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SOLD
MLS: 653965
 
Asking Price: $6,950,000 Fee Simple
Sold Price: $6,930,000
Sold Date: 12/10/2021
Type: Residential
District: South Kohala
Street: 69-1616 Puako Beach Dr
Neighborhood: Puako Beach Lots
Beds: 3   Baths: 3 Full / 1 Half
Living Area: 3,115 SF
Land Area: 16,697 SF
Pool: Yes
Parking: Detached
Amenities: Ceilings-9'+,Office,Smoke/Heat Detector,Skylight,Other (remarks)
Days on Market: 924
Year Built: 2021
Zoning: V-1.25
Roads: County,Paved
Property Taxes: $34,772
Assessed Value: $2,924,400
Assessed Ratio: 237.66%
Listing Courtesy: Corcoran Pacific Properties
Terms Acceptable: Cash,Conventional
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Puako #4 Oceanfront Resort Zoning, White Sand Beach, 3/3.5 NEW Construction

Puako is situated between the luxury 4- and 5-star resorts on the Gold Coast of the Big Island of Hawaii: the newer Mauna Lani Auberge Resort, the Fairmont Orchid, the famed Mauna Kea Beach Hotel, and the Westin Hapuna Resort. Puako is an oceanfront residential community where you will enjoy the same or better weather given this more northern location, lower density, and easy ocean access without the restrictions and high cost of a Homeowner Association. The zoning of V-1.25 (Resort-Hotel) allows for short term vacation rentals with County of Hawaii approval. Puako still remains today a very small and private beach enclave. The vision for this new home currently under construction is for a modern, contemporary beach house of clean lines and the highest quality construction and finishes floor to ceiling; modern luxury and Old Hawaii combined on one of the most formidable wide and deep white sand beaches in Puako. This is Puako at its finest in 2021-22 for the discerning Buyer; new construction is rare and from start to finish can easily take 2 to 4 years. Estimated completion is 90-120 days /- subject to Covid restrictions and limited county inspection availability. Views are of Maui, the Kohala mountains and Mauna Kea. Approx. 3,115 sqft. of living space, 3/3.5, huge oceanfront lanai of 1100 sqft., a 2-car garage for an approx. total of 4,791 under roof w/2 oceanfront primary suites. SMA has been received for a future 2nd garage of 616 sqft. w/a 1-bedroom, 1-bath above of 576 sqft. (If new owner decides to build this would bring the under-roof square footage to approx. 5,567 sqft.) AC w/5 zones, Ocala soaking tub, Hansgrohe, Toto and Emtek fixtures, Arhaus lighting, JennAir Noir appliances, California Closets and Monte Carlo fans. Large kitchen pantry w/workstation. If you know anything at all about Puako, you know this is an exceptionally rare offering and a once-in-a-lifetime opportunity.


 
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