5257 Kalanianaole Highway, Honolulu, HI 96821

$2,500,000 Asking Price

2 beds
1 bath
1,955  sqft
Built in 1955

AUCTION: BID 22–31 OCTOBER. Originally Listed For $5.9M. Starting Bid at Auction is now $2.5M. Rare Opportunity To Own Almost 1 Acre Oceanfront – Priced Under Tax Assessor's Value! This unique property features a charming Oceanside Cottage that was fully remodeled in 2020, and also a 29,000 sq ft Commercial Structure that has been home to many historic schools – including The Waldorf School and The Academy – offering versatile space for a variety of creative uses. With the flexibility to enjoy both the cottage and the historic structure, this R-10 zoned lot also offers the potential to reimagine this property into a custom luxury oceanfront estate, or even multiple homes of your design. When you start with an amazing Pacific Ocean view – extending from Aina Haina all the way to Portlock and Hanauma Bay Ridge – the possibilities are endless! Because the commercial structure is non-conforming, the buyer must do all due diligence on permits, zoning capabilities, and acquiring appropriate non-conforming use certificates. Additionally, the actual property configuration does not agree with the public record data, the buyer must do their own due diligence. This property is sold As-Is.

Features & Amenities

Interior

Flooring:
Other

Exterior

Style:
2 Bedroom Cottage,Detach Single Family
Pool:
None
Parking:
3 Car+,Carport,Driveway, Parking spaces: 10

Construction

General:
Double Wall,Wood Frame, One

Location

HOA Amenities:
None

Lot

Topography:
Level
View:
Mountain,Ocean,Sunrise

Utilities

Utilities:
Cable,Internet,Public Water,Telephone,Underground Electricity

This listing courtesy of:
RE/MAX ALOHA HOMES

About Honolulu, HI

Housing

Number of Units
177,568
Median Home Value
$780,672
Median Rent
$1,491

50.35% of housing units are renter occupied.

11.76% are vacant.

Commute

Car
59.97%
Public Transportation
8.43%
Walk to Work
6.34%
Work from Home
21.05%
Other
2.27%

The median travel time to work is 21 minutes.

People

Population
409,389
Median Age
43.50
Median Household Size
2.67

Education

High School
21.69%
Associate’s Degree
10.33%
Bachelor’s Degree
25.44%
Graduate Degree
15.67%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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