Oceanview lot in Hawaii for about $22,500? Something is not right here. Story does not add up.
“Oceanview lot in Hawaii for about $22,500?”
I haven’t seen the specific location of the property, but in Hawaii it could be on the side of a volcano and easily be miles from the coast, but still have “Oceanview”.
it was at auction and apparently SHE was highest bidder. you do know how auctions work...right?
I own a lot in Hawaiian Paradise Park. It’s south of Hilo on the big island and is one of the most affordable places to buy in Hawaii.
https://www.realtor.com/realestateandhomes-search/Hawaiian-Paradise-Park_HI
The area south of Hilo on the Big Island is still very cheap. Even ocean front houses are under $1MM recently. Of course, they are on a 20-30’ high cliff over the ocean.
This area is downhill from the Mana Loa volcano. It erupts every once in awhile. It is east of Kilauea. So, I suspect nobody is going to sell you home owners insurance on these properties. At least homeowners you could afford.
There are plenty of houses in this area for around $500K. Brand new on 1 acre lots. Also, you need to have a water tank in most of these lots. Wells do not work. I do not think there is city water either.
The other issue with this area is that it tends to be the rainy side of the island. Hilo gets a huge amount of rain. It comes down in buckets. I drove through a storm on that side of the island. I wished I had another speed on the rental cars wipers.
The Kona side of the island is the dry side. This is where all the expensive resorts are located on the Big Island. Along the west facing side.
The nice thing about the Big island is that they grow a lot of food and BEEF there. So, food is not as expensive as Maui. In fact, I think you could grow anything there on the east side of the island. Its 80 degrees everyday. It rains a lot. There are many places that are jungle.
An auction was mentioned. In many areas, that implies a county sale based on an unpaid ad valorem tax amount. That's usually the auction price starting point. Title owners then (generally) have a period in which they can pay the "tax owner" and reclaim the "tax title". These things vary from state to state, but it could be that the entire story isn't in this article.
You are forgetting that this is on the windward (crappy) side of the (crappy) outer island of Hawaii - not Waikiki!
I have bought and sold multiple lots in HPP (Hawaiian Paradise Park), and that price is right in line with my expectations (for a quarter-of-an-acre lot, no utilities).
Regards,
Yah, plus a house >outhouse being only $500K?? Everything in Ha has to be shipped in, probably from Japan. Perhaps the developer is low balling the estimate to duck taxes, until it is sold for $3M.
If you have ever driven that part of the island you would see why. It is just volcanic rock and nothing else. You can probably still get an acre plot for $1000 bucks there. If you like heat, meth, and lava. It’s great.
If this woman was smart, (she sounds like a goofball lib) she would assume the house on the land. It is damn near impossible to get legal permits to build anything in Hawaii. And will anyone tell her the “carbon footprint” of her scheme?