0 Honoapiilani Hwy
$6,995,000 Fee Simple
11228897 Sqft, 257.78 Acres
Listed by: Maui Real Estate Advisors Llc
Rarely is there an Opportunity for a Prime Development parcel in Maui, conveniently located, with excellent access to the Central Maui business district, Kahului Airport as well as the major resort areas of Kihei, Wailea, Lahaina, and Maalaea. Approximately 257 agriculturally zoned acres offers many options for development. This could possibly be perfect for a large scale affordable housing project, rural, or agricultural subdivision. Stunning Ocean, South Shore, Molokini Crater, Kahoolawe, Central Valley & Haleakala views abound from every part of the property. Also, the property backs up to State of Hawaii preservation land which affords ideal privacy. There is a private water system in place consisting of three fresh water wells and a 750,000 gallon tank that can support approx. 1100 homes. Many of the consultants reports have already been prepared; archeological, traffic, water, environmental, and preliminary engineering. Work on the retention basins has been completed. Two existing traffic-signaled intersections are available for access into and out of the property. We are authorized by the Sellers to say that since the developer passed away recently, his family has no interest in pursuing further development of the property. They have invested over $17 million in the project. An iteration of the previous project had the support of the County of Maui Department of Housing & Human Concerns. Additionally, the Sale can potentially include 23 affordable housing credits that may be transferable from another project. Develop-able parcels of this scale and location are literally few and far between. Call to receive electronic links for the most recent Environmental Assessment documents.