Home | Sonoma County | Petaluma | 94952 | 315 Lakeville St
MLS: BA326014241 | Status: Active | Price: $499,000
Beds/Baths: – / –
Property Type: Land
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,906 | – |
What if the hardest part of your next development project was already finished? That is exactly what awaits at 315 Lakeville Street, the future home of Erwin Street in Petaluma, where a fully entitled fourplex project has cleared every planning hurdle and is ready for construction to begin. No more waiting on city approvals, no more navigating impact fee negotiations, and no more guessing whether your project will ever get the green light. The financial story here is what separates this opportunity from anything else on the market. At a list price of $499,000, a buyer inherits nearly $400,000 in costs already absorbed by the seller. These are paid development impact fees, completed permit applications, and premium professional services from the North Bay's most respected firms. The effective land cost drops to roughly $99,000 for a utility-connected, architect-designed build site in downtown Petaluma. That is not a typo. The design by acclaimed Nick Lee Architecture features four expansive units totaling 7,233 square feet. Originally permitted as three stories, the project was strategically re-engineered in 2023 into a refined two-story layout to reduce construction complexity and increase profit margins. The high-end aesthetic includes Arctic White architectural panels, Iron Gra
| Field | Value |
|---|---|
| MLS # | BA326014241 |
| MLS Source | Bay Area Real Estate Information Services, Inc. |
| Days on Site | 204 |
| Feature | Details |
|---|---|
| Sewer | Public Sewer |
| Water | Public |
| HOA Fee | $0 |
| Feature | Details |
|---|---|
| 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 |
| Listing Agent | Co-Listing Agent |
|---|---|
| Ryan Styles | Lindsey Ehrlicher Styles |
| Engel & Volkers Sonoma | Engel & Volkers Sonoma |
| License #: 01276948 | License #: 01879097 |
| Phone: (707) 540-2000 | Phone: (707) 718-2116 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 45 Augusta Cir | $443,000 | – | – | – | Active |
| 509 Larch Dr | $509,000 | – | – | – | Active |
| 513 Larch Dr | $509,000 | – | – | – | Active |
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This listing information is up-to-date as of September 17, 2026. For the most current information, please contact Ryan Styles, (707) 540-2000.