NOT LISTED FOR SALE

5480 Weke Rd Hanalei, HI 96714

Estimated Value: $4,278,000 - $17,102,084

2 Beds
2 Baths
2,182 Sq Ft
$4,811/Sq Ft Est. Value

Sale Details

Date Sold: January 14, 2022

Last sale price $14,050,000 $6,439 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $66,270 / mo

About This Home

As of January 2022

Lani Kai is a beautiful contemporary home resting right in the middle of Hanalei Bay with ocean and mountain views galore.

Last Agent to Sell the Property

Neal Norman

Hawaii Life Brokerage Phone: 8086511777 License #RB-18048 Listed on: 03/08/2022

Last Buyer's Agent

Neal Norman

Hawaii Life Brokerage Phone: 8086511777 License #RB-18048 Listed on: 03/08/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $99,798

Year Built

  • Built in 1977

Lot Details

  • 0.3

Home Design

  • 2,182 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Community Details

  • Hanalei Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 20
  • Assessor Parcel Number 4550040050000

Home Details

Home Type

Single Family

Est. Annual Taxes

$99,798

Year Built

Built in 1977

Lot Details

0.3 Acres

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: HANALEI
  • Living Area: 2182.0
  • Property Attached Yn: No
  • Year Built: 1977
  • Tax Year: 2021
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • Land Tenure: Fee Simple
  • HIS_SolidWasteDisposal: Other (remarks)
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Other
  • Total Bedrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Waterfront: No
  • Roads: Other

Garage/Parking

  • Parking Features: Other

Utilities

  • Cooling: Cash
  • Sewer: Other
  • Utilities: Other
  • Water Source: Other

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: O
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 4550040050000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 99798.0
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2022
Closed on
Jan 10, 2022
Sold by
He K2 Llc
Bought by
5480 Weke Road Llc
Seller's Agent
Neal Norman
Hawaii Life
Buyer's Agent
Neal Norman
Hawaii Life
List Price
$14,050,000
Sold Price
$14,050,000
Current Estimated Value
$10,497,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,552,639
Avg. Annual Appreciation
-6.57%

Purchase Details

Listed on
Feb 6, 2018
Closed on
Jan 29, 2018
Sold by
Ayeroff Jeffrey and Longbine Marty
Bought by
He K2 Llc
Seller's Agent
Neal Norman
Hawaii Life
Buyer's Agent
Neal Norman
Hawaii Life
List Price
$11,000,000
Sold Price
$10,550,000
Premium/Discount to List
-$450,000
-4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%

Purchase Details

Closed on
May 12, 2009
Sold by
Ayeroff Jeffrey and Longbine Marty
Bought by
Ayeroff Jeffrey and Longbine Marty

Purchase Details

Closed on
Nov 12, 2001
Sold by
T G Super Exchange Corp
Bought by
Ayeroff Jeffrey and Longbine Marty

Purchase Details

Closed on
Jun 4, 2001
Sold by
Norman Melissa and Garfinkle Benjamin
Bought by
T G Super Exchange Corp

Purchase Details

Closed on
May 30, 2001
Sold by
Norman Melissa
Bought by
Norman Melissa and Garfinkle Benjamin

Purchase Details

Closed on
Feb 28, 2001
Sold by
Deverill Christopher
Bought by
Norman Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 1999
Sold by
Deverill Christopher Dylan
Bought by
Deverill Christopher Dylan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
5480 Weke Road Llc -- Tg
He K2 Llc $10,550,000 Old Republic Title & Escrow
Ayeroff Jeffrey -- Tg
Ayeroff Jeffrey $2,300,000 --
T G Super Exchange Corp $3,000,000 Title Guaranty Escrow
Norman Melissa $10,000 --
Norman Melissa $1,750,000 --
Deverill Christopher Dylan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Norman Melissa $1,000,000
Closed Norman Melissa $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2024 10/21/24 Off Market $10,550,000 -- --
03/08/2022 03/08/22 For Sale $14,050,000 0.0% $6,439 / Sq Ft
01/14/2022 01/14/22 Sold $14,050,000 +33.2% $6,439 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
02/07/2018 02/07/18 Sold $10,550,000 -4.1% $5,547 / Sq Ft View Prior Sale
02/06/2018 02/06/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $11,000,000 -- $5,783 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

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 $127,385 $10,542,800 $10,127,000 $415,800
2024 $127,385 $10,570,500 $10,127,000 $443,500
2023 $100,767 $10,230,200 $8,101,600 $2,128,600
2022 $91,058 $9,244,500 $0 $0
2021 $99,798 $10,131,800 $0 $0
2020 $84,729 $8,601,900 $6,481,300 $2,120,600
2019 $84,729 $8,652,400 $6,211,300 $2,441,100
2018 $45,788 $5,499,100 $4,354,600 $1,144,500
2017 $45,788 $5,173,800 $4,354,600 $819,200
2016 $46,618 $5,267,600 $4,354,600 $913,000
2015 $16,372 $3,699,900 $0 $0
2014 -- $3,530,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Neal Norman

    Hawaii Life

    (808) 651-1777

    39 in this area

    120 Total Sales

    Neal Norman
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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 659475

Hawaii Information Service (MLS Hawaii)

APN: 4-5-5-004-005-0000

Hawaii Kauai County Hanalei 96714

5480 Weke Rd, Hanalei, HI

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IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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