234 Malet StreetSonoma, CA 95476Price: $2,250,000

Rare opportunity to acquire and develop two newly subdivided estate parcels in one of Sonoma's most desirable tree-lined neighborhoods, just minutes from downtown. This approximately 1.34-acre property consists of two level, premium homesites: Lot 1 (0.53 acres) and Lot 2 (0.81 acres), providing an ideal setting for luxury residential development. Significant entitlement work has already been completed, substantially reducing both development timelines and entitlement risk. The Parcel Map and Subdivision Improvement Agreement received City Council approval in May 2026, with final recordation underway. Adding to the project's appeal, the City does not require a separate Design Review process, allowing planning and architectural approvals to proceed concurrently with building permit review. A conceptual home design prepared by Maximilian Development Company for Lot 2 illustrates the site's potential while still allowing flexibility for customization by a future owner or builder. Considerable pre-development work has already been advanced, including competitive contractor bidding and the removal of existing trees. The completed tree removal reduces future site development costs and helps streamline construction activities. Utility infrastructure has been planned to include city water and sewer service, PG&E electrical service, and an all-electric design approach. Buyers should note that a new PG&E service application and utility coordination process will be required as part of the development of each lot. This is a rare, near shovel-ready opportunity that combines completed entitlement work, reduced site development costs, and an efficient path to construction, creating exceptional value and potential for builders, developers, and custom home buyers alike.