
Sonoma, CA 95476
Analysis of 234 Malet Street, Sonoma, CA 95476 is currently available with a list price of $2,250,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Sonoma Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is a 1947 vintage cottage (77 years old) with no significant renovations noted. The listing price and description focus almost entirely on the 1.34-acre lot's potential for luxury residential development and subdivision, indicating the existing structure is a placeholder for land value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 42667, living area = 1312.
The property consists of two separate, level parcels (0.53 and 0.81 acres) with access to public utilities and an existing well, offering a rare and lucrative opportunity for luxury residential development or subdivision.
Situated on a desirable tree-lined street just minutes from downtown Sonoma, this property provides a unique combination of expansive, rural-sized acreage with immediate proximity to urban amenities.
The 1947 vintage cottage is small at 1,312 square feet and features only one bathroom, which may necessitate a significant renovation or a complete teardown to align with the land's high value.
At a $2.25M price point, the value is heavily weighted in the land and future potential rather than the current residence, which may limit appeal for buyers seeking a move-in ready luxury home.
Set on a generous 1.34+/- acres consisting of two parcels along one of Sonoma's desirable tree-lined streets, this unique property offers a rare combination of space, usability, proximity to town and future potential. The level topography creates an ideal setting for gardening, outdoor living, or future expansion, all just minutes from downtown amenities. The existing vintage residence is a modest 3-bedroom, 1-bath cottage featuring hardwood floors, dual-pane windows, and a comfortable, livable layout. Ample off-street parking includes room for larger vehicles or RV parking. This expansive property consists of two level, premium homesites: Lot 1 (0.53 acres) and Lot 2 (0.81 acres with a well), providing an ideal setting for future luxury residential development. Malet benefits from access to public utilities, including city water and sewer, offering convenience and long-term value. The expansive, usable land and established setting present an excellent opportunity for those looking to enjoy a simple Sonoma lifestyle today while exploring future possibilities. A special offering where location, usability, and potential come together in a peaceful, in-town setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.6 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,312 | 1,514.9 |
| Lot Size | 42,667 | 7,283.25 |
| Price | $2.25M | $864.9K |
| Price per sq ft | $1.7K | $635 |
| Built year | 1947 | 1977 |
| HOA | $0 | $238 |
| Days on market | 77 | 66 |
Jun 24, 2026
$2,250,000
Initial Listing
Nov 2, 2020
$1,400,000
Public Record