Oceanfront Options – Hawaii Real Estate – A complete listing of Hawaii Homes on Oahu Honolulu
Sign up for Hawaii home remodeling tips

Oceanfront Options

homes-032915-3Eleventh in a series

A 60,000-square-foot oceanfront parcel of vacant land at Waialua listed by Jack Tyrrell & Company offers buyers a number of options. The project, known as Waialua Beach Colony, has already been subdivided into three separate lots, two of which have been CPR’d with two homesites each for a total of five present home-sites. The third subdivided lot can be CPR’d to include two home-sites. The entire parcel extends from Waialua Beach Road to the shoreline and is available at $4,750,000 fee simple.

Buyers might also choose to purchase one or more of its five homesites. Makai One with 9,694 square feet and Makai Two with 10,128 square feet are priced at $1,250,000 and $1,100,000, respectively, and share 112 linear feet of sandy beach frontage. Prices for the other three homesites can be provided on request by Principal Broker Jack Tyrrell, who noted that all have deeded beachfront access and that all homes built on any of the lots could be sited for ocean views as well as mauka views to the mountains.

“Waialua Beach Colony has five of the North Shore’s most desirable beachfront homesites,” Tyrrell said. “During the years that Castle & Cooke owned the property, the company maintained a home there for executives of its Waialua Sugar Company. After taking the project over in 2006, we began the lengthy and complicated process of subdividing the parcel and condominiumizing it so that all lots would have deeded beach and road access. The lots have been cleared with the exception of some of the original trees and are construction-ready. The property can be accessed from Waialua Beach Road by a paved driveway.

“A buyer who purchases the entire parcel could choose to build on one of the lots and sell the others, either built or vacant. Or the buyer might build and retain the entire property as a family compound or for rentals. There are many possibilities, but what makes them all practical and plausible is its great location. Property that is vacant, buildable, already subdivided and CPR’d, and with sandy beach frontage is a prized commodity and not much is available on the North Shore, or anywhere on Oahu. Waialua Beach is one of the best reef protected sandy beaches in the area and coral and rock free along the shoreline. There are several good surf breaks and areas that are favored for snorkeling and fishing.

“I think of the North Shore as ‘the neighbor island you can drive to.’ And with the increasing popularity of Oahu’s North Shore among out-of-state buyers and investors, Waialua holds a special appeal for local buyers looking for a more ‘off-the-beaten-track’ retreat, whether for full-time living or a weekend getaway. Vestiges of its past as a plantation community survive, particularly in old Waialua town where the Waialua Sugar Mill has been converted into a venue of locally owned shops and restaurants and concerts are presented at the Waialua Bandstand. The town even has an award-winning library.

“There are numerous other options for shopping and dining just a short drive down Kam Highway in Haleiwa Town and at the North Shore Marketplace. The roads generally have much less traffic than other North Shore communities, and from Waialua you can jump right on the H-2 freeway and be at the airport in twenty minutes or at Ala Moana Shopping Center and Waikiki in forty minutes.”

Tyrrell is showing the Waialua Beach Colony property by appointment.

Open House Guide
Mortgage Rates