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Waikii Ranch – Lots or Homes For Sale?

I have had multiple calls in the past couple of weeks asking if there are any Waikii Ranch lots for sale. The answer is that there are no active listings of vacant lots, and there is only one active residential listing!

10 acres vacant land Waikii Ranch

Waikii Ranch subdivision lots are 10-, 20- or 40-acres in size; many of them coastline and ocean views.

Waikii Ranch Vacant Land Sales on Strong, Possibly Record Pace

Currently there are two lots in escrow, and ten vacant lots already sold so far in 2020. That compares with 5 lots sold in 2019 and 8 lots in 2018. Prices have crept up for the 10- and 20-acre parcels over the past few years from a median in the mid-$200,000s to the mid-$300,000s. The few 40-acre lots have been commanding a premium. One that sold before release to market for $575,000 this year is typical of recent sales. In 2013, I represented the Seller of this same parcel; it sold at that time for $332,500.

Summary – Waikii Ranch Lot Sales 2020
# Lowest Highest Average Median Mode
Listings 11 $250,000 $600,000 $338,091 $320,000 $320,000
MLS Sale $ 11 $240,000 $575,000 $325,455 $310,000 N/A
DOM to sale 11 0 534 188 223 0
Sale/Current Price 11 86.5% 100.0% 96.1% 96.9% N/A
Sale/Original Price 11 68.6% 100.0% 88.3% 87.3% N/A

Residential Homes at Waikii Ranch – One Active Listing for Sale

Each Waikii Ranch lot has a grazing and equestrian easement on the back portion; this view from the home currently for sale.

I recently toured the one residential listing at Waikii Ranch with some buyers who had wanted to look at vacant lots, only to find none available when they finally arrived on island. We decided to see whether the current Waikii Ranch home for sale could work for them. They still have their heart set on building their dream home, but I found a lot to like in this listing and am surprised it has not yet found its buyer.

Ocean View from Waikii Ranch Home for Sale

What I like about this home:

  • Great location on the south rim of Waikii Ranch with ocean and coastline views
  • Set well back from the road, with paddocks in place for horses or other livestock
  • Although many buyers today prefer single-story homes, this two-story has the layout we see in many resort homes with main living areas on the second floor to capture the panoramic views.
  • Although most buyers would want to do some updating, the floorplan and finishes in this home are classic.

If you are interested in horse property or vacant lots with acreage, there are alternatives to Waikii Ranch. You can call me to discuss what else might work for you.

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