| MLS: 715536 (Active - For Sale) Asking Price: $40,000,000 Fee Simple Type: Land District: South Kohala Street: Neighborhood: Ainamalu At Waikoloa Beach Resort Style: Vacant Land Area: 238.05 Acres Days on Market: 23 Year Built: 0 Zoning: RM-6 Roads: Paved,Private Property Taxes: $155,162,.70 Assessed Value: $13,434,000 Assessed Ratio: 297.75% Listing Courtesy: Joel K. LaPinta Terms Acceptable: Cash,Conventional |
Resort Development Site, the potential for 381 more SF or MF Res Units.
Within the Resort Node, STVR allowed 420 single-family or multiple-family units, of which 39 were completed and sold. Offering includes 58 acres zoned RM-6 & RM-8, 4.853 acres Commercial CV-10, one house lot, and 175.64 acres Open District.
The property consists of 40 tax map key parcels.
The property is entitled to the development of up to 420 residences on 125 acres, for a total of 252 acres.
The property has been foreclosed and is now owned by the lender. The former developer obtained final subdivision approval for forty (40) lots in Phase 1 (Increment 1) and completed and sold 39 homes. One of the lots remains vacant and is owned by the lender. Phase 2 (Increment 3) consists of 8.622 acres, for which the former developer was granted final subdivision approval to create 20 homesite lots after entering into a subdivision agreement with the County and posting a 120% surety bond. The grading was completed for the twenty lots. The paved streets and utilities have not been installed.
The property presents an unparalleled opportunity to create a distinctive resort residential community on the Kona-Kohala Coast, situated within one of the most established resort destinations on the island of Hawai‘i.
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