Coconut Plantation Village Listing Details & Market Data

› Situated between Courtyard Marriott Hotel and Waipouli Beach Resort › Approximately 10 minutes from Kauai Airport › Near the bustling and unique communities of Kapa’a and Wailua and includes a wide variety of restaurants, shops and tourist attractions › Walking distance to the well-known Coconut Marketplace › Within close proximity of 18-hole championship golf course and other courses › Longs Drugs located across Aleka Loop › Safeway - full service grocery store across the streetThe Coconut Plantation Village development site (the “Property”) offers 11.78 acres of entitled oceanfront resort-zoned land on Waipouli Beach on the eastern shore of the beautiful Hawaiian island of Kauai. The Royal Coconut Beach coastline consists of white sand beaches backed by a beautiful mountain range, and the magnificent mount Wai’ale’ale. Kauai high chiefs once made their homes there as it was considered one of the island’s most sacred areas. The site boasts excellent ocean, coastline, and mountain view planes. The Property is fully entitled, with unique entitlements in perpetuity, to allow for 192 apartment/condominium units and 6 hotel rooms. The developer can either sell the units and continue ownership and management of the front desk or continue owning all units and operate them as a more conventional hotel use. Key benefits to these particular entitlements include: • In-place entitlements save risk associated with development on Kauai and time. * The entitlements are in perpetuity in the event a developer wishes to land bank. * This project requires a nominal 3-unit affordable requirement in a market that can command 35-50% affordability * No major off-sites required. * Water and vital infrastructure is available to site. * Hawaii is unique in allowing condo-hotel deposits to be applied toward the capital stack. Coconut Plantation Village is an ideal opportunity to capitalize on one of Hawaii’s only development-ready, oceanfront properties located in a desirable Kauai location.