street overlooks Monroe Park, two blocks from VCU's Monroe Park Campus, four blocks from the Fan District boundary. The location gives daily access to academic, museum, and arts amenities and places the building within walking distance of the Altria Theater, the Carillon, and Byrd Park.
What sets it apart
The dues structure deserves attention. The Prestwould's HOA dues include all utilities, which makes the headline figure look higher than comparable Richmond condo dues but produces a meaningfully different all-in cost-of-ownership calculation once electricity, water, gas, and trash are subtracted from a personal budget. The building has been the recurring Richmond address for university provosts, medical-school chairs, and arts-board officers for nearly a century — that lineage is the deepest brand any Richmond condominium carries.
The builders
Architect: Alfred C. Bossom
See it in context
Open full 3D view in Google Maps → · Photorealistic 3D Tiles via Google Maps Platform · coords from MLS-median (30 listings).
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Type & features
- Height
- High Rise
- Parking
- Garage, Parking lot
- Amenities
- Elevator
Recent sales
| Address | Beds / Baths | Sq Ft | Sold | Price |
|---|---|---|---|---|
| 612 W Franklin St Unit#9D | 2 / 2 | 1,880 | Jul 2026 | $585,000 |
| 612 W Franklin St Unit#11B | 3 / 2 | 1,879 | Dec 2025 | $525,000 |
| 612 W Franklin St Unit#U2F | 1 / 1 | 680 | Oct 2025 | $185,000 |
| 612 W Franklin St Unit#11c | 2 / 3 | 2,028 | Dec 2024 | $485,000 |
| 612 Franklin St Unit#U1C | 4 / 4 | 3,380 | Nov 2024 | $650,000 |
| 612 W Franklin St Unit#9D | 3 / 2 | 1,880 | Aug 2024 | $250,000 |
| 612 Franklin St Unit#U9C | 3 / 3 | 2,560 | Mar 2024 | $590,000 |
| 612 W Franklin St Unit#U11B | 2 / 2 | 1,877 | Feb 2024 | $510,000 |
| 612 W Franklin St Unit#U10B | 2 / 2 | 1,882 | Sep 2023 | $395,000 |
Frequently asked
Where exactly is The Prestwould?
612 W Franklin, 23220. In the Monroe Park neighborhood.
When was The Prestwould built?
The Prestwould dates to 1927 (Apartment conversion).
How many units are in The Prestwould?
The Prestwould is a 56-unit condominium regime in Monroe Park.
Is The Prestwould a condo conversion or new construction?
The Prestwould is an apartment conversion — an older building adapted into condominiums, dating to 1927.
