Cohousing-L Mailing List: Exciting Sonoma County Opportunity for Rural Cohousing -an hour north of San Francisco

[Jasmine Gold (jasmine]

An exceptional opportunity is still available to create a cohousing
community on a 12 acre property in Penngrove in Sonoma County! However, we
don't have enough money to purchase and develop the property. We are
looking for both future residents with money to invest and outside
investors who want to support this dream. The owner has already received
for subdivision into 4 lots.  We have done a preliminary feasibility study
and it looks extremely promising. Sonoma County allows each lot to have one
home, two units up to 1200 square feet (one attached and one detached), and
one junior accessory dwelling unit up to 500 square feet.  Each lot will
cost about 600K and will be held as tenants in common for 3-4 homes.

Home prices will probably run from the upper $300,000's for the smallest
homes to over 1 million for the largest homes. The exact home cost will
depend on the final number of homes, the final home design, the final
square footage, the final building materials, and the size of the common
house that we, the future residents, consense on. We are also exploring
alternative building materials to bring the cost down. By getting involved
now, you can get help determine all this.

The number of bedrooms allowed in each house will be determined by a $3000
septic study. We know we can have at least three 1-bedroom homes on each of
the four lots. The study will let us know whether we can have four homes
per lot and/or some homes can have two bedrooms. One lot definitely can. We
can also get extra bedrooms by having offices and dens without closets.

After an offer is accepted, the owner is now offering us 60 days for our
next stage feasibility studies. The first step would be $3000 for the
septic system study and $3500 to apply for a state small water system for
the existing well. Other next steps include architectural design drawings
(30-50K), legal fees, and a formal review meeting with the planning
department. Whatever we spent would be non-refundable if we decided to back
out during the 60 days. We will also need to start marketing to get the
remaining residents.

Unless we have outside investors, each resident would need to gradually
contribute 30-40% of their home cost prior to the start of construction in
fall of 2026.

The estimated move-in date would be 2-1/2 years from now in fall of 2027.

If you or anyone you know might be able to invest in making this dream a
reality, please reach out to me for more details, the feasibility study
link, an invite to our Discord discussion group, meeting details, or a site
visit.

It is rare for property like this to come on the market, so the time to act
is NOW!