48 Ainaola St, Wailuku

$520,000

MLS® #: 401613
48 Ainaola St
Wailuku, HI 96793

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48 Ainaola St, Wailuku

$520,000

MLS® #: 401613
48 Ainaola St
Wailuku, HI 96793

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0 Beds

0 Baths

0 Sqft

.16 Acres

0 Garages

Overview 0.16 Acres
Listing Type Vacant Land
Office: Maui Tropical Realty

This ready to build 7,118 sq ft lot offers an exceptional opportunity for homeowners, builders and investors alike. Conveniently located near schools, shopping, parks, and pristine ocean beaches makes it an ideal spot for families, professionals, and outdoor enthusiasts. On site County water meter, utilities and no HOA makes this a very desirable lot that won't last long!

Listing Information
Public Information

MLS® #401613

Price$520,000

Bathrooms0.00

Acres0.16

TypeVacant Land

Sub-TypeVacant Land

Land TenureFee Simple

StatusActive

Address48 Ainaola St

AreaWailuku

CityWailuku

StateHI

Zip Code96793

ViewOther

WaterfrontNone

Date ListedMarch 22nd, 2024

Days on Market127

Description Land TenureFee Simple

OfficeMaui Tropical Realty

Wailuku Statistics

To view all homes for sale, recent sales, maps, floor plans and learn more, visit our Wailuku Real Estate page.

May. 1Status Changed from Pending to Active

Apr. 5Status Changed from Active to Pending

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Quick Details

This Property is priced at $520,000 and located at 48 Ainaola St, . With 0 Bedrooms and 0.00 Bathrooms, it offers a total of 0 Square feet. This Vacant Land was built in 0 and its status is Active. This property is represented by Justin K Shaw Rs-77613 of Maui Tropical Realty, Contact Number 808-757-1079, our team of Realtors can represent you at no additional cost.

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THIS LOT IS NOT IN A SUBDIVISION. This is country living in town. Some of the surrounding lots are cluttered but if you want a really big lot for way less than what's on the market. Compare to all the other subdivision lots in the 96793 zip code and lot 57 is by far the very best value for sale. Water lateral is in the ground. Water meter is available and just needs to be dropped into the box. Lot 56 is contiguous and has his meter. As of January 15, 2024 this lot qualifies for the Maui County Assistance Pilot program which offers grants up to $100,000 to build an accessory building or 2nd farm dwelling for residents long term occupancy. Bill 38 CD1(2023) follows the Council's enactment of Ordinance 5525. The zoning code allows one accessory dwelling unit(ADU) on all residential lots of at least 7,500 SF. This lot can be CPR'd into several lots. Lot 57 is in the Pi'ihana project District with the FEMA designation of Zone X/no flood. There is an existing perpetual flood plain easement from 1980 which is obsolete and no longer relevant pursuant to the 2021 Army Corps of Engineers 335 page study deeming the area NOT in any flood zone due to mitigating factors done over the past 44 years. I will be doing a topographical survey map for the lot which should indicate which part of the lot is in the flood plain if at all. I have been communicating with Jordan Molina in Public Works to remove this obsolete flood plain easement. All my communications with Public Works will be on Assoc Docs. Only a portion of lot 57 pursuant to the flood plain survey done by Control Point Surveyors in 2011 is in the flood plain and the flood plain document DOES NOT prohibit permanent structures in the obsolete flood plain. Read EXHIBIT A in Assoc Docs to see the permitted uses in the Project District. Re: the BRIDGE requirement for the 600 unit Pi'ihana Project District development. The funding is in place from the state, federal and county levels plus local developers building in this area. The bridge is imminent and will be built. Here are some good SOLD comparables all in Wailuku zip code. 0 Kauna Lipo Dr. with 23,849 SF SOLD for $580,000 on 2/3/2023 @$24.32 PSF. 0 Kiha with 24,432 SF sold for $630,000 on 2/28/23 @$25.78 PSF. 531 Kauna Lipo Dr. with 17,960 SF sold for $649,000 on 4/5/2024 @$36.14 PSF.. A Wailuku lot with 2,814 SF just sold on 3/8/2024 for $357,000 @$126.87 PSF. A 7,568 SF lot sold for $350,000 on 2/15/2023 @$46.25 PSF; An 11,330 SF lot sold for $412,500 on 1/27/2023 @36.41 PSF and a 9,278 SF lot sold for $412,500 0n 1/27/22023 @$44.46 PSF. If you want a gated and manicured subdivision this lot is not for you. You need vision to see what it can be. It's only $21.85 PSF. By county ordinance you can draw water from the IAO Stream for irrigation.

1503 Piihana Rd, Wailuku

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MLS® # 402101

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Aloha! Welcome to an exceptional investment opportunity with this bank-owned vacant land in the heart of Wailuku. Spanning approximately 3.42 acres, this lush property once hosted a residence and now offers a blank canvas for your dream home or development project. Nestled in a serene environment, the land boasts breathtaking ocean and mountain views, providing a picturesque backdrop for your future residence. Whether you envision a luxurious estate, a cozy retreat, or a lucrative investment property, this prime piece of land holds limitless potential in one of Hawaii's most charming locales. Wailuku, is a vibrant town rich in culture and natural beauty, offering a plethora of recreational activities and entertainment options. Outdoor enthusiasts can explore the stunning Iao Valley State Park, hike the scenic trails, or enjoy water activities at the nearby beaches. The town is also home to the Maui Arts & Cultural Center, where you can experience diverse performances, from local Hawaiian music to international acts. Dining in Wailuku is a treat, with an array of restaurants offering fresh island cuisine. With its unique blend of outdoor adventure, cultural experiences, and culinary delights, Wailuku provides an idyllic setting for residents and visitors. Don’t miss this chance to create your own paradise! All buyers are responsible for confirming City, County, Zoning, Tax, Schools and other records to their satisfaction before bidding. There are no inspection contingencies in the contract. No repairs before closing. This property is sold As-Is. This is a REO auction property.

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Listings provided courtesy of the REALTORS® Association of Maui.

48 Ainaola St, Wailuku

$520,000

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48 Ainaola St, Wailuku

$520,000

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