Property Details
About this Property
Imagine a world where you skip the three-year entitlement nightmare and move directly to the sound of excavators hitting the dirt. Welcome to 315 Lakeville Street, future site of Erwin Street, a rare and fully entitled luxury development opportunity that redefines the meaning of shovel-ready. This project represents years of strategic design and bureaucratic navigation, offering a path to completion unheard of in the current Petaluma market. Originally envisioned as a three-story build, the project was redesigned into a sophisticated two-story structure in 2023 to optimize construction efficiency and maximize developer profitability without sacrificing an ounce of luxury. The value proposition is profound: at a list price of $500,000, you are acquiring nearly $400,000 in sunk costs covered by the seller. This includes development impact fees, permit costs, and high-level professional services from the region's top firms. For the savvy investor, this math is undeniable, effectively valuing the prime lot at nearly zero net land cost while bypassing the risk and delays of the planning gauntlet. The vision is breathtaking, designed by the award-winning Nick Lee Architecture. The project features four substantial dwelling units totaling 7,233 square feet. Every detail is curated fo
MLS Listing Information
MLS #
BA326014241
MLS Source
Bay Area Real Estate Information Services, Inc.
Days on Site
1
Lots & Land Information
Development Status
Other - Call Listing Agent
Existing Structures
None
Fencing
None
Present Use
Mixed, Residential
Utilities
Gas - Available at Street, Public Utilities, Public Utilities, Water - Public
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Contact Information
Listing Agent
Ryan Styles
Engel & Volkers Sonoma
License #: 01276948
Phone: (707) 540-2000
Co-Listing Agent
Lindsey Ehrlicher Styles
Engel & Volkers Sonoma
License #: 01879097
Phone: (707) 718-2116
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
315 Lakeville St is in Petaluma, CA 94952. This Land is currently priced at $500,000. This address can also be written as 315 Lakeville St, Petaluma, CA 94952.
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This listing information is up-to-date as of March 17, 2026. For the most current information, please contact Ryan Styles, (707) 540-2000
