Buying To Build – Kulamanu
Sixteenth in a series
Buyers in the market for a “piece of paradise” are often surprised to find that vacant land – even very large “pieces” – is available and at prices that look like a bargain in comparison to what similar offerings would command elsewhere. In this “Buying to Build” series, Realtors will comment on listings ranging from multi-acre parcels in the country and on the coast to small lots in city neighborhoods…what they will have in common is that all will offer development potential.
The largest vacant parcel in the Diamond Head area stretches from Kulamanu Street to the shoreline, encompassing 30,370 square feet of cleared land and sandy beach frontage.
This choice, one-of-a-kind beachfront property has been listed by Sandwich Isles Realty Principal Broker Carl Smigielski at $6,200,000.
He refers to the R7.5-zoned property as a “developer’s dream,” pointing out that one to three homes could be built there. Due to a 38-foot rise from the ocean to the top of the lot, both the beachfront home and the home on Kulamanu Street would have ocean views.
“Several surveys have been completed, as well as pre construction tests and documentation – different blueprints and a topographical map are available,” Smigielski said. “There are views in all directions, with Diamond Head rising to the west and dominating the landscape. To the east is the western flank of Black Point, its landmark the historic Doris Duke estate, Shangri-la, and just below is the salt water swimming pool Duke built in the 1920s and a great local surf spot known as ‘Cromwells.’ Coco palms rim the shoreline.”
The neighborhood in which the property is located consists of several residential enclaves on spur roads and loops with names often used to identify the entire area, such as Kaikoo and Papu Circle, as well as Kulamanu. However, another access road to the coast from Kahala Avenue, Kaalawai, is the historical name for most of the area as well as its sandy beach.
The residential mix is diverse…from older, modest frame homes to large, architect designed structures. Major remodeling on the site of tear-downs is a growing trend. The two homes that previously occupied the Kulamanu lot were demolished by the current owner in 2006.
Although the area has long been favored by upscale buyers, kamaaina, and ocean lovers, it periodically goes through a process of rediscovery. Due to its gradual slope upward from the coast to Kahala Avenue, a large percentage of the homes enjoy coastal and ocean views, one of its attractions along with a sandy beach and popular surfing spots within walking distance.
“The privacy and location of this property is priceless,” Smigielski added. “At low tide you can actually walk along the beach around Diamond Head and all the way to Waikiki. Since we live on an island where there is so little precious beachfront land available, this Kulamanu property will become treasured in the decades to come.”