$1,590,000

Rare North Kihei development opportunity! Build your dream home just a short walk from the beautiful North Kihei beaches, or explore the potential to create much-needed housing in one of Maui’s most supply-constrained communities. This 1.53-acre infill parcel includes an existing 2-bedroom, 1-bath home and benefits from preliminary 4-lot subdivision approval. Conceptual plans contemplate the creation of up to 12 detached residential homes through the subdivision and CPR process, offering a unique opportunity for builders, developers, and investors seeking to help address Maui’s housing shortage while creating substantial value. The property is surrounded by established single-family neighborhoods and is conveniently located near shopping, schools, employment centers, public transportation, Kahului Airport, and Wailea. Extensive due diligence has already been completed, including cultural, archaeological, traffic, environmental, engineering, and drainage studies. Existing residence may provide interim rental income while development plans are finalized. Seller may consider carrying a portion of the purchase price at 9% interest for qualified buyers submitting a full-price offer, providing additional flexibility and potentially reducing upfront capital requirements. Potential Development Benefit: Beginning July 1, 2026, Hawaii’s new expedited housing permitting legislation may provide qualifying residential projects with a streamlined approval process designed to accelerate the delivery of much-needed housing. The legislation establishes procedures for expedited permit applications for certain single-family and multi-family housing projects and includes provisions for licensed third-party review under specified circumstances. Buyer to independently verify applicability, eligibility, requirements, and potential benefits with Maui County and their professional advisors. All comments, data is provided by seller or seller's representatives.