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SOLD
MLS: 650394
 
Asking Price: $1,200,000 Fee Simple
Sold Price: $1,050,000
Sold Date: 06/20/2022
Type: Land
District: Hamakua
Street: West Waikoekoe
Neighborhood: Waikoekoe Lots
Style: Vacant
Land Area: 40.92 Acres
Days on Market: 1035
Easements: Ingress/Egress,Street Widening
Zoning: A-40A
Roads: Graded,Private,Paved,Unpaved
Land Recorded: Regular
Property Taxes: $6,723,.59
Assessed Value: $719,100
Assessed Ratio: 166.88%
Listing Courtesy: COMPASS
Terms Acceptable: 1031 Exchange,Cash,Construction Loan,Conventional
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Fall in love with the the beauty of this 40 parcel just minutes from Waimea

The magnificent views that surround this property shift constantly with the weather.

Look to the west across emerald green rolling pastures to the far rim of Waipio Valley, at times with numerous waterfalls, at times shrouded in mist, and to the forested mountains beyond. To the north, you can see the blue Pacific, to the south majestic Mauna Kea. At night the brilliant starry skies are beyond compare.

Mostly open pasture, there are some stately o’hia and koa trees and a gentle slope down to the north boundary of the parcel. Only 20 minutes from the town of Waimea, the weather is cool and mild year-round, and the air quality is some of the best in the world.

Because of its unique location almost at the end of West Waikoekoe Lane - the Association road - the parcel offers the advantage of almost no passing traffic. Add to that the private lane running from the Association road on the lot’s northern border and along its eastern border, and the lucky owner can build a home on higher ground and removed from the HOA road, allowing even greater privacy, without the significant cost of having to also build a very long driveway. The drive from the Association gate on Mud Lane, a beautiful and much photographed paved county road, to the gate to the private lane takes 6 glorious minutes.

This parcel has no large gulches, making access to the entire lot easy.

There are about 10 homes in the 21 lot subdivision. Most of the lots are about 40 acres in size. The vacant lots are generally grazed by cattle.

Although the area does not have presently have access to robust internet service, Starlink is scheduled for installation in 2023, and is advertising download rates of 100-200 Mbps with low latency. Residents rely upon photovoltaic systems with backup generators for power. The HOA holds a County water meter and a water line. The lot owner has connected to the HOA line and installed a water sub meter at the northern lot line.


 
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