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Chelsea Lynn Rosario

Realtor, R(S) - 79058

  • Office 808.769.5111
  • Cell 808.443.8497
Questions?

Lanihau 1st - Hienaloli 1st, Kailua-Kona, Hawaii – $5,995,000

  • $6M Price
  • 4,712,103 Sqft
  • 108.18 Acres
  • 554 DOM
  • $6M Price
  • 4,712,103 Sqft
  • 108.18 Acres
  • 554 DOM

Lanihau 1st - Hienaloli 1st

Great site directly above Kailua Village and the pier with unsurpassed views. Project will accommodate the estate lot lifestyle that is so popular with a proximity to the urban core and conveniences of such a location that is unequalled, or re-zone to higher density zoning designations for single-family and multi-family project. Would work very well in conjunction with development of nearby 129-acre “Keopu” property (listed separately). Very high barrier to entry market so there is no real competition in existence. 99.306 acres zoned “RA-1a” (Residential/Agricultural: one acre minimum lot size) + 8.87 acres zoned “RM-3.5” (multi-family: one unit per 3,500sf land area). Finish planning and subdivision work and build homes or sell lots. Multi-family zoned land and different elevations allow you to have several different products and price points in the project. Property is in KCDP “Urban” area and will need to comply with requirements as Zoning Ordinance needs to be extended, which triggers compliance requirement. For high-density project, recommend Transit Oriented Development project be pursued. 57 water units already committed, additional water units may be available, about $7,000 each unit. Ten affordable housing “credits” already purchased for $600,000 and included in sale. Additional credits available. 20% of total unit count needs to be either affordable or have “credits” purchased. Sewer, water, electrical, phone, CATV available. Water system may be private or public, depending on negotiations with the County and a nearby property owner for a tank site (for a County system). Roadway to be extended from current dead-end next to Lowes up to mauka portion of multi-family zoned property in “dedicable” condition with curbs, gutters and sidewalks. Archeological Report done and approved. Portion of property in Flood Zone "A", Base Flood Elevations need to be defined.

Essential Information

  • MLS® #617854
  • Price$5,995,000
  • Bathrooms0.00
  • Square Footage4,712,103
  • Acres108.18
  • TypeLand
  • StatusActive

Community Information

  • AddressLanihau 1st - Hienaloli 1st
  • SubdivisionLanihau 1st - Hienaloli 1st
  • CityKailua-Kona
  • DistrictNorth Kona
  • StateHawaii
  • Zip Code96745

Amenities

View

Bay, Coastline, Ocean, Ocean Horizon, Sunset

Exterior

  • Lot DescriptionRocky, Wooded

Additional Information

  • Date ListedMay 9th, 2018
  • Days on Market554
  • ZoningRA-1A
  • ForeclosureYes

Listing Details

Office

Pacific Realty Organization LLC

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Pacific Realty Organization LLC.

IDX is deemed reliable but is not guaranteed accurate by the Hawaii Information Service, Inc. Listing Service. © 2019 Hawaii Information Service. All Rights Reserved.

Listing information last updated on November 14th, 2019 at 6:40pm HST.