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Kathryn Casey

Realtor, RS-81742

  • Office 808-769-5111
  • Cell 808-731-9088
Questions?

2455 S Kihei Rd, Kihei, Hawaii – $14,900,000

  • $14.9M Price
  • 370,260 Sqft
  • Acres
  • 61 DOM
  • $14.9M Price
  • 370,260 Sqft
  • Acres
  • 61 DOM

2455 S Kihei Rd

This is the former KAMAOLE GRAND 217 unit luxury condo development and near shovel ready. $6,200,000 has been spent on infrastructure including sewers, fire protection, three huge water meters, grading(needs to be regraded)and preliminary drawings but the current infrastructure is for the old 78 unit Aloha Village condominiums and incompatible with the current 217 unit plan. SMA is in place and ACTIVE. The most recent appraisal was $27,500,000 but seems too high. The North-South Collector road is in and finished. Final construction drawings are needed. This is a bank owned property. I sold the land to the prior owner in 2008 for $4,875,000. The property is zoned Hotel but designated multi-family in the Community Plan and that is cast in concrete. Short term rentals are NOT possible. All toll, there is not less than $15,000,000 spent on this property. There is also a water well for irrigation. Ingress/egress is from the North South Collector road. Right hand turn only onto Kihei road when exiting the property. Gentle slope to the top. Ocean views half way up and all the way from the top floors. Hundreds of thousands of dollars have been spent on architectural, planning, permitting, archeological, interest on loans for the past 11 years. If you have a developer who is capable of a project of this magnitude the pro formas will show the profit potential for this incredible development. The DROP BOX link is comprehensive. POF required and a letter of financial capability essential from the bank or financial institution, REIT, pension fund, insurance company funding the development. The price of the condos can be whatever the market will bear.

Essential Information

  • MLS® #382951
  • Price$14,900,000
  • Square Footage370,260
  • Acres8.50
  • TypeVacant Land
  • Sub-TypeVacant Land
  • Land TenureFee Simple
  • StatusPending - Cont. To Show

Community Information

  • Address2455 S Kihei Rd
  • AreaKihei
  • SubdivisionNONE
  • CityKihei
  • StateHawaii
  • Zip Code96753

Amenities

  • ViewOcean
  • Is WaterfrontYes
  • WaterfrontAcross Street from Ocean

Additional Information

  • Date ListedMay 20th, 2019
  • Days on Market61
  • RE / Bank OwnedYes

Listing Details

  • OfficeRoyal Realty LLC
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Price Change History for 2455 S Kihei Rd, Kihei, Hawaii (MLS® #382951)

Date Details Change
Status Changed from Active to Pending - Cont. To Show
Status Changed from Cntngnt Escrow Canceling to Active
Status Changed from Pending - Cont. To Show to Cntngnt Escrow Canceling
Status Changed from Active to Pending - Cont. To Show

Fee Simple

Royal Realty LLC.

This information is believed to be accurate.

It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon.

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