65-1466 KAWAIHAE RD, KAMUELA, HI 96743

$5,200,000
13
BD
13
BA
13,660
SqFt
List Price
$5,200,000
Days on Market
45
MLS#
644134
Status
ACTIVE
Type
Single Family Residential
Bedrooms
13
Bathrooms
13
Living Area
13,660
Land Tenure
Leasehold
Neighborhood
Keanuiomano

Property Description

This iconic upcountry landmark residence in Waimea on the Big Island of Hawaii has long been an important part of the Island’s history. The exceedingly rare Leasehold, V-125 Resort zoning is in addition to the farming and ranching component the Big Island is famous for; this residential compound also presents opportunities for commercial usage. Consisting of 3 contiguous lots totaling approx. 11.3 acres, the main house w/10 bedrooms and bathrooms, 2 commercial kitchens, a Koa wood library/billiard room, a Honduran Mahogany wood cocktail lounge and bar, a grand dining room, and a stream side guest house of 3/3. Total approx. combined living space is 13,660. The highest and best use today may be to create a Family and Friends retreat and safe haven nurturing your family and community while establishing a farm to table lifestyle; this property allows for all of that. Acquired in the mid 60’s by Laurance Rockefeller as his private residence while he developed the famed Mauna Kea Beach Hotel, he knew a good ranch and beach property when he saw one. He hosted many famous people and dignitaries at this exclusive ranch estate including Kennedy’s and Kissinger’s while expanding greatly on the original 1897 plantation home. For the last 27 years the owner has stewarded the property and w/39 years left on the lease, is ready to graciously hand it off. The 2020 County of Hawaii combined tax assessed value for all 3 lots is $8,042,700; a commercial opinion of value came in at $8-12,000,000. The renovation cost of the asset has been factored into this historic new low list price. The property is approx. 5-20 minutes to the Gold Coast w/5-star hotels, world class golf and beaches, 2 Presidential-award winning college prep schools, Kahilu Performing Arts and N. Hawaii Community Hospital. Lease expires in June 2059; annual rent is currently $3,200.00 and will increase at $24 per acre every ten years. Current annual taxes as listed are for all 3 lots combined.

Additional Information

Solid Waste Disposal Trash
Private Contractor
Roads
Paved
Features
Ceilings-9'+, Built-in-Book Shelves, Exterior Lighting, Gazebo, Inventory, Landscaped, Meeting Room, Office, Recreation Area, Recreation Room, Storage Area, Other (remarks), Bar-Wet, Walking/Jogging Path
Parking
Detached, Other (remarks), Unassigned
Taxes Annual
$92892
View
Canyon, Mountain, Ocean Horizon, Pasture, Other (remarks), Sunset, Sunrise
Appliances
Double Ovens, Disposal, Dishwasher, Freezer, Refrigerator, Range/Oven, Range Hood, Other (remarks)
Zoning
V-1.25
Lot Size
493,535
Lot Description Land
Grassy, Rocky, Other (remarks), Wooded
Water
County, Municipal, Other (remarks)
Power
Gas
Frontage
Pasture, Preservation, Road/Street, River, Stream/Canal, Other (remarks)
Year Built
1936
Sewer
Cesspool, Septic
Assessed Value
1506700
Topography
Fairly Level, Gentle Slope, Rolling Terrain, Other (remarks)
Floor Covering
Hardwood
Washer Dryer
Dryer, Washer
District
South Kohala

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Corcoran Pacific Properties.

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