New Opportunity For ‘Urban-Sanctuary’ Living
“The concept of Kapiwai was simple,” said Barry Sullivan, manager of Pauoa Valley Preserve LLC, the developer. “Create a new custom home community in a natural setting close to town, possibly only a 10 minute drive to your office, the children’s schools, all the services we come to rely on. But making this concept a reality was far from simple.
“We purchased Kapiwai more than 12 years ago, when it was a jungle of invasive trees and trash tossed from the road. For more than a decade, we spent our evenings, weekends and vacations cleaning things up and figuring out what was really there and what could be done.
“What we found, hidden away for generations, has proven to be a treasure. A clear, spring-fed stream, 25-foot waterfalls, an abundance of birds and ancient loi (taro terraces) just waiting to be restored. Best of all for future residents, is a gentle ridge running the entire length of the project, overlooking all the beauty and offering the perfect location for 24 estate-size homesites.
“We realized we had to get the scale of the project just right. It had to be big enough to support the costs, but small enough to preserve what may be the last, best slice of sanctuary in urban Honolulu — a place that I wanted to live in. Since it was Zoned R-5 and nearly 16 acres, we could have built up to 137 homes … but we wanted something different.
The result is Kapiwai.”
The strong sales response Kapiwai has received since it went to market has validated the concept. “With the first homes nearly complete, we are definitely pleased,” Sullivan added. “We offered the project as ‘lot-plus-home’ packages, and nearly every sale has set a record for value in the valley. We have 21 sold so far, and just three units remain.”
A horizontal condominium property regime, the land units range in size from 5,300 to nearly 18,000 square feet. Completed home packages are available in varying bedroom, bath, and single and two-story floor plan configurations. Completed package sales to date have ranged from approximately $1.4 to $2.2 million. The remaining three bedroom, two-and-a-half bath lot/ home packages with lots between approximately 10,000 and 13,000 square feet range in price from $1.28 to $1.65 million.
Sullivan and his partners assembled a team of highly qualified professionals to bring the Kapiwai project to fruition, including architects Janine S. Clifford AIA and Mark E. de Reus AIA, builders Lyle Hamasaki Construction Inc. and RMY Construction LLC, Homeowners Design Center and custom solutions from Studio Becker. Sales are being handled by LIST Sotheby’s International Realty Realtor and Vice President Kimm M. Hirahara.
Kapiwai is located at 2914 Booth Road and shown by appointment. Hirahara will conduct an open house on two consecutive Sundays at the project, Feb. 14 and 21, from noon to 4 p.m. Call 206-4639 or visit the website kapiwai.com.