PORTION 16 - MAJOR PRICE REDUCTION ! This is a lovely, rolling hillside piece of land. There are many different environments and areas to discover and mold into your home and land. This almost ELEVEN ACRE piece proudly stands – with its ~ Sweeping valley views ~ Beautiful grassy meadows, steep slope with ocean view at top. ~ Arc of mystical mountain views ~ On the dry North East corner of the North Shore UNREAL OPPORTUNITIES . . . But there are reasons. This property is on a 190 Acre project in Moloaa, Kauai - Tax Map Key 4-9-11-13, zoned Open by County. It is subject to a Co-Tenancy Agreement, limiting the project to 24 house sites & 21 CPR Units. The owners hold interest as Tenants in Common. Property is also subject to a Declaration of Condominium Property Regime (CPR). Based upon Hawaii Law, HRS 514A & B, the CPR was formed by the recording of the Declaration, at the Bureau of Conveyances in 2008. That law states that the apartment units that were created cannot be sold until the Hawaii Real Estate Branch issues a Developer’s Public Report which will not happen until Kauai Planning Department state that the required infrastructure is permitted & there are no violations. The Homeowner’s Association will process the Public Report when the roadway is permitted. The County will not give permits for owners to build homes until the roadway is permitted. Other issues may affect each owner’s right to enjoy the property, including a new County law that limits density on Open zoned land & might apply to this Project. Each potential owner should do their own “Due Diligence” investigation with reference to all issues (including potable water). Ownership will be in the form of an “Undivided Tenant In Common” interest, pursuant to a Limited Warranty Deed and any sales will be “As Is Where Is”. Assessment, Taxes and CPR map possibly inaccurate.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
