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MLS: 263319
Asking Price: $5,850,000 Fee Simple
Sold Price: $4,400,000
Sold Date: 12/12/2013
Type: Residential
District: North Kona
Street: 78-120 Holua Rd
Neighborhood: Keauhou 1st & 2nd Beach Section
Beds: 5   Baths: 6
Living Area: 4,351 SF
Land Area: 2.95 Acres
Pool: Yes
Parking: Covered,Other (remarks)
Amenities: Bar-Wet
Days on Market: 1262
(The Price of the property was lowered by $950,000 on 07/29/2013)
Year Built: 1954
Zoning: RS-10
Roads: County
Property Taxes: $15,881
Assessed Value: $1,745,200
Assessed Ratio: 335.21%
Listing Courtesy: Coldwell Banker Maryl Realty
Terms Acceptable: Cash,Conventional
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Oceanfront Keauhou Bay

AUCTION WITHOUT RESERVE: November 12th. Previously $6.8M. Selling to the highest bidder.

Nestled on the sun-drenched shores of Keauhou Bay sits \"Hale Kai\" (Ocean House), a stunning historic oceanfront estate designed by famed architect Vladimir Ossipoff. This mid-century modern estate consists of four buildings and is situated on 2.95 acres of unspoiled tropical landscape with over 400 feet of ocean and bay frontage.

Once the getaway for Hollywood celebrities who sought the serenity that surrounds its shores, this property formally known as the \"Doc Hill Estate\", consists of two TMK\'s.(3-7-8-12-36 and 37)

Both sites take advantage of the unique Kona Coast weather with ocean breezes by day and mountain breezes by night. The gated property features a main house, a pool house, a guest quarters and a caretaker’s cottage with a total of 5 bedrooms and 6 baths.

A private tennis court and a dock for easy ocean access into beautiful Keauhou Bay complete the package. A must see which embodies the true spirit of Old Hawaii, \"Hale Kai\" is ready for you to make it a part of your own Big Island history.

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