Kuhio Highway & Aleka Loop
- One of the few remaining beachfront parcels in the State
- The property is entitled for 391 hotel rooms or 192 condotel plus 6 hotel rooms
- Whole ownership luxury resort condominiums
- Project is scalable and can be built in phases
- Resort style amenities
- High barriers to entry
- Infrastructure is constructed to site
Property Description
The Coconut Plantation Village development site (the “Property”) offers 11.78 acres of entitled oceanfront resort-zoned land on Waipouli Beach on the eastern shore of the beautiful Hawaiian island of Kauai. The Royal Coconut Beach coastline consists of white sand beaches backed by a beautiful mountain range, and the magnificent mount Wai’ale’ale. Kauai high chiefs once made their homes there as it was considered one of the island’s most sacred areas. The site boasts excellent ocean, coastline, and mountain view planes. The Property is fully entitled, with unique entitlements in perpetuity, to allow for 192 apartment/condominium units and 6 hotel rooms. The developer can either sell the units and continue ownership and management of the front desk or continue owning all units and operate them as a more conventional hotel use. Key benefits to these particular entitlements include: • In-place entitlements save risk associated with development on Kauai and time. * The entitlements are in perpetuity in the event a developer wishes to land bank. * This project requires a nominal 3-unit affordable requirement in a market that can command 35-50% affordability * No major off-sites required. * Water and vital infrastructure is available to site. * Hawaii is unique in allowing condo-hotel deposits to be applied toward the capital stack. Coconut Plantation Village is an ideal opportunity to capitalize on one of Hawaii’s only development-ready, oceanfront properties located in a desirable Kauai location.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $13,500,000 |
| Lot Size: | 11.78 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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