Land - KAMUELA, HI
Extraordinary Opportunity for an Investor or Home Builder within the Hapuna Gate of the Mauna Kea Resort!
16.9 acres Offered at $9,500,00
The Vista at Mauna Kea is fully entitled to create Mauna Kea’s next luxury home community. The site is approved to build 36 single-family residences within one of Hawaii’s most exclusive and legendary resorts. Every custom homesite averages 16,800 sf and will offer ocean, shoreline, golf and sunset views on the renowned Arnold Palmer Hapuna Golf Course. The price includes all approved plans to commence construction of community infrastructure and the rights to build homes. The typical finished home in the resort sell for between $2,800,000 and $3,900,000 and this extraordinary site is being offered at only $264,000 per homesite!
Currently, no other community is entitled for construction within the Mauna Kea resort, and a monopoly is almost assured for nearly two years. The Mauna Kea Resort is fabled for having the best beaches in all of Hawaii, and a vibrant and affordable golf membership with two iconic golf courses, and two equally iconic hotels. The resort is currently making a variety of substantial improvements for the benefit of all homeowners, including plans for a cart path program to afford easy access to the beaches.
A website with extensive due-diligence and budget documents is available.
HOA dues will be reduced in half upon completion of infrastructure.
The buyer has an option to have the Vista community join a 3-acre amenity center to be built on the D parcel at additional $1,000,000.
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