New two-lot subdivision. Adjacent Lot 3-A-1 with 5.38 acres also for sale at $1,400,000. Estate acreage overlooking the blue Pacific and nestled up to the undeveloped edge of Keauhou Resort. Kahalu'u Bay and Beach; Magic Sands Beach; Kona Country Club; Keauhou Bay and Shopping Center all nearby. Ultimate privacy at dead end of public street with underground utilities including water, sewer, electrical and CATV. Department of Water Supply has written that additional water credits can be made available. Archeological Inventory Survey completed, all Reports included in sale. Offering is "As Is", property being presented as Estate property at southern edge of Alii Heights subdivision, with vacant land on three sides, including the long-delayed Alii Bypass Highway on the makai side. Perfect for Estate(s) and/or land-banking as there is very little privately-owned undeveloped land in this area, or Buyer can work with the County and Community on a higher-density development plan. LOCATION! Easy access to Kailua-Kona and Keauhou's many amenities and services. VIEW! With existing topography and elevation, the great ocean and sunset vies will be yours to enjoy for generations. PRIVACY! Dead-end street with no neighbors on three sides of large-sized lot provides ultimate privacy. Mainland owners have owned property for many years, planned to develop it but have decided to sell it instead. Take advantage of this great opportunity!