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SOLD
MLS: 631930
 
Asking Price: $2,600,000 Fee Simple
Sold Price: $2,225,000
Sold Date: 07/31/2020
Type: Residential
District: Hanalei
Street: 5-5075 Kuhio Hwy
Neighborhood: Hanalei
Beds: 2   Baths: 2
Living Area: 888 SF
Land Area: 9,513 SF
Parking: Covered,Detached
Days on Market: 1700
(The Price of the property was lowered by $350,000 on 12/03/2019)
Year Built: 2005
Zoning: O
Roads: Paved
Land Recorded: Regular
Property Taxes: $2,895
Assessed Value: $1,126,100
Assessed Ratio: 230.89%
Listing Courtesy: Hawaii Life
Terms Acceptable: Cash,Conventional
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Private Hanalei Oasis

Enjoy amazing waterfall and mountain views and privacy in this centrally-located Hanalei property. Located behind a high, gated lava-rock wall, this home takes full advantage of large open spaces and unobstructed views to the rear of the property. Namolokama, Hihimanu, and Hihiwai mountains provide a backdrop for the constantly changing display of light, waterfalls and clouds right out your back door.

This is the perfect place to enjoy one of Hawaii’s truly iconic surf towns. The private yet central location in Hanalei town is within minutes walking or biking to Hanalei shops, restaurants, farmer’s market, beaches, surf, and fun.

Hanalei is in the Opportunity Zone tax classification, which offers tax and investment benefits. Also, an additional structure can be added to meet the new owner’s needs. Current owners previously obtained SMA approval and building permits from the County of Kauai to add a fully legal guest house with garage below. Beautiful, complete architectural guest house plans were developed by Cogent Design. The main home could be raised, providing yet more covered area below. There is potential for a commercial use permit for this property, given the zoning and other similar uses in the Hanalei area. Owner has consulted with attorneys.

Note that the current owner did not actually build the guest house/garage and the permits expired. New owners must re-apply, however this does allow for more customization of the guest house to meet specific needs and style. Seller will supply the full set of previously permitted building plans and documentation of previous SMA approval. Please inquire with the listing agent for more information on any of the above-mentioned options.


Most of Hanalei doesn’t even realize this special property is hidden behind the Tongan-crafted lava rock wall. The beauty of this setup is total access to Hanalei lifestyle, and the ability to quickly retreat to your own private oasis.


 
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