$415,000

1 By Sandy's Drive In

Kealakekua HI, 96704

Description

This Leasehold Coffee Farm is made up of two adjacent parcels for a total of 24 acres with approximately a total of 17 acres planted with 8,500 mature coffee trees. Out of the 17 acres, approximately 4 acres are planted with Catura Coffee Trees. The rest is Typica Coffee.

The Coffee tree spacing for the lower section is 6'x12 (11.929 acres) and the upper section is 5'x12' (12.960 acres). There is an approx. an additional 2 acres of undeveloped land for more crops. The age of coffee range from approx. 10 - 20 years.

Some farm equipment is included such as; Gator, Tractor, Spreader, Sprayer and mower.

Also included in this Leasehold Coffee Farm are:
- The Managers custom wooden structure (unpermitted) with kitchen, bathroom, living room, loft and lanai. Beautiful tongue & groove open beam vaulted ceiling, French doors and a lot of windows for natural light. On a cool night you can warm up with the wood burning fireplace.
- Small studio with a half bathroom.
- Wooden screened in structure which could be used as an art studio, yoga space or meditation room.
- 20'x30' Equipment storage
- Owned Solar package 6 panels and 8 batteries (water type).
- Back-up gas powered generator
- There are ponds through-out the property.
- Cesspool by workshop and another cesspool by slab.

This is a Leasehold Property and the Lessor is Wall Ranch Inc. & Kathleen Lassiter.
There are 2 leases: 11.929 acres & 12.960 acres with both leases expiring on 6/30/2032. This Leasehold Farm which is located in Waihou Farms is situated at the estimated 2100' to 2350' elevation and an estimated annual rain fall of 60 inches.

Cash only transaction because of the unpermitted structures and only 11 years left on the lease.
History on Cherry Harvest: 2010-2011 91,468 lbs., 2011-2012 57,335 lbs., 2012-2013 35,051 lbs., 2013-2014 34,048 lbs., 2014-2015 54,646 lbs.

Details

MLS#645535
Listing TypeFor Sale
StyleHouse
Sub-TypeLeasehold
StatusActive
Year2007
Days On Site94

Features

Bed(s)1
Bath(s)1
SQ Feet576
Acreage24.00
Property ViewYes

Market Activity 96704

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Area Information
StateHI
CityKealakekua
Zip Code96704
AreaBig Island
SubareaNorth Kona
Listing VS Median (in 96704)
Price:
$415,000
low | high
Med:
$219,500
97.10843373494% of Average
SqFt:
576
low | high
Med:
500
63.194444444444% of Average
$ / SqFt:
$720
low | high
Med:
$110
100% of Average
On Site:
94
low | high
Med:
231
40.692640692641% of Average
Sourced by Back At You
Listing Updated: May 14, 2021 8:35:17 PM PDT
Kirsten Carlson LogoMLS Number: 645535
Listing Provided By:
Kirsten Carlson  of  LUVA LLC

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