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SOLD
MLS: 666897
 
Asking Price: $4,500,000 Fee Simple
Sold Price: $2,510,000
Sold Date: 03/17/2023
Type: Residential
District: Hamakua
Street: 44-67 Paauhau St
Neighborhood: Paauhau
Beds: 4   Baths: 4
Living Area: 4,527 SF
Land Area: 105.6 Acres
Parking: Unassigned
Amenities: Ceilings-9'+,Exterior Lighting,Landscaped,Smoke/Heat Detector,Other (remarks)
Days on Market: 502
Year Built: 2000
Zoning: A-40A
Roads: County,Graded,Private,Paved,Other (remarks)
Land Recorded: Regular
Property Taxes: $14,255
Assessed Value: $2,477,900
Assessed Ratio: 181.61%
Listing Courtesy: COMPASS
Terms Acceptable: Cash,Conventional
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Property of Exceptional Value, Infinite Possibilities, Uniquely Rare 106 AC

Architectural artistry and construction at its absolute finest and sited on 105.6 acres of verdant Hamakua Coastline on the Big Island of Hawaii, this property provides endless possibilities to dream about: A future tea or coffee farm, an exotic sandalwood forest, equestrian estate, boutique bed and breakfast, culinary school, farm to table private dining, wedding and special events venue, corporate, health or spiritual retreat. Sequestered in complete privacy, a gathering place for friends and family, a safe haven to adventure and explore the exquisite Hamakua coastline, the most productive farmland on the island with access to state and county parks, waterfalls and historic sites. Built in 2010 as a love affair with Italy, Villa Paolina costs approximately $6 million to build and has recently undergone a two-year meticulous restoration, renovation project. The villa itself is a monumental feat of construction and a home of rare and great beauty: 4,527 square feet of living area consisting of 4 suites, a hotel-sized kitchen with a butler’s pantry and 2,240 square feet of covered lanai of marble for a total of 6,764 square feet under roof. The structure is composed of reinforced concrete columns attached to the slab at the base and then to reinforced square concrete beams at the top which connect all the columns. The columns, beams and arches of concrete are all 16”x16” deep and were poured in place. The roof trusses are galvanized steel covered by a richly colored terracotta tile in stark contrast to the off-white hand-applied plaster of the exterior 8” concrete walls. 180-degree coastline views, majestic Mauna Kea and across the channel to Maui and the tip of Haleakala. This northern coastline of Hamakua sits below the expansive slopes of Mauna Kea in an area known for sunny weather and moderate rainfall referred to as the ‘banana belt’; an absolute must see to appreciate the beauty and rarity. VIEW THE ATTACHED VIDEO; ITS TRULY AMAZING.


 
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