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2500 Niumalu Rd - Niumalu Gardens 33.43 Acres of Residential Land Offered at $36,972,800 CAD in Lihue, HI 96766
INVESTMENT HIGHLIGHTS
- 33,45 acres of CPR'd property with 13 units with breathtaking ocean and mountain views from each lot!
EXECUTIVE SUMMARY
Niumalu Gardens is adjacent to Nawiliwili Small Boat Harbor, ten minutes to major shopping, Government Buildings, Medical facilities and Lihue Airport.
This amazing property has 10 water meters and a alternative score of water flowing from a rock spring feeding the Awa system and the large water storage tank.
Niumalu dates back to the time when Hawaiian's farmed and fished this special land. Next owners where the Chow family who raised cattle, harvested rice, vegetables and lived off the land raising a large family. Many family members still reside in parts of Niumalu area, loving the land and their rich heritage.
Niumalu Gardens is a special place, an honor to be a part of this historic land!
PROPERTY FACTS
| Price | $36,972,800 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Apartment Units - Subsidized |
| No. Lots | 1 | Total Lot Size | 33.43 AC |
| Zoning | AG - Niumalu Gardens Condominium, Lots 77,78,79 of Land Court appl. 957 Designated as Units 1-13 Niumalu & Nawiliwili, Lihue Kauai, HI. 33.425 acres. | ||
| Price | $36,972,800 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Subsidized |
| Total Lot Size | 33.43 AC |
| Zoning | AG - Niumalu Gardens Condominium, Lots 77,78,79 of Land Court appl. 957 Designated as Units 1-13 Niumalu & Nawiliwili, Lihue Kauai, HI. 33.425 acres. |
1 LOT AVAILABLE
Lot 77, 78,79
| Price | $36,972,800 CAD | Lot Size | 33.43 AC |
| Price Per AC | $1,105,976.68 CAD |
| Price | $36,972,800 CAD |
| Price Per AC | $1,105,976.68 CAD |
| Lot Size | 33.43 AC |
33,425 gated acres lots 77A,77B, 78A, 78B, 79A & 79B. Also known as TMK: 3-2-003-008-0001 through 013. Property has 10 installed water meters plus natural water flowing from mountain source with a water storage tank. Roads are established to all lots
DESCRIPTION
Niumalu Gardens with 33.425 acres is the largest property in Lihue with roads, ten water meters, plus fresh water continually flowing through the AWAs and eventually out through Niumalu Stream. The fresh water coming through the hill side has been used as domestic water. Bottled water companies have requested purchasing this source. The Kauai Department of Water of identifies Lot 77, 78, 79 with 10 water meters. The County of Kauai, Real Property, recognizes CPR units and each of the 13 units are allowed one home plus an ADU. These thirteen Condominium land units can be marketed and sold as individual lots. Due to the fact this unique land once owned by the Hawaiian Monarchy, it is recorded in Land Court. In today's world, in order to CPR this land it would be most difficult and very costly. First to find an attorney willing to go through the Land Court process, maybe four years and well over $14,000,000 plus Public Hearings! Kauai Department of Water now charges $27,500.00 per water meter and then the cost to bring the meters across the road to the property! These ten water meters on Niumalu Gardens are like gold.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $15,229 CAD | |
| Land Assessment | $6,226,905 CAD | Total Assessment | $6,242,134 CAD |
PROPERTY TAXES
Presented by
McKnight Properties
2500 Niumalu Rd - Niumalu Gardens
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