75-5498 NALO MELI DR HOLUALOA HI 96725

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For Sale: great Deal

Asking Price

$405,000

$0/sf

$81k/ac

Smart Price

$554,260

$0/sf

$111k/ac

Assessed Value

$410,000

$0/sf

$82k/ac

As you can see from the photo above, this lot boasts one of the best and most expansive ocean views on the Big Island. In this price range, other lots for sale on the island may offer a "peek-a-boo" or tiny view of the ocean as their "ocean view". However, this lot offers a panoramic view of the ocean.

Some background on Big Island “climates”: The Hilo side (east) of the mountains is wet (lots of rain all year long). The Kona side (west) side of the mountains is dry (nearly no rain at lower elevations, all year long). The climate ‘sweet spot’ on this island lies between 1500’ and 2000’ above sea level on the Kona side of the island. In this sweet spot, an occasional mist or light rain spills over the top of the mountain to keep your landscaping alive while you bask in the Kona sun.

In addition to the view from this lot, there are several other factors that make this lot exceptional when compared to other land offerings on the Big Island.

The soil on this sunny Kona lot is mostly brown and fine in texture (not the crushed black volcanic rock that is so prevalent on the Kona side of the island). So, if you want to grow a garden or plant some landscape shrubs you won’t need a jackhammer to break up the “soil”.

The lot is +/- 1923’ above sea level. At this elevation, afternoon temperatures are mild, not hot, humid, and muggy as it is below 1000’ elevation. At this elevation, there is usually enough occasional moisture in the form of mist or light rain to keep plants on the property sustained without having to water them and incur a high water usage bill. At this elevation, most of Hawaii’s favorite crops will grow, including macadamia nuts and most fruits. At a few hundred feet higher in elevation, mac nuts may not do so well.

The Basics
Status
For Sale
Property Type
Land
Lot Size
5.0 acres
Days on Market
4
Land Tenure
Fee Simple
Financial
Tax Assessed Value
$410,000
Year Assessed
2020
Terms Acceptable
1031 Exchange, Cash, Construction Loan, Conventional, Federal Housing Administration (FHA), Veterans Affairs (VA)
Property Taxes
$16/mo
Parcel #
750011480000
Amenities
Land
Lot Number
26
Lot Description
Rim Lot
Land Sqft
217,844
Elevation
No data
Latitude
19.65219912
Longitude
-155.94649911
Subdivision
KONA UPLANDS
Topography
Graded, Gentle Slope
Roads
Private
Zoning
A-5A - Agricultural, 5 acres
Lava Zone
Zone 4 - Includes all of Hualalai, where the frequency of eruptions is lower than that for Kilauea or Mauna Loa. Lava coverage is proportionally smaller, about 5% since 1800, and less than 15% within the past 750 years.
CC&Rs
Covenants, Conditions & Restrictions are rules that govern residences.
Yes
Recordation
Regular
Building
Property Type
Land
Water
County
Power
Underground
Agriculture Dedicated
Yes
MLS Data
MLS #
643544
Listing Agent
No data
Brokerage
Coldwell Banker Island Properties - Kamuela
Source
Hawaii Information Service
Listing Date
2020-10-15
Other
Contact Agent