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There is nothing like this on the market. This lot is an incredible opportunity to build two houses in the VDA.
The ability to add an Additional Dwelling Unit (ADU) provides flexibility for additional living space or rental income, enhancing the property's value. Being in the Visitor Destination Area allows for short-term vacation rentals, which is highly advantageous given the proximity to popular attractions like Poipu Beaches, golf courses, tennis/pickleball courts, Kukui'ula Shopping Center, hiking trails, food trucks, and Koloa Town. This makes it an excellent lifestyle choice and potentially a lucrative investment opportunity.
The property's location in a cul-de-sac ensures no traffic and a peaceful environment, while the level terrain makes development straightforward and appealing. All necessary infrastructure and utilities are already in place, including private roads, sewer, irrigation water, and security services provided by Garden Isle Security. Spectrum offers cable and wireless services at commercial rates, ensuring connectivity and convenience.
Cost Savings: Significant savings on HOA fees compared to other nearby subdivisions that restrict the use of ADUs and vacation rentals will save you tens of thousands of dollars annually on HOA fees and allow you the potential to make tens of thousands of dollars in rental income.
Overall, this lot presents a compelling opportunity in a highly desirable location. It offers flexibility, income potential, cost savings, and convenience. It is an ideal investment for those looking to capitalize on the vibrant tourism and residential market in Poipu, Kaua'i.
It's easy to see. Maps and subdivision information are available. The seller is a licensed Real Estate Broker in Hawaii.
