Rare 45.36-acre Big Island parcel with one of the most spectacular ocean and sunset views on the coastline of Captain Cook, offered at only $998,750!
Perfect for a variety of buyers - investors, farmers, vacationers, or anyone dreaming of a private estate. Beautiful, generously sized acreage is full of potential: develop agriculture, build your dream home/business, or create a family compound or hold onto it for later use.
The property features versatile topography, with gently rolling terrain, wooded sections, open grassy areas & a variety of mature trees and dense foliage. Sweeping up the mountain from the shoreline to the highway, the top of the property sits at approximately 1,200 feet in elevation. The bottom 1.4 acres along the shoreline is conservation land, while the remaining 43.96 acres are A-5 agricultural.
Highlights:
-Zoned A-5A; potential to subdivide the property (buyer to verify with Hawaii County)
-Varied terrain: multiple building sites, wooded sections, open pasture
-Improvements: previous listings assert that prior work was performed with a D8 cat on an approx. 80,000 reservoir but was never completed, a smooth, paved road at the upper portion exists, a foot trail to the ocean exists but has been overtaken by flora & there is old abandoned home near the top & quonset hut near the road, both in poor condition (see photos).
-Utilities: electricity available
-Recreation: world-class diving, snorkeling, kayaking, fishing, swimming & exploring the shoreline
-Scenic value: unobstructed views of South Kona coast, whale & dolphin watching, & year-round sunsets
-Location: 15 mins to Pebble Beach, 30 mins to shops & restaurants, 45 mins to Kona, 1 hr to airport
https://player.vimeo.com/video/1161627090
This is a rare Big Island opportunity w/ privacy, natural beauty, & flexible potential for investment, lifestyle, or long-term living. Don’t miss out on this 45-acre parcel with endless possibilities!
Lot/land
Price cut: $183.8K (3/24)
$815,000
87-2721 Hawaii Belt Rd Lot 2A, Captain Cook, HI 96704
--beds
0baths
45.36Acres
Unimproved Land
Built in ----
45.36 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Wooded sectionsGently rolling terrainOpen grassy areasYear-round sunsetsGenerously sized acreageVersatile topography
- 56 days |
- 382 |
- 41 |
Zillow last checked: 7 hours ago
Listing updated: March 25, 2026 at 11:16pm
Listed by:
Kendra Powell 8083452899,
Hawaii Estates LLC
Source: Hawaii Information Service,MLS#: 727634
Facts & features
Interior
Property
Features
- Has view: Yes
- View description: Coastline, Ocean, Ocean Horizon, Sunset
- Has water view: Yes
- Water view: Ocean
- Frontage type: Rocky Beach
Lot
- Size: 45.36 Acres
- Features: Grassy, Rocky, Wooded
- Topography: Gentle Slope,Steep Slope,Terraced
Details
- Parcel number: 3870130180000
- Zoning: A-5A
- Special conditions: Fee Simple,Standard
Utilities & green energy
- Sewer: None
- Water: None
- Utilities for property: Electricity Available, Phone Available, Water Not Available
Community & HOA
Community
- Subdivision: OLEIOMOANA HOMESTEADS
Location
- Region: Captain Cook
- Elevation: 0
Financial & listing details
- Tax assessed value: $600,200
- Annual tax amount: $5,888
- Date on market: 2/4/2026
- Listing terms: Cash
- Ownership: Full
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/24/2026 | Price change | $815,000-18.4% |
Source: | ||
| 2/4/2026 | Listed for sale | $998,750+119.5% |
Source: | ||
| 2/9/2016 | Sold | $455,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 96704
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 2/10Hookena Elementary SchoolGrades: PK-5Distance: 6.9 mi
- 1/10Ke Kula O EhunuikaimalinoGrades: PK-12Distance: 15.5 mi
- 4/10Konawaena High SchoolGrades: 9-12Distance: 15.5 mi
Local experts in 96704
- Hawaii
- Hawaii County
- Captain Cook
- 96704
- 87-2721 Hawaii Belt Rd Lot 2A




