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Residential Land for Sale in Kailua-Kona, Hawaii

72-4027 Ke Ana Wai St, Kailua-Kona, HI 96740

$695,000
3 acres
Active
$54k drop
Est $5,220/mo

Makalei Estates #24. Discover a rare blank canvas in Makalei Estates-Kona's premier gated, up-country enclave of luxury Kona Coffee Estates. Set at a cool ~1,200 ft elevation on Hualalai's gentle western slope, this 3.02-acre lot delivers postcard sunsets and sweeping views of the Kona Coast. The north boundary adjoins a protected State forest, creating a forever-green backdrop and unspoiled view corridor, while neighboring parcels are all estate-sized, preserving privacy without isolation. The seller recently cleared the lot, making it easy for buyers to walk the property and experience the views firsthand-an ideal step toward visualizing a future home. Highlights include: - Build-friendly terrain with a mild slope suited for a level house pad, infinity pool, or terraced gardens. - First-class infrastructure with underground utilities, wide paved roads, and gated entry. - Up-country serenity and cooler temperatures just 15 minutes from Kailua-Kona town, beaches, dining, and airport. - Spectacular west-facing orientation for year-round sunsets. - Enduring value with the forest reserve ensuring lasting privacy and a natural soundtrack of birdsong. A grading permit was issued in 2008 but later expired, with no grading performed. If you're seeking an upscale setting where luxury living meets Hawaii's natural beauty, Lot 24 in Makalei Estates is ready to bring your vision to life.

Location

Street address
72-4027 Ke Ana Wai St
Community
Makalei Estates
Elevation
1,252 feet
Coordinates
19.739, -155.9873

Property details

Acreage
3.08 acres
Zoning
A-3A
MLS #
HIS 721018
Posted

Property taxes

2024
$5,712

Parcels

  • 3720150660000

Details and features

Listing

Type
Land

Lot

View
Forest, Ocean
Features
Cul-De-Sac

Structure

Water
Public

Listing history

DateEventPriceChangeSource
Oct 4, 2025Price drop$695,000$54,000 -7.2%HIS
Aug 19, 2025Price drop$749,000$10,000 -1.3%HIS
July 26, 2025Price drop$759,000$40,000 -5%HIS
June 25, 2025Relisted$799,000HIS
June 6, 2025Listing removed$799,000Listing agent
June 5, 2025Price drop$799,000$26,000 -3.2%HIS
May 29, 2025Price drop$825,000$25,000 -2.9%HIS
May 13, 2025New listing$850,000HIS
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This 3.08-acre property is located at 72-4027 Ke Ana Wai St in Kailua-Kona, HI 96740. The property is available for sale for $695,000 with a price per acre of $225,649.

Checked 39 mins ago — Updated

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