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SOLD
MLS: 653999
 
Asking Price: $15,000,000 Fee Simple
Sold Price: $10,300,000
Sold Date: 12/09/2022
Type: Residential
District: Hanalei
Street: 5-5016 Kuhio Hwy
Neighborhood: Hanalei
Beds: 10   Baths: 5
Living Area: 10,252 SF
Land Area: 2.32 Acres
Parking: Other (remarks),Unassigned
Days on Market: 938
(The Price of the property was lowered by $5,000,000 on 07/06/2022)
Year Built: 1961
Zoning: O
Roads: State
Property Taxes: $46,810
Assessed Value: $4,752,300
Assessed Ratio: 315.64%
Listing Courtesy: Hawaii Life
Terms Acceptable: 1031 Exchange,Cash,Conventional
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Hanalei Dolphin Center + Five Homes along Hanalei River

This unique income producing property located on approximately 2.32 acres, includes five charming plantation style cottages and a well maintained building with retail and restaurant tenants with approximately 294 feet of frontage on Kuhio Hwy and bordering the Hanalei River.

The Hanalei Dolphin Center, a landmark in the community, is approximately 7204 square feet is the first property you’ll see on the way to Hanalei town from Princeville. It includes 3 street front retail shops and the popular Hanalei Dolphin Restaurant and Fish Market.

The five cottages are known as The Hanalei Dolphin Cottages. Four of the five cottages are currently rented as short term vacation rentals with Kauai County TVR (Transient Vacation Rental) permits in place. Three of the cottages offer 528 sq ft of living area and the two larger cottages offer 704 sqft of living area. Each cottage features two bedrooms and one full size bath and a private outdoor shower. Each Cottage has its own unobstructed view of the river in one direction and the mountains and waterfalls in the opposite direction.

The property sits along the main strip of shopping, dining and other amenities that give the town of Hanalei its beloved character. The Hanalei River bordering the property is designated
an American Heritage River and the famous Hanalei Bay is only a few minutes away by car or canoe.

This rare opportunity awaits, have your slice of paradise today!


 
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