75-5648 OLOLI RD

KAILUA-KONA, HI, 96740

$6,500,000

$6,500,000
Active
Active
 - For Sale
property_type
Multi-family
One of a kind, sustainable Bamboo multi-unit property. Eight individual dwellings situated above Hawaiian historical gardens. These units offer secluded luxury living nestled in the heart of downtown Kona. Units are one bedroom, two bedroom, or two-bedroom with loft. They have stunning 180 degree ocean views from the lanais. The property is walking distance to everything,…the ocean, dining and entertainment, shopping, Ironman start/finish, and much more. Secure, private parking located inside the gated entry with access to ample over-flow parking.

Perfect for an island getaway or vacation rental property. Vacation rentals are permitted. (Short-term vacation rental permits in place)

Residential and commercial use allowed.

Floor plans include:
2 x 2 bed/2 bath 1294 sq ft units with loft, private lanai, and deck
2 x 2 bed/2 bath 1152 sq ft units with private lanai
4 x 1 bed/1 bath 768 sq ft units with private lanai
*2 of the units are pending final completion (permitted and awaiting final interior finishes). Bamboo finishing materials located on site. Amended public declaration pending completion during escrow.

All future short term vacation rental bookings to be honored upon sale of property, a list of existing bookings to be provided in escrow. Buyer to do their own due diligence regarding all pertinent facts.
Purchase of multiple units is also an option although ownership of units will be CPR ownership. CPR aproved in 2018.
Maintenance dues amount pending.
MLS® ID:
661667
Listed:
12/2/21
Updated:
8/19/22
Corcoran Pacific Properties
Karen E. Bail

Exterior/Building Features

Lot Size
0.85 acres lot
Sewer
Sewer-Connected

Other Property Details

Area Name
North Kona
Taxes
$9943.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
Y
Utilities
Power: Overhead, Solar/Photovoltaic
Water Source
County
Pool
No
Pool Description
N
Zoning
V-1.25

Property History

Date
Event
Price
Value
6/3/22
Active
-
-

 

Courtesy of The Commercial Group dba The Home Group, Monique Peacock

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Data last updated 12:03 PM UTC, 8/19/22

Corcoran Pacific Properties
Karen E. Bail
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