Lot sales in Kohala Waterfront have surged reporting 5 sales in the past three months compared to 3 in the previous 12 months; Two waterfront sales and 3 interior (3 of the 5 represented by yours truly).
About Kohala Waterfront
Kohala Waterfront is a small, gated community on the Kohala Coast just two miles from Mauna Kea Beach off the Akone Pule Highway headed north towards Hawi.
It boasts ocean and coastline/sunset views with the convenience of underground curb side utilities on a gently sloped hillside for optimal views from almost every lot, and access to a small black sand beach for the adventurous. Let’s not forget the spectacular whale and dolphin watching…some of the world’s best, along with the medley of tugs and kayakers.
The price range of available building sites/lots within this idyllic community ranges from $449,000 for a 22,000+ sq. foot lot on a somewhat steep lot in the middle of the development (MLS# 238764) to $1,199,000 for a 22,000+ sq. ft. oceanfront lot set on a cliff for optimal 180 degree views (MLS# 241947).
Value Purchases in Kohala Waterfront
The value purchases, however, are a new listing just 4 lots from the ocean’s edge on the last cul-de-sac in the development priced at $500,000 for 19,506 sq. ft. of very gradual/gentle slope buildable space (MLS# 254280) and a larger and somewhat steeper 1.38 acre lot at the top of the development (MLS# 248580).
We are seeing quite a lot more inquiries and activity on waterfront property as the savvy investor shifts once again to the tangible and portfolio holdings of low carrying costs of raw land. With homeowners association monthly dues at a low $380 compared to resort fees, these lots are definitely a bargain!
If you are interested in the building guidelines or development layout, please call or email me today!