I have found a plot of land on Makena Rd in Maui listed at $3.25M. The listing for Zillow is as follows:
"5147 Makena Road is a landmark lot located across from the beach in Makena, South Maui. The lot boasts captivating unobstructed ocean and mountain views and is adjacent to the Makena Golf & Beach Club. This rare lot comes with approved plans for a luxurious 4-bedroom, 4.5 bath, 7,386 sq. ft. home with a pool and inspired landscaping, affording buyers the ability to build without having to go through the lengthy new SMA approval process required of all new proposed constructions near the ocean. The plans include many premium features, including custom cabinetry, high-end stone surfaces, and crown moldings. In addition, a photovoltaic power system provides green energy and reduces the home’s carbon footprint. A rendering of the spacious home is viewable above; detailed construction and landscaping plans are also available for your review. The Maui resort lifestyle flourishes in Makena, with fabulous golf and ocean recreation options easily accessible. Molokini Crater, famed for its incredible snorkeling, is located just offshore. Makena is also highly desirable for its proximity to the luxury shopping and services found in nearby Wailea, which is just a six-minute drive from home. In addition, gorgeous Little Beach and Makena Beach, Maui favorites, are located just six minutes to the south. 5147 Makena Road combines a breathtaking location and the luxury of approved home plans, a truly unique offering!"
I'm looking to raise $7M to build a spec home that will be listed at $15M+. In the past two years, 13 homes have been sold on the same road at closing costs ranging from $10M to $32.7M. There is an alternate plot of land available on the same road listed at $2.35M that does not have pre-approved plans but has an acreage of 0.659 as opposed to the 0.48 acres of the other listing. Please contact me if interested.
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