Koloa Home Sold: 4050 OYAMA RD, Koloa, on Kauai

SOLD
MLS: 664997

Asking Price: $1,350,000 Fee Simple
Sold Price: $1,200,000
Sold Date: 08/14/2023
Type: Multi-Family
District: Koloa
Street: 4050 Oyama Rd
Neighborhood: Lawai Homesteads
Beds: 6 Baths: 2 Full / 1 Half
Living Area: 1,872 SF
Style: 2 Units
Land Area: 0.57 Acres
Parking: Unassigned
Days on Market: 597
(The Price of the property was lowered by $250,000 on 03/01/2023)
Year Built: 1958
Zoning: R-4
Roads: County
Land Recorded: Regular
Property Taxes: $6,031
Assessed Value: $925,600
Assessed Ratio: 145.85%
Listing Courtesy: Kauai Dreams Realty
Terms Acceptable: Cash,Conventional

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4050 Oyama Road, multi unit

2 homes and a studio. The front house is vacant. The back house and studio are tenant occupied. Property is 24,824 square feet and zoned R-4. If you do the math, the numbers say that the property should be subdivideable. But as you know it takes more than just numbers to subdivide on Kauai. Check with your consultant to see if this project is feasible for you. If subdividable then each lot should qualify for an ADU for a total of 4 residences. The property is mostly if not all level. There are mature vibrant fruit trees. There are 2 separate driveways for the 2 houses.
48 hours needed to show for back house. Easy to see front house.

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