734 & 735 Kihapai Place, Kailua, HI 96734
- $5,000,000
- Sold Price
- $5,000,000
- List Price
- $4,999,999
- Days on Market
- 100
- Closing Date
- Aug 31, 2023
- MLS#
- 202306684
- Status
- SOLD
- Type
- Land
- Land Area
- 24,593
- Land Tenure
- FS - Fee Simple
- Neighborhood
- Coconut Grove
- Foreclosure
- Yes
Property Description
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.
Additional Information
- View
- City, Mountain, Other
- Zoning
- 12 - A-2 Medium Density Apartme
- Lot Size
- 24,593
- Frontage
- Ocean
- Sewer
- None
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Listing courtesy of Standard Management LLC. Selling Office: Non-MLS.
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