Private Estate Offers Development Options
A rare, large property with potential for development in Maunalani Heights, consisting of three R-10 residential lots totaling 1.15 acres, is being offered by Coldwell Banker Pacific Properties Realtor Michael Kwak for $3.75 million.
Located on Maunalani Circle at the apex of the hillside, the property has been subdivided into three parcels of approximately 15,000, 17,000 and 19,000 square feet each, the largest with a vintage home, and are being conveyed together in the sale. The contiguous R-10 zoned lots are located adjacent to a 70,000-plus square foot Board of Water Supply facility, further enhancing the estate’s sense of forested isolation and privacy.
“The lots offer an unparalleled combination of mauka and makai views and a unique perspective of the Koolau Mountains, ridges and valleys … several hiking trails branch out from the property,” Kwak said. “This property is unique; there is nothing else comparable in Maunalani, one of East Honolulu’s most desirable and well-established neighborhoods.
“This particular property was the home of kamaaina families over the years. In 1936 one of the original owners enlisted the talents of Guy Rothwell, a celebrated architect of the period, to design a new luxury home overlooking the ocean.
“The home,” Kwak continued, “which is being sold with the property ‘as is,’ can be restored to its original grandeur at the buyer’s discretion. It includes a wonderful outdoor setting with a large ceramic-tiled patio and swimming pool that has been well maintained over the years. A two-bedroom, two-bath cottage is located on one of the other two lots and the third lot has remained vacant.”
Kwak noted that a buyer would have many options, among them creating a grand estate, which could serve as a multigenerational family compound. A new home could be built on the 17,000 square foot vacant lot, which would require site work, but all utilities are already in the ground, creating an advantage for the builder.
“The pristine views from this property are obstructed only by the mature trees that surround it and enhance its privacy. It is truly unique, high above metro Honolulu yet only a short drive down the hill to the shops and restaurants of Kaimuki and Kahala, as well as freeway access to downtown Honolulu,” Kwak added.
The property is accessed by a private, gated driveway at the top of Maunalani Circle. Kwak is showing the property by appointment and will hold open houses on May 28 and June 4 from 2 to 5 p.m.