This just listed property is over four acres located in Kapaa, on Kauai's east side. In Hawaii we often use the term CPR ( Condominium Property Regime) to describe the method of dividing a property through the Real Estate Commission. This property at 4477 Kanaele Rd. is a two-unit CPR. Unit A has a three bedroom plantation style home located on over 3.5 acres. Unit B used to be a "tea house" and is a small studio with a 3/4 bath and kitchen with a garage located on approximately half an acre.
This is a short sale with Bank Of America, and is listed for $449,000. The land alone probably holds that value or more.
View the details of the short sale on the Hawaii Life website,
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Ron Margolis, RA, CDPE, ABR Hawaii Life Real Estate Services 808.346.7095 email: firstname.lastname@example.org