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45-3514 Nanaina Kai Road

Honokaa, HI 96727
  • $3,900,000
  • STATUS: Active
  • ON SITE: 114 Days
  • MLS #: 660875
UPDATED: 39 min ago
$3,900,000
  • 9
    BEDS
  • 16.08
    ACRES
  • 6
    BATHS
  • 1
    1/2 BATHS
  • 8,736
    SQFT
  • $446
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2007
Area:

School Ratings & Info

Description

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.

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© 2022 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hawai'i Brokers. Data last updated: 2022-08-07T13:34:22.733.
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45-3514 Nanaina Kai Road Honokaa, HI 96727

  • Price: $3,900,000
  • Status: Active
  • On Site: 114 Days
  • Updated: 39 min ago
  • MLS #: 660875
9
Beds
6
Baths
1
½ Baths
16.08
Acres
8,736
SQFT
$446
$/SQFT
2007
Built
Neighborhood:
Haina Pali Kai Estates
Area:
Hamakua
Property Description
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.
Exterior Features

Design Double WallWood Frame Fence Wire Land Tenure Fee Simple Lot Description Grassy Ocean Front Y Pool Y Roads PrivatePaved Topography Gentle SlopeHilly Unit Description Single Family Home View CoastlineMountainOceanOcean HorizonPastureOther (Remarks)SunsetSunrise

Interior Features

Appliances DisposalDishwasherRefrigeratorRange/OvenOther (Remarks)Wine Cooler Fireplace Type Wood Burning Floors Ceramic TileHardwoodStone Washer Dryer DryerWasher Window Coverings BlindsDrapes

Property Features

Assessed Value 3006400 Assessment Year 2021 Distressed Standard Sale Features Ceilings-9'+Built-In-Book ShelvesOfficeSmoke/Heat DetectorCeiling-Vaulted Lava Zone 8 Lot Number 3 Oceanfront Unit Y Y Phone Service CellLand Line Power Solar/PhotovoltaicUnderground Property Type Residential Security Security Systems Sewer Cesspool Solid Waste Disposal None Tax Key 345002079 Taxes 17248.00 Terms 1031 ExchangeCashConventional Tv Availability Satellite Vehicle Parking CoveredAttached Water Municipal Zoning A-40A

Listing information © 2022 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Hamakua Coast Realty, Inc..


© 2022 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hawai'i Brokers. Data last updated: 2022-08-07T13:34:22.733.
 
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