$15,088,767
SOLD FEB 5, 2021
13 Acres
$1,160,674 Price per Acre
566,280 Sq Ft Lot

Recently Sold

25% Below List Price

389 Days on Market

Highlights

  • Waterfront
  • Stone Wall
  • Grass Covered Lot
  • Cul-De-Sac
  • Gentle Sloping Lot

About This Lot

As of February 2021

This Listing is in escrow; however, the Seller has reserved the right to continue to market the property and receive back-up offers.

Listed as a bulk offering at $19,000,000, Makahuena Estates consists of 10 subdivided lots ranging in size from 1.001 acres to 1.535 acres. The Seller has completed the infrastructure improvements, received Final Subdivision Approval from the County of Kauai and further improved the property with hand sculpted lava rock walls. All 10 lots are available for the development of single family homes.
Makahuena Estates is a breathtaking 13 acre oceanfront development on Kauai’s southern coastline within the Poipu Beach Resort area. The development is the first release of oceanfront acreage in decades and considered a one-of-a-kind in Poipu Beach.

In addition to its exceptional features, a unique benefit to Makahuena Estates is the placement of lots 1-8 and lot 10 within Kauai’s Visitor Destination Area (“VDA”), allowing these properties the opportunity to rent homes on a vacation rental basis.

Tax Map Keys and lot sizes are as follows:
4-2-8-21-411.24 ac
4-2-8-21-691.03 ac
4-2-8-21-701.0010 ac
4-2-8-21-711.0010 ac
4-2-8-21-721.13 ac
4-2-8-21-731.10 ac
4-2-8-21-741.54 ac
4-2-8-21-751.12 ac
4-2-8-21-761.0040 ac
4-2-8-21-771.11 ac
Roadway Lot41,208 sqft

A comprehensive due diligence packet is available to qualified Buyers inclusive of County approvals, maps, shoreline certification and more.
Real Property taxes shown $90,515 cover all 10 lots
The information herein is provided without warranty or guaranty of any kind. Buyers shall independently verify all information related to the purchase pursuant to the Purchase Contract.

Last Agent to Sell the Property

Hannah Sirois

COMPASS Brokerage Phone: 8086392367 License #RB-15263 Listed on: 08/01/2019

COMPASS

Last Buyer's Agent

Hannah Sirois

COMPASS Brokerage Phone: 8086392367 License #RB-15263 Listed on: 08/01/2019

COMPASS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $90,515

Lot Details

  • Waterfront
  • Property fronts a private road
  • Cul-De-Sac
  • Stone Wall
  • Gentle Sloping Lot
  • Cleared Lot
  • Rocky Terrain
  • Grass Covered Lot

Utilities

  • Underground Utilities
  • Sewer Not Available

Community Details

  • Makahuena Estates Community
  • Makahuena Estates Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 4280210410000

Property Details

Property Type

Land

Est. Annual Taxes

$90,515

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub-Type: HIS Vacant Land
  • Reso Fencing: Stone
  • ResoLotFeatures: Cleared, Cul-De-Sac, Grassy, Rocky
  • Attribution Contact: 8086392367
  • Co List Office Phone: 8085892040
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: MAKAHUENA ESTATES
  • Tax Year: 2020
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Other (remarks)
  • HIS_Easement: Other (remarks)
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Topography: Gentle Slope
  • Waterfront: Yes
  • Roads: Paved, Private

Utilities

  • Cooling: Cash
  • Sewer: None
  • Utilities: Electricity Available, Underground Utilities

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Project: Makahuena Estates

Lot Info

  • Zoning: O
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 4280210410000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 90515.0
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2019
Closed on
Jan 25, 2021
Sold by
Ciri Land Development Co
Bought by
Makahuena Preferred A Llc and Makahuena Capital A Llc
Seller's Agent
Hannah Sirois
COMPASS
Buyer's Agent
Hannah Sirois
COMPASS
List Price
$20,000,000
Sold Price
$15,088,767
Premium/Discount to List
-$4,911,233
-24.56%
Current Estimated Value
$3,921,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,167,767
Avg. Annual Appreciation
-25.93%
Original Mortgage
$2,150,000
Outstanding Balance
$1,937,297
Interest Rate
2.6%
Mortgage Type
Stand Alone First
Estimated Equity
$1,983,703

Purchase Details

Closed on
Mar 22, 1996
Sold by
United States Of America
Bought by
Ciri Land Development Company

Purchase Details

Closed on
Nov 1, 1994
Sold by
Poipu Suite Partners
Bought by
Pointe Resort Partners Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,300,000
Interest Rate
8.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed -- Tg
Quit Claim Deed $5,400,000 --
Warranty Deed $400,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,150,000 Stand Alone First
Previous Owner $30,300,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2021 05/06/21 Off Market $15,088,767 -- --
02/05/2021 02/05/21 Sold $15,088,767 -24.6% --
08/24/2020 08/24/20 Pending -- -- --
08/01/2019 08/01/19 For Sale $20,000,000 -- --
Source: Hawaii Information Service (MLS Hawaii)

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 $36,777 $4,708,200 $4,708,200 --
2024 $36,777 $4,708,200 $4,708,200 --
2023 $25,660 $4,708,200 $4,708,200 $0
2022 $19,257 $3,183,000 $0 $0
2021 $9,308 $1,538,500 $0 $0
2020 $9,308 $1,538,500 $1,538,500 $0
2019 $9,308 $1,485,400 $1,485,400 $0
2018 $39,487 $6,526,800 $6,526,800 $0
2017 $39,487 $6,526,800 $6,526,800 $0
2016 $39,487 $6,526,800 $6,526,800 $0
2015 $19,744 $6,526,800 $0 $0
2014 -- $6,526,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 631131

Hawaii Information Service (MLS Hawaii)

APN: 4-2-8-021-041-0000