NOT LISTED FOR SALE

702 Mokuleia Place Unit 4 Lahaina, HI 96761

Kapalua Neighborhood

Estimated Value: $2,745,327

2.42 Acres
$1,134,435 Price per Acre
105,415 Sq Ft Lot

Last Sold April 16, 2021

Last sale price $2,000,000 $19 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $15,908/month

149 Days on Market

Highlights

  • Ocean View
  • Corner Lot
  • Steep Slope
  • 2.42 Acre Lot
  • Agricultural

About This Lot

As of April 2021

Talk about a rare Kapalua land opportunity to own one of the most sought-after views on Maui! This 2.43 acre gently sloped Plantation Estate is located on a quiet cul-de-sac and enjoys staggering views of the Pacific ocean and neighboring islands Molokai and Lanai, is close to world-famous surfing and snorkeling at Honolua Bay, the celebrated Plantation Golf Course and the breathtaking Kapalua sunsets. Kapalua Club memberships are available for this property which includes preferred access and discounts at the many Kapalua amenities including The Plantation Course, The Bay Course, The Spa Montage, The Kapalua Tennis Garden and the Beach Club and Restaurant for club members. This lot can be purchase with the adjoining lot with a 3 bedroom home for a 4.75 acre compound unlike any other.

Last Agent to Sell the Property

Dean Otto

Keller Williams Realty Maui-L License #RB-16575 Listed on: 09/26/2020

Keller Williams Realty Maui-L

Co-Listed By

Bonnie McCrystal

Keller Williams Realty Maui-Ka License #RB-23335

Last Buyer's Agent

Jane Ford

Coldwell Banker Island Prop-Ku License #RB-22728

Coldwell Banker Island Prop-Ku

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,955

Lot Details

  • 2.42 Acre Lot
  • Property fronts a private road
  • Corner Lot
  • Steep Slope
  • Cleared Lot

Schools

  • King Kamehameha Iii Elementary School
  • Lahaina Intermediate
  • Lahainaluna High School

Utilities

  • Underground Utilities
  • Private Water Source
  • Septic Tank
  • Phone Available
  • Cable TV Available

Additional Features

  • Ocean Views
  • Agricultural

Listing and Financial Details

  • Assessor Parcel Number 2420050570000

Property Details

Property Type

Land

Est. Annual Taxes

$8,955

Lot Details

0

Listing Details

  • Class: Vacant Land
  • District: Kapalua
  • Roads: Paved, Private
  • Type: Vacant Land
  • View: Ocean
  • Possible Use: Single Family, Farm, Nursery
  • Restrictions: Covenants
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 18.97

Utilities

  • Sewer: Septic Tank
  • Utilities To Site: Private Water, Telephone, Tv Cable, Underground Electricity
  • Water To Site: Private Water

Schools

  • Elementary School: King Kamehameha III Elementary
  • Middle School: Lahaina Intermediate
  • High School: Lahainaluna High
  • Elementary School: King Kamehameha III Elementary
  • High School: Lahainaluna High
  • Intermediate School: Lahaina Intermediate

Lot Info

  • County Zoning: Agricultural
  • General Land Class: Agricultural
  • Land Acres: 2.419995
  • Land Sq Ft: 105415
  • Topography: Gentle Slope, Steep Slope
  • Improvements: Underground Utilities, Curbs, Gutters
  • Lot Description: Clear
  • Lot Location: Corner
  • Number Of Lots In Listing: Two
  • Land Use: Agricultural, Residential

Tax Info

  • Tax Database Id: 1
  • Assessor Parcel Number: 2420050570000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2020
Closed on
Apr 13, 2021
Sold by
T H E Kukuiula Llc
Bought by
Houlne Tim and Houlne Kimber L
Seller's Agent
Dean Otto
Keller Williams Realty Maui-L
Buyer's Agent
Jane Ford
Coldwell Banker Island Prop-Ku
List Price
$2,500,000
Sold Price
$2,000,000
Premium/Discount to List
-$500,000
-20%
Current Estimated Value
$2,745,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$745,327
Avg. Annual Appreciation
8.90%

Purchase Details

Closed on
Jul 3, 2018
Sold by
T H E Real Estate Llc
Bought by
T H E Kukui Ula Llc

Purchase Details

Closed on
Aug 22, 2008
Sold by
Rippee Jeffrey G
Bought by
The Real Estate Llc

Purchase Details

Closed on
May 1, 2007
Sold by
Reiswig Leland Richard and Reiswig Lois Edith
Bought by
Rippee Jeffery G

Purchase Details

Closed on
Oct 28, 2002
Sold by
Makekau Stanley N B and Makekau Stanley
Bought by
Makekau Jeffery N

Purchase Details

Closed on
Dec 6, 1999
Sold by
Plantation Club Associates
Bought by
Reiswig Leland Richard and Reiswig Lois Edith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,500
Interest Rate
7.96%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Houlne Tim $2,000,000 Fnt
T H E Kukui Ula Llc $10,000 None Available
The Real Estate Llc $2,650,000 Tg
Rippee Jeffery G $2,500,000 Tg
Makekau Jeffery N -- --
Reiswig Leland Richard $735,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reiswig Leland Richard $369,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2021 04/16/21 Sold $2,000,000 -7.0% $19 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
01/27/2021 01/27/21 Price Changed $2,150,000 +14.7% $20 / Sq Ft
12/11/2020 12/11/20 Price Changed $1,875,000 -25.0% $18 / Sq Ft
09/26/2020 09/26/20 For Sale $2,500,000 -- $24 / 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 $8,955 $1,622,500 $1,622,500 --
2024 $8,955 $1,560,100 $1,560,100 --
2023 $7,142 $1,244,200 $1,244,200 $0
2022 $7,075 $1,232,500 $1,232,500 $0
2021 $7,136 $1,201,300 $1,201,300 $0
2020 $7,136 $1,201,300 $1,201,300 $0
2019 $7,784 $1,310,500 $1,310,500 $0
2018 $7,863 $1,310,500 $1,310,500 $0
2017 $9,001 $0 $0 $0
2016 $7,241 $1,279,300 $1,279,300 $0
2015 -- $965,800 $965,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 388749

Maui MLS (REALTORS® Association of Maui)

APN: 2-4-2-005-057-0000