FOLLY CASTLE C. 1763. Folly Castle was thought to be completed in 1763 and is arguably one of the most historically significant structures in Petersburg. It was built by Peter Jones, II, who was the grandson of the city's founder and namesake. In the 1700's, large dwellings were often referred to as castles. Because Peter was a young bachelor and childless, it was considered a folly to build such a large house...hence the name Folly Castle. This showplace was meticulously constructed with fireplaces in each room, glorious floor to ceiling windows, heart pine floors, high ceilings, a slate roof, and exquisite woodwork. The property includes the main house with 4 bedrooms (3 have ensuite bathrooms), an English basement which has been transformed to a luxury 1-bedroom apartment, the original brick kitchen building, serving as another high-end income producing residence with 2 bedrooms, 2 renovated bathrooms, and renovated kitchen, and yet another outbuilding for storage. The courtyard exudes charm with its brick walks, white picket fencing, fishpond, and century old traditional Virginia plantings. This fenced .6-acre lot has additional space at the rear for parking, garage, gardens or pool.