| MLS: 710865 (Active - For Sale) Asking Price: $4,000,000 Fee Simple Type: Commercial District: North Kona Street: 75-5874 Walua Rd Baths: 3 Full / 1 Half Living Area: 2,758 SF Style: Hospitality Land Area: 0.53 Acres Parking: Detached,None,Other (remarks) Days on Market: 198 Year Built: 1942 Zoning: CV-10 Roads: Paved,Street Lights,County Land Recorded: Regular Property Taxes: $13,945,.31 Assessed Value: $1,303,300 Assessed Ratio: 306.91% Listing Courtesy: Sue Brown Realty and Associates Terms Acceptable: 1031 Exchange,Cash,Conventional |
Updated & Well Established Kona Bay Hostel Zoned CV-10 in Kailua Village.
This rare 23,196 sq ft fee simple property fronts Walua Road on the eastern side and backs up to Alii Drive on the western side. Located within the boundaries of Kailua Village, the subject property is favorably zoned CV-10 and is surrounded by commercial and condominium buildings.
Gracing this one of a kind property is the Kona Beach Hostel, a business established in 2017 and featuring two landmark updated and reconfigured plantation homes ("Plumeria" and "Pikake"). In total Kona Beach Hostel has 15 bedrooms and 7 bathrooms.
Both buildings have views of the ocean and are fringed on the northern, southern and eastern sides by shady and colorful trees and shrubs that provide a good deal of privacy. Within the grounds are designated parking areas as well as four tastefully appointed gazebos.
This special property is located within easy walking distance of downtown Kailua.
Video of property: https://vimeo.com/947317575/5463a95928?share=copy
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