390 Punakea Loop Lot #5 Unit A

MLS® 397829 (Hawaii Real Estate) is located at 390 Punakea Loop Lot #5 Unit A Lahaina HI 96761. The current listing status is Active. This 4 bed and 5 bath Home was built in 2011 and features 3412 finished sq.ft with a lot size of 48.13 acres. This property is currently listed for an *asking* price of $4,200,000 (Fee Simple) - please call for an explanation of fee simple vs leasehold. Buying Real Estate in Hawaii is very different from the mainland. We can help. 808-298-2030 Click Here to read customer Reviews from people who have worked with this agent.

Every so often a property comes on the market that truly fulfills the proverbial promise of "Once in a Lifetime." Such is the case with 390 Punakea Loop. Originally owned by the right hand man of the Launiupoko Developer and as such was granted the opportunity to acquire one of the biggest pieces of land with the best view in the entire neighborhood. I would argue it's the best view in ALL of West Maui. Not only that, but extreme privacy, security and quiet peace that only comes with a large land holding. The property features over 43 acres of AG land and four distinct living areas. A main home with 1 bed, 2 baths with pool, an attached roofline to the 2nd bedroom and bath for the main home. A two car garage that is detached from the main and positioned between a studio and 1 bedroom. The studio to the left has a full bath and to the right is a 1 bedroom mother-in-law suite, also with a full bath. A grand total of 2214 square feet with over 1300 square feet under covered lanai. You will LOVE the indoor/outdoor living style of the wide open accordion doors that seamlessly connect you to the unending 270 degree ocean views. With year round sunsets perfectly framed by the island views of Lanai, Molokai and Ko'olawae. Your jaw will drop as you think to yourself "this can't be real". Then right when dusk falls, the view continues to mesmerize as it transforms to the twinkling town lights of Lahaina and the night stars sparkling as the milky way spirals overhead. You and your family will enjoy hiking or 4 wheeling on the vast acreage, and the views only get better as you ascend! Opportunities for this property are endless! A solar field, an agricultural operation, yoga retreat, glamping platforms and agricultural structures and a barn can yet be constructed.The highly sought after Launiupoko neighborhood is located close to excellent beaches, surf breaks, conveniences of Lahaina town and quick access to the bypass. In the last two years, the average cost per sold acre of vacant land in Launiupoko has been over $208,000/acre. This is parcel A of a Condominium Parcel Regime.