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$ 1,590,000
Est. payment | /mo
1.53 Acres Lot
$ 1,590,000
Est. payment | /mo
1.53 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Central Kihei
MLS Listing ID 734123
HOA Y/N No
Annual Tax Amount $13,012
Tax Year 2026
Lot Size 1.531 Acres
Source Hawaii Information Service
Land Area 66690
Property Description
Rare North Kihei development opportunity! Build your dream home just a short walk from the beautiful North Kihei beaches, or explore the potential to create much-needed housing in one of Maui's most supply-constrained communities. This 1.53-acre infill parcel includes an existing 2-bedroom, 1-bath home and benefits from preliminary 4-lot subdivision approval.
Conceptual plans contemplate the creation of up to 12 detached residential homes through the subdivision and CPR process, offering a unique opportunity for builders, developers, and investors seeking to help address Maui's housing shortage while creating substantial value. The property is surrounded by established single-family neighborhoods and is conveniently located near shopping, schools, employment centers, public transportation, Kahului Airport, and Wailea.
Extensive due diligence has already been completed, including cultural, archaeological, traffic, environmental, engineering, and drainage studies. Existing residence may provide interim rental income while development plans are finalized.
Seller may consider carrying a portion of the purchase price at 9% interest for qualified buyers submitting a full-price offer, providing additional flexibility and potentially reducing upfront capital requirements.
Potential Development Benefit: Beginning July 1, 2026, Hawaii's new expedited housing permitting legislation may provide qualifying residential projects with a streamlined approval process designed to accelerate the delivery of much-needed housing. The legislation establishes procedures for expedited permit applications for certain single-family and multi-family housing projects and includes provisions for licensed third-party review under specified circumstances. Buyer to independently verify applicability, eligibility, requirements, and potential benefits with Maui County and their professional advisors. All comments, data is provided by seller or seller's representatives.
Conceptual plans contemplate the creation of up to 12 detached residential homes through the subdivision and CPR process, offering a unique opportunity for builders, developers, and investors seeking to help address Maui's housing shortage while creating substantial value. The property is surrounded by established single-family neighborhoods and is conveniently located near shopping, schools, employment centers, public transportation, Kahului Airport, and Wailea.
Extensive due diligence has already been completed, including cultural, archaeological, traffic, environmental, engineering, and drainage studies. Existing residence may provide interim rental income while development plans are finalized.
Seller may consider carrying a portion of the purchase price at 9% interest for qualified buyers submitting a full-price offer, providing additional flexibility and potentially reducing upfront capital requirements.
Potential Development Benefit: Beginning July 1, 2026, Hawaii's new expedited housing permitting legislation may provide qualifying residential projects with a streamlined approval process designed to accelerate the delivery of much-needed housing. The legislation establishes procedures for expedited permit applications for certain single-family and multi-family housing projects and includes provisions for licensed third-party review under specified circumstances. Buyer to independently verify applicability, eligibility, requirements, and potential benefits with Maui County and their professional advisors. All comments, data is provided by seller or seller's representatives.
Location
State HI
County Maui / Molokai / Lanai
Community Central Kihei
Area Hi
Zoning R-3
Region Wailuku
City Region Wailuku
Exterior
Utilities Available Other
View Y/N Yes
View Mountain(s)
Topography Level
Garage No
Private Pool No
Building
Lot Description None
Sewer None, Other
Others
Ownership Full
Acceptable Financing Other
Listing Terms Other
Special Listing Condition Fee Simple, Standard
Listed by Nathalie Mullinix Realty Universal, Inc.
Nearby Locations
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