$2,000,000
$2,500,000
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#1 Hawi, HI 96755
62.5 Acres Lot
Key Details
Sold Price $2,000,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Puaiki - Kaiholena
MLS Listing ID 644822
Sold Date 06/14/21
Annual Tax Amount $6,805
Lot Size 62.500 Acres
Property Description
Kaupala’oa Ranch with 62.5 oceanfront acres is now on the market at a severely discounted asking price: $900,000 dollars off the past list price. The price is not the reason this did not sell in the past. Most likely it is because potential Buyers wish to further subdivide, and it is unlikely that will be possible without a lot of time and patience; Buyer’s due diligence is w/the County of Hawaii. Look at this as an opportunity for preserving the ranch or, at most building 2 estate homes. The Seller has no financial distress, and should it not sell at this new low value, he will consider donating to a conservation entity. Now is the time to utilize this rare opportunity to own a large oceanfront parcel on the North Kohala coastline of the Big Island. This property is relatively untouched. It is totally private and secluded but located within +/- 8 mi. of Kawaihae Harbor and 9 mi. to the Mauna Kea Beach. The property consists of 2 contiguous lots that together have approx. 1500 ft. of ocean frontage. The land is bordered by large State-owned parcels to the north and south, Akoni Pule Hwy. to the east and the ocean to the west. Views are of the Kohala Coast, Maui and occasionally Lanai and Kahoolawe, daily sunsets, the surrounding Kohala Mountains, seasonal whale watching and daily pods of dolphins, turtles, and other Hawaii sea life. There are 2 county parks within a few miles of the property and the farming and ranching community of Hawi is only approx. 10 mi. north w/award winning restaurants, Farmer’s Markets, boutiques, schools, health care facilities, banks, grocers, etc. The resort amenities of the Gold Coast are just minutes away. Properties of this nature are rarely available in this area especially at this price; land bankers and conservationist take note. Other nearby properties have drilled their own wells w/sophisticated filtration systems and photo voltaic solar energy. Each lot is 31.3115 ac. per 2016 survey or re-consolidate into one 62.623 ac.
Location
State HI
Area North Kohala
Building/Complex Name Puaiki-Kaiholena
Zoning A-5A
Exterior
Pool No
Waterfront Y
View Bay, Coastline, Mountain, Ocean, Ocean Horizon, Other (remarks), Sunset
Building
Lot Description Clear, Other (remarks), Wooded
Sewer None
Water None, Other (remarks)
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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