
Petaluma, CA 94952
This Dual-Residence Hilltop Estate is a High-Potential Investment Opportunity, listed at $1,999,000—positioned well below the $1,943,795 Fair Market Value by -2%. Featuring a remodeled 3BD/2BA main home and a 2BD/2BA cottage, the property boasts a Mint Condition Rating with modern systems and owned solar. With expansive valley views, a mechanic’s garage, and a 3-bay shop, it offers rare utility for multi-generational living or income generation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, turnkey asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 741 N Webster Street Subject | $1,999,000* List Price | 0 | 0 | 2,747 | $708 | - |
A 518 Kentucky Street Active | $1,850,000 List Price | 8 | 4 | 2,800 | $661 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent remodel, featuring a modern kitchen with stainless appliances and updated bathrooms. Critical systems including HVAC, electrical, plumbing, and the sewer lateral have been updated, and it includes a newer owned solar system, placing it in mint, move-in-ready condition.
The property features two permitted residences—a remodeled mid-century main home and a 2BD/2BA cottage—offering exceptional flexibility for multi-generational living or significant rental income.
Ideal for enthusiasts or professionals, the site includes an attached mechanic’s garage with 220V power and a detached 3-bay shop with RV-depth parking, providing rare utility and workspace.
Situated on a nearly one-acre hilltop lot, the property offers sweeping valley and mountain views with a secluded feel, despite its close proximity to downtown Petaluma and local amenities.
The second residence is a manufactured home, which may be perceived as having lower long-term value or different financing considerations compared to a traditional stick-built structure.
With two separate residences, extensive workshop structures, and nearly an acre of hilltop land, the property demands substantial ongoing upkeep and landscaping management.
Rare West Petaluma hilltop property with two residences on approx .84 acre, on city services, with sweeping valley views, remarkable privacy, serious garage and shop space, and room to park everything. Main home (#739) is a mid-century 3BD/2BA, approx. 1,500sf, extensively remodeled with a 5.28kW owned solar system (no lease), updated kitchen and baths, and newer central heating & A/C, windows, flooring and sewer lateral, along with much of the plumbing and electrical. Features include a one-of-a-kind entertaining atrium with wood-burning fireplace and tiki bar, expansive view decks, and a pergola-shaded private hot tub. Attached mechanic's dream garage with 220V, NewAge cabinets and workbenches, air compressor and parts washer, plus adjoining carport/wash bay, all included. Detached 3-bay shop includes 220V, air compressor, and an RV-depth bay. Cottage (#741) is a permitted 2BD/2BA manufactured home on a foundation, approx. 960sf, with laundry, central heating & A/C, and its own deck with views, ideal for guests, extended family, or income potential. Recent Cottage improvements include bathrooms, paint and carpets. A versatile outdoor area ready for parking, gardening, entertaining, or your own creative vision. Very close proximity to Valley Vista Elementary, Petaluma Jr High, and Ray's Deli & Tavern yet feels remote. Only minutes to downtown.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,747 | 2,251 |
| Lot Size | 36,799 | 9,749 |
| Price | $2.00M | $1.13M |
| Price per sq ft | $728 | $501 |
| Built year | 1959 | 1982 |
| HOA | $0 | $0 |
| Days on market | 33 | 54 |
Aug 7, 2026
$1,999,000
Initial Listing