68-1529 AUWAIAKEKUA PL, Waikoloa, HI 96738 - Hawaii County

Location, Location, Location!! Unlock one of Waikoloa Village's most dynamic development opportunities! This rare 10.75-acre corner parcel sits at the intersection of Auwaiakekua Place and Paniolo Avenue - directly across from Waikoloa Highlands and brand-new Waikoloa Plaza shopping center, a 136,000+ sf retail hub on 18 acres anchored by Foodland, Ace Hardware, Popeyes, and more. Bordering the Waikoloa Equestrian Center and just steps from KTA, restaurants, banking, and services, the property offers both visibility and convenience. Paved road frontage on Paniolo Avenue and Auwaiakekua Place ensures excellent access, while the nearby Na Hale Makoa workforce housing project highlights the area's strong growth trajectory. The County has confirmed this parcel can be subdivided into two 5-acre lots, giving buyers flexibility for phased development or resale. This makes it attractive for those ready to build now, as well as investors looking for land with built-in future options. Currently zoned AG-5, the property is surrounded by parcels that already support RA, RM, and commercial uses. This opens the door for multiple possibilities: a single-family subdivision under RA-1 or RA-0.5 zoning, multifamily housing such as RM-3 or RM-5, or even mixed-use live/work units along the commercial frontage. Conceptual plans show the land could support up to 30 residential lots, or a creative mix of more than 80 multifamily units depending on zoning. Large, developable acreage in Waikoloa Village is incredibly rare. With strategic rezoning, this parcel could position for resale in the $2.7M to $4.3M+ range. For comparison, residential lots of less than half an acre here trade between $275K and $500K, while finished homes often sell from $875K to $1.2M. This property isn't just raw land - it's a launchpad for bold vision in one of the Big Island's fastest-growing communities.

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