4867 Lakeville Highway, Petaluma, CA 94954, Petaluma, 94954 - 3 bed, 2 bath
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Petaluma, CA 94954
This Specialized Agricultural Estate represents a High-Potential Investment Opportunity, listed at $1,695,000—positioned well below the $1,764,471 Fair Market Value by 3%. This valuation gap provides $69,471 in Instant Equity. While the residence holds a Condition Rating of 4 and requires cosmetic modernization, the property features a massive 22,000 sqft Greenhouse, 5.87 acres of land, and a swimming pool with unobstructed pasture views. This unique asset is ideal for Agricultural Entrepreneurs or Owner-Occupants seeking a versatile, value-add rural compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4867 Lakeville Highway Subject | $1,695,000* List Price | 3 | 2 | 1,840 | $959 | - |
A 4867 Lakeville Active | $1,695,000 List Price | 3 | 2 | 1,840 | $921 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, the home is over 35 years old and shows significant signs of being outdated. The kitchen features older white appliances, dated cabinetry, and laminate countertops. While the interior flooring has been updated to a wood-look laminate, the exterior shows deferred maintenance, particularly the heavily weathered wooden deck and the neglected swimming pool area. The property is functional but requires cosmetic and structural updates to the outdoor living spaces to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 255697, living area = 1840.
The property includes a massive, fully functional 22,000 sqft greenhouse with advanced features like retractable ceilings and climate control, offering immense value for commercial or serious hobbyist agricultural use.
Set on 5.87 acres with beautiful pasture views, the property provides significant space for privacy, livestock, or further development, a rare find in the Petaluma area.
The property's location on Lakeville Highway may result in significant road noise and traffic, which could detract from the otherwise peaceful rural setting.
The scale of the 22,000 sqft greenhouse and the large lot requires substantial ongoing maintenance and utility costs that may be overwhelming for a typical residential buyer.
This warm and charming 3bedroom/2 full bathroom ranch style home is nestled on a 5.87 acre land with pasture views. It has many features such as a master bedroom with a master bath, dining area, family room and living room. The backyard features a deck and swimming pool which is next to a 4 car garage. Included in this property is an upgraded 22,000 sqft (approximate) fully functional Green House, with retractable ceiling covers, evaporative cooling system, dark room, office and a bathroom. This property is priced to sell
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,840 | 1,755 | 56% |
| Lot Size | 255,697 | 6,177 | 98% |
| Price | $1.70M | $790.0K | 95% |
| Price per sq ft | $921 | $459 | 98% |
| Built year | 1988 | 1975 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 196 | 4% |
Mar 5, 2026
$1,695,000
Initial Listing
Jun 14, 2016
$835,000
Public Record
Nov 12, 2010
$503,000
Public Record
Apr 26, 2002
$525,000
Public Record