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SOLD
MLS: 705519
 
Asking Price: $850,000 Fee Simple
Sold Price: $840,000
Sold Date: 12/11/2023
Type: Land
District: North Kona
Street: 77-214 Ke Alohi Kai Pl
Neighborhood: Ke Alohi Kai Subdivision
Monthly Association Fee: $500
Style: Vacant
Land Area: 10,025 SF
Days on Market: 443
Year Built: 0
Zoning: V-1.25
Roads: Paved,Private
Land Recorded: Regular
Property Taxes: $4,998,.33
Assessed Value: $450,300
Assessed Ratio: 188.76%
Listing Courtesy: COMPASS
Terms Acceptable: 1031 Exchange,Cash
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Rare opportunity to own one or two contiguous parcels - resort zone in Kona

Seize the chance to own a piece of paradise with one or two adjacent lots in the exclusive Ke Alohi Kai oceanfront gated community in Kailua-Kona. Nestled within the coveted Resort Zone, this premier development offers a limited number of parcels, ensuring privacy and exclusivity for residents.

These desirable plots lie a mere stroll away from iconic beaches and a leisurely bike ride from the vibrant heart of downtown, where eclectic shopping and gourmet dining await. With the allowance for short-term rentals, these parcels present a golden opportunity for investors to capitalize on the flourishing vacation rental market.

Boasting established infrastructure and utilities, Ke Alohi Kai significantly reduces initial development expenses, offering a cost-effective pathway to constructing your bespoke coastal retreat or maximizing investment returns. As part of a subdivision that includes 15 distinguished lots, 7 of which are oceanfront, the potential to design and build a luxurious dream home bathed in Kona's renowned sunny climate.

Don't let this unparalleled opportunity to invest in Kailua-Kona's distinguished Ke Alohi Kai community slip through your fingers. Whether you're envisioning a private haven or a lucrative rental property, these lots promise a lifestyle and investment infused with the essence of Hawaiian luxury.


 
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