• 0 / 0
  • 6
  • 370,260
Active Status Land
Check Drive Time
See how long it takes to get to work. Change


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. According to the MAI appraisal another $2,000,000 is needed to regrade the property for the new plan. SMA is in place and ACTIVE. The most recent appraisal was $27,500,000. 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 just under $5,000,000. $6,200,000 has been spent on the infrastructure and several million more for the North-South Collector road and a myriad of other improvements. The property is zoned Hotel but designated multi-family in the Community Plan and that is cast in concrete. 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 ($90m+) the pro formas will show the profit potential for this incredible development. The Offering Memorandum 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 were below market for a fast sellout. All the pertinent documents, renderings, et al will be up shortly. Stay tuned

Address: 2455 S KIHEI Rd
State: HI
City: Kihei
County:
Zip Code: 96753
Neighborhood: Kihei
MLS#: 382530
MLS Area:

Price History

Date Price Event Change MLS#:
4/13/2019 $14,900,000 List Price 382530

Nearby Schools

Kamalii Elementary School(Preschool-5)
Horizons Academy(2-12)
Kihei Elementary School(K-5)
Montessori Hale O Keiki(Preschool-8)
Horizons Academy(2-12)
Lokelani Intermediate School(6-8)
Montessori Hale O Keiki(Preschool-8)
Horizons Academy(2-12)
Kihei Public Charter School(9-12)3

Interior Details

  • Appliances:
  • Features:
  • Furnished:
  • Floor Type:
  • Cooling:
  • Heating:
  • Other Rooms:

Exterior Details

  • Home Construction
  • Features:
  • WaterFront Description:Across Street from Ocean
  • Exposure:
  • Roof Type:
  • Garage Spaces:
  • Pool:No
  • Utilities:
  • Lot Description:

Community Details

Rental Information

  • Rental Income:$0
  • Rental Number:0
Property Information Last Updated: 4/19/2019 10:53:46 PM
Property Listed By Eric C. Ong


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. Copyright, 1995-2017, REALTORS (R) Association of Maui, Inc. All Rights Reserved.

>