0000 Kenolio 383658

$1,250,000

  • District: Kihei
  • Address: 0000 Kenolio
  • Baths: 0.00
  • Living Area: 0 SF
  • Land Area: 105,241 SF
  • Property Type: Vacant Land
  • Potential Short Sale: No
  • View: Mountain/Ocean
A beautiful golden sand beach is right across the street. A 3/4" water meter is installed on the cul de sac. Most likely it can be upgraded to a larger meter. The property is zoned A-1 MULTI-FAMILY and has been plotted for 40 condos/apartments in three two story buildings. There are many studies that have been done; soils report, preliminary engineering, et al. Go to Assoc Docs. This would be a great site for an estate with two ohanas; OR, subdivide the property into four (4)1/2 acre lots or some other configuration. YOU DO NOT HAVE TO BUILD 40 UNITS. However, if you build affordable condos or rental apartments the county will fast track the project (most likely) and give you the all the water you need. Also, the county will give the developer 75% of the 40 units, i.e. 30 affordable housing credits that sell on the open market for $75,000 each or $2,250,000 plus the profit from the 40 units. The lot will need to be elevated and the fill for that will come from TMK:2-3-9-001-162 which is owned by the owner of TMK 19. An easement or some form of right of way will be granted to lot 19 for beach access. Access to lot 19 is via Heona Place cul de sac. This property is in the SMA district, is state zoned Urban, "Outside Protected Areas" in the Maui Island plan, Community Plan is Multi-family residential and the county zoning is A-1 Apartment. Flood hazard area zones and base flood elevations is ZONE AE (10'-11')

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This property is listed by eXp Realty
Bello Realty may represent you as Buyer's Representative.

Copyright 2007, Realtors® Association of Maui, Inc.
Information deemed reliable, however not guaranteed.
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