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Aleka Loop - Coconut Beach Resort 20.97 Acres of Commercial Land in Kapaa, HI 96746

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INVESTMENT HIGHLIGHTS

Property is ideal for a resort developer
Desirable oceanfront location in Kapaa, a central location for visitors wishing to travel to all corners of Kauai
Property is flat with infrastructure delivered to site, including water and sewer

Desirable entitlements in place with 343 condominium and 6 hotel units
Ideally located oceanfront land in resort-zoned area
Limited resort development, in particular oceanfront opportunities throughout the state of Hawaii

EXECUTIVE SUMMARY

The Coconut Beach Resort development site is offered for sale in connection with the chapter 7 bankruptcy case of SPD II Makaiwa Resort Development, LLC (“SPD”) currently pending as Case No. 23-07153 in the U. S. Bankruptcy Court for the Northern District of Illinois (“Bankruptcy Court”) by the duly appointed and acting trustee (“Trustee”) of the SPD bankruptcy estate. The Trustee is selling the property pursuant to certain bidding procedures to be approved by the Bankruptcy Court (“Bidding Procedures”). The property will be sold pursuant to order of the Bankruptcy Court under Section 363 of the United States Bankruptcy Code free and clear of all liens, claims and encumbrances to the greatest extent authorized under applicable law. Parties interested in purchasing the property may contact The Bratton Team for additional information, including to request a copy of any Bidding Procedures approved by the Bankruptcy Court.

2025 Coconut Beach Resort FS_Final

Offering Memorandum

PROPERTY FACTS

Sale Type	Investment	Property Subtype	Commercial
No. Lots	1	Proposed Use	Hotel
Property Type	Land	Total Lot Size	20.97 AC
Zoning	RR-20

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Hotel
Total Lot Size	20.97 AC
Zoning	RR-20

1 LOT AVAILABLE

Lot

Lot Size	20.97 AC

Lot Size	20.97 AC

The Coconut Beach Resort development site consists of approx.21 acres of prime entitled, oceanfront, resort zoned land on the beautiful Hawaiian Island of Kauai, located along the Royal Coconut Coast of Kauai.

DESCRIPTION

The Property is fronted by pristine white sand beaches, backed by majestic mountains, and surrounded by great hiking, dining, shopping and historical sites. The Property is entitled to 343 condominium units and 6 hotel units. The entitlement process on Kauai is known to be challenging; however, building permits have already been submitted to the County of Kauai (2018), which will provide a developer substantial time and cost savings during the pre-development stage.

PROPERTY TAXES

Parcel Numbers	Multiple 4-4-3-002-020-0000 4-4-3-002-015-0000 4-4-3-002-016-0000	Improvements Assessment	$0
Land Assessment	$16,545,100	Total Assessment	$16,552,100

PROPERTY TAXES

Parcel Numbers

Multiple

4-4-3-002-020-0000
4-4-3-002-015-0000
4-4-3-002-016-0000

Land Assessment

$16,545,100

Improvements Assessment

Total Assessment

$16,552,100

(808) 375-9708

CONTACTS

Mark Bratton
Michael Perkins
Colliers

Listing ID: 39002476
Date on Market: 1/7/2026
Last Updated:
Address: Aleka Loop, Kapaa, HI 96746

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