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SOLD
MLS: 619974
 
Asking Price: $999,500 Fee Simple
Sold Price: $999,500
Sold Date: 12/21/2018
Type: Residential
District: South Hilo
Street: 28-498 Sugar Mill Rd
Neighborhood: Orchards At Pepeekeo
Monthly Association Fee: $50
Beds: 2   Baths: 2
Living Area: 1,388 SF
Land Area: 22.72 Acres
Parking: Covered,Attached,Detached,Other (remarks)
Amenities: Ceiling-Vaulted,Exterior Lighting,Storage Area,Smoke/Heat Detector
Days on Market: 2090
Year Built: 2007
Easements: Ingress/Egress,Electric
Zoning: A-20A
Roads: County,Private,Paved
Land Recorded: Regular
Property Taxes: $2,850
Assessed Value: $424,900
Assessed Ratio: 235.23%
Listing Courtesy: Clark Realty Corp. - Hilo Orchid Isle
Terms Acceptable: Cash,Conventional,FHA,PMM,USDA-Rural Dev
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AMAZING HAWAIIAN 24 PLUS ACRE PROPERTY WITH PRODUCING ORCHARDS!

Ideally located within the prestigious Orchards of Pepe\'ekeo, lies over 24 acres of Hamakua Coast, ocean view paradise. An amazing property, appropriately named “Maluhia Kai” (Peaceful Sea), is located only 15 minutes from Hilo and offers so much that it is difficult to describe in the space allotted. From the time you drive through the wrought iron entry gate and up the long, palm-lined drive, you will realize that this is a very special place. An extremely well-built 1388 square foot home is situated perfectly to take advantage of the endless ocean views as well as the Ali’a stream, abundant orchards and lush pastures. The beautifully built 2/2 home features bamboo floors, Corian countertops, gas cooktop, authentic shoji doors, tankless propane water heater and so much more. The 12 X 9 office area is currently being utilized as a third bedroom. A large lanai, accessible from multiple rooms, offers 180-degree ocean views. The home remains comfortable year round thanks to its 500-foot elevation, abundant windows and comfortable trade winds. There is more than ample covered parking as there is a porte cochere in front of the home, a two-car detached carport and a two car garage. A 1384 square foot structure, permitted as an ag building, offers a nice, clean studio that has been utilized as a long term rental in the past, generating $900/month. In addition to the studio with a nice food preparation area, sleeping area and full bath, it has a large two car garage perfect for storing your farm/ranch/lawn equipment, etc. The abundant, income-producing orchards include over 140 Lychee trees, 62 Longan, 105 Rambutan and 100 coffee plants. In addition, the acreage produces several varieties of citrus, avocado, bananas, lilikoi, vanilla, mango, cacao and jackfruit. A very knowledgeable orchard manager currently manages the orchards with orchard production/financial numbers available upon request. There is also an 8 KW backup generator should the need ever arise.


 
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