$8,300,000
$12,272,000
32.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/30/2024
Key Details
Sold Price $8,300,000
Property Type Vacant Land
Sub Type HIS Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Hokukano Tract
MLS Listing ID 705967
Sold Date 08/30/24
HOA Y/N No
Annual Tax Amount $3,710
Tax Year 2023
Property Sub-Type HIS Vacant Land
Source Hawaii Information Service
Property Description
Rare Sandalwood & Koa Forest in South Kona
Exceptional opportunity to be owners and stewards of a Native Hawaiian Dry Land Forest, just 35 minutes South of Kona Town. Located between 4800 ft - 5800 ft elevation up the private paved Puu Lehua Drive. This unique ecosystem is among the rarest on Earth.
For the past 14 years, the Lee Ohana have tirelessly dedicated themselves to restoring this treasured forest. They've honed a process for producing the world's most valuable Sandalwood Oil, fueling the ongoing restoration of the land. There are only 18 species of Sandalwood found in the World, and 6 of those are Endemic to Hawaii. The Santalum Paniculatum species of Sandalwood is native to this land and the oil from these trees is regarded as the highest quality on the planet.
Restoration is achieved by meticulously harvesting dead and dying trees and implementing innovative methods that have revitalized the forest's vitality. Thousands of invasive species have been eradicated, feral animals removed, fences and firebreak roads built. Thousands of native trees have been planted, resulting in resurgence of the forest. Rainfall increased from 18 inches to 36 inches per year.
A professional inventory has been done showing Sandalwood and Koa trees valued at millions, this forest stands as a treasure trove of natural wealth. Great location for a Bird hunting lodge, an excellent habitat for pheasants and other game birds. Perfect location for a wellness or Family retreat.
Roads designed and built for easy access to potential home sites that offer stunning ocean and mountain views.
Seize this extraordinary chance to own, protect, and continue the legacy of this exceptional forest. Whether you seek a sustainable investment, a sanctuary of natural beauty, or a piece of Hawaiian heritage, this opportunity promises both value and a chance to make a profound impact.
Create a lasting legacy for generations to come.
Location
State HI
Community Hokukano Tract
Area 4.1151219E7
Zoning A-20A
Region North Kona
City Region North Kona
Exterior
Utilities Available Water Not Available
View Y/N Yes
Water Access Desc None
View Forest, HIS Coastline, HIS Sunset, Mountain(s), Ocean
Topography Rolling Terrain
Garage Yes
Private Pool No
Building
Lot Description Wooded
Sewer None
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
Special Listing Condition Fee Simple, Standard
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