Maui Properties and Real Estate - Bob Cella

Maui Properties

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282 Hale Kai - 3 Bed | 2 Bath

  • Price: $699,000
  • Area: Kihei
  • Beds: 3
  • Bath: 2
  • Living Area: 1,542 Sq Ft
  • Land Area: 0.1623 Acres
  • Days on Market: 2
  • Single Family

You will fall in love with this peaceful south shore oasis. Located behind hand built lavarock wall with cedar gate this private 3 bedroom 2 bath home is full of custom features.The kitchen has been remodeled with natural granite countertops, white cabinets and all new appliances, a large family room has been added and is fully permitted, fresh paint on the interior with beautiful koa laminate flooring and new carpet in the living room and master bedroom, 2 custom pallet walls and 2 art doors lend to the artistic feel of this lovely home. The Master bedroom has a remodeled bathroom and a permitted outdoor shower.The home has new french doors at the entrance, 2 new double pane sliding glass doors and 2 new double hung windows with fully insulated attic for comfort. The freshly painted extra large lanai with gazebo is great for entertaining and enjoying sunset colors in the evening and the wonderful Kihei climate. The fully fenced yard is landscaped with tropical's including Tahitian Lime, pomegranate, noni, kaffir lime, coconut, papaya, orange, banana trees and lemon grass. Home has a 13 panel Photo Voltaic system (leased and net metered) plus solar hot water heater. Property has a large storage building and 120 sq workshop. County easement behind this parcel that adds space between this home and it's neighbors adds to the feeling of space and privacy. You won't want to miss this unique South Maui home.

2455 KIHEI - 8.5 Acres

  • Price: $14,900,000
  • Area: Kihei
  • Land Area: 8.5 Acres
  • Days on Market: 11
  • Vacant Land

This is the former KAMAOLE GRAND 217 unit luxury condo development and near shovel ready. $6,200,000 has been spent on infrastructure including sewers, fire protection, three huge water meters, grading(needs to be regraded)and preliminary drawings. According to the MAI appraisal another $2,000,000 is needed to regrade the property for the new plan. SMA is in place and ACTIVE. The most recent appraisal was $27,500,000. The North-South Collector road is in and finished. Final construction drawings are needed. This is a bank owned property. I sold the land to the prior owner in 2008 for just under $5,000,000. $6,200,000 has been spent on the infrastructure and several million more for the North-South Collector road and a myriad of other improvements. The property is zoned Hotel but designated multi-family in the Community Plan and that is cast in concrete. All toll, there is not less than $15,000,000 spent on this property. There is also a water well for irrigation. Ingress/egress is from the North South Collector road. Right hand turn only onto Kihei road when exiting the property. Gentle slope to the top. Ocean views half way up and all the way from the top floors. Hundreds of thousands of dollars have been spent on architectural, planning, permitting, archeological, interest on loans for the past 11 years. If you have a developer who is capable of a project of this magnitude ($90m+) the pro formas will show the profit potential for this incredible development. The Offering Memorandum is comprehensive. POF required and a letter of financial capability essential from the bank or financial institution, REIT, pension fund, insurance company funding the development. The price of the condos were below market for a fast sellout. All the pertinent documents, renderings, et al will be up shortly. Stay tuned

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