$8,000,000
$8,650,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
5539 WEKE RD Hanalei, HI 96714
4 Beds
3.25 Baths
2,876 SqFt
Key Details
Sold Price $8,000,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,876 sqft
Price per Sqft $2,781
Subdivision Hanalei
MLS Listing ID 706677
Sold Date 09/16/24
Bedrooms 4
Full Baths 3
Year Built 1987
Annual Tax Amount $54,261
Lot Size 0.773 Acres
Property Description
A rare offering in the iconic surf town of Hanalei, on the "Garden" island of Kauai. This centrally located, 4 bedroom / 3.5 bath beach house on Weke Road comes with an adjoining riverfront lot. The gently sloping vacant lot holds potential for two additional homes and a pool (to be confirmed with County). Create your dream compound a stone's throw from the beach.
This pairing of two parcels in the heart of Hanalei creates ample space in an optimal location. With the Weke Road Beach House parcel conveniently situated near the iconic Pine Trees surf break and the Waioli River Lot with ocean access via the tranquil Waioli River, the property is a canvas for the creation of an indoor and outdoor living space that celebrates the natural surroundings while embracing your personal vision.
The 2,876 sqft house features 4 bedrooms, 3.5 baths, a large usable loft, an outdoor shower and a garage. Second-floor decks and ground-floor lanais promote harmonious indoor and outdoor living, while upgrades such as refinished wood floors, new kitchen appliances and granite countertops enhance its appeal.
The half-acre Waioli River Lot is a unique blank canvas poised for the creation of a custom residence as well as an additional dwelling unit (ADU). Direct access to the river provides a personal playground for water-centric activities or peaceful days lounging by the water's edge. The combination of the two parcels creates the opportunity to extend the yard of the Weke Road Beach House, incorporating a pool or other creative elements.
This property presents a rare chance for you to shape your dream living space, perfectly aligning with your personal taste. Experience the joy of living in one the most sought-after neighborhoods on the North Shore with direct access to the activities, sights, and sounds that epitomize the quintessential beach life of Hanalei, Hawaii. Both parcels are located within the IRS Opportunity Zone.
Location
State HI
Area Hanalei
Zoning O
Interior
Flooring Hardwood
Exterior
Parking Features Covered
Garage Spaces 360.0
Pool No
View Bay, River, Waterfall, Mountain
Building
Lot Description Cul de sac
Sewer Septic
Water County
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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