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Development Opportunity in Paia

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Paia has seen a significant increase in demand for real estate over the last 20 years. Its profile both as a national and internationally renowned beach town has grown with each new magazine or newspaper article that highlights the community. While demand has grown, there has been very limited increase in housing supply over that time. Outside of the Sprecklesville neighborhood, the last new development was in 2003. There are just a handful of vacant lots in the community remaining. This makes our listing in the Kuau area all that much more intriguing. The 14,478 square foot, R-1 zoned lot includes an existing 2 bed, 1 bath home. There is potential to add on to the existing home, and the zoning allows the potential to build another home and a cottage.

The location is about as close as you can get to the famous Ho’okipa Beach Park. This beach offers surfing, windsurfing, kiteboarding and stand up paddle boarding. The sheltered tide pools are a great place for kids to play. Mama’s beach is located just across Hana Highway from the property. It too has sheltered tide pool areas that are a good spot for kids. It also happens to be the backyard for Mama’s Fish House, arguably the best restaurant on the island. There are a variety of other surf breaks within close proximity to the property. Downtown Paia is less than five minutes drive away. There you will find more restaurants, shops, a great health food store, yoga studios and other amenities.

An aerial view showing a developable lot in the Kuau aea looking to the North West

View to the Northeast looking over the lot towards Hookipa Beach Park

The existing two bedroom, one bath home was built in 2011. It is a comfortable space with quality features including stained concrete floors, a storage loft, carport and private lanai. Since it is close to some of the island’s most consistent surf spots, there is plenty of room to store lots of different water toys.

The interior of the existing two bedroom, one bathroom cottage

Lanai of the Kuau Cottage

View of the lot in Kuau

This property is offered for $1,180,000. You can see more photos and details at the 744 Hana Highway listing page. Contact The Maui Real Estate Team to arrange a showing or to discuss the property with an agent.

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2/13/2018

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