Ken Mattson started small… With a massive eyesore.
After coming to Sonoma for years as a vacationer, the Piedmont resident’s first buy in Sonoma Valley became the two water-logged and deserted 7,000-square-foot houses on Moon Mountain Road. Mattson snapped up the property in 2015 for simply under $1 million and agreed to raze the web site straight away to improve the aesthetics of Highway 12. Two significant new houses on the same website are online now near completion. He quickly started looking for other homes around Sonoma that he believed had been underutilized but held excessive potential. In 2016, he bought Sonoma’s Best deli and cottages on East Napa Street, Boyes Food Market, and the “Lanning Structures” on Highway 12.
His tempo has picked up because then. Mattson has quietly been shopping residential and commercial homes in addition to vacant lots, both inside the city limits and around the Valley. As of press time, consistent with CoreLogic’s actual property reports, he now owns all or a part of 26 Valley residences totaling nearly $80 million. Two property dealers acquainted with the neighborhood market agreed that Mattson is now one of the most critical (non-winery) landowners inside the Valley. Most beautiful were Mattson’s purchases, through his real estate corporation, LeFever Mattson, of Cornerstone Sonoma marketplace, Ramekins culinary faculty, and the General’s Daughter event space from Kenwood Investments.
But Mattson additionally now owns Leland Fishing Ranch assets on Arnold Drive, the old Cocoa Plant constructed on Broadway, Cottage Inn & Spa downtown, a portion of the Mercado assets at the Plaza, the Sojourn tasting room creating on East Napa, and the listing goes on.
The Cornerstone deal
Mattson instructed the Index-Tribune that he makes a specialty of identifying underutilized property. “Not below-valued,” he stated with amusing, acknowledging Sonoma’s excessive real estate fees, “below-utilized.” To maximize the potential of the Cornerstone belongings, LeFever Mattson purchased the close by thirteen-acre Leland Fly Fishing Ranch for $four.75 million, and Mattson said he hopes sooner or later to make that property “part of the Cornerstone experience.” To maximize the potential of the Ramekins and General’s Daughter houses, LeFever Mattson ultimate week purchased the large barn in the back of the places in addition to a few neighboring residences. He said that he bought the Cottage Inn and Spa to get entry to its resort body of workers.
Sonoma’s Best assignment
Mattson’s reputedly random residential purchases around Sonoma’s Best relate to his desire to gain the shop’s area at the pinnacle of the lot-anticipated motorcycle trail to be able to sooner or later run from Eighth Street East up to Santa Rosa. His purchases associated with the motorbike path encompass three parcels close to Lovall Valley Road and Seventh Street East, totaling 10 acres and almost $15 million. His acquisition of a residence on Apple Tree Court at the back of Sonoma’s Best will improve access to the motorcycle path and add parking.