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SOLD
MLS: 656238
 
Asking Price: $669,000 Leasehold
Sold Price: $650,000
Sold Date: 11/03/2023
Type: Residential
District: North Kona
Street: 78-6915 Palekana Rd
Neighborhood: Keauhou 2 Subdivision
Beds: 5   Baths: 1
Living Area: 3,236 SF
Land Area: 8.9 Acres
Pool: Yes
Parking: Other (remarks)
Amenities: Ceilings-9'+,Ceiling-Vaulted,Exterior Lighting,Landscaped,Storage Area
Days on Market: 816
(The Price of the property was lowered by $131,000 on 08/19/2022)
Year Built: 1977
Easements: Water
Zoning: A-5A
Roads: Private,Paved
Land Recorded: Regular
Property Taxes: $4,102
Assessed Value: $618,800
Assessed Ratio: 108.11%
Listing Courtesy: Sue Brown Realty and Associates
Terms Acceptable: Cash
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5bd/4ba Home on Leasehold 8.9 Acre Coffee Farm with Ocean Views

This is a leasehold property that is a cash transaction only. Situated at a median elevation of 1,500' and is 8.9 acres in area. Located just 9 miles south of Kailua-Kona on a paved & picturesque rural road, this idyllic fully fenced property is graced by a 2 story 5 bedroom 4 bath home that overlooks the lower third of the farm to a distant ocean view.
The farm is comprised of approximately 5 acres of irrigated & productive coffee that was developed & planted in 2008 along with approximately 1.5 acres at the top of the property that was planted with exotic Honduran Mahogany & Spanish Cedar also in 2008. The residential portion of the property includes a storage & equipment parking sheds as well as a collection of fruit trees & room for a plant nursery or raised garden beds.

Notable Features of the Home Include:
Upper Level:
* Living Area—2,004sqft
* Wraparound lanai & covered deck—1,042sqft
* 2 bedrooms and 2 full bathrooms
* High vaulted ceilings with large picture windows creating a light & bright interior
* Impressive double doors at the main entrance as well as French doors in the dining area & main bedroom
* Granite bathroom counters
Lower Level:
* Living Area—1,232sqft
* Lanai—144sqft
* 3 bedrooms & 2 * 3/4 bathrooms
Other:
* Leased photovoltaic system
* Solar hot water system
* 400sqft carport or storage area

Notable Features of the Farm:
* The area planted in coffee is gentle sloping terrain. The coffee cherry production in season 2021 was 12,066 lbs
* Perimeter hog wire fence
* A 9 station irrigation system with inline emitters, 15,000 gallon reservoir tank & booster pump installed in 2019
* A lightly used John Deere Model 2720 (31HP) tractor with front end bucket as well as a PTO powered 4' rotary mower plus hand tools
* 8 producing avocado trees, mango, fig, soursop & bananas

A very idyllic & private location close to town, beaches & schools.


 
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