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TRUE OCEANFRONT - Manifest your oceanfront estate on this 38 acre parcel in Paalaea-Lauka, just below historic Honokaa. Envision the pristine beauty of the Hamakua Coast. This land is a combination of rugged, breath-taking, dramatic oceanfront and bucolic pastoral beauty. At near sea level, you can walk the entire 900ft (approx.) of oceanfront which includes a dramatic and easily accessible peninsula jutting out into the sea; a perfect spot for fishing, whale watching and meditation. Crashing waves, age-old rock formations, coves and inlets, flat as well as rolling usable fields,180 degree views of the ocean to Waipio Valley provides qualities and attributes hard to obtain at any price in Hawaii or elsewhere. The fairly consistent temperatures of 70-85 degrees and moderate rain, light winds, the low density of the area further provide the perfect combination for a spectacular estate. The property is “celebrity-level” private with all utilities available and many outstanding building sites. The few residences in the area are multi-million dollar homes. County Tax Office Records may not accurately reflect the new AG Dedication Annual Tax. Seller indicates the new tax rate is approx $106/yr. Buyer and their agent to confirm as a part of their own due diligence. There is potential for owner financing for a qualified Buyer; Seller is willing to review all reasonable offers.

Seller is prepared to offer Seller Financing with excellent terms to qualified Buyer. Seller will look at all reasonable offers. Current taxes are $106/yr and the 2008 assessed value is $12,700. County Tax office records may not accurately reflect the new AG Dedication Annual Tax. Buyer and Buyers agent to conduct their own due diligence in this regard. **$100,000 to buyers brokerage with a successful closing and recordation. Escrow must open by 9/30/09!