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TWO HOMES OCEANFRONT PRIVATE 16 ACRE PROPERTY MAKAI of HONOKAA.

1) Makai home of more than 2,100 feet is a few hundred feet from the cliff edge. VERY QUIET. VERY PRIVATE. No neighbors - can't see another house. The only sound - the breeze whispering in the Ironwoods, and the surf on the rocks. Near the Cliff Edge and the Vast Pacific is a large level lawn for any type of gathering from weddings to drum circles. The light and airy, practical and comfortable 4-bedroom, 2-bath home, has an all Koa kitchen, koa interior trim, and a fireplace in the living room. From the generous plantation-style lanai look out over the lawn to the never-ending oceanview. The tip-top shape inside and out. A true sanctuary.

2) The Grand Mauka Resort-style 6,500sqft Estate House: Big Koa Kitchen. Grand High Ceilings. Big Bedrooms Wide Hallways. Big interior courtyard with a large 40 x 30 pool. Huge Ohia posts. Locally milled wood throughout. Ocean, coastline, and Maui views.
5 bedrooms. 4.5 baths. 3 fireplaces, guest wing/in-law unit, outdoor kitchen, and more...
Owner's description - attached.
Mauka Estate House has deferred maintenance and needs some TLC. It is a Beautiful Elegant Home, a Diamond in the rough - well worth polishing! This is an opportunity to create substantial equity (in its prime (and a softer market) was listed for $12M, in good condition was recently (2019) assessed at over $7.4M).
Rough Estimate Replacement Cost –
Raw Land = $1.6M, (low)
Estate House - 6,500 sqft @ $500 per sqft = $3.25M + lanais, courtyard ,and large pool,= $500K,
Makai house 2,100 sqft @ $300 per sqft =$650K
$1.6M + $3.25M + $500K + $650K =
Replacement Cost = $6,000,000. Minus costs to renovate = equity.

The high cost of materials and labor, plus the lengthy time required to permit and build a home, underlines the value of this property.

Once-in-a-lifetime comes an opportunity like this! Make it your own.

Property Details of 45-3514 Nanaina Kai Road

Property Details

Interior Features

Exterior Features

Map Location

Driving Directions

Listed by W Augustuz Elliott of Hamakua Coast Realty,Inc.

 "Based on information submitted to <PUT MLS NAME HERE> as of December 1, 2022 8:01 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

 
 

 

 

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