Residential Land for Sale in Honolulu, Hawaii
5257 Kalanianaole Hwy Honolulu, HI 96821
AUCTION: BID 22-31 OCTOBER. Originally Listed For $5.9M. Starting Bid at Auction is now $2.5M. Rare Opportunity To Own Almost 1 Acre Oceanfront - Priced Under Tax Assessor's Value! This unique property features a charming Oceanside Cottage that was fully remodeled in 2020, and also a 29,000 sq ft Commercial Structure that has been home to many historic schools - including The Waldorf School and The Academy - offering versatile space for a variety of creative uses. With the flexibility to enjoy both the cottage and the historic structure, this R-10 zoned lot also offers the potential to reimagine this property into a custom luxury oceanfront estate, or even multiple homes of your design. When you start with an amazing Pacific Ocean view - extending from Aina Haina all the way to Portlock and Hanauma Bay Ridge - the possibilities are endless! Because the commercial structure is non-conforming, the buyer must do all due diligence on permits, zoning capabilities, and acquiring appropriate non-conforming use certificates. Additionally, the actual property configuration does not agree with the public record data, the buyer must do their own due diligence. This property is sold As-Is.
Location
- Street Address
- 5257 Kalanianaole Hwy
- County
- Honolulu County
- Community
- Aina Haina Beach
- Elevation
- 3 feet
Property details
- Zoning
- 03 - R10 - Residential District
- MLS Number
- HICENTRAL 202414534
- Date Posted
Property taxes
- Recent
- $22,716
Parcels
- 1-3-6-002-035-0000
Detailed attributes
Listing
- Type
- Land
- Franchise
- RE/MAX International
Lot
- Views
- Mountain, Ocean
- Features
- Oceanfront, Waterfront
Exterior
- Features
- Level
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Nov 20, 2024 | Under contract | $3,880,000 | $1,380,000 55.2% | HICENTRAL |
Nov 2, 2024 | Listing removed | $2,500,000 | — | — |
Oct 24, 2024 | Price drop | $2,500,000 | $3,400,000 -57.6% | HICENTRAL |
June 22, 2024 | New listing | $5,900,000 | — | HICENTRAL |