W Augustuz Elliott
guz808@gmail.com
(808) 938-9500
Hamakua Coast Realty, Inc.

45-3514 Nanaina Kai Road
$3,900,000
Price:
$3,900,000
Bedrooms:
9
Bathrooms:
6.01
MLS:
(CONTINGENT) 660875
Interior Area:
8,736 sqft
Price/sqft:
$446
Year Built:
2004
Lot Size:
16.08 acre(s)
Land Tenure:
Fee Simple
Property Type:
Single Family
On Market:
Apr 14, 2022
Updated:
Aug 18, 2022
Foreclosure:
Oceanfront:
Yes

Listing Remarks

TWO HOMES OCEANFRONT PRIVATE 16 ACRE PROPERTY MAKAI of HONOKAA.

1) Makai home of more than 2,100 feet is a few hundred feet from the cliff edge. VERY QUIET. VERY PRIVATE. No neighbors - can't see another house. The only sound - the breeze whispering in the Ironwoods, and the surf on the rocks. Near the Cliff Edge and the Vast Pacific is a large level lawn for any type of gathering from weddings to drum circles. The light and airy, practical and comfortable 4-bedroom, 2-bath home, has an all Koa kitchen, koa interior trim, and a fireplace in the living room. From the generous plantation-style lanai look out over the lawn to the never-ending oceanview. The tip-top shape inside and out. A true sanctuary.

2) The Grand Mauka Resort-style 6,500sqft Estate House: Big Koa Kitchen. Grand High Ceilings. Big Bedrooms Wide Hallways. Big interior courtyard with a large 40 x 30 pool. Huge Ohia posts. Locally milled wood throughout. Ocean, coastline, and Maui views.
5 bedrooms. 4.5 baths. 3 fireplaces, guest wing/in-law unit, outdoor kitchen, and more...
Owner's description - attached.
Mauka Estate House has deferred maintenance and needs some TLC. It is a Beautiful Elegant Home, a Diamond in the rough - well worth polishing! This is an opportunity to create substantial equity (in its prime (and a softer market) was listed for $12M, in good condition was recently (2019) assessed at over $7.4M).
Rough Estimate Replacement Cost –
Raw Land = $1.6M, (low)
Estate House - 6,500 sqft @ $500 per sqft = $3.25M + lanais, courtyard ,and large pool,= $500K,
Makai house 2,100 sqft @ $300 per sqft =$650K
$1.6M + $3.25M + $500K + $650K =
Replacement Cost = $6,000,000. Minus costs to renovate = equity.

The high cost of materials and labor, plus the lengthy time required to permit and build a home, underlines the value of this property.

Once-in-a-lifetime comes an opportunity like this! Make it your own.

Property Location



Public Reports

Other Details

Address: 45-3514 Nanaina Kai Road , Haina Pali Kai Estates 96727
Lat/Long: 20.09700909 | -155.45959283
Taxkey: 3450020790000
Lot Number: 3
Property Type: Single Family
Bedrooms: 9
Full Baths: 6
Half Baths: 1
Living Area: 8,736 sqft
Land Area:
Oceanfront Parcel: Y
Pool: Y
Annual Tax: $17,248
Assessed Value: $3,006,400
Assessment Year: 2021
Zoning: A-40A
Assessed Land Value: $55,700
Assessed Improvements Value: $4,848,100
Annual Tax (Year): 2015
Garage Area: 0 sqft
Car Storage:
  • Covered
  • Attached
Appliances:
  • Disposal
  • Dish Washer
  • Refrigerator
  • Range/Oven
  • Other
  • Wine Cooler
Design:
  • Double Wall
  • Wood Frame
Features:
  • 9 Foot Ceilings
  • Built-in Book Shelves
  • Office
  • Smoke/Heat Detector
  • Vaulted Ceilings
Fencing:
  • Wire
Floor Covering:
  • Ceramic Tile
  • Hardwood
  • Stone
Lot Description:
  • Grassy
Roads:
  • Private
  • Paved
Security:
  • Security Systems
Topography:
  • Not Available
TV Availability:
  • Satellite
Unit Description:
  • Single Family Home
Washer/Dryer:
  • Dryer
  • Washer
Sewage:
  • Cesspool
Window Coverings:
  • Blinds
  • Drapes
The View:
  • Coastline
  • Mountain
  • Ocean
  • Ocean Horizon
  • Pasture
  • Other(remarks)
  • Sunset
  • Sunrise
CSB** : 2.5%
** Cooperating Broker Compensation: The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.