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MLS: 701658 (Active - For Sale)
 
Asking Price: $4,992,000 Fee Simple
Type: Residential
District: Koloa
Street: 2661-A Halalu St
Neighborhood: Poipu Beach Estates
Monthly Association Fee: $165
Beds: 4   Baths: 5 Full / 1 Half
Living Area: 2,954 SF
Land Area: 1.09 Acres
Parking: Detached
Days on Market: 100
Year Built: 2012
Easements: Sewer
Zoning: R-4
Roads: Private
Land Recorded: Regular
Property Taxes: $21,076,.05
Assessed Value: $2,139,700
Assessed Ratio: 233.3%
Listing Courtesy: Coldwell Banker Island Properties - Kauai
Terms Acceptable: Open
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All Homes For Sale in Poipu Beach Estates

Highly successful Vacation Rental in sunny Poipu

Nestled on just over a 1-acre lot surrounded by tropical zen gardens at Poipu Beach Estates, this Balinese-styled home is in the heart of sunny Poipu and walking distance to beaches, shopping centers (the Shops at Kukui’ula and Poipu Shopping Village), restaurants, galleries and cool local shops. This luxury home is in a quiet and peaceful neighborhood that offers plenty of privacy. All 4 bedrooms are master suites with their own bathrooms and lanais to enjoy nature and get closer to paradise.

This is also a fantastic buying opportunity for investors. This home is a legal vacation rental which is booked year-round and generates $400K per year in gross rental revenue. It is being sold fully furnished, turn key and if a buyer wants to "inherit the future reservations (and income from them) that can be arranged.

In addition, the garage unit is large and livable (has loft and bathroom) and is rented out with additional income potential.

So many options but to top it all, the large 1.09-acre lot lot has plenty of space for you to legally build another 4-bedroom house plus an additional garage. Or CPR and sell part of land (recent land sale of comparable size in the community was $1M just for a 1/3rd acre lot).



Existing plans for a future 4-bedroom, 1,800 sq ft home, plus a second garage, are in their final approval completion stages with the HOA (which can take up to a year) and will convey with the sale of the property. This parcel is also a candidate for a CPR



All information is deemed reliable however Agents and Buyers must independently verify any info they deem material or important to their purchase or any offered price thereunder. Square footage should be confirmed by an appraisal report.


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2 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
23238502/23/201008/05/2010$425,000$350,000
62222710/13/201805/01/2019$1,790,000$1,575,000

1 Comparable Homes Sold in Poipu Beach Estates (Last 12 months)
Description List Date Sold Date List Price Sold Price
3 Bed 3 Bath09/18/202211/10/2022$2,400,000$2,400,000
Average Price:  $2,400,000

 
This information has not been verified by the associate and should be
verified by the buyer. Information is deemed reliable but not guaranteed.
Copyright: 2014 by Hawaii Information Systems.
 
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use and may not be used for any purpose other than to identify prospective
properties consumers may be interested in purchasing.
 
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