68-1529 Auwaiakekua Pl, WAIKOLOA, HI 96738

Property Description

Location, Location, Location!! Unlock one of Waikoloa Village's most dynamic development opportunities! This rare 10.75-acre corner parcel sits at the intersection of Auwaiakekua Place and Paniolo Ave, directly across from Waikoloa Highlands and the brand-new Waikoloa Plaza shopping center, a 136,000+ sq. ft. retail hub on 18 acres anchored by Foodland, Ace Hardware, Popeyes, and more. Bordering the Waikoloa Equestrian Center and just steps from KTA, restaurants, banking, and essential services, the property offers exceptional visibility and convenience. Paved road frontage on Paniolo Avenue and Auwaiakekua Place ensures excellent access, while the nearby Na Hale Makoa workforce housing project highlights the area's strong growth trajectory. The County has confirmed this parcel could be subdivided into two 5-acre lots, giving buyers flexibility for phased development or resale. Currently zoned AG-5, the property is surrounded by parcels that already support RA, RM, and commercial uses. This opens the door for multiple possibilities, including a single-family subdivision under RA-1 or RA-0.5 zoning, multifamily housing. An added bonus is no HOA, providing greater flexibility for future development and ownership. Water and electric utilities are available to the property, making it even more development-ready. The owner is also open to seller financing (PMM), creating an excellent opportunity for qualified buyers seeking flexible financing options. Large, developable acreage in Waikoloa Village is incredibly rare. With strategic rezoning, this parcel could position for resale in the $2.7M to $4.3M+ range. For comparison, residential lots of less than half an acre here trade between $275K and $500K, while finished homes often sell from $875K to $1.2M. This property isn't just raw land, it's a launchpad for bold vision in one of the Big Island's fastest-growing communities.