5257 Kalanianaole Hwy, Honolulu, HI 96821

AUCTION: BID 2231 OCTOBER. Listed For $5.9M. Starting Bids Expected Between $1.5M$3M. Rare Opportunity To Own Almost 1 Acre Oceanfront Priced Under Tax Assessor's Value! This unique property features a charming Oceanside Cottage that was fully remodeled in 2020, and also a 29, 000 sq ft Commercial Structure that has been home to many historic schools including The Waldorf School and The Academy offering versatile space for a variety of creative uses. With the flexibility to enjoy both the cottage and the historic structure, this R-10 zoned lot also offers the potential to reimagine this property into a custom luxury oceanfront estate, or even multiple homes of your design. When you start with an amazing Pacific Ocean view extending from Aina Haina all the way to Portlock and Hanauma Bay Ridge the possibilities are really endless! Because the commercial structure is non-conforming, the buyer must do all due diligence on permits, zoning capabilities, and acquiring appropriate non-conforming use certificates. Additionally, the actual property configuration does not agree with the public record data, the buyer must do their own due diligence. This property is sold As-Is.