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315 Lakeville Street, Petaluma, CA 94952

Petaluma
Local realty services provided by:CENTURY 21 Epic
315 Lakeville Street,Petaluma, CA 94952
$500,000
  • 0.18 Acres
  • Lots / Land
  • Active
Listed by: ryan j styles, lindsey a ehrlicher styles
Office: engel & volkers sonoma
MLS#:326014241
Source:CABAREIS

Price summary

  • Price:$500,000

About this home

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...

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Home facts

  • Listing ID #:326014241
  • Updated:March 17, 2026 at 11:13 AM

Structure and exterior

  • Lot area:0.18 Acres
  • Lot Features:Public Trans Nearby, Shape Regular, Sidewalk(s), Street Light(s)

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$500,000
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