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  • $2,250,000

    234 Malet Street, Sonoma, CA 95476

    --beds
    --baths
    0.98Acres
    Residential Lot
    Built in ----
    0.98 Acres Lot
    $1,416,700 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Two level premium homesites
    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.
    38 days
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    171
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    4
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tina Shone DRE #00787338 707-799-7556,

    Sotheby's International Realty 707-935-2288,

    Evan Shone DRE #01967200 707-328-9288,

    Sotheby's International Realty

    Source: BAREIS,MLS#: 326044069MLS LogoOriginating MLS: Sonoma

      Facts & features

      Property

      Features
      • Fencing: Partial
      • Has view: Yes
      • View description: City, Hills, Valley
      Lot
      • Size: 0.98 Acres
      • Features: Pool Site, Near Public Transit, Subdivided, Other, See Remarks
      Details
      • Parcel number: 128071014000
      • Zoning description: 2nd Unit Possible,Multi-Residential,Residential,See Remarks
      • Special conditions: Standard

      Utilities & green energy

      • Sewer: Standard Septic, See Remarks
      • Water: Private Well, See Remarks
      • Utilities for property: Electricity Available, Cable Available, DSL Available, Internet Available, Natural Gas Available, Public, Sewer Available, Water Available, See Remarks
      Green energy
      • Energy generation: None

      Community & HOA

      Community
      • Features: Park
      HOA
      • Has HOA: No
      Location
      • Region: Sonoma

      Financial & listing details

      • Tax assessed value: $1,515,404
      • Annual tax amount: $17,350
      • Date on market: 6/24/2026
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $1,416,700

        $1.11M - $1.79M

        $3,305/mo

        Price history

        DateEventPrice
        6/24/2026Listed for sale$2,250,000+60.7%
        Source: BAREIS #326044069 Report a problem
        11/2/2020Sold$1,400,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$17,350 +1.8%$1,515,404 +2%
        2024$17,045 +1.9%$1,485,691 +2%
        2023$16,727 +1.2%$1,456,560 +2%
        2022$16,523 +1.8%$1,428,000 +2%
        2021$16,233 +1760.4%$1,400,000 +2765.9%
        2020$873 +1.6%$48,850 +2%
        2019$859 +0.7%$47,893 +2%
        2018$853 +1.1%$46,955 +2%
        2017$844 +12.5%$46,036 +2%
        2016$750 +2%$45,134 +1.5%
        2015$735 +1.2%$44,457 +2%
        2014$726 -99%$43,587 +0.5%
        2013$72,120 $43,391 +2%
        2012-- $42,541 +2%
        2011-- $41,708 +0.7%
        2010-- $41,398 -0.2%
        2009-- $41,498 +2%
        2008-- $40,685 +2%
        2007-- $39,888 +2%
        2006-- $39,107 +2%
        2005-- $38,341 +2%
        2004-- $37,591 +1.9%
        2003-- $36,902 +2%
        2002-- $36,179 +2%
        2001-- $35,470 +2%
        2000-- $34,775
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 95476

        Getting around

        70 / 100
        Somewhat Walkable
        74 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Sonoma Valley Union

        Source: BAREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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