Rare Opportunity for a Large Scale Kula Greenhouse Property

This 4.5 acre agriculturally zoned property is a rare offering in the Maui market. The Kula property includes a large scale nursery operation with 11 green houses of approximately 12,000 square feet each and two residential structures.

Green House Spaces and Nursery Potential

The sellers upgraded four of the greenhouses with custom irrigation and cooling systems, and state-of-the-art growlight systems. The property operates under a license to produce Cannabis/Hemp with THC levels not to exceed .03% in accordance with USDA standards. The advanced infrastructure enables the existing owners to produce monthly yields in excess of 350 lbs of high end Cannabis/Hemp. The license for Cannabis/Hemp production is non-transferable. Potential buyers should do their own due diligence about the process to acquire their own license.

The seven additional greenhouses offer tons of room for the cultivation of tropical plants and flowers. Current crops include Bromeliads, Poinsettias and a large variety of other ornamental plants.

The Residential Area

In addition to the agricultural component, there is a 4 bedroom, 2 bathroom, 1,654 square foot main home and a 2 bedroom, 1 bathroom ohana with 828 square feet of living space. The residential spaces provide potential living areas for the new owners, nursery and farm staff or both.

More Details

The Maui Real Estate Team co-listed this Kula agricultural opportunity with Colliers. Initial showings will only include greenhouses, infrastructure and the exterior of the homes. The house and cottage will be shown on second visits. The seller requires buyers to complete a confidentiality agreement prior to showings. Listed for $7,900,000. Check out the 248 Piiwale Road MLS listing for additional details. Take advantage of this rare offering. Farm properties with this sort of infrastructure don’t come to market very often on Maui.

A quiet country road that wanders towards the ocean. Cooling trade winds. Swaying palm trees. Vibrant greens and the vivid blues of the ocean along Maui’s North shore. If this sounds like a place that you would like to call home, 300 Mehana Road offers two separate opportunities for those that want to build their dream home or cottage on Maui. The state recently approved plans to drill a well to serve the parcel, making these two CPR properties a great places to create your own personal paradise.

Location

300 Mehana Road is located in the community of Haiku on Maui’s North Shore. This quiet town is located on the windward side of the island. Mehana Road is a small private road on the ocean side of Hana Highway. It is about 10 minutes away from a grocery store, restaurants, food trucks, the post office and fitness centers at the Haiku Cannery. It is about 15 minutes from Paia town. Ho’okipa Beach Park is ten minutes away. The airport is roughly half an hour away.

300 Mehana Road Unit A

Unit A consists of 3.88 acres of gently sloped agriculturally zoned land. This unit is designated for the construction of the main house on the property. There is plenty of space for your building site with lots of room left over for gardens or orchards or you can expand upon the existing grove of Coconuts. The property is just one lot back from Uaoa Bay. You don’t just see the ocean, you can smell it and hear it too.

300 Mehana Road Unit B

Unit B has entitlements to build a 1,000 square foot accessory farm dwelling (cottage), This unit includes 4.22 acres of gently sloped land. As with unit A, it offers big ocean views and Haleakala views. There is a grove of guava trees and plenty of space to plant your own orchard, gardens and more. There is even an ag storage shed included in the sale for you to keep all your farm and garden tools.

Utilities

Electric and high speed internet both run to the edge of the property. A buyer will be responsible for bringing those utilities to the building sites. There are two options for water. Many homes in the Haiku area rely on water catchment. Water is caught off a metal roof, stored in a catchment tank and then filtered prior to consumption. The seller also recently obtained approvals from the state for a well. The buyers of the units would be responsible for installation costs of the well.

Contact The Maui Real Estate Team

Unit A is offered for sale for $985,000. Check out the 300 Mehana Unit A listing page for additional photos. Unit B is offered for $895,000. Check out the Unit B listing page for additional photos. If you want the opportunity to build both a house and a cottage and just over 8 acres of land in total, you can of course buy both! These listings sold! Contact The Maui Real Estate Team for assistance with other Maui Land listings.

Paia is consistently a tight real estate market with limited inventory and strong demand. That makes our new Paia listing all the more compelling. It is truly a unique property with nothing equivalent on the market in some time. The property consists of just under a half of acre of land with a three bedroom, two bath home and a two bedroom, one bath home. Each structure has its own water meter and its own septic system. The property has already been through the CPR process. The process converted the property into two separate units that may be sold separately. The seller is opting to sell the property as a whole.

The Land

The lot in and of itself makes this property particularly compelling. There aren’t a lot of big lots in this small town. The bulk of the larger lots are more expensive oceanfront properties. This is the biggest lot to come on the market on the Mauka side of Hana Highway since 2010. The lot isn’t unique just due to its size. It is also offers a unique setting with a 753 acre agricultural parcel surrounding the property on three sides. Fewer neighbors means more quiet and more privacy. The well landscaped property includes a stately Monkeypod tree and edibles including Papaya, Banana, Mangoes and Coconuts.

The Homes

There are two existing, well maintained homes on the property. The one is a two bedroom, one bathroom home with 1.050 square feet of living space. The other is a three bedroom, two bathroom home with 1,130 square feet of living space and an attached car port. Both homes have some view of the ocean. Building up offers the potential for outstanding ocean views.

The Upside

I already mentioned that a second story could really enhance the views of the homes. I also mentioned that the completed CPR process for the property. That process converted each home and a surrounding area of land into separate condo units that may be sold individually. What I haven’t mentioned is that a future owner could add an additional cottage to the property. The property has the zoning, lot size and water available to build a cottage.

The Location

The quiet setting and the surrounding agricultural land make it easy to forget that you are a few minutes walk from Paia. Walk to the post office, restaurants, Mana Foods, shops, and yoga studios in five minutes. Paia Bay Park is about a ten minute walk. This is the type of property where you can leave your car parked in the driveway.

Find out More About 118 and 120 Ulumau

The asking price for this Paia Opportunity is $1,400,000. This property sold in 2019. Contact The Maui Real Estate Team for assistance with other Paia Homes for Sale.

Published May 20, 2019

Billy and I were lucky enough to have our parents visiting from the mainland this week. We headed over to Honua Kai in Ka’anapali to have father’s day dinner at Duke’s Restaurant. The meal was outstanding, the company was great and the scenery along Airport beach speaks for itself. Here are a few photos that I snapped post dinner.

The restaurant at Duke’s complements an already impressive list of amenities of at Honua Kai Resort. As posted recently on The Maui Real Estate blog, Honua Kai recently announced major price adjustments on the remaining new developer units. There are one and two bedroom units being offered for as much as 40% below original pricing. This is a great opportunity to buy at the first new whole ownership beachfront development in Ka’anapali for over 25 years. It will likely be the last for some time to come. Contact the Maui Real Estate Team with questions or for to arrange a showing at Honua Kai.

This week Honua Kai Resort in Ka’anapali just announced big price adjustments on their remaining inventory of condos for sale. Honua Kai is the first new beachfront fee simple whole ownership development in the Ka’anapali area for over 20 years. Located along North or Airport beach, It was well received by buyers with the initial pre-construction offerings selling out within hours. The high volume of closes at the complex have helped to buoy condo sales figures over the last couple of years. This is a phenomenon that we dubbed the Honua Kai effect. It is easy to see why buyers have gravitated toward Honua Kai. Amenities include three pools, a fitness center, kids camps, concierge services, a well regarded restaurant in Duke’s Maui and a great stretch of beach along the beautiful waters of the Pacific.

A number of the remaining condos for sale are now discounted well below initial developer pricing. One and two bedroom units in the Hokulani tower appear to be some of the better values with pricing as much as 40% below roll out pricing. There are other floor plans where prices are actually a little higher than the original roll out prices. While the developer does not go into the specific reasons behind the adjustments, this appears to be a classic case of supply and demand. Units that have and continue to garner the most interest have been adjusted upwards. Units where sales have lagged have been adjusted down. You can check out the Honua Kai Updated Price List for specific prices and floor plans available. These new developer offerings at Honua Kai are offered through Playground Destination Property, Inc. The Maui Real Estate Team may represent you as buyer’s agents. Contact us for questions about Honua Kai or for assistance with representation. We look forward to being of service.

I just wanted to write a quick post on a good looking bank owned opportunity that came on the market this morning in Wailea. This 2 bed/ 2 bath second floor condo at Wailea Fairway Villas is being offered for $400,000. It boasts ocean and golf course views and appears to be in pretty good condition. Wailea Fairway Villas has 118 condos spread among 24 two story buildings. The complex has a rec center and a pool area that fronts along the Wailea Blue Course. The complex prohibits vacation rentals. It is an ideal location for those who are looking for a second home or retirement property in Wailea at a lower price point. Wailea Fairway Villas is located at the top of Wailea close to the Hotel Wailea and the award winning Capische Restaurant. You are just up the hill from the famous Wailea Beaches and the Shops at Wailea. This property is listed through ERA Pacific Properties. The Maui Real Estate Team may represent you as buyer’s agents.  You can search the full inventory of Wailea Condos for Sale and Maui Bank Owned Properties on MauiRealEstate.com.