New 3 Bedroom/3 Bath Oceanside Home on 12 Unit CPR Parcel
Property Website: www.KellyMoran.com/242566.asp
Virtual Tour: www.tourfactory.com/409538
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.
The address is 1335 Kalanianaole Avenue. 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.
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!