AUCTION: BID 22–31 OCTOBER. Originally Listed For $5.9M. Starting Bid at Auction is now $2.5M. Rare Opportunity To Own Almost 1 Acre Oceanfront – Priced Under Tax Assessor's Value! This unique property features a charming Oceanside Cottage that was fully remodeled in 2020, and also a 29,000 sq ft Commercial Structure that has been home to many historic schools – including The Waldorf School and The Academy – offering versatile space for a variety of creative uses. With the flexibility to enjoy both the cottage and the historic structure, this R-10 zoned lot also offers the potential to reimagine this property into a custom luxury oceanfront estate, or even multiple homes of your design. When you start with an amazing Pacific Ocean view – extending from Aina Haina all the way to Portlock and Hanauma Bay Ridge – the possibilities are endless! Because the commercial structure is non-conforming, the buyer must do all due diligence on permits, zoning capabilities, and acquiring appropriate non-conforming use certificates. Additionally, the actual property configuration does not agree with the public record data, the buyer must do their own due diligence. This property is sold As-Is.