734-735 Kihapai Place

Kailua, HI 96734

$5,000,000
Last Sold Price
24,593 / 0.56
Lot Size / Acres

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...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.
  1. Listed by Clint B Crawford • License #RS-79176 • Standard Management LLC • (808) 208-8107

Property Details for 734-735 Kihapai Place

View
City, Mountain, Other
Zoning
12 - A-2 Medium Density Apartme
Neighbourhood
COCONUT GROVE
Flood Zone
Zone AH
Land Tenure
FS - Fee Simple

Location

Add your commute
LISTING UPDATED: 08/31/2023 11:04 AM

Property Details for 734-735 Kihapai Place

StatusSold
MLS #202306684
Days on Market100
Taxes$896 / month
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLots/Land/Farm / Land
Year Built-
Lot Size0.56 AC
CountyHonolulu County

Location

Add your commute

Building Information for 734-735 Kihapai Place

Lot Size0.56 AC

Payment Calculator

$28,183 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,287

Property Taxes

$896

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 734-735 Kihapai Place

Summary
Location and General Information
  • Topography: Level
  • City: Kailua
  • County Or Parish: Oahu
  • State Or Province: HI
  • Location: Cul-De-Sac
Taxes and HOA Information
  • Tax Amount: $896.00
  • Tax Assessed Value: $2,926,000.00
  • Tax Assessed Value Improvements: $.00
  • Tax Assessed Value Land: $2,926,000.00
  • Tax Paid By Seller: Yes
  • Tax Year: 2022
  • Parcel Number: 1-4-3-058-066-0000
  • Additional Parcels: Yes
  • HOA YN: No
School Information
  • Elementary School: Kailua
  • High School: Kailua
  • Middle Or Junior School: Kailua
Property
Lot Information
  • Property Frontage: Ocean
  • Property Sub Type: Land
  • Property Type: Lots/Acres/Farms
  • Road Frontage: Paved Rd
  • Land Recorded: Land Court
  • Lot Features: Clear
  • Lot Size Area: 24593.0
  • Land Use: Hotel/Apt, Residential
  • Possible Use: Duplex, Multi Family, Single Family
Property and Assessments
  • Structures Present: No
  • Documents: Archaeological Survey, Building Plans, Environmental Assessment, Other, Soils Engineer Map
  • Improvements: Curbs
  • Photo Count: 6
  • Restrictions: None
  • Special Listing Conditions: Lender Sale
  • Disclosures: None
  • Foreclosure: No
  • Set Backs: C&C
  • Supplement Count: 1
  • TMK Area: 143
  • TMK Condo Property Regime Number: 0
  • TMK Division: 1
  • TMK Parcel: 66
  • TMKPLAT: 58
  • TMK Section: 3
  • TMK Zone: 4
Utilities
  • Utilities: None
  • Sewer: None
  • Utilities Meters: None
Interior and Exterior Features
Exterior Features
  • Easements: None
Agent
Sale and Listing
  • DOM: 100
  • Listing Service: Full Service
  • MLS: HI Central
  • MLS Area Major: Kailua
  • Status: Sold
  • Public Remarks: 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.

Property History for 734-735 Kihapai Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 734-735 Kihapai Place

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Charter - 5 to 12
Rating
School
Distance
Kailua Elementary School
PublicPK to 6

Kailua Intermediate School
Public7 to 8

Kalaheo High School
Public9 to 12

Hakipuu Academy
Charter5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Standard Management LLC, Clint B Crawford, License #RS-79176