254 1st St E 1.96 Acres of Residential Land Offered at $4,600,000 in Sonoma, CA 95476

Back on the market! An exceptional opportunity to develop approximately 2 acres in downtown Sonoma. Take advantage of California's new density laws (SB 76) to create a project from the ground up, or bring the currently entitled development to completion. Demolition and grading permits are already in hand, providing a significant head start. Ideally situated in the heart of Wine Country, this highly desirable Eastside location is entitled for 31 luxury condominium residences just steps from the historic Sonoma Plaza. Create a new standard of luxury living in one of Sonoma's most sought-after neighborhoods. Nestled alongside Depot Park and Sonoma City Trail, the property offers a peaceful retreat just steps from world-renowned restaurants, acclaimed wine-tasting rooms, boutique shopping, and some of California's most significant historic landmarks. The approved project includes a thoughtfully designed mix of residences: twenty (20) approximately 850-square-foot one-bedroom, one-and-a-half-bath units; two (2) approximately 800-square-foot affordable one-bedroom, one-bath units; four (4) approximately 1,211-square-foot two-bedroom, two-bath units; and five (5) approximately 1,857-square-foot two-bedroom, two-bath penthouse-style residences featuring third-floor view terraces. Future residents will enjoy a resort-inspired pool, outdoor gathering spaces, and a preserved Oak grove, all within easy access to Sonoma's renowned attractions, recreational amenities, and vibrant downtown lifestyle. This is a rare opportunity to deliver a premier residential community in one of Northern California's most iconic destinations. This parcel could also be ideal for an owner user. The possibilities are endless.