Buying To Build – Waianae
Tenth 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.
Ten acres of vacant, fee simple land with potential for a self-sustaining, private ranch estate has become available in Leeward Oahu. With the cliffs of the Waianae Mountains as a backdrop and insulated on two sides by Preservation land, the parcel is approximately three miles from the Waianae Coast on Waianae Valley Road. Below are miles of sandy beaches and Pokai Bay Beach Park and boat harbor.
With Ag-2 zoning, two residences can be built on the property, as well as ag-supportive structures. Horses are currently pastured on the land, which could be made suitable for agricultural development.
Listing Realtor Travis Palmer, a resident of Leeward Oahu and specialist in Leeward real estate, noted that a special feature of the property is that it has been permitted as a photovoltaic farm. “The farm could be developed on approximately one third of the property and, depending on the extent of the PV installations, could supply enough electricity to power the needs of the estate,” Palmer said. “This would include the home, swimming pool heating, generators, a stable, and farming equipment.
“The property itself is a gentle slope and includes mature trees, mostly kiawe and koa. Rock on the property, which includes moss rock, could be used for foundation and wall building. Water and electricity are available right at the edge of the lot. A home built on the site could have a spectacular view of the ocean and coastline from Waianae to Mount Lahilahi.
“Looking mauka, the view takes in the soaring cliffs of the Waianae Range, reaching an altitude of approximately 3,500 feet. The mountain vistas are even more dramatic during the rainy seasons when the cliffs are laced with waterfalls.
“Recreational opportunities in the area include horseback riding, surfing, and fishing. Waianae Valley has many riding trails that take you deep into the countryside and up into the foothills. Nearby Pokai Bay is one of Oahu’s most popular fishing destinations, with both shore fishing and big game fishing trips available.”
Palmer, who is an experienced surfer, noted, “The beautiful white sand beaches along the coast have surf breaks for beginners to advanced. There are waves suitable for surfing the year round, since Pokai catches the north swell and Cabanas the south swell.”
Waianae is a country community with minimal commercial development, but the City of Kapolei and Ko Olina Resort are just under a half hour drive. The Waianae Mall and a supermarket are only about five minutes away.
“Considering the size and features of this Waianae property, it’s an excellent buy at $550,000 fee simple,” Palmer said. “When you break it down, it’s only $55,000 an acre. I haven’t seen anything comparable at this price point in ten years.”
Palmer is showing the property by appointment.