North Kona Land Sold: , North Kona, in Big Island of Hawaii

SOLD
MLS: 670642

Asking Price: $3,250,000 Fee Simple
Sold Price: $3,050,000
Sold Date: 02/13/2024
Type: Land
District: North Kona
Street:
Neighborhood: Hienaloli 1st - Puaa 3rd
Style: Vacant
Land Area: 6.56 Acres
Days on Market: 523
(The Price of the property was lowered by $3,745,000 on 08/15/2023)
Year Built: 0
Easements: Electric,Street Widening,Sewer
Zoning: CV-7.5
Roads: County,Major Thoroughfare,Paved
Land Recorded: Regular
Property Taxes: $27,923,.17
Assessed Value: $2,480,100
Assessed Ratio: 131.04%
Listing Courtesy: Pacific Realty Organization LLC
Terms Acceptable: Cash,Conventional

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Above and adjacent to Regency Hualalai in town center.

Priced for quick sale. Split-zoned: At 6.558 acres, this is the largest land parcel available in downtown Kailua-Kona. Split-zoned, with 3.331 acres lower portion (cleared area) zoned CV-10 (commercial/residentail) and 3.227 acres upper portion (not cleared, behind homes) zoned RM-2.5 (multi-family). Foreign owner bought pre-Covid to build hotel and housing (site plans available), plans have changed and land is for sale. Also suitable for condo project, apartment project, or care home. Comes with 50 water units. Suitable for Governor's Housing Emergency Proclamation candidacy or 201-H housing program.Great in-town location with views, easy access and walking distance to Alii Drive. Not in SMA area.

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