0 Southern Border Ala Ohia Waimea, HI 96743
This exceptional 60-acre parcel in Waimea, Hawaii (APN: (3) 6-7-2-64), offers a unique investment opportunity. Priced at $14,500,000, this fee simple land is zoned RS-10, allowing for a minimum of 10,000 square feet per lot. The property is ideally situated on the "dry" side of Waimea, boasting stunning views of Mauna Kea, Mauna Loa, Hualalai, and the Kohala mountains. Its location provides convenient access to schools, shopping, dining, and the North Hawaii Community Hospital. This fully entitled land is ready for development, with plans for approximately 170 single-family homes on lots ranging from 10,000 to 15,000 square feet. Strategically located near the future Waimea bypass road, this development promises high demand. Utilities are readily available, including Hawaiian Electric Light Company for electricity, Hawaii County Department of Water Supply for water, and Waimea Wastewater Company, Inc. for sewer. The topography is level, and the property is located outside the 500-year flood plain (FEMA Zone X). This rare opportunity presents a chance to capitalize on the desirability of Waimea, a charming town known for its Paniolo heritage. Don't miss this chance to acquire a significant piece of Hawaii real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.