2455 S KIHEI Rd, Kihei, HI 96753 (MLS # 382951)

Brought to you by Moffett Properties
Save to Favorites
Print
Share
Listing provided by Royal Realty LLC - Land Tenure:

PRICE $14,900,000 dsIDX morgage calculator
BEDS 0
BATHS 0 bath
HOME SIZE n/a
LOT SIZE 8.50 ac

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 most recent appraisal was $27,500,000 but seems too high. The North-South Collector road is in and finished. Final construction drawings are needed. This is a bank owned property. I sold the land to the prior owner in 2008 for $4,875,000. 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.

FORECLOSURE
This listing may be a bank owned (foreclosed) property.

DAYS ON MARKET 57 LAST UPDATED 7/10/2019
TRACT NONE YEAR BUILT 0
COMMUNITY Kihei STATUS Pending
PROPERTY TYPE(S) Lot/Land/Acreage


ADDITIONAL DETAILS
AREA Kihei
LOT 8.5 acre(s)
STYLE Vacant Land
SUBDIVISION NONE
VIEW Yes
VIEW DESCRIPTION Ocean
WATER County Water Meter Ins
WATERFRONT Yes
WATERFRONT DESCRIPTION Across Street from Ocean
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
 
*Estimate only

SATELLITE VIEW



 
CONTACT US ABOUT 2455 S KIHEI RD
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Buz Moffett to contact you even if your name is on a Federal or State "Do not call List".
Copyright 2019 – Realtors Association of Maui, Inc. All Rights Reserved
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. Featured properties may or may not be listed by the office/agent presenting this brochure.

This IDX solution is (c) Diverse Solutions 2019.