Status   ACTIVE  
"Coco Palms" Residential Development Opportunity
1335 Kalanianaole St., Hilo, HI, 96720 United States

$995,000
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MLS#242566
TypeMultifamily
StyleBungalow
AreaKeokea Houselots
Bedrooms3
Bathrooms3
Square Footage1612
Lot Size1.4 acres
Age2009
By the beaches in Hilo is a rare residential development opportunity. "Coco Palms" is located on 1.4 acres and is a planned 12-unit Polynesian-styled residential complex zoned "Hotel and Resort". If you imagined a little grass shack with every luxury amenity available, this would be it! Cantilevered over an ancient fishpond located in the center of the property, the thatch-roofed 3 bedroom, 3 bath model unit has been completed. The property has a total of 12 Condominium Property Regime ("CPR") units, with plans included in the sale for the 11 additional units.
Interior Features The model home is environmentally conscious and luxuriously appointed. Solar thermal heating system, solar hot water, custom ventilation and bamboo flooring are a few of the eco-friendly features. Obvious attention-to-detail is evident. Spanning the Oceanside length of the main living level is a spacious ten feet deep lanai, complete with ceiling fans and a granite counter outside of a kitchen pass-through... perfect for entertaining! Inside, a great room opens to a gourmet kitchen complete with granite counters, a cooking island and bar, Koa veneer kitchen cabinets, and top-of-the-line stainless steel appliances. E Komo Mai!
Additional Features and Amenities Because of the Hotel and Resort zoning, the future potential uses for this property are myriad. Live in the model home and enjoy the large natural fishpond all by yourself. Float in privacy and serenity while listening to the waves at nearby Onekahakaha Beach Park. Hang a hammock from the coconut trees & sway in the tropical tradewinds. Sip a mai tai on the lanai of the home while enjoying the view of the ocean & fish pond. Or, build a few other units. Plans are included for 11 other homes similar to the model home. Use them for friends, family, vacation rentals, or ??? The possibilities are unlimited. Build them and sell them. You control the density and the build out.