A truly one-of-a-kind Petaluma offering, this 3.31 acre estate spans two legal parcels and seamlessly blends luxury living, income-producing real estate, and exceptional versatility in one remarkable property. At the heart of the estate is a beautifully updated 1920s Craftsman, where timeless architecture meets modern comfort. Encompassing 2,619 square feet, the residence offers five bedrooms and three full bathrooms, thoughtfully updated while preserving its original character and charm. Rich hardwood floors, abundant natural light, an updated kitchen, spacious living areas, and classic Craftsman details create a warm and inviting atmosphere, while the private backyard is designed for year-round enjoyment with an in-ground pool, separate pool house, mature landscaping, and multiple outdoor entertaining spaces. Situated on approximately one-half acre at a prominent corner location, the home enjoys exceptional curb appeal and is just moments from the highly regarded Liberty Elementary School. The adjoining 2.75 acre parcel enhances the estate with multiple income-producing residences, multiple barns, expansive paved parking, and level usable acreage, creating endless possibilities for investment, multigenerational living, agricultural pursuits, hobby farming, or future opportunities. Whether you're seeking a private family compound, a luxury residence with supplemental income, or a long-term investment in one of Petaluma's most desirable locations, 720-724 Liberty Road offers a truly rare combination of lifestyle, flexibility, and enduring value. Conveniently located just minutes from Historic Downtown Petaluma, Highway 101, shopping, dining, and Sonoma County's renowned wine country, this is an opportunity unlike any other.