734 & 735 Kihapai Place, Kailua, HI 96734

$5,000,000
Sold Price
$5,000,000
List Price
$4,999,999
MLS#
202306684
Days on Market
100
Closing Date
Aug 31, 2023
Status
SOLD
Type
Land
Land Area
24,593
Land Tenure
FS - Fee Simple
Neighborhood
Coconut Grove
Foreclosure
Yes

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.

Additional Information

Island
Oahu
Utilities
None
View
City, Mountain, Other
Easements
None
Elementary School
Kailua
Middle School
Kailua
High School
Kailua
Lot Size
24,593
Possible Use
Duplex, Multi Family, Single Family
Mls Area Major
Kailua
Neighborhood
Coconut Grove
Frontage
Ocean
Tax Amount
$896
Sewer
None
Lot Features
Clear
Restrictions
None
Foreclosure
Yes
Assessed Total
2926000
Assessed Land
2926000
Zoning
12 - A-2 Medium Density Apartme

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Standard Management LLC. Selling Office: Non-MLS.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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