NOT LISTED FOR SALE

Estimated Value: $4,191,018

1.71 Acres
$2,450,875 Price per Acre
74,488 Sq Ft Lot

Last Sold October 08, 2021

Last sale price $3,100,000 $42 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $25,341/month

575 Days on Market

Highlights

  • Property is near an ocean
  • Mountain View
  • Agricultural
  • 1.71 Acre Lot
  • Corner Lot

About This Lot

As of October 2021

A 1.7 acre flat lot, ready to build, in One Palauea Makena, a luxury gated enclave of 17 one-acre plus parcels. There are only 2 vacant lots left in this community and the surrounding properties are multimillion-dollar custom estates. To the South of the community is a 20-acre archaeological site, preserving the land, while creating a buffer, privacy and sense of space. Conveniently located directly across the street from the Fairmont Kea Lani hotel, below the Old Blue Golf Course and a short stroll to white sand beaches and Wailea's famed promenade. Seller will consider carrying a note, 25% down, 4% interest only with a 5 year balloon.

Last Agent to Sell the Property

Fred & Sara Romvari

Romvari Realty Ltd License #RB-22733 Listed on: 02/02/2020

Co-Listed By

Sara Romvari

Romvari Realty Ltd License #RS-58685

Last Buyer's Agent

Ryan MacLaughlin

Island Sotheby's Int'l Rlty(W) License #RB-21325

Island Sotheby's Int'l Rlty(W)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,929

Lot Details

  • 1.71 Acre Lot
  • Property fronts a private road
  • Property fronts an easement
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Natural Drainage

Schools

  • Kihei Elementary School
  • Lokelani Intermediate
  • Maui High School

Utilities

  • Underground Utilities
  • Phone Available

Additional Features

  • Mountain Views
  • Agricultural

Listing and Financial Details

  • Assessor Parcel Number 2210230310000

Community Details

Overview

  • Property has a Home Owners Association
  • $1,381 Maintenance Fee

Recreation

  • Property is near an ocean

Property Details

Property Type

Land

Est. Annual Taxes

$23,929

Lot Details

0

Listing Details

  • District: Wailea/Makena
  • Roads: Paved, Private
  • Type: Vacant Land
  • View: Mountain/Ocean
  • Possible Use: Single Family
  • Restrictions: Covenants
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 41.62

Exterior Features

  • Waterfront: Across Street From Ocean

Utilities

  • Sewer: Sewer County
  • Utilities To Site: County Water, Telephone, Underground Electricity
  • Water To Site: County Water

Condo/Co-op/Association

  • Other Monthly Fees: Associated Fee

Fee Information

  • Maintenance Fee Amount: 1381

Schools

  • Elementary School: Kihei Elementary
  • Middle School: Lokelani Intermediate
  • High School: Maui High
  • Elementary School: Kihei Elementary
  • High School: Maui High
  • Intermediate School: Lokelani Intermediate

Lot Info

  • Easements: Electricity, Drainage
  • General Land Class: Agricultural
  • Land Acres: 1.710009
  • Land Recorded: Land Court
  • Land Sq Ft: 74488
  • State Zoning: Agricultural
  • Topography: Level
  • Improvements: Underground Utilities, Access Roads, Curbs, Gutters
  • Lot Description: Clear
  • Lot Location: Corner
  • Number Of Lots In Listing: One
  • Land Use: Residential

Tax Info

  • Tax Database Id: 1
  • Taxes Per Month: 1146
  • Assessor Parcel Number: 2210230310000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2020
Closed on
Sep 22, 2021
Sold by
Chase Ventana Llc
Bought by
Butterflyfish Properties Llc
Seller's Agent
Fred & Sara Romvari
Romvari Realty Ltd
Buyer's Agent
Ryan MacLaughlin
Island Sotheby's Int'l Rlty(W)
List Price
$3,377,777
Sold Price
$3,100,000
Premium/Discount to List
-$277,777
-8.22%
Current Estimated Value
$4,191,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,091,018
Avg. Annual Appreciation
8.33%

Purchase Details

Closed on
Dec 28, 2009
Sold by
Chase Richard Lance and Chase Karla Rae
Bought by
Chase Ventana Llc

Purchase Details

Closed on
Jun 30, 2008
Sold by
Chase Farms Llc
Bought by
Chase Richard Lance and Chase Karla Rae

Purchase Details

Closed on
May 27, 2008
Sold by
Mcclendon Aubrey Kerr
Bought by
Chase Farms Llc

Purchase Details

Closed on
Dec 1, 2006
Sold by
Lindensouth Capital Inc
Bought by
Mcclendon Aubrey Kerr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,061,600
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
May 5, 2005
Sold by
Palauea Developers Llc
Bought by
Lindensouth Capital Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.02%
Mortgage Type
Unknown
Source: Public Records

Similar Property in Kihei, HI

  • 150 E Welakahao Rd, Kihei, HI 96753

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    • Land
    • 2 Acres
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    2 Acres in prime location of Central Kihei. 9 lot subdivision in process. Subdivision map attached. Build 9 homes with Ohanas or large estate. Engineering firm supplied upon request. SMA Approval and Archeological Approval. Seller is listor.

    Keith Zielinski Pacific Shores Realty

    Section Image

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Butterflyfish Properties Llc $3,100,000 Tg
Chase Ventana Llc $1,000 None Available
Chase Richard Lance $1,000 None Available
Chase Farms Llc $5,550,000 Fidelity Natl Title Ins Co
Mcclendon Aubrey Kerr $2,800,000 Fidelity National Title Ins
Lindensouth Capital Inc $2,194,500 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Butterflyfish Properties Llc $75,000,000
Previous Owner Mcclendon Aubrey Kerr $19,061,600
Previous Owner Lindensouth Capital Inc $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $3,100,000 -8.8% $42 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
04/21/2021 04/21/21 Price Changed $3,400,000 +0.7% $46 / Sq Ft
01/14/2021 01/14/21 For Sale $3,377,777 +9.0% $45 / Sq Ft
01/14/2021 01/14/21 Off Market $3,100,000 -- --
02/02/2020 02/02/20 For Sale $3,377,777 -- $45 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,929 $4,168,900 $4,168,900 --
2024 $23,929 $4,168,900 $4,168,900 --
2023 $22,790 $3,970,400 $3,970,400 $0
2022 $19,855 $3,459,000 $3,459,000 $0
2021 $13,748 $2,314,500 $2,314,500 $0
2020 $13,748 $2,314,500 $2,314,500 $0
2019 $13,748 $2,314,500 $2,314,500 $0
2018 $11,569 $1,928,200 $1,928,200 $0
2017 $13,906 $0 $0 $0
2016 $14,187 $2,506,600 $2,506,600 $0
2015 -- $2,490,300 $2,490,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 385960

Maui MLS (REALTORS® Association of Maui)

APN: 2-2-1-023-031-0000