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SOLD
MLS: 670354
 
Asking Price: $775,000 Fee Simple
Sold Price: $700,000
Sold Date: 10/16/2023
Type: Land/Residential Condo
District: Koloa
Street: Lolo Rd
Style: Vacant
Land Area: 0.5 Acres
Days on Market: 891
Year Built: 0
Easements: Ingress/Egress,Other (remarks)
Zoning: A
Roads: County,Private
Property Taxes: $3,927
Assessed Value: $581,800
Assessed Ratio: 133.21%
Listing Courtesy: COMPASS
Terms Acceptable: 1031 Exchange,Cash,Conventional
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Ocean Views from this 1/2 acre lot in Kalaheo. House plans included.

This 1/2 acre lot with extensive ocean views is located adjacent to the Kakela Makai Oceanview Subdivision in Kalaheo. Valid architectural stamped plans for a 4482 sq ft, two-story, 4-bedroom office, 3-bath house are included with the sale. If this house is too big, have DK (the draftsman) modify the plans to your taste and liking. The County Building Division approved the foundation inspection under the original building permit 06-2070. This permit is still reflected in the County records but has since expired. New building permits and septic permits will need to be issued. The Department of Health has a copy of expired septic plans on file (for this property) that they can share with any engineer who wants to revalidate them. RE the foundation: Jim Boldt with Boldt Masonry Construction Lic#ABC-27966 inspected the foundation on July 19, 2023, and said the foundation is constructed very well and is in excellent condition with no observable shifting or cracks whatsoever. Furthermore, he said the foundation is ready to build on and only gets stronger the older it is.

The completed architectural plans and existing foundation work will save $110,000( ), plus six months' worth of planning and construction time. Or demo and build to suit.

This property is not part of the Kakela Makai Oceanview Subdivision and is not restricted by their CCRs or HOA fees. This is Unit No. 1 of a two-unit CPR. The two owners self-manage the HOA, and no HOA fees are currently being collected. The water meter and electrical boxes are in place.

This is an excellent opportunity to build a lovely home with outstanding ocean, mountain, and Poipu coastline views. Please do not walk or climb on the foundation. Buyers must independently verify any info they deem material or important to their purchase. Reports and house plans are on file.


 
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