74-5040 Keohokalole Hwy

MLS® 603139 (Hawaii Real Estate) is located at 74-5040 Keohokalole Hwy, HI 96740 in HONOKOHAU 2ND. This property is currently listed for an *asking* price of $2,250,000 (Fee Simple) - please call for an explanation of fee simple vs leasehold. This is Hawaiian Land For Sale with a current listing status of Active. The lot size consists of approximately 12.28 acres and the annual taxes are currently reported at $7,800. Buying vacant land, farms and ranches 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.

• Zoned for immediate development of single-family residential lots subject to civil plan approval. POLITICAL APPROVAL BY THE GOVERNMENT HAS BEEN OBTAINED. • The County of Hawaii has confirmed that $458,137.97 of costs paid by the owner can be applied to the fair share costs for road and traffic improvements as specified in Condition J(5) of Change of Zone Ordinance No. 99-61 (REZ 914). The credit runs with the land. • The owner has paid $116,550 in water commitment fees, which will be credited toward the facilities charges to provide water for the development of the property. • Zoning: Single-family residential minimum building site area 7,500 sq. ft. (RS-7.5) per Ordinance 99-61 approved May 13, 1999, and took effect subject to specific conditions on August 1, 2016. The condition can be met by obtaining Final Subdivision Approval for the first increment of the subdivision. For example, the first increment may be 10 to 20 homesite lots, with future increments planned on the remaining land area. Plan Unit Development (PUD): PUD Permit No. 61 dated September 15, 1999. Subject to specific conditions, the permit took effect on August 1, 2016. The PUD permit allows minimum building site areas of 4,000 square feet, among other variances from the County’s Subdivision Code. Water (71 Equivalent Units): The Department of Water Supply (DWS) of the County of Hawaii granted a commitment to supply 28,400 gallons per day or seventy-one (71) units of water at an average of 400 gallons per day (400gpd with 600gpd maximum as an equivalent unit). A water commitment deposit of $10,650 is required annually to maintain the commitment of the 71 EUs. The cumulative annual payments, currently $116,500, will be credited towards the final facilities charge for the development. Wastewater (Sanitary Sewer): The property is within the service area of Hawaii County's wastewater treatment system.