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

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Wednesday, July 9, 2025.  Information is deemed reliable but not guaranteed.  Copyright: 2025 by HiCentral MLS, Ltd.  Listing courtesy of Standard Management LLC