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  • MLS® #: 382951
  • 2455 S Kihei Rd

  • Kihei, Hawaii 96753
  • $14,900,000   Fee Simple
  • Monthly Maintenance Fees $0
  • PENDING
  • 370260 SQ. Feet, 8.50 Acres
  • Vacant Land
  • Listed by: Royal Realty Llc

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 North-South Collector road is in and finished. Final construction drawings are needed. This is a bank owned property. 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.

Essential Information

  • MLS® #382951
  • Price$14,900,000  Fee Simple
  • Square Footage370,260
  • Acres8.50
  • TypeVacant Land
  • Sub-TypeVacant Land
  • StatusPending - Cont. To Show

Community Information

  • Address2455 S Kihei Rd
  • AreaKihei
  • SubdivisionNONE
  • CityKihei
  • NeighborhoodKAMAOLE 1&2
  • StateHawaii
  • Zip Code96753

Amenities

  • ViewOcean
  • Is WaterfrontYes
  • WaterfrontAcross Street from Ocean

Additional Information

  • Date ListedMay 20th, 2019
  • Days on Market92
  • RE / Bank OwnedYes

Public Records Information

County Tax Information

Property Location

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Price Change History for 2455 S Kihei Rd, Kihei, Hawaii (MLS® #382951)

Date Details Price Change
Pending - Cont. To Show
Active
Cntngnt Escrow Canceling
Pending - Cont. To Show (from Active)

Kihei Real Estate

South Maui Living

Kihei Real Estate Sales

Total Kihei Properties For Sale: 1,037
Average Asking Price: $755,098
Highest Listing Price: $24,000,000
Lowest Listing Price: $190,000

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Listings provided courtesy of the REALTORS® Association of Maui.

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, 1995-2015, REALTORS® Association of Maui, Inc. All Rights Reserved.