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SOLD
MLS: 605470
 
Asking Price: $270,000 Leasehold
Sold Price: $235,000
Sold Date: 01/12/2018
Type: Residential
District: South Kona
Street: 84-1129 Telephone Exchange Rd
Neighborhood: Honaunau Subdivision
Beds: 3   Baths: 2 Full / 1 Half
Living Area: 1,288 SF
Land Area: 10.8 Acres
Parking: Open
Days on Market: 2553
Year Built: 1986
Zoning: A-5A
Roads: Private,Paved
Property Taxes: $2,443
Assessed Value: $264,200
Assessed Ratio: 102.2%
Listing Courtesy: Hawaii Life Real Estate Brokers
Terms Acceptable: Cash
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10.8 Acre Flower, Avocado and Fruit LH Farm

Lehualani Farm is a 10.8 acre KSBE Leasehold farm located just 1 mile up a country road in lovely Honaunau, in the heart of South Kona. This unique farm is primarily in exotic flowers. Dramatic stands of mature varieties of Heliconia, Ginger, Calathea and Curcuma dominate the landscape. Spectacular South Kona Coastline views from the Kealakekua pali to Pu’uhonua O’Honaunau, City of Refuge are visible from much of the property due to the gentle sloping topography. There are many fruit trees including 30 Sharwil Avocados (and Beshore, Green Gold and Yamagata are being planted), Orange, Tangerine, Tangelo, Lemon, Soursop, Mountain Apple, Starfruit, Jaboticaba, Fig and others are being planted; Lime, Meyer Lemon and Abiu.
The main home is lovely with Cedar siding and real wood floors. This 2 BR/1BA upstairs, has a huge lanai to enjoy the stunning views and ocean breeze. The downstairs is a huge carport/ workspace - very practical and used for cleaning and processing the flowers and fruit. There is also a separate studio apt, which has been used as an office space. The studio shares a bathroom and outdoor shower with the workspace for farm workers. The private coffee shack at the top of the property is accessed by a separate driveway, another mile up the country road from the main home’s driveway.
The flower business is not active now. However, at one time, this farm shipped gift boxes to the mainland. There is great business potential and opportunity to fill a need to provide cut flowers and arrangements to retail at Farmer’s Markets and wholesale to florists, grocery stores, hotels and restaurants.
The current Lease expires January 31, 2018.
Annual Lease Rent is $5832


 
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