Rare Development Opportunity in Holualoa for Big Island Real Estate Investors
Calling all Investors! If you’re searching for an incredible Hawaii property that has potential to increase your investment, then this is a must see for you. Surrounded amongst mature tropical foliage and gardens, this Holualoa estate offers a rare opportunity for the akamai (smart) investor. With 5.54 prime Holualoa acreage, many possibilities exist for expansion and income.
Existing custom home on 1.87 acres (MLS# 262946)
The Holualoa estate consists of two separate tax map keys (or parcels):
- 1.87 acres – with custom 3 bed, 2 bath home & 800 sq.ft. coffee shack
- 3.67 acres – vacant land, sits directly above the first parcel
Level building site at the top of the upper 3.67 acre parcel
With Ag-1 zoning and no CC&Rs, there are numerous possibilities. You could live in the existing home while you build your dream home above, or build additional houses on the 3.67 acres to rent or sell while living in the existing home.
Graded road leading up to the top of the 3.67 acre parcel
A paved driveway takes you to the existing home. From there, a graded road continues up along the northern boundary of the property and takes you to the top of the 3 acre parcel. Here, you’ll find an expansive, level clearing that’s a perfect building site for a home. With some shrub and tree removal, there’s potential for ocean and coastline views.
Ocean and coastline views from the top of the 3.67 acres
This area is surrounded by bamboo, tropical foliage, and a large mango tree to create a feeling of privacy. You’ll also find some coffee trees interspersed throughout the upper parcel. The middle of the parcel offers more room for additional home sites, and dense foliage to create a buffer and privacy between the homes.
Cleared building site at the top with views to the South
Existing 3 Bedroom Custom Home
The existing 3 bed, 2 bath custom home is charming with an artistic flair. Soaring 22 foot high open wood beam ceilings and custom windows create an open and bright living space in this 1,860 square foot home. The kitchen is well-lit with natural light from a wall of windows, and french doors that lead onto the back patio and deck.
Expansive living room in the existing home
The master bedroom and lanai look over the manicured landscaping, and offer ocean views and a peaceful setting to enjoy your morning cup of Kona coffee. At the bottom of the property is a quaint 100-year-old 800 square foot coffee shack that is currently used as a game room and office. With electric and County water accessible to the upper lot, this one-of-a-kind property is offered for $995,000.
Ocean views and tranquil setting from the lanai of the existing home
Ideally Located Close to Holualoa Village
This property is conveniently located just minutes to historic Holualoa Village with its art galleries and restaurants, a short drive into Kailua Kona town, and close to the beautiful Pacific Ocean.
If you’d like to see this spectacular Big Island estate, please contact me at 808-256-1669 or Kristi@HawaiiLife.com.