74-5040 ANE KEOHOKALOLE HWY, KAILUA KONA, HI 96740

$2,250,000
List Price
$2,250,000
Price Change
▼ $250,000 1704504483
Days on Market
2606
MLS#
603139
Status
ACTIVE
Type
Land
Land Area
535,047
Land Tenure
Fee Simple
Neighborhood
Honokohau 2nd

Property Description

• Zoned for immediate development of single-family residential lots subject to civil plan approval. POLITICAL APPROVAL BY THE GOVERNMENT HAS BEEN OBTAINED. • The County of Hawaii has confirmed that $458,137.97 of costs paid by the owner can be applied to the fair share costs for road and traffic improvements as specified in Condition J(5) of Change of Zone Ordinance No. 99-61 (REZ 914). The credit runs with the land. • The owner has paid $116,550 in water commitment fees, which will be credited toward the facilities charges to provide water for the development of the property. • Zoning: Single-family residential minimum building site area 7,500 sq. ft. (RS-7.5) per Ordinance 99-61 approved May 13, 1999, and took effect subject to specific conditions on August 1, 2016. The condition can be met by obtaining Final Subdivision Approval for the first increment of the subdivision. For example, the first increment may be 10 to 20 homesite lots, with future increments planned on the remaining land area. Plan Unit Development (PUD): PUD Permit No. 61 dated September 15, 1999. Subject to specific conditions, the permit took effect on August 1, 2016. The PUD permit allows minimum building site areas of 4,000 square feet, among other variances from the County’s Subdivision Code. Water (71 Equivalent Units): The Department of Water Supply (DWS) of the County of Hawaii granted a commitment to supply 28,400 gallons per day or seventy-one (71) units of water at an average of 400 gallons per day (400gpd with 600gpd maximum as an equivalent unit). A water commitment deposit of $10,650 is required annually to maintain the commitment of the 71 EUs. The cumulative annual payments, currently $116,500, will be credited towards the final facilities charge for the development. Wastewater (Sanitary Sewer): The property is within the service area of Hawaii County's wastewater treatment system.

Additional Information

Solid Waste Disposal Trash
Private Contractor
Roads
County, Paved, State
Taxes Annual
$7799
View
Ocean
Zoning
RS-7.5
Lot Size
535,047
Lot Description Land
Grassy
Water
County, Municipal
Power
Overhead
Sewer
Sewer-Not Connected
Assessed Value
702700
Topography
Other (remarks)
District
North Kona

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Joel K. LaPinta.

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