62-2163 Ouli St, Kamuela, HI 96743

Ko Aina Ranch, a 660 ac. parcel (1 square mile of the Big Island!), is located within 8 miles of the center of historic Waimea. Accessed from the Waimea side of Mud Lane, the county maintained and recently paved road is a picturesque drive through an 80' canopy of old-growth Eucalyptus. The last ½ mile section of road leading to the ranch is newly graded and graveled with a public hiking trail alongside for exploring this pristine area known as Waikoekoe. Approx. 500 ac. is newly fenced for cattle and there are approx. 8 miles of interior roads. Zoned Agricultural 40 acres, the owners have preliminary subdivision approval for 6 lots ranging in size from 60 ac. to 160 ac. There is an approved water variance for the 6 lots; seasonal rainfall provides ample water for an efficient catchment system common in the area. Upon receipt of Final Subdivision approval for the 6 lots (with the combined, projected list prices totaling approx. $9 million), the bulk sale price for the total 660 ac. may no longer be available. With a purchase of the entire 660 ac. further subdivision of up to 16 lots may be obtainable with County approval; consider a Buy and Hold for future appreciation. Growth is obvious in the neighborhood and recent sales support the list price. Of special note is the fact this property is bordered on 2 sides by Bishop Estate, 1 side by the Hamakua Forest Reserve and the other by aN AG-40 agricultural community further augmenting the impenetrable level of privacy available here. The 660.80 ac. parcel offers potential for a very private, very large up-country ranch estate or family compound; the AG-40 zoning could allow for multiple dwellings. Outside of a single-residence scenario, deservedly this land's highest and best use is as a sustainable farming or ranching operation or as a green, eco-friendly facility. The Waimea Golf and Country Club is approx. 1 mile away. Taxes will be reduced substanially in '09 with filing of Agricultural Dedication.