Sold for $1,100,000 on Jan 16, 2019
A rare opportunity to acquire a one-acre, fee simple parcel one block from the Cove Park Beach in Kihei, Maui County, Hawaii. âCove Beach Villageâ is a fully entitled condominium project for 32 two-bedroom units slated for this parcel. The project is shovel-ready and has completed condominium documents, and the Shoreline Management Approval from County Agencies. Complete architectural plans including structural, mechanical, electrical, plumbing and civil. County permit process near completion. With high demand for long-term rentals on Maui Island, the Property could also be rented as an apartment building. Situated between S. Kihei Road and Piilani Highway providing easy access to nearby amenities, including the Kahului Airport, Lahaina and Wailea resort areas. Adjacent amenities including beach rentals and surfing, a grocery anchored shopping center, eateries, golf courses and many tourism related activities. Maui has an exceptionally strong housing market for multifamily rental and for-sale condominium units. Excellent location one block to the world-famous beaches of Maui, offering views of the Pacific Ocean, Lanai and Ko'oholawe Islands. Documents may be reviewed upon request.
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