A 20-acre agricultural-zoned property just above Haleiwa on Oahu’s North Shore has hit the market with a $12 million price tag.
The property — listed by Deep Blue HI’s Paul Stukin — is owned by local entrepreneur Cameron Higgins, owner of 217 Capital.
The Oahu-based private equity company purchased 150 acres of land in Haleiwa in 2022, which was then divided under a condominium property regime, or CPR, into five- and 10-acre lots, Higgins said. This is part of a CPR project called Laukihaa Farms, he told Pacific Business News in an email.
According to Higgins, the offering is made up of three adjoining lots — one 10-acre and two five-acre parcels. While the entire acreage can be purchased for $12 million, Higgins said the lots can also be sold separately — $6 million for the 10-acre lot and $3.5 million and $2.5 million for the 5-acre pieces.
“The market appears to be recovering as interest rates decline and demand for vacant land is increasing,” Higgins said when asked why the company has decided to sell now.
Higgins said the property — located within a gated agricultural community and surrounded by a 400-foot gulch on three sides — has never before been offered to the public and offers unobstructed views of the ocean and mountains.
“This isn’t just land; it’s a lifestyle,” he said. “The private, multi-gated community boasts of unparalleled ocean, mountain and gulch vistas, each evening painting a canvas of breathtaking sunsets. Beyond its innate beauty, the land stands out in an era where space and security is at a premium. With a global trend towards privacy and the looming shadow of unforeseen challenges like Covid-19, natural disasters, food and water shortages and contamination, rising utility costs, and geopolitical uncertainty, the value of such an expanse is immeasurable. A buyer can be completely self-sustaining and secure.”
