
Penngrove, CA 94951
This Hybrid Residential Asset is a High-Potential Investment Opportunity, listed at $1,650,000—positioned well below the $1,673,432 Fair Market Value by 1%. This valuation gap offers $23,432 in Instant Equity. With a Condition Rating of 3, the property features significant infrastructure upgrades, including a new engineered septic system and electrical panels. The expansive 7-acre lot, detached workshop, and "she shed" provide immediate utility, while the approved building pad offers clear development upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 166 Davis Lane Subject | $1,650,000* List Price | 3 | 2 | 1,184 | $1,413 | - |
A 166 Davis Lane Pending | $1,650,000 List Price | 3 | 2 | 1,184 | $1,394 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1975, the property is well-maintained and move-in ready with significant recent infrastructure updates including a new engineered septic system and new electrical panels. The interior features functional updates such as stainless steel appliances in the kitchen, stone countertops in the bathroom, and newer laminate flooring throughout the living areas.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 299257, living area = 1184.
The property is uniquely prepared for future expansion or a new build, featuring a new engineered septic system, upgraded electrical panels, and an approved building pad already in place.
Situated on nearly 7 acres of rolling Sonoma County countryside, the lot offers exceptional privacy, mountain views, and a tranquil rural lifestyle while remaining close to downtown Penngrove and Highway 101.
The property was recently sold within the past year on 2026-05-08. The sold price is $1,650,000.00.
The existing 3-bedroom residence is relatively small at 1,184 square feet, which may feel cramped for buyers expecting a larger home at this price point without undertaking further construction.
At a $1.65M list price, the value is heavily weighted in the land and infrastructure improvements rather than the current dwelling, potentially deterring buyers seeking a move-in ready luxury estate.
Tucked away on nearly 7 acres in the rolling countryside of Penngrove, 166 Davis Lane offers the space, privacy, and relaxed lifestyle that make Sonoma County country living so special. The charming 3-bedroom, 2-bath home is filled with character, featuring vaulted open-beam ceilings, abundant natural light, and expansive windows that take in the surrounding pastoral views. Step outside to a spacious deck, mature landscaping, and plenty of room to enjoy the peaceful setting. A large detached workshop provides exceptional space for hobbies, equipment, storage, or projects, with full RV hookups conveniently located nearby. A separate she shed with porch adds another inviting space for an office, studio, or quiet retreat. The property also offers exciting future potential. Significant improvements have already been completed in preparation for a future primary residence or ADU including a new engineered septic system, new electrical panels, an approved building pad, and a completed fire truck turnaround. Enjoy the property as it is today while having the opportunity to create something even more special in the futureall just minutes from downtown Penngrove, Petaluma, Cotati, Santa Rosa, and Highway 101.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,184 | 2,246 |
| Lot Size | 299,257 | 136,125 |
| Price | $1.65M | $1.36M |
| Price per sq ft | $1.4K | $606 |
| Built year | 1975 | 2000 |
| HOA | $0 | $0 |
| Days on market | 29 | 83 |
Aug 11, 2026
$1,650,000
Initial Listing
May 8, 2026
$1,650,000
Public Record
Oct 16, 2015
$850,000
Public Record
Mar 18, 1994
$289,500
Public Record