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*LEASEHOLD w/fee available* Welcome to a remarkable investment opportunity in Kailua's picturesque Enchanted Lakes neighborhood! This bank-owned, leasehold, two-story townhome boasts four bedrooms and two-and-a-half bathrooms. The property includes a two-car garage for convenient parking and storage and a large lanai facing Ka’elepulu Pond, perfect for enjoying stunning views and outdoor relaxation. With its spacious layout and prime waterfront location, this townhome is ideal for investors looking to flip or rent out and owner-occupants seeking a serene and stylish residence. This is a haven for outdoor recreational activities, shopping enthusiasts, and culinary adventures. A leasehold property in Hawaii means that you own the structure but lease the land it sits on for a specified period, making it an affordable way to own property in this desirable location. All buyers are responsible for confirming City, County, Zoning, Tax, Association, Leasehold, Schools, and other records to their satisfaction before bidding. This property is sold AS-IS. There are no inspection contingencies in the contract. The Seller will not turn on utilities. This is a REO auction property.