5-5501 KUHIO HWY, HANALEI, HI 96714

$1,600,000
3
BD
2
BA
1,088
SqFt
List Price
$1,600,000
Days on Market
11
MLS#
616910
Status
ACTIVE
Type
Single Family Residential
Bedrooms
3
Bathrooms
2
Living Area
1,088
Land Tenure
Fee Simple
Neighborhood
Hanalei

Property Description

Half acre parcel only 650 feet from Hanalei Bay, Kauai. Conditionally approved for a 2 lot subdivision (not CPR). Value is in the land, zoning and location. The two existing structures (Cottage and shed) are in very poor condition and will most likely be replaced when it's time to add on or develop this property into something more special. The cottage is currently rented for $1000 month-to-month lease. The dwellings are in very poor condition and will be shown to qualified buyers ONLY after they have viewed the YouTube video of the dwellings and have been qualified. The property can easily be seen on fairly short notice with an appointment. There is a dog so please do not go onto property without an appointment. Avocado, mango, lychee, papaya, banana, coconut, lilikoi, lime, and other flowering trees and plants. Property sold As-Is. The property will not qualify for conventional lending due to condition of the dwellings. Subdivision is pending permit approval. Seller will not install additional infrastructure needed for final approval (water meter and driveway approach). An outside party has expressed interest in partnering up with another investor/buyer (for the back lot) to finalize the subdivision and infrastructure improvements. Upon SD approval both subdivided lots may each qualify for house + ADU. Maps, conditional approval letters and partnership information is available. Please do not go onto property or disturb tenants or their dog without an appointment. Mahalo!

Additional Information

Solid Waste Disposal Trash
County-Charge
Roads
Paved, State
Parking
None, Other (remarks)
Taxes Annual
$6230
View
Mountain, Ocean, Waterfall
Appliances
None
Zoning
R-4
Design
Single Wall
Lot Size
21,780
Lot Description Land
Grassy
Water
Municipal
Power
Overhead
Window Coverings
None
Frontage
Highway/Freeway
Year Built
1959
Heating Cooling
None
Sewer
Cesspool
Assessed Value
1180500
Topography
Fairly Level, Level
Floor Covering
Resin Tile
Washer Dryer
None
District
Hanalei

Mortgage Calculator

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Calculator source: Real Geeks

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