Kihei Parcel Sells for $8.5 Million
Kihei parcel sells for $8.5 million
Pacific Coast Development, based in Newport Beach, Calif., has sold 4.3 acres on Maui to a new developer for $8.5 million.
The buyer was Kamaole Point LLC, which plans to finish developing 122 units of condominiums and time shares at the Kihei site.
It is Pacific Coast Development's first sale in Hawaii, according to principal Brett Shaves. He says the company is exploring other deals, including a project in downtown Wailuku.
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