734 & 735 Kihapai Pl
Kailua, HI 96734

For Sale
Sold
Sold Price
$5,000,000 (FS)
List Price
$4,999,999 (FS)
Property Type:
Lots/Acres/Farms
Bedrooms:
--
Full Baths:
--
Half Baths:
--
Land Area (sf):
24,593
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
----

Sale Conditions:

Lender Sale

Property Photo
MLS #:
202306684
Island:
Oahu
Region:
Kailua
Neighborhood:
COCONUT GROVE
TMK:
1-4-3-058-066-0000
List Date:
Date Sold:

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 INFORMATION:

Zoning:
12 - A-2 Medium Density Apartme
Furnished:
--
Year Built:
--
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$2,926,000
Assd. Val. Imprv:
$0
Assd. Val. Total:
$2,926,000
Tax Year:
2022
Monthly Taxes:
$896
Home Exempt.:
--

SCHOOLS:

Elem. School:
Kailua
Middle School:
Kailua
High School:
Kailua

OTHER PROPERTY FEATURES:

Frontage:
Ocean
View:
City, Mountain, Other
Pool:
--
Amenities:
--
Inclusions:
--
Security:
--
Assn. Fee Inclusions:
--
Other Fee Inclusions:
--
Lot Description:
Clear
Topography:
Level
Number of Stories:
--
Building Style:
--
Property Condition:
--
Construction:
--
Roofing:
--
Floor Covering:
--
Disclosures:
None
Possession:
--
Terms Accept.:
Cash, Conventional, 1031 Exchange
Land Recorded:
Land Court
Exclusions:
--
Easements:
None
Set-Backs:
C&C
Compensation*:
2
Compensation Type:
%

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Thursday, June 20, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Standard Management LLC