39-3298 Old Mamalahoa Hwy Ookala, HI 96774

Tremendous oceanfront development opportunity. This property was recently rezoned to AG-5 (minimum 5 acre lot size), and surveyed at 20.027 acres, with potential to subdivide into 4 oceanfront 5 acre lots. The existing oceanfront home is serviced by both county water, and well. In addition, there are up to 6 more county water meters available. This property gives you a sense of old Hawaii, looking out over the Pacific Ocean. Set far from the highway and without road noise, it is the perfect setting for you to enjoy the best of life in Hawaii.<br><br>See the property video tour and 3D virtual tour for more!<br><br>The home has just under 4,000 sqft of living area, with approx 700sqft of ocean view lanais. Though updating could be done, this home is move in ready. With vaulted ceilings and an open concept living area, ocean views abound. There are 5 room suitable for sleeping & guests. The primary suite has ocean views, with large bathroom w/jetted tub and walk-in closet. Just off the primary is a 2nd bathroom, with 2nd bedroom adjacent. Next is a large office/den, which could also be used for guests. Upstairs: 1st loft has 2 enclosed rooms setup with beds, bath, and large open space. A 2nd large loft offers even more flexible space. A 3 car garage is attached to the home.<br><br>This property is buffered from road noise, with tremendous privacy. Endless potential to create a multi generational estate with several homes. Much prep work has been done, and the potential oceanfront lot subdivision offers a uniquely high demand/short supply product. Additional due diligence recommended, no warranties or guarantees. <br><br>The home is fully permitted; around 2020 past foundation issues were addressed, and interior floors redone. <br><br>There is an additional carport/ag storage building of approx 720 sqft, as well as a barn on the property. <br><br>NO unscheduled or unsupervised visits to property.