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SOLD
MLS: 643460
 
Asking Price: $16,500,000 Fee Simple
Sold Price: $16,500,000
Sold Date: 06/07/2021
Type: Residential
District: Hanalei
Street: 5372 Weke Rd
Neighborhood: Hanalei
Beds: 5   Baths: 5
Living Area: 2,992 SF
Land Area: 0.75 Acres
Parking: Unassigned
Days on Market: 1290
Year Built: 1924
Zoning: O
Roads: County
Property Taxes: $130,294
Assessed Value: $13,223,300
Assessed Ratio: 124.78%
Listing Courtesy: Oceanfront Sotheby's International Realty
Terms Acceptable: 1031 Exchange,Cash,Conventional
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Historic Hanalei Bay Multi-Family Estate

Hanalei Bay front and center multi-family estate! 2 Homes on 2 Lots with 2 separate TMK's, and 2 active Vacation Rental Permits. Double your pleasure and fortune with this incredible opportunity to acquire two of the most iconic and historic Hanalei Bay beach properties.

Main house sits on a 20,577 sq. foot lot and consists of 3 bedrooms and 3 bathrooms, a recreation pavilion, a bbq pavilion, and a standalone laundry pavilion. It has been expertly restored while maintaining the traditional Hawaiian feel and is loaded with old-world character and charm throughout, delivering a true and authentic Kauai experience.

Second house sits on an adjacent and separate 12,067 sq. foot lot and consists of 2 bedrooms and 1 bathroom upstairs. Downstairs you'll find a garage as well as a manager's office with another bathroom. It also boasts views of Hanalei Bay, mountains, waterfalls and was constructed to match the charm and class of the main house.

Hale Ola, meaning "House of Health," was originally built for the first doctor on Kauai's stunning North Shore in the 1920s. This Hanalei Bay oceanfront property is situated on a rolling expanse of lawn next to the world-renowned Pinetree's beach park and famous surf breaks. Incredible sunset views expand from Hanalei Pier to countless waterfalls and majestic mountain ridge-lines known as Hihimanu, Namolokama and Mamalahoa. There are covered lanais throughout both homes to enjoy outdoor living. Both homes serve as active and successful vacation rentals. Future confirmed reservations to be honored.

Offering consists of two TVR-NC licensed homes on two separate lots being sold together. TMKs are 4-5-5-3-8 and 4-5-5-3-39.


 
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