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MLS: 706677
 
Asking Price: $8,650,000 Fee Simple
Type: Residential
District: Hanalei
Street: 5539 Weke Rd
Neighborhood: Hanalei
Beds: 4   Baths: 3
Living Area: 2,876 SF
Land Area: 0.77 Acres
Parking: Covered
Days on Market: 260
(The Price of the property was lowered by $350,000 on 07/09/2024)
Year Built: 1987
Zoning: O
Roads: County
Property Taxes: $54,261
Assessed Value: $6,643,700
Assessed Ratio: 130.2%
Listing Courtesy: Hawaii Life
Terms Acceptable: 1031 Exchange,Cash,Conventional
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All Homes For Sale in Hanalei

Multiple Homesite Riverfront Property in Hanalei

A rare offering in the iconic surf town of Hanalei, on the "Garden" island of Kauai. This centrally located, 4 bedroom / 3.5 bath beach house on Weke Road comes with an adjoining riverfront lot. The gently sloping vacant lot holds potential for two additional homes and a pool (to be confirmed with County). Create your dream compound a stone's throw from the beach.

This pairing of two parcels in the heart of Hanalei creates ample space in an optimal location. With the Weke Road Beach House parcel conveniently situated near the iconic Pine Trees surf break and the Waioli River Lot with ocean access via the tranquil Waioli River, the property is a canvas for the creation of an indoor and outdoor living space that celebrates the natural surroundings while embracing your personal vision.

The 2,876 sqft house features 4 bedrooms, 3.5 baths, a large usable loft, an outdoor shower and a garage. Second-floor decks and ground-floor lanais promote harmonious indoor and outdoor living, while upgrades such as refinished wood floors, new kitchen appliances and granite countertops enhance its appeal.

The half-acre Waioli River Lot is a unique blank canvas poised for the creation of a custom residence as well as an additional dwelling unit (ADU). Direct access to the river provides a personal playground for water-centric activities or peaceful days lounging by the water's edge. The combination of the two parcels creates the opportunity to extend the yard of the Weke Road Beach House, incorporating a pool or other creative elements.

This property presents a rare chance for you to shape your dream living space, perfectly aligning with your personal taste. Experience the joy of living in one the most sought-after neighborhoods on the North Shore with direct access to the activities, sights, and sounds that epitomize the quintessential beach life of Hanalei, Hawaii. Both parcels are located within the IRS Opportunity Zone.


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3 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
2684101/03/200105/13/2002$1,250,000$1,195,000
24650907/08/201112/26/2012$1,500,000$1,455,000
28880510/11/201606/23/2017$2,699,000$2,550,000

2 Comparable Homes Sold in Hanalei (Last 12 months)
Description List Date Sold Date List Price Sold Price
3 Bed 3 Bath04/03/202301/29/2024$4,400,000$3,950,000
4 Bed 4.5 Bath11/07/202301/23/2024$18,000,000$17,800,000
Average Price:  $10,875,000

 
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Copyright: 2014 by Hawaii Information Systems.
 
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