Do the Math: A Smarter Way to Own at the Club at Kukui’ula Kauai

Here is a unique opportunity on Kauai to buy two homes on one lot. 5033 Lau Nahele is a rare two-home compound located in the private Kukui’ula community on Kauai’s South Shore.

Purchase Price for Two Homes on One 19,803 sq ft Lot 23-A at 5033 Lau Nahele Street: $6,000,000

Property may be legally re-subdivided into two separate home parcels after purchase:

• Lot 23 9,407 sq ft
• Lot 24 10,396 sq ft

Each home includes:

• 1,640 sq ft air-conditioned living
• 2,000 sq ft indoor-outdoor living
• Private swimming pool and spa
• Detached two-car garage

Market Reality

Comparable Kukui’ula sales support pricing of approximately $2,500 per air-conditioned square foot.
Implied value of one home: 1,640 sq ft x $2,500 = $4,100,000

The Strategy

1. Buy the two-home compound
2. Subdivide into two legal parcels
3. Sell one home at market value
4. Apply proceeds toward the home you keep

Sale of One Home – The Numbers

Sale price of 1 home: $4,100,000
Estimated transaction & property costs: ($250,000)
Estimated capital gains and state taxes: ($250,000)
Net cash proceeds: $3,600,000

Net Cost To Own

Original purchase price: $6,000,000
Less net proceeds from sale: ($3,600,000)
Net cost to own one home at Kukui’ula: = $2,400,000

Bottom Line

Buy two. Sell one. Own a Kukui’ula home for approximately $2,400,000. This is roughly $2,000,000 less than the lowest priced home currently for sale at Kukui’ula. Just do the math. See full listing details at MLS 722756.

Contact Lori Decker for more information.