WAIKOLOA, HI 96743
Resort Development Site, the potential for 381 more SF or MF Res Units.
Listing Provided by: Joel K. LaPinta
MLS #: 715536
MLS #: 715536
Description
Within the Resort Node, STVR allowed 420 single-family or multiple-family units, of which 39 were completed and sold. Offering includes 58 acres zoned RM-6 & RM-8, 4.853 acres Commercial CV-10, one house lot, and 175.64 acres Open District.
The property consists of 40 tax map key parcels.
The property is entitled to the development of up to 420 residences on 125 acres, for a total of 252 acres.
The property has been foreclosed and is now owned by the lender. The former developer obtained final subdivision approval for forty (40) lots in Phase 1 (Increment 1) and completed and sold 39 homes. One of the lots remains vacant and is owned by the lender. Phase 2 (Increment 3) consists of 8.622 acres, for which the former developer was granted final subdivision approval to create 20 homesite lots after entering into a subdivision agreement with the County and posting a 120% surety bond. The grading was completed for the twenty lots. The paved streets and utilities have not been installed.
The property presents an unparalleled opportunity to create a distinctive resort residential community on the Kona-Kohala Coast, situated within one of the most established resort destinations on the island of Hawai‘i.
The property consists of 40 tax map key parcels.
The property is entitled to the development of up to 420 residences on 125 acres, for a total of 252 acres.
The property has been foreclosed and is now owned by the lender. The former developer obtained final subdivision approval for forty (40) lots in Phase 1 (Increment 1) and completed and sold 39 homes. One of the lots remains vacant and is owned by the lender. Phase 2 (Increment 3) consists of 8.622 acres, for which the former developer was granted final subdivision approval to create 20 homesite lots after entering into a subdivision agreement with the County and posting a 120% surety bond. The grading was completed for the twenty lots. The paved streets and utilities have not been installed.
The property presents an unparalleled opportunity to create a distinctive resort residential community on the Kona-Kohala Coast, situated within one of the most established resort destinations on the island of Hawai‘i.
Property Details
Price: $40,000,000
Sold Price:
Address: WAIKOLOA, HI 96743
Ownership: Full
Status: Active
Category: Land
Type:
Sold Price:
Address: WAIKOLOA, HI 96743
Ownership: Full
Status: Active
Category: Land
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Features and Amenities
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Community Information
Project Name:
Subdivision Name: AINAMALU AT WAIKOLOA BEACH RESORT
Association Fee: Monthly
Subdivision Name: AINAMALU AT WAIKOLOA BEACH RESORT
Association Fee: Monthly
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Lava Zone: 3
Flood Zone: X
Flood Zone: X
Land Information
Lot Size: 10,369,458 Square Feet
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Land Tenure: Fee Simple
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Land Tenure: Fee Simple
Lot Features: Cleared
Frontage: HIS Preservation
Frontage Type: HIS Preservation
Roads: Paved, Private
Roads Frontage Type: HIS Road/Street
Frontage: HIS Preservation
Frontage Type: HIS Preservation
Roads: Paved, Private
Roads Frontage Type: HIS Road/Street
Zoning: RM-6
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Additional Details
Assessed Tax Value: $13,434,000
Annual Tax: $155,163
Tax Year: 2024
Tax Lot: 9
Tax Block:
Utilities: Electricity Available, Sewer Connected, Underground Utilities, Water Available
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Water: Private, Public
Solid Waste Disposal: Private Contractor
Cooling:
Heating:
Sewer:
Water: Private, Public
Solid Waste Disposal: Private Contractor
First Listed November 4, 2024, 1:24 pm
Last Updated November 4, 2024, 2:37 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:
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