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SOLD
MLS: 638219
 
Asking Price: $1,200,000 Fee Simple
Sold Price: $1,050,000
Sold Date: 10/13/2020
Type: Residential
District: North Kona
Street: 76-874 Io Kualua Pl
Neighborhood: Io View Estates Ii
Beds: 3   Baths: 3 Full / 1 Half
Living Area: 2,669 SF
Land Area: 0.5 Acres
Pool: Yes
Parking: Attached
Days on Market: 1457
Year Built: 2003
Easements: Driveway
Zoning: RA-.5A
Roads: Private
Property Taxes: $12,166
Assessed Value: $1,096,100
Assessed Ratio: 109.48%
Listing Courtesy: Corcoran Pacific Properties
Terms Acceptable: Cash,Conventional
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Beautiful North Kona Residence

Balinese pod-style custom home in a beautiful neighborhood of Io View Estates close to Kona Town and Holualoa offers a country feeling with a serene setting on 1/2 acre with STVR permit. Saltwater infinity pool is the focal point of the home with waterfall that cascades over infinity edge-temple wall. Owner worked closely with Robert Nespor to create home with all custom mahogany doors, windows, interior cabinets, chests in closets, professional desk all hand-built. Highly successful vacation rental. Owner has approved special Short Term Vacation Rental Permit from the County of Hawaii in hand so that this property can continue to be used as a vacation rental as permit is transferred to the new owner! These permits are a valuable commodity as no new vacation rentals are allowed in the County outside of resort areas. There is an annual fee for this permit. Many extras in this home such as 4 car garage with the ability to elevate 2 more cars, the possibility of “man cave”, separate large studio on the lower level is one of the bedrooms. Some deferred maintenance which is why it is priced below recent appraisal. Large area downstairs that is currently used as a bedroom/office with a bathroom that is not shown on tax records.
Legal Vacation Rental with non-conforming STVR permit.
The garage was built to be able to add 2 more cars with hydraulic lift (no lift included).


 
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