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Recreational & Residential Land for Sale in Captain Cook, Hawaii

87-2721 Hawaii Belt Rd, Captain Cook, HI 96704

$815,000
45.4 acres
Active sale
$184k drop
Est $5,985/mo

Rare 45.36-acre Big Island parcel with one of the most spectacular ocean and sunset views on the coastline of Captain Cook, offered at only $998,750! Perfect for a variety of buyers - investors, farmers, vacationers, or anyone dreaming of a private estate. Beautiful, generously sized acreage is full of potential: develop agriculture, build your dream home/business, or create a family compound or hold onto it for later use. The property features versatile topography, with gently rolling terrain, wooded sections, open grassy areas & a variety of mature trees and dense foliage. Sweeping up the mountain from the shoreline to the highway, the top of the property sits at approximately 1,200 feet in elevation. The bottom 1.4 acres along the shoreline is conservation land, while the remaining 43.96 acres are A-5 agricultural. Highlights: -Zoned A-5A; potential to subdivide the property (buyer to verify with Hawaii County) -Varied terrain: multiple building sites, wooded sections, open pasture -Improvements: previous listings assert that prior work was performed with a D8 cat on an approx. 80,000 reservoir but was never completed, a smooth, paved road at the upper portion exists, a foot trail to the ocean exists but has been overtaken by flora & there is old abandoned home near the top & quonset hut near the road, both in poor condition (see photos). -Utilities: electricity available -Recreation: world-class diving, snorkeling, kayaking, fishing, swimming & exploring the shoreline -Scenic value: unobstructed views of South Kona coast, whale & dolphin watching, & year-round sunsets -Location: 15 mins to Pebble Beach, 30 mins to shops & restaurants, 45 mins to Kona, 1 hr to airport This is a rare Big Island opportunity w/ privacy, natural beauty, & flexible potential for investment, lifestyle, or long-term living. Don't miss out on this 45-acre parcel with endless possibilities!

Location

Street address
87-2721 Hawaii Belt Rd
Community
Oleiomoana Homesteads
Elevation
683 feet
Coordinates
19.2877, -155.8812

Property details

Acreage
45.36 acres
Zoning
A-5A
MLS #
HIS 727634
Posted

Property taxes

2025
$5,888

Parcels

  • 3870130180000

Details and features

Listing

Type
Land

Lot

View
Ocean
Waterfront
Yes
Features
Grassy, Rocky, Wooded

Listing history

DateEventPriceChangeSource
Mar 25, 2026Price drop$815,000$183,750 -18.4%HIS
Feb 4, 2026New listing$998,750HIS
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This 45.36-acre property is located at 87-2721 Hawaii Belt Rd in Captain Cook, HI 96704. The property is available for sale for $815,000 with a price per acre of $17,967.

Checked 1 hour ago — Updated

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