Bought with Non-MLS
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Key Details
Sold Price $5,000,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Coconut Grove
MLS Listing ID 202306684
Sold Date 08/31/23
HOA Y/N No
Annual Tax Amount $10,752
Property Description
The offering consists of the extremely rare opportunity to acquire the fee simple interest in 24,593 square feet of A-2 (medium density apartment) zoned land in Kailua, on the island of Oahu. Included with the property are construction drawings for a 42-unit residential condo development. The property’s level site, size, and great location make it an excellent development opportunity for market rate residential condominiums in a submarket with tremendous demand. This is the last undeveloped A-2 zoned parcel of this size in Kailua and is priced below recent comparable sales making it a great opportunity for a developer. The property consists of 2 lots - TMK 1-4-3-58-65 & 1-4-3-58-66.
Location
State HI
County Oahu
Community Curbs
Area Kailua
Interior
Fireplace No
Exterior
Community Features Curbs
Utilities Available None, Sewer Not Available
View Y/N Yes
View City, Mountain(s), Other
Present Use Residential
Building
Lot Description Cleared, Cul-De-Sac, Level
Sewer None
Schools
Elementary Schools Kailua
Middle Schools Kailua
High Schools Kailua
Others
Tax ID 1-4-3-058-066-0000
Financing Cash
Special Listing Condition Real Estate Owned
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