75-5648 OLOLI RD, KAILUA KONA, HI 96740

$6,500,000
List Price
$6,500,000
Days on Market
9
MLS#
661667
Status
CONTINGENT
Type
Multifamily
Building
Ck Hale
Land Tenure
Fee Simple
Neighborhood
Lanihau 1st - Hienaloli 1st

Property Description

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.

Additional Information

Solid Waste Disposal Trash
Included with Maintenance Fees
Roads
County, Paved
Taxes Annual
$9943
View
Mountain, Ocean Horizon, Sunrise
Zoning
V-1.25
Lot Size
37,127
Water
County
Power
Overhead, Solar/Photovoltaic
Sewer
Septic
Assessed Value
668300
Topography
Gentle Slope
District
North Kona

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of The Commercial Group LLC.

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