45-3514 NANAINA KAI ROAD

HONOKAA, HI, 96727

$3,900,000

$446 per ft²
$3,900,000
$446 per ft²
Under Contract
Under Contract
 - For Sale
beds
9 Beds
baths
6.01 Baths
carpenters-square
8,736 ft²
property_type
Residential
calendar
Built 2007
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.
MLS® ID:
660875
Listed:
4/13/22
Updated:
9/24/22

Interior Features

Kitchen Appliances
Disposal, Dishwasher, Refrigerator, Range/Oven, Other (remarks), Wine Cooler
Total Bedrooms
9
Full Bathrooms
6
Half Bathrooms
1
Interior Features
Ceilings-9, Built-in-Book Shelves, Office, Smoke/Heat Detector, Ceiling-Vaulted
Floor Description
Ceramic Tile, Hardwood, Stone
Fireplace
Wood Burning

Exterior/Building Features

Lot Size
16.08 acres lot
Lot Details
Grassy
Sewer
Cesspool

Other Property Details

Area Name
Hamakua
Taxes
$17248.00
Tax Frequency
per YEAR
Garage
No
Parking
Covered, Attached
View
Y
Utilities
Power: Solar/Photovoltaic, Underground
Water Source
Municipal
Pool
Yes
Pool Description
Y
Zoning
A-40A

Property History

Date
Event
Price
Value
8/19/22
Under Contract
-
-

 

Courtesy of Hamakua Coast Realty, Inc., W Elliott

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