Listing Image
MLS: 668516 (Active - For Sale)
Asking Price: $3,950,000 Fee Simple
Type: Land
District: North Kona
Street: 77-6300 Alii Dr
Neighborhood: Holualoa 3rd - Kaumalumalu (beach Section)
Baths: 4
Living Area: 2,314 SF
Land Area: 0.78 Acres
Parking: DE
Days on Market: 442
(The Price of the property was lowered by $1,300,000 on 03/27/2024)
Year Built: 1956
Zoning: V-1.25
Roads: Major Thoroughfare
Land Recorded: Land Court
Property Taxes: $21,883
Assessed Value: $1,971,500
Assessed Ratio: 200.36%
Listing Courtesy: RE/MAX Honolulu - Big Island
Terms Acceptable: 1031 Exchange,Cash,Conventional

Direct Waterfront Property with Historic Homes Potential on Alii Drive

Major $650,000 Price Reduction! 250 feet of unobstructed waterfront!

Come Home to Laimana!

Renovate this historic property and live on one of the most famous waterfront properties in Hawaii! The property is one of the most beautiful oceanfront properties along the Kona coast. Midway between Kona and Keauhou, this is an ideal location for the discriminating buyer who wants to experience a slice of old Hawaii. Imagine sitting on the lanai and reading about how Royalty learned to surf at the famous beaches here.

Nestled between two of Hawaii Island's premier surf beaches, Banyans and Lymans, the property has 250 feet of direct waterfront. The 0.78-acre property hosts two older homes totaling 2,800 square feet. The houses can be renovated keeping the existing footprints and breakwater foundation walls as well as the old swimming pool right on the water. Additional square footage can be constructed on the Alii Drive side of the homes. The existing setbacks remain in place because the homes were originally permitted in 1957. There are no archaeological or heritage site issues.

This one-of-a-kind historic property has full on views of a multi-colored turquoise bay, the coconut grove at Kamoa Point, the surf and the most spectacular sunsets year around. Sit on your lanai and watch the surfers with 180-degree views of the ocean and coastline. Watch the paddlers, whales and sight-seeing boats pass by. Listen to the waves and watch the ever-changing tides.

The main home boasts 2,134 square feet under roof and has 4 bedrooms and 3 baths. The second home has 660 square feet, 2 bedrooms and one bath. There is also a carport. The residences are single-wall construction.

This is one-of-a-kind opportunity. The Seller's agent has had discussions with the county planning department and has a full understanding as to what can be done to turn this into your one-of-a-kind oceanfront home!

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