$10,400,000
SOLD NOV 17, 2016

5380 Weke Rd Hanalei, HI 96714

5 Beds
5 Baths
3,554 Sq Ft
0.39 Acres

Recently Sold

$2,926 Per Sq Ft

17% Below List Price

497 Days on Market

Highlights

  • Ocean Front
  • Level Lot
  • 2-minute walk to Hanelei Beach
  • Wood Flooring
  • Grass Covered Lot

About This Home

As of October 2020

Located front & center, right in the heart of Hanalei Bay and its vibrant surf culture, these two beachfront homes beckon their occupants to immerse themselves in the sun, sand, and surf of Kauai’s North Shore. Gazing out at the azure waters of Hanalei from the living room, it is virtually impossible not to kick off your shoes and dive into the daily adventures that beckon. Right out front, the world-famous Pinetrees surf break is a proving ground for champion surfers and beginners alike.

As an added bonus, both homes are licensed vacation rentals with high occupancy rates and a steady stream of income, making them preferred properties. With many repeat guests returning year-after-year, the walls of these island-style homes are filled with warm memories and the echos of laughter. It is just a short stroll into the quaint center of Hanalei town where you will find boutique shopping, dining, schools, and weekly farmers markets that are overflowing with local, organic produce. One can quite easily spend days, if not weeks in Hanalei without the need for a car.

The main 2-story residence is surrounded by lush, tropical foliage. This 4-bedroom, 3-bath home of approximately 2,230 square feet features a spacious living room, kitchen, and master bedroom on the upper level, each boasting panoramic views of the ocean. Other features include shaker style cabinetry, stainless steel appliances, and a large lanai.

The rear house is a 2-story, 1-bedroom, 1.5-bath home of approximately 1,330 sqft. with a family room and open-air lanais on either side. This smaller cottage takes in incredible views of the mountains and waterfalls, which encircle Hanalei Bay, as well as a glimpse of the ocean.

A great family compound and an idyllic vacation retreat with nothing but a wide green lawn between you and being barefoot on the beach. Come and discover the magic of Hanalei that can be yours…

Last Agent to Sell the Property

Tiffany Spencer

Hawaii Life Brokerage Phone: 8086525264 License #RS-62202 Listed on: 04/13/2015

Hawaii Life

Last Buyer's Agent

Neal Norman

Hawaii Life License #RB-18048

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,016

Year Built

  • Built in 1979

Lot Details

  • Ocean Front
  • Property fronts a county road
  • Level Lot
  • Grass Covered Lot

Parking

  • Unassigned Parking

Home Design

  • Double Stud Wall

Interior Spaces

  • 3,554 Sq Ft Home
  • Drapes & Rods
  • Blinds
  • Ocean Views

Kitchen

  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Underground Utilities
  • Septic Tank
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • Hanalei Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 8-A
  • Assessor Parcel Number 4550030060000

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,016

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Road Frontage Type: HIS Almost Oceanfront
  • ResoLotFeatures: Grassy
  • Attribution Contact: 8086525264
  • Co List Office Phone: 8006675028
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: HANALEI
  • Living Area: 3554.0
  • Property Attached Yn: No
  • Reso Window Features: Blinds, Drapes
  • Year Built: 1979
  • Tax Year: 2014
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: County-Charge
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable, Wireless
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Total Bathrooms: 3
  • Design: Double Wall

Exterior Features

  • Topography: Level
  • View: Ocean
  • Waterfront: No
  • Roads: County

Garage/Parking

  • Parking Features: Unassigned

Utilities

  • Cooling: Cash
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Phone Available, Underground Utilities, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: O
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 4550030060000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 38016.0
  • Tax Lot: 8-A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2019
Closed on
Oct 14, 2020
Sold by
Leontine Llc
Bought by
5380 Weke Llc
Seller's Agent
Neal Norman
Hawaii Life
Buyer's Agent
Neal Norman
Hawaii Life
List Price
$15,900,000
Sold Price
$14,000,000
Premium/Discount to List
-$1,900,000
-11.95%
Current Estimated Value
$10,841,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,158,602
Avg. Annual Appreciation
-5.27%

Purchase Details

Listed on
Apr 13, 2015
Closed on
Nov 4, 2016
Sold by
Lmcd Llc
Bought by
Leontine Llc
Seller's Agent
Tiffany Spencer
Hawaii Life
Buyer's Agent
Neal Norman
Hawaii Life
List Price
$12,500,000
Sold Price
$10,400,000
Premium/Discount to List
-$2,100,000
-16.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Original Mortgage
$6,000,000
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2011
Sold by
Wisen Craig H and Wisen David P
Bought by
Lmcd Llc

Purchase Details

Closed on
Mar 24, 2011
Sold by
Wisen Matthew and Wisen Laura
Bought by
Wisen Craig H and Wisen David P

Purchase Details

Closed on
Dec 12, 2007
Sold by
Wisen Matthew
Bought by
Wisen Matthew and Wisen Laura
Source: Public Records

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Range of Values:

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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 $14,000,000 Tg
Warranty Deed -- Or
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $7,500,000 New Conventional
Previous Owner $6,000,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2021 01/21/21 Off Market $14,000,000 -- --
10/23/2020 10/23/20 Sold $14,000,000 -11.9% $4,098 / Sq Ft
09/07/2020 09/07/20 Pending -- -- --
11/11/2019 11/11/19 For Sale $15,900,000 +52.9% $4,655 / Sq Ft
02/15/2017 02/15/17 Off Market $10,400,000 -- --
11/17/2016 11/17/16 Sold $10,400,000 -16.8% $2,926 / Sq Ft
08/22/2016 08/22/16 Pending -- -- --
04/13/2015 04/13/15 For Sale $12,500,000 -- $3,517 / Sq Ft
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 $166,252 $13,669,600 $12,249,500 $1,420,100
2024 $166,252 $13,756,300 $12,249,500 $1,506,800
2023 $132,523 $13,454,100 $9,799,600 $3,654,500
2022 $127,108 $12,904,400 $0 $0
2021 $118,349 $12,015,100 $0 $0
2020 $116,025 $11,779,200 $7,513,000 $4,266,200
2019 $101,443 $10,298,800 $7,200,000 $3,098,800
2018 $49,942 $5,704,800 $5,047,800 $657,000
2017 $49,942 $5,643,200 $5,047,800 $595,400
2016 $49,746 $5,621,000 $5,047,800 $573,200
2015 -- $4,343,400 $0 $0
2014 -- $4,295,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 282740

Hawaii Information Service (MLS Hawaii)

APN: 4-5-5-003-006-0000