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MLS: 664564
Asking Price: $2,695,000 Fee Simple
Sold Price: $2,595,000
Sold Date: 11/15/2022
Type: Residential
District: Hanalei
Street: 5135 Kapiolani Lp
Neighborhood: Princeville
Monthly Association Fee: $121.7
Beds: 3   Baths: 3 Full / 1 Half
Living Area: 2,553 SF
Land Area: 11,642 SF
Parking: Covered,Attached
Days on Market: 409
(The Price of the property was lowered by $180,000 on 10/06/2022)
Year Built: 2022
Zoning: R-4
Roads: Private
Property Taxes: $3,535
Assessed Value: $584,300
Assessed Ratio: 461.24%
Listing Courtesy: Kauai Tropical Properties, Inc.
Terms Acceptable: Cash,Conventional
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ONLY BRAND NEW BUILT HOME FOR SALE IN PRINCEVILLE! This won't last! Almost all of the homes currently for sale in the jaw droppingly beautiful and peaceful Princeville were built in the 70’s or 80’s priced anywhere from 1.6 to 4mil, making this home a clear standout and no-brainer at this price. The builder has built over 30 homes in Princeville over the last 30 years and this is his best work yet.
And the LOCATION! Ideally located on Punahele Point -the nicest part of Princeville; walking distance to world renowned Queen’s Bath and other hidden gems along the most breathtaking coastline in all of Hawaii. The upstairs lanai and custom Milgard windows open up to an amphitheater of mother nature’s beauty that provide mountain and peek-a-boo ocean views. Open them up to catch the trade winds or enjoy the luxury of split AC.
This prestigious home is filled with modern touches including a stained hardwood floating staircase, Wisteria Lane Engineered (ideal for tropical climates) Birch flooring in the downstairs, and plush Mohawk Aladdin brand carpet upstairs. Downstairs has an open concept living room and kitchen. Upstairs opens up to a very large bonus room-living room. However this could easily be converted to a fourth bedroom. The standing seam metal roof gives it a refined luxurious Hawaiian feel.

Whether you wish to relax here year round or enjoy the lucrative vacation rental income while away, this home provides the flexibility of “mailbox money” because it is in the Princeville VDA (allowing short term rentals) making it a wise financial investment, but also one that quenches the thirst for that bucket list Kauai lifestyle.

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