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SOLD
MLS: 621037
 
Asking Price: $1,500,000 Fee Simple
Sold Price: $1,500,000
Sold Date: 10/17/2018
Type: Land
District: Hanalei
Street: 5-5501 Kuhio Hwy
Neighborhood: Hanalei
Baths: 2
Living Area: 1,088 SF
Style: 2 Units
Land Area: 0.5 Acres
Parking: None,Other (remarks)
Days on Market: 2063
Year Built: 1955
Easements: Street Widening
Zoning: R-4
Roads: Paved,State
Land Recorded: Regular
Property Taxes: $6,230,.93
Assessed Value: $1,180,500
Assessed Ratio: 127.06%
Listing Courtesy: Hawaii Life Real Estate Brokers
Terms Acceptable: 1031 Exchange,Cash,PMM
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Hanalei, Kauai: Subdivision Pending Across from Middle\'s Beach

Half acre parcel only 650 feet from Pinetrees Beach, Hanalei Bay, Kauai. Subdivision approval pending subject to water meter and driveway approach approval. Upon SD approval both subdivided lots may each qualify for house ADU (CPR potential). Maps and conditional approval letters are available.

Value is in the land, zoning and location. The two existing structures (Cottage and shed) are in very poor condition and will most likely be replaced when it\'s time to add on or develop this property into something more special. The cottage is currently rented for $1000 month-to-month lease. The dwellings are in very poor condition and will be shown to qualified buyers ONLY.

Avocado, mango, lychee, papaya, banana, coconut, lilikoi, lime, and other flowering trees and plants. Property sold As-Is. The property will not qualify for conventional lending due to condition of the dwellings.

Please do not go onto property or disturb tenants or their dog without an appointment. Mahalo!


 
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