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Makaha Valley Parcel Features Flexible Zoning For Development

HOMES-101115-1Within Mauna Olu Estates — a gated, 200-acre custom home community in Makaha Valley — is a 26-acre parcel currently being offered by Distinctive Homes Hawaii. Listed at $5 million, the parcel has been subdivided into 18 separate lots, which range from a minimum of one acre up to 2.5 acres. According to Distinctive Homes Hawaii Principal Broker Patrick O’Neill, improvements are in place in the parcel, including roads, sewer, underground electricity and a structure with paved parking designed as a community center.

“The property is resort zoned, which would make it possible for a buyer to further develop the subdivision with single-family and/or multi-family homes,” O’Neill said. “The parcel is ideally situated on the border of the Makaha West Golf Course, which is currently closed and being re-designed by prominent golf course designer Greg Norman. Pa owns the West Course, has announced plans for a $200 million development in Makaha Valley on the former site of the Makaha Hotel and Resort. The 483-unit project is expected to include 250 hotel rooms, 88 luxury villas and 145 luxury timeshare units.

“We envision our 26-acre subdivision as one of the major components in the redevelopment of Makaha Valley. As a gated neighborhood within the larger gated community of Mauna Olu, it will hold appeal for buyers who value both privacy and security.”

Over the years, the repackaging and marketing of Makaha Valley properties has moved forward with starts and stops. The fee simple, single-family home Mauna Olu subdivision was a component of the master-plan for Makaha Valley, created by developer Chinn Ho in the 1960s.
Among the appealing features of Mauna Olu are its low density, due to the size of the lots and the spectacular views from elevations ranging from approximately 500 feet to 1,000 feet. With mountains on three sides, the homesites look out to the ocean over two golf courses.

The world famous Maka protected sandy swimming beaches along the coast and Pokai Bay Beach Park are a few minutes away. Boats can be moored or launched at Pokai Bay Harbor. Additionally, the City of Kapolei and the Ko Olina Resort are, respectively, 12 and 10 miles from Makaha. The growth of the “Second City” and the resort have contributed to the marketability of residential properties in the area.

“Over the years, Mauna Olu has attracted a diversity of buyers, including local residents seeking the serenity of a rural environment, whether as a primary or second home. The majority of out-of-state buyers are from the West Coast and Canada. We anticipate more Asian buyers in the equation, moving forward.

“Considering the natural amenities of the area, with its spectacular scenery and favorable weather, as well as its convenience to the ever-expanding facilities of the city of Kapolei and Ko Olina Resort, Mauna Olu is a great value. The prices for large acreage would be hard to match anywhere else on Oahu.”

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