Kailua, HI 96734,734 & 735 Kihapai PL
Listed by Standard Management LLC
Bought with Non-MLS
$5,000,000
Est. payment /mo
$4,999,999
Est.Price: ?

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SOLD DATE : 08/31/2023

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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Hawaii Central MLS (HiCentralMLS)
Lex Ferguson

Agent | License ID: RS-78101

+1(808) 277-4715 | lex@lifeonoahu.com

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