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SOLD
MLS: 631131
 
Asking Price: $19,000,000 Fee Simple
Sold Price: $15,088,767
Sold Date: 02/05/2021
Type: Land
District: Koloa
Street: 1645 Pee Rd
Neighborhood: Makahuena Estates
Style: Vacant
Land Area: 13 Acres
Days on Market: 1701
(The Price of the property was lowered by $1,000,000 on 11/06/2019)
Easements: Other (remarks)
Zoning: O
Roads: Private,Paved
Property Taxes: $90,515
Assessed Value: $1,538,500
Assessed Ratio: 1234.97%
Listing Courtesy: Corcoran Pacific Properties
Terms Acceptable: Cash
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Makahuena Estates - a BULK SALE OFFERING of a Oceanfront 10 Lot Subdivision

This Listing is in escrow; however, the Seller has reserved the right to continue to market the property and receive back-up offers.

Listed as a bulk offering at $19,000,000, Makahuena Estates consists of 10 subdivided lots ranging in size from 1.001 acres to 1.535 acres. The Seller has completed the infrastructure improvements, received Final Subdivision Approval from the County of Kauai and further improved the property with hand sculpted lava rock walls. All 10 lots are available for the development of single family homes.
Makahuena Estates is a breathtaking 13 acre oceanfront development on Kauai’s southern coastline within the Poipu Beach Resort area. The development is the first release of oceanfront acreage in decades and considered a one-of-a-kind in Poipu Beach.

In addition to its exceptional features, a unique benefit to Makahuena Estates is the placement of lots 1-8 and lot 10 within Kauai’s Visitor Destination Area (“VDA”), allowing these properties the opportunity to rent homes on a vacation rental basis.

Tax Map Keys and lot sizes are as follows:
4-2-8-21-41 1.24 ac
4-2-8-21-69 1.03 ac
4-2-8-21-70 1.0010 ac
4-2-8-21-71 1.0010 ac
4-2-8-21-72 1.13 ac
4-2-8-21-73 1.10 ac
4-2-8-21-74 1.54 ac
4-2-8-21-75 1.12 ac
4-2-8-21-76 1.0040 ac
4-2-8-21-77 1.11 ac
Roadway Lot 41,208 sqft

A comprehensive due diligence packet is available to qualified Buyers inclusive of County approvals, maps, shoreline certification and more.
Real Property taxes shown $90,515 cover all 10 lots
The information herein is provided without warranty or guaranty of any kind. Buyers shall independently verify all information related to the purchase pursuant to the Purchase Contract.


 
This information has not been verified by the associate and should be
verified by the buyer. Information is deemed reliable but not guaranteed.
Copyright: 2015 by Hawaii Information Systems.
 
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use and may not be used for any purpose other than to identify prospective
properties consumers may be interested in purchasing.
 
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