2455 S Kihei Rd, Kihei, 96753

Vacant Land - Vacant Land For Sale in NONE

$14,900,000

Beds
Baths
370,260Sqft
Acres
Built
93DOM
MLS® #: 382951
Pending - Cont. To Show, 93 Days on Market

This is the former KAMAOLE GRAND 217 unit luxury condo development and near shovel ready. $6,200,000 has been spent on infrastructure including sewers, fire protection, three huge water meters, grading(needs to be regraded)and preliminary drawings but the current infrastructure is for the old 78 unit Aloha Village condominiums and incompatible with the current 217 unit plan. SMA is in place and ACTIVE. The North-South Collector road is in and finished. Final construction drawings are needed. This is a bank owned property. The property is zoned Hotel but designated multi-family in the Community Plan and that is cast in concrete. Short term rentals are NOT possible. All toll, there is not less than $15,000,000 spent on this property. There is also a water well for irrigation. Ingress/egress is from the North South Collector road. Right hand turn only onto Kihei road when exiting the property. Gentle slope to the top. Ocean views half way up and all the way from the top floors. Hundreds of thousands of dollars have been spent on architectural, planning, permitting, archeological, interest on loans for the past 11 years. If you have a developer who is capable of a project of this magnitude the pro formas will show the profit potential for this incredible development. The DROP BOX link is comprehensive. POF required and a letter of financial capability essential from the bank or financial institution, REIT, pension fund, insurance company funding the development. The price of the condos can be whatever the market will bear.

Price & Status History

Date Details
Status Changed from Active to Pending - Cont. To Show
Status Changed from Cntngnt Escrow Canceling to Active
Status Changed from Pending - Cont. To Show to Cntngnt Escrow Canceling
Status Changed from Active to Pending - Cont. To Show

Essential Information

MLS® #: 382951
Price: $14,900,000
Square Footage: 370,260
Acres: 8.50
Type: Vacant Land
Sub-Type: Vacant Land
Land Tenure: Fee Simple
Status: Pending - Cont. To Show

Community Information

Address: 2455 S Kihei Rd
Area: Kihei
Subdivision: NONE
City: Kihei
State: Hawaii
Zip Code: 96753

Amenities

View: Ocean
Is Waterfront: Yes
Waterfront: Across Street from Ocean

Additional Information

Listed By: Royal Realty LLC
Date Listed: May 20th, 2019
Days on Market: 93
RE / Bank Owned: Yes
Monthly Maintenance Fees: $0.00
Division: 2
Zone: 3
Section: 9
Plat: 020

Financials

$/SqFt: $40

This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification.


You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon.


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