Finding vacant land at any price on Oahu can be challenging at times. So when an opportunity knocks, you had better answer. Nothing could be more true then the new listing located at 56-664 Kamehameha Hwy #2 in Kahuku HI 96731. Just a few minutes past Turtle Bay Resort and past a few of the most well-known shrimp trucks you will find the property. This is 6.693 acres of Leasehold land listed for $299K. Yes, you saw that correctly, almost 7 acres of farmland for under $300K on the North Shore of Oahu. The newly listed vacant land with MLS #202024654 is a rare find and a blank canvas.
This offering is, in part, from the state of Hawaii Department of agriculture and is zoned Ag-1. This allows a farmer to come in to plant and grow crops with some significant tax savings. This type of land use also offers for the owner to build a caretaker home on the land with again enormous tax benefits to the right owner. This does require approval and transfer of the land from the Department Of Agriculture.
Currently, the land is a blank canvas just waiting for a new owner to come in and develop the parcel. The land has been sitting with just a handful of hearty trees on-site and is waiting for its new set of crops. Some repairs are needed to fix or replace the irrigation system and some attention to the land is needed, but the sky is the limit. This is a great enclave of farmland and owners, many of which live on the properties. This complex is gated and does have a guard gate for added peace of mind when entering or exiting the development.
The location is perfectly tucked away from the hustle and bustle of the iconic NS surf spots and just minutes past the beautiful Turtle Bay Resort. All this is close to the ocean and right off Kam Hwy for ease of entry and egress. You can see the ocean from an elevated height on the property. The current lease is good through 2045 and is currently priced at $270 a month in an LH payment.
This is one of the lowest-priced parcels currently for sale on Oahu. An opportunity that clearly won’t last long. Do not hesitate to make this land and all the added benefits that come with it your own.
Please feel free to call, text, or email me anytime about this offering or any others on Oahu. I am always happy to help answer any questions and help with a sale or purchase.