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Kilolani at Kukuiʻula

Kauai – Hawaii

Executive Summary

MP Kauai HH Development Fund, LLC owns 15.64 acres of residential zoned land which is subdivided into 46 lots within the exclusive Kukui’ula south shore community of Koloa, Kauai. Adjacent to the prestigious Club at Kukui’ula and as part of the Kukuï’ula Master Planned Development, Kilolani at Kukui’ula (the “Project”) is a Meridian Pacific subdivision development of (46) oceanfront three- and four-bedroom luxury cottages.

The Project is within a Visitor Destination Area (VDA) allowing for short term transient rentals and is also situated in an “opportunity zone” offering significant tax advantages. The cottages are currently valued at an average of $6.2 million each (sales approach). Alternatively, the cottages can be placed in the Kukui’ula Resort rental program whereby each cottage can generate an approximate $885,000 in annual gross rental revenue ($482,000 net) to provide a homeowner and/or real estate investor with an income-producing asset valued at $10 million (income approach). The Project is surrounded by a rich array of private resort amenities including Kauai’s future 6-star Ohi’a Resort (a new addition to the Auberge Resorts Collection planned for 2026), and steps to Kauai’s premier south shore beaches.

Kilolani at Kukuï'ula

Asset Overview

Asset Value:
(Sales Approach)
$286,000,000
Asset Value:
(Income Approach)
$460,000,000
Project Name
Kilolani at Kukuiʻula
Lawai Road | South Shore
Koloa, Kauai, Hawaii 96756
Parcel Size
15.64 Acres
TMK
(4) 2-6-019 (Lot 29)
Kukuiʻula Master Plan
Zoning / Area Designation
R-10 Residential
Opportunity Zone / VDA
No. of Units/Lots
(Subdivision)
46 Cottages
Location
South shore coastline
Adjacent to future Ohi'a Resort
Adjacent to Kukuiʻula Golf Resort
Developer/Broker
Meridian Pacific

Valuation Brochure