Buying To Build – Waialae Nui
Eighth 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.
Views simply don’t get any better than this. From three vacant lots crowning Waialae Nui Ridge at 1,350 feet, a panorama of ocean and Oahu coastline stretches out below. The centerpiece is Diamond Head. Viewing the iconic natural landmark from this high point, you feel as though you could hold it in the palm of your hand.
The lots, which have been CPR’d from a larger parcel by the developer, have been listed by Broker Elizabeth Worrall Daily of Mary Worrall Associates Sotheby’s International Realty.
All three lots have been cleared and are ready to be built on, with water and electric available. The gated properties, shown by appointment, can be accessed from a paved road which branches off Halekoa Drive. Prices start at $2,875,000 for a 22,934 square foot rim lot; a 32,977 square foot lot is priced at $3,560,000. The largest of the lots with 35,743 square feet is $3,875,000. All are fee simple.
Worrall-Daily said the CPR’d parcel is one of the largest spreads of vacant view land currently available in the East Oahu Heights. Preservation land and wilderness areas surround the developed properties, creating a sense of rural isolation high above the residential and commercial development of Kahala at the bottom of Halekoa Drive.
“When I show the lots, people are amazed to find such beautiful, verdant wide open space so close to an urban area…Kahala Mall, restaurants, shops, schools, the Waialae Country Club and golf course are just a few minutes away.
“I can envision large estates overlooking the entire panorama…the ocean, Diamond Head, Koko Head, and the city as well as the green, forested valleys and hillsides. Neighbor Islands are often visible, including at times the summit of Mauna Kea on the Big Island. You could open up the home on all sides to the views and cooling breezes and yet enjoy complete privacy. The land itself offers options for development on the level areas as well as on the slopes. Each of the lots has ample space for a large home, parking areas, gardens, a tennis court, swimming pool, and walking paths.”
Worrall-Daily noted that the average temperature at the top of the hill is seven to eight degrees lower than at sea level and rainfall is sufficient to keep everything green. “This secluded setting offers true tranquility…bird song and breezes brushing through the trees are usually the only sounds. The ‘Summit,’ as the developer refers to the property, is a peaceful, serene haven.”