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Kauanoe o Kōloa

Kauai – Hawaii

Executive Summary

5425 Pau A Laka, LLC owns 25.386 acres of fully entitled vacant land located within the Kiahuna Poipu Golf Resort in Koloa, Kauai, Hawaii. Kauanoe o Koloa (the “Project”) is a 279-condominium Meridian Pacific (the “Developer”) development situated on the Kiahuna property just one mile north of the popular Poipu Beach and its surrounding luxury resorts.

Prior to vertical construction, 72 units (Phase 1) are in escrow with hard deposits with sales that total over $97 million. The Project will be developed in four phases with civil site work currently 80% complete.

The Project is likely the last condominium development on Kauai to be within a coveted Visitor Destination Area (VDA) allowing for short term transient vacation rentals that provide homeowners with income-producing properties. The Developer will retain 20 units for its vacation rental program earning up to $120k in annual net revenue per unit. Demand for Kauai homes has dramatically increased since last year and at higher sales prices than those in exclusively zoned residential areas.

Kauanoe o Koloa

Asset Overview

Asset Value:
$560,000,000
Address
5425 Pau A Laka Street
South Shore
Koloa, Kauai, Hawaii 96756
County
Kauai
Lot Size
25.386 Acres
TMK
(4) 2-8-14, Parcels 32 and 41
Zoning
R-10 Residential
Subdivision
279 Units
Location
1 Mile north of Poipu Beach
Adjacent to Kiahuna Golf Course
Area Designation
VDA (Allows transient vacation rentals)
Developer
Meridian Pacific, LTD.

Valuation Brochure