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SOLD
MLS: 647997
 
Asking Price: $665,000 Fee Simple
Sold Price: $650,000
Sold Date: 06/30/2021
Type: Residential
District: South Kona
Street: 82-6153 Waiwai Street
Neighborhood: Coffee Farm Lots
Beds: 3   Baths: 1
Living Area: 1,178 SF
Land Area: 2.01 Acres
Days on Market: 1096
Year Built: 1944
Easements: Other (remarks)
Zoning: A-1A
Roads: County,Paved
Land Recorded: Regular
Property Taxes: $1,071
Assessed Value: $114,600
Assessed Ratio: 580.28%
Listing Courtesy: Sue Brown Realty and Associates
Terms Acceptable: 1031 Exchange,Cash
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Captain Cook Township-2 Acre Coffee Farm (Z-A-1A), Coffee Shack & Warehouse

Rarely available 2 acre coffee farm situated at an elevation of approximately 1,600' in the town area of the picturesque village of Captain Cook. On the property served by county water and overhead power is a 3 bedroom one bath coffee shack built in 1944 and in poor condition along with a permitted 1,200' warehouse/shed built in 1980 complete with plumbing and electrical.
The property terrain is gentle sloping with an abundance of soil. The majority of the coffee trees are grafted and were planted some 15 years ago.
In addition to the coffee trees there are a number of fruit trees on the property including:- mountain apple, rambutan, lychee, longan, tangerine, lemon, navel orange, ulu, avocado, mango, surinam cherry and bananas.
Other points of note:-
* The property is zoned A-1A.
* County water.
* No fertilizer has been applied to the farm in the past two years along with minimal horticultural care. Despite no fertilizer application, the gross income from coffee in 2019 was $20,000 and in 2020 was $17,000.
* Located close to Kealakekua Ranch Center, Post Office, Greenwell Park and Manago Hotel. Hospitals, schools and banks are within a 5 minute drive while magnificent Kealakekua Bay is within a 10 minute drive.
* Seller is looking for a Cash/1031 Exchange/Home Equity line of credit/Rehab Loan Buyer due to the condition of the 1944 coffee shack.


 
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