5372 WEKE RD #2 HANALEI HI 96714

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For Sale: fair Deal

Asking Price

$16,500,000

$5,515/sf

$23.6m/ac

Smart Price

$21,555,663

$7,204/sf

$30.8m/ac

Assessed Value

$13,223,300

$4,420/sf

$18.9m/ac

Hanalei Bay front and center multi-family estate! 2 Homes on 2 Lots with 2 separate TMK's, and 2 active Vacation Rental Permits. Double your pleasure and fortune with this incredible opportunity to acquire two of the most iconic and historic Hanalei Bay beach properties.

Main house sits on a 20,577 sq. foot lot and consists of 3 bedrooms and 3 bathrooms, a recreation pavilion, a bbq pavilion, and a standalone laundry pavilion. It has been expertly restored while maintaining the traditional Hawaiian feel and is loaded with old-world character and charm throughout, delivering a true and authentic Kauai experience.

Second house sits on an adjacent and separate 12,067 sq. foot lot and consists of 2 bedrooms and 1 bathroom upstairs. Downstairs you'll find a garage as well as a manager's office with another bathroom. It also boasts views of Hanalei Bay, mountains, waterfalls and was constructed to match the charm and class of the main house.

Hale Ola, meaning "House of Health," was originally built for the first doctor on Kauai's stunning North Shore in the 1920s. This Hanalei Bay oceanfront property is situated on a rolling expanse of lawn next to the world-renowned Pinetree's beach park and famous surf breaks. Incredible sunset views expand from Hanalei Pier to countless waterfalls and majestic mountain ridge-lines known as Hihimanu, Namolokama and Mamalahoa. There are covered lanais throughout both homes to enjoy outdoor living. Both homes serve as active and successful vacation rentals. Future confirmed reservations to be honored.

Offering consists of two TVR-NC licensed homes on two separate lots being sold together. TMKs are 4-5-5-3-8 and 4-5-5-3-39.

The Basics
Status
For Sale
Property Type
House
Beds
5
Baths
5
Living Area
2,992 sf
Lot Size
0.7 acres
Days on Market
44
View
Bay, Coastline, Garden, Mountain, Ocean, Ocean Horizon, Sunset, Waterfall
Land Tenure
Fee Simple
Financial
Tax Assessed Value
$13,223,300
Year Assessed
2020
Terms Acceptable
1031 Exchange, Cash, Conventional
Property Taxes
$10,857/mo
Parcel #
550030080000
Amenities
Flooring
Hardwood, Laminate, Slate
Inclusions
Blinds, Drapes, Dryer, Washing Machine, Dishwasher, Microwave, Refrigerator, Range/Oven
Heating/Cooling
Air Conditioning, Split/Zoned
Land
Lot Number
6
Land Sqft
32,644
Elevation
No data
Latitude
22.2030293
Longitude
-159.50189216
Subdivision
HANALEI
Topography
Fairly Level
Roads
County
Zoning
O - Open Space
Flood Zone
X
  • Zones beginning with “A” or “V” are high risk. There is at least a 1 in 4 chance of flooding during a 30-year mortgage.
  • Zones beginning with “B”, “C” or “X” are moderate-risk flood zones. The risk of flooding is reduced, but not completely removed.
  • Zones beginning with “D” have undetermined flood hazards or unstudied areas.
Building
Property Type
House
Unit #
2
Beds
5
Baths
5
Year Built
1924
Waste Water
Septic
Water
Meter Installed
Power
Gas
Trash Disposal
County-Charge
Parking
Vehicle Storage
Unassigned
MLS Data
MLS #
643460
Listing Agent
Jacqueline Shockley RS-76726
Brokerage
No data
Source
Hawaii Information Service
Listing Date
2020-10-13
Other
Contact Agent

Buy through a Nalula Preferred agent for incredible service and a tremendous rebate of roughly $103,125 on the asking price of this property!