Water Views
Address
WAIAHA 1ST - PUAPUAANUI 1ST Kailua-Kona, HI
Price
$ 8,500,000
Property Attributes
  • MLS#652762
  • TypeLand
  • CountyHAWAII
  • CityKailua-Kona
  • AreaNorth Kona
  • NeighborhoodWAIAHA 1ST - PUAPUAANUI 1ST
  • Zip96740
  • Style
  • Taxes$ 131265
  • Price$ 8,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size61.75 Acres
Listing Provided Courtesy Of:
Pacific Realty Organization LLC
Data Source:
Hawaii Info Service (HISMLS) - 169 - HI
Property Description

Infill urban mixed-use development project, shovel ready. Fronts both Queen Ka'ahumanu and Kuakini Highways. Includes five parcels of land (3/7-5-17:001; 039; 19; 23; & 26 zoned CN-20 [commercial]; RM-2.5 [multi-family residential]; and A-5a [agricultural] respectively). Master plan and Zoning Ordinances call for 226 affordable rental units; 160 market priced units (For Sale or Rental); and up to 74,600sf of commercial space on two parcels. Remaining two parcels need re-zoning, or can be used for Ag purposes. Sale includes 510 water credits, archeological reports, plans, and permits. Long-time owners and sellers are estate planning and have priced this project TO SELL at almost $4,000,000 BELOW ASSESSED VALUE!! PLUS the property is in the Kona OPPORTUNITY ZONE!! Rare opportunity for development of great mixed use project in the middle of Kona's Golden Corridor, halfway between Kailua-Kona Village and Keauhou Resort, the sweet spot of the Kona District. High barrier to entry market, strong demand for both Rental and For Sale housing, great demographics in this neighborhood. As good as it gets!! More details and info available.

Price History
8/16/2021 Listed $8,500,000

General Features

District North Kona
Flood Zone AE, X
Land Tenure Fee Simple
Location WAIAHA 1ST - PUAPUAANUI 1ST
Lot Number 2
Pool Y/N No
Power Overhead
Property Type Land
Subdivision WAIAHA 1ST - PUAPUAANUI 1ST
Subdivision Abbreviated Name WAIAHA 1ST
Telephone Availability Cable, Land Line
Topography Rolling Terrain
Tv Availability Cable
View Coastline, Ocean, Sunset
Wastewater Sewer-Not Connected
Water County
Zoning CN-20

Exterior Features

Fence/wall Rock/Stone
Frontage Highway/Freeway, Road/Street
Land Area 2689656
Lot Description - Land Rocky
Roads County, Major Thoroughfare, Paved, State
Structures No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 96740

Price
AVG $3.5M
$8.5M
Taxes
AVG $18,084
$131,265
Visits
AVG 39
10

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