Oceanfront property in Puako
A Puako oceanfront property (MLS# 218052) sold last week for $1,800,000 after being on the market for 447 days. The initial asking price was $3,375,000 in November 2008. The listing went through 2 price reductions and sold for $700,000 less than the final asking priceÂ ($2,500,000).
Puako is freeÂ of association dues and subdivision restrictions.
The size of the oceanfront houseÂ is 751 sq.ft. At this price you are not buying a house, you are investing in a property with a dream to build your own home.