Kaunala Beach Front, District of Kololauloa, County & Island of O'ahu (Velzyland Parcels)

The property consists of 30 lots, contiguous, and comprising a total area of 836,113 square feet or approximately 19.19 acres (77,706 square meters).  The Makai (seaward) boundary of the property extends approximately 1,800 feet (549 meters) along a beautiful crescent white sand beach.  The surf break over the shallow reef just offshore at the east side of the beach is known as Velzyland named after Dale Velzy an early manufacturer of surfboards in California who sponsored the production of a film in the early '60s part of which was filmed at that break.  Another popular surfing spot, known as "Backyards", is located near the west side of the beach; it is apparently named for the expanse of lawn on the property that appears to be the back yard of the 17 homes located on the subject property.

Address:  Tax Map Key Nos. 1/5-8-006: 001 through 1/5-8-006: 029 together with 1/5-8-003: 012 and 1/5-8-003: 095

Land Area:  19.19 acres (77,615 square meters) total area taken from tax records.

Price:  U.S. $11,280,000

Zoning:  The property designated for residential use on the Development Plan Land Use Map for the North Shore of Oahu. The zoning is R-5 Residential District, and PD-H (Planned Development Housing). The State Land Use District Designation is Urban.

Tax Assessed Value: (Note: Each of the parcels of record are assessed separately; totals are given below.)

Land:        U.S. $ 8,958,300
Building:  U.S. $ 2,321,400