MLS Number 202324493 For Sale
Let our Oahu real estate inspire you...
Fantastic opportunity to invest in a large estate conveniently located within minutes of the University of Hawaii, Kaimuki, Waikiki Beach and Ala Moana Center. Come and explore the possibilities of this 8.78 acre property in upper Palolo Valley consisting of approx. 3.4 acres zoned R-5 and approx. 5.37 acres preservation hillside. Currently an orchid farm, the property includes two homes: a 4 bedroom/2 bath with finished basement and outdoor shower, and a 2 bedroom/2 bath across the driveway. The third structure is a workshop with 1 bath on the ground level, and office spaces, storage room, kitchenette and bathroom on the top floor. Multiple greenhouses cover the remaining flat area. Waiomao Stream separates the rear part of the lot from the property's mountainside. The orchid business is available for purchase separately. The number of bedrooms and bathrooms shown in Mls do not match tax records. Offering price of $6,000,000.00 is firm.
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Property Type | Single Family |
| Bedrooms | 10 |
| Full Bathrooms | 6 |
| Interior Living Area | 5,912 sq. ft.
549.24 sq. m. |
| Total Area |
5,912 sq. ft. 549.24 sq. m. |
| Lot Size Area |
8.784 acres
35549.07 sq. m. |
| Year Built | 1951 |
| Parking Total | 20 |
| Parking Type |
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| Property Condition | Above Average,Average |
| Utilities |
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| Views |
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| Inclusions |
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| Flooring |
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| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Amenities |
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| Architectural Style |
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| Construction Materials |
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| Easements |
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| Location | Other |
| Lot Features |
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| Property Frontage |
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| Roof | Other |
| Stories | Two |
| Attribution Contact | RE/MAX Honolulu: (808) 687-8900 |
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Current Price | $6,000,000 FS - Fee Simple |
| Price / Sq. Ft. | $1,014.88 / Sq. Ft. |
| Land Tenure | FS - Fee Simple (You own the land.) |
| Tax Assessed Value | $1,358,500 |
| Tax Assessed Value Improvements | $465,800 |
| Tax Assessed Value Land | $892,700 |
| Tax Exemption Owner Occupancy | $160,000 |
| Tax Amount | $354 / Month |
| Tax Year | 2024 |
| TMK (Tax Map Key) | 1-3-4-034-018-0000 |
| Item | Details |
|---|---|
| City | Honolulu |
| Neighborhood | Palolo |
| Zip Code | 96816 |
| Zoning | 05 - R-5 Residential District |
| Flood Zone | Zone X |
