Honoapiilani Hwy
Lahaina, HI 96761
Pineapple Ridge · Land For Sale · 9.99 AC

CBRE IS PLEASED TO PRESENT THE UNIQUE OPPORTUNITY TO OWN APPROXIMATELY 10 ACRES OF FEE SIMPLE LAND ON THE UPPER WEST SIDE OF MAUI, COMMONLY REFERRED TO AS PINEAPPLE RIDGE. Pineapple Ridge offers sweeping views of the Pacific Ocean and Molokai in one of the most highly sought-after locations in the world, West Maui. It Is currently zoned Agricultural however is situated in the Maui Master Plan as residential. The Seller preliminary planed for a 24-single family home subdivision and entitlements need to be obtained. The property is situated along Honoapiilani Highway 7-miles to the north of Lahaina, 3-miles to the south of the Ritz Carlton, Kapalua, and 2-miles from West Maui’s Kapalua Airport. Pineapple Ridge is located on a gently sloping hill extending nearly 1,500 feet and has an elevation ranging from approximately 40 feet up to 90 feet above sea level providing fantastic ocean and mountain views. THE PROPERTY IS BEING OFFERED AT $4,200,000, FEE SIMPLE. INVESTMENT HIGHLIGHTS - A rare fee simple offering in Hawaii, 9.99 acres of land in upper west Maui, one of the most desirous locations to live and vacation. - Fantastic Location offering sweeping ocean views, sunsets, and other Hawaiian islands in the background can be seen from the gently sloping hillside. - Development potential being situated in the Maui Community Plan for single family homes. Initial rough plans completed by current ownership suggest approximately 24 home sites on the parcel. - Year over year, Maui’s single-family home market rose 13.03% from 2018 to $819,500, and has continued to show gains increasing 12.26% YTD through April 2019. - Over the last eight years, the island of Maui has enjoyed modest household and population growth (6.98% and 8.67%, respectively) with a rising household income that leads the state average at $104,637 per annum.