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SOLD
MLS: 656407
 
Asking Price: $649,000 Fee Simple
Sold Price: $635,000
Sold Date: 04/05/2022
Type: Residential
District: South Kona
Street: 88-221 Kai Ave
Neighborhood: Milolii Beach Lots Subdivision
Beds: 1   Baths: 1
Living Area: 1,020 SF
Style: Attached
Land Area: 9,900 SF
Parking: Other (remarks)
Days on Market: 869
Year Built: 1988
Zoning: A-5A
Roads: Private
Land Recorded: Regular
Property Taxes: $4,477
Assessed Value: $403,400
Assessed Ratio: 160.88%
Listing Courtesy: Better Homes and Gardens Real Estate Island Lifestyle
Terms Acceptable: 1031 Exchange,Cash,Conventional
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Permitted Oceanfront Residential Vacation Rental

Absolute oceanfront Hawaiiana style retreat! Popular active vacation rental with transferable STVR (short term vacation rental) permit. Situated for privacy and stunning views of the big blue Pacific ocean. Enjoy the warm salty ocean breezes and soothing sounds from the expansive 1040 sq. ft. lanai. Colorful sunsets, dolphins, and visiting humpback whales all just steps from the popular silver bar entry for swimming, snorkeling, scuba diving, kayaking and nearby Papa Bay Cove.

Energy efficient custom redwood home originally 2 bedrooms, converted to 1 bedroom maximizing the large open floor plan, new roof, fresh exterior paint, on demand tankless water heater, new water tank and system situated under the oceanfront lanai. The interior features koa double entry front doors, vaulted tropical beamed ceilings with drop fans, tile and wood floors throughout, open kitchen with custom bar, gas stove, koa cabinetry throughout the home, living area with three seating areas with incredible views of the gorgeous blue Pacific Ocean.

This is a great opportunity to acquire an oceanfront home with approved STVR permit for vacation rental use if you wish. The Miloli’i Beach Lots shoreline community is located 35 miles (one hour) south of Kailua-Kona. Nearby is Papa Bay Cove, Honomalino Black Sand Beach and Miloli’i fishing village with a boat launch and beach park.

Property being sold As-Is. New Survey on File. Revenue details for the vacation rental business are available upon request. Sold furnished with noted Seller exception list.


 
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