Address Not Published

    Kailua-Kona, HI 96745
    • $5,995,000
    • STATUS: Active
    • ON SITE: 436 days
    • MLS #: 617854
    Foreclosure
    UPDATED: 73 min ago
    $5,995,000
    • 0
      BEDS
    • 108.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    Area:

    School Ratings & Info

    Description

    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.

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    © 2019 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aloha Kona Realty, Inc.. Data last updated: 2019-07-20T15:34:21.17.
    www.alohakonarealty.com/homes/83397207

    Address Not Published Kailua-Kona, HI 96745

    • Price: $5,995,000
    • Status: Active
    • Updated: 73 min ago
    • MLS #: 617854
    0
    Beds
    0
    Baths
    0
    ½ Baths
    108.18
    Acres
    Neighborhood:
    Lanihau 1st - Hienaloli 1st
    Area:
    North Kona
    Property Description
    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.
    Exterior Features

    Fence Rock/StoneWire Frontage Other (Remarks) Land Tenure Fee Simple Lot Description RockyWooded Ocean Front N Pool N Roads CountyNonePrivate Topography Rolling Terrain View BayCoastlineOceanOcean HorizonSunset

    Property Features

    Assessed Value 2318600 Assessment Year 2018 Distressed Reo/Lender Lava Zone 4 Lot Number 6-B- Phone Service CableCellLand Line Power Other (Remarks)Underground Property Type Land Sewer Sewer-ConnectedOther (Remarks) Solid Waste Disposal Private Contractor Tax Key 375003007 Taxes 25982.73 Terms CashConstruction LoanConventionalSwap/Trade Tv Availability SatelliteCable Water MunicipalOther (Remarks) Zoning Ra-1A

    Listing information © 2019 MLS Hawaii, Inc. All rights reserved.
    Listing courtesy of Pacific Realty Organization Llc.


    © 2019 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aloha Kona Realty, Inc.. Data last updated: 2019-07-20T15:34:21.17.
     
    Aloha Kona Realty, Inc.
    75-5852 Alii Dr. V-14
    Kailua Kona HI, 96740