Kauai Dreams Realty

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5-5501 Kuhio Hwy | Hanalei

for sale in Hanalei, Kauai, 96714 | MLS: 616910 | Active

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$1,600,000(fs)
Property Highlights
Payments: $7,674/mo (terms) Bedrooms: 3 Baths: 2 Living: 1,088 sq. ft. ($1,471/sf) Land: 0.50 ac. ($73/sf) Year Built: 1955 Days in MLS: 8 Page Views: 22 Save Favorite Request More Info
Property Details
Design: Single Wall Year Built: 1955 Floor Covering: Resin Tile Lot Description: Grassy Parking: None, Other (remarks) Predominant Topography: Fairly Level, Level Property Frontage: Highway/Freeway Road Type: Paved, State Views: Mountain, Ocean, Waterfall Water: Municipal Appliances: None Heating/Cooling: None District: Hanalei Subdivision: Hanalei Zoning Code: R-4 Taxkey (TMK): 4550060160000 Acceptable Terms: 1031 Exchange, Cash, PMM Land Tenure: Fee Simple Annual Property Taxes: $6,231

H
alf acre parcel only 650 feet from Hanalei Bay, Kauai. Conditionally approved for a 2 lot subdivision (not CPR). Value is in the land, zoning and location. The two existing structures (Cottage and shed) are in very poor condition and will most likely be replaced when it's time to add on or develop this property into something more special. The cottage is currently rented for $1000 month-to-month lease. The dwellings are in very poor condition and will be shown to qualified buyers ONLY after they have viewed the YouTube video of the dwellings and have been qualified. The property can easily be seen on fairly short notice with an appointment. There is a dog so please do not go onto property without an appointment. Avocado, mango, lychee, papaya, banana, coconut, lilikoi, lime, and other flowering trees and plants. Property sold As-Is. The property will not qualify for conventional lending due to condition of the dwellings. Subdivision is pending permit approval. Seller will not install additional infrastructure needed for final approval (water meter and driveway approach). An outside party has expressed interest in partnering up with another investor/buyer (for the back lot) to finalize the subdivision and infrastructure improvements. Upon SD approval both subdivided lots may each qualify for house + ADU. Maps, conditional approval letters and partnership information is available. Please do not go onto property or disturb tenants or their dog without an appointment. Mahalo!

Listing Brokerage: Hawaii Life Real Estate Brokers
It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin. ©2014 MLS Hawaii, Inc. All rights reserved. Listing information above provided by Hawaii Information Service, a Multiple Listing Service. This information is deemed reliable but is not guaranteed. Information was last updated: 2018-04-22 16:56:03

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