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MLS: 666760
Asking Price: $495,000 Fee Simple
Sold Price: $475,000
Sold Date: 08/17/2023
Type: Land/Residential Condo
District: Kawaihau
Neighborhood: Kulana Subdivision
Monthly Association Fee: $400
Style: Vacant
Land Area: 3.36 Acres
Days on Market: 547
(The Price of the property was lowered by $155,000 on 07/20/2023)
Year Built: 0
Easements: Electric,Telephone,Water
Zoning: A
Roads: County,Private,Paved
Land Recorded: Regular
Property Taxes: $2,429
Assessed Value: $596,000
Assessed Ratio: 83.05%
Listing Courtesy: eXp Realty
Terms Acceptable: 1031 Exchange,Cash,Conventional,PMM
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Kauai Planning Commission (10/11) approved all Kulana-related subdivisions.

Welcome to Kulana, Kauai's exclusive agricultural condominium 100 home-site community of approximately 400 acres. Unit 16D is positioned to provide privacy & seclusion. The owners forward thinking lead to the planting of 16 different fruit trees to create an orchard of favorite fruits. See the attached adenda showing trees and feet between trees.
Community amenities include a recreational lake, many acres of open space, and many other natural areas that are located throughout Kulana. This will be a paradise for runners, joggers, cyclists, and horse lovers. Located less than a mile and a half from downtown Kapaa makes shopping, access to beaches, professional services and restaurants very convenient.
Each home site has the right to build a home and an agricultural building that could be used as a stable or for many other applications. Underground utilities, design guidelines and community covenants provide assurance of beauty and value for the future. The home sites were strategically located by the Developer to maximize views, privacy, and spacing. Latest update: Today, 10/11/22, the Kauai Planning Commission approved all three Kulana-related subdivisions. Values of the Kulana properties may rise following the ability to obtain a building permit. Now may be the ideal time to look at the Kulana project as an investment or your future homesite.
Seller financing at 35% down, 2 years at 5.5%.
Sale subject to HRS514B Hawaii Revised Statutes. The Subdivision fee has been paid by the Seller. All water dept. fees have been paid and the water meter has been installed.

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