Land for Sale in Waikoloa, Hawaii

One of the last large, buildable parcels left in Waikoloa Village's path of growth.

10.75 acres of buildable land -- no HOA to navigate -- in one of South Kohala's fastest-growing communities, suited to a private homestead, an equestrian property, a multi-generational family compound, or a commercial venture positioned to grow with the area.

This 10.75-acre parcel sits inland in Waikoloa Village, in the South Kohala district of Hawaii Island, at the intersection of Auwaiakekua Place and Paniolo Avenue -- across Waikoloa Road from the Waikoloa Plaza shopping center, bordering the Waikoloa Equestrian Center, and across Paniolo Avenue from Waikoloa Highlands, with KTA, restaurants, and banking just steps away. The lot's current AG-5 zoning supports agricultural use today, while its size, corner location, and surrounding growth leave the door open to future commercial rezoning. The County has confirmed the parcel can be subdivided into two 5-acre lots, giving a buyer flexibility for phased development or resale.

The terrain is rocky with a gentle, rolling slope, light vegetation cover throughout, and a natural gulch running west to east through the property.

Acreage: 10.75 acres Current Zoning:AG-5 HOA: None

Subdivision potential: Confirmed by County -- two 5-acre lots

Utilities: Water - County water available along Paniolo Ave; allocation depends on use -- verify with County; Power - Available

Road access: Paved frontage on Paniolo Avenue; recorded easement on Auwaiakekua Place (platted, not yet constructed)

Flood zone: X Lava zone: 8

The parcel is currently zoned AG-5 (A-5a) under Hawaii County Code Chapter 25 -- the County's Agricultural district, designated for a five-acre minimum building site.

Permitted by right under current AG-5 zoning: a single-family or farm dwelling (plus an accessory dwelling unit), crop production and livestock, riding academies and boarding stables, agricultural tourism, roadside farm stands, apiaries, aquaculture, kennels, animal hospitals, and similar agricultural uses -- notably a natural fit given the property borders the Waikoloa Equestrian Center.

Possible with a special or use permit: bed & breakfast, guest ranch, home occupation, schools, medical clinics, day care, assisted living, and a handful of other conditional uses.

The surrounding area tells a different story than the zoning map alone: neighboring parcels already support RA (single-family residential), RM (multifamily), and commercial uses. That mix opens the door to potential rezoning paths -- a single-family subdivision under RA-1 or RA-0.5, multifamily housing under RM-3 or RM-5, or mixed-use live/work along the commercial frontage facing Paniolo Avenue. Conceptual planning has suggested the land could support as many as 30 residential lots, or a mix of 80+ multifamily units, depending on the zoning ultimately pursued -- figures that are illustrative only and not an entitlement or guarantee. Buyers should independently verify zoning, permitted uses, and any entitlements with Hawaii County Planning before making decisions based on this information.

Large, unimproved parcels of this size are increasingly scarce in this part of Waikoloa Village -- one of the fastest-growing communities on Hawaii Island. A homestead, an equestrian property, a family compound built for generations, or a commercial venture that grows alongside the area -- this lot's size, corner location, and confirmed subdivision potential leave room for more than one direction, whether that means building now or holding for a phased approach.

There's no HOA on this parcel -- no association approval process to clear before breaking ground, and no ongoing dues layered on top of property taxes. For a buyer planning to build, subdivide, or hold long-term, that means fewer hurdles getting started and a lower cost of ownership over time.

For comparison, residential lots under half an acre nearby have traded in the roughly $275,000-$500,000 range, and finished homes in the surrounding area have sold from about $875,000 to $1.2 million. Prior market analysis on this parcel estimated a potential resale value in the $2.7 million-$4.3 million+ range following successful rezoning. These figures are illustrative comparables, not guarantees -- any buyer pursuing rezoning or resale should confirm current comps and entitlement feasibility independently.