Just as the deals seem like they have all dried up in Haiku, we decided to bring you a belated New Year's present. We have two parcels located near the intersection of Pakanu/Upper Ulumalu/Waipulani, which are two great Haiku real estate listings that offer some real upside potential.
#1. 40 Waipulani Rd. (2.5 Acres Vacant Land)
The first property is a vacant land parcel that is 2.5 acres with full utilities available and a county water meter priced. This property has two nice building sites, ready to go.
2.5 acres of vacant land in Haiku (MLS# 358663)
The topography is varied on this lot. An intermittent stream runs through the lot and there is a large flat area in the middle of the lot that would be perfect for farming along the stream bed. Right now, there are many wild coffee trees growing here.
Zoning allows one large home and a farm dwelling that can include 1,000 sq.ft. of living area. You also may build other farm related structures such as barns, packing sheds, and agricultural fruit stands. Priced at $349,900, this is the lowest priced 2 acre lot in Haiku with a water meter. This lot does not have an ocean view.
#2. 811 Upper Ulumalu Rd. (2.5 Acres with Home)
The second property is also 2.5 acres, with a plantation-style house about 900 sq.ft., and a large covered deck on two sides of the house. The house has been recently remodeled with a new kitchen and appliances, interior and exterior paint, all new windows and doors, and many other upgrades.
2.5 acres with home (MLS# 358868)
This property is adjacent to the vacant lot above and could be part of a compound including a house and farm dwelling on each lot. Half of this property includes a forest of 100-foot tall Eucalyptus Robusta, which are a timber grade tree, widely used on island for construction on Maui in the 1970s when Helle logging had a mill in Puunene. So, buy a small mill, mill your own lumber, and build a cabin.
I actually owned a Mobile Dimension mill in 1982 and we milled a lot of Eucalyptus in the Olinda area that was used for fencing and some construction projects on Maui, so this is a real possibility.
This property also has full utilities, an existing cesspool that services the present home, county water, phone and cable nearby. Price is $599,900.
Live the Haiku Life
I live in very close proximity to both of these properties and can show both of them on relatively short notice. I have lived in the area since the late 1970s and am very familiar with the climate, developing land, and various agricultural endeavors, and love living my Haiku life - let me show you the way.
Aloha from the listing broker,Tracy Stice R(B) 808.281.5411 Tracy@HawaiiLife.com