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MLS: 658858 (Active - For Sale)
 
Asking Price: $19,950,000 Fee Simple
Type: Business
District: North Kohala
Street: 54-250 Lokahi Rd
Style: Business/Real Prop
Land Area: 14.5 Acres
Days on Market: 686
Year Built: 0
Easements: Other (remarks)
Zoning: A-20A
Roads: Graded,Private,Paved,Unpaved
Land Recorded: Regular
Property Taxes: $40,910
Assessed Value: $4,709,000
Assessed Ratio: 423.66%
Listing Courtesy: Hawaii Life
Terms Acceptable: Cash,Conventional
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Hawaii Island Retreat Center - 16 Room Oceanfront Lodge and Spa in Kohala

Hawai?i Island Retreat is boutique eco-lodge set on dramatic oceanfront cliffs in North Kohala on Hawai?i Island. Designed to honor and work with the land, this property has been on the leading edge of sustainable, culturally sensitive, wellness-oriented hospitality since its opening in 2008.

Special permits allow for five acres of the 14.5 acre parcel to be used for the hotel and spa facilities, with the remainder of the land in orchards, gardens, and tropical and indigenous landscaping. Guests are welcome to enjoy the entire property, and a shoreline access trail allows guests to hike in both directions.

Over the years the Retreat has acquired a devoted clientele of workshop and corporate leaders who book the entire resort for their groups. In between group bookings, rooms are available to individual travelers. Guest value the privacy, natural setting, and location in the historic Kohala area, birthplace of Kamehameha I.

A variety of room types include individual bungalows, lodge guest rooms with luxurious baths and private balconies, and yurts nestled into the tropical foliage.

FEATURES:
--14.5 oceanfront acres with coastline and Maui views
--16 guest rooms include 8 in the main lodge, 3 freestanding hale, 5 yurts
--Amendment to the permits was approved in 2024 to allow expansion to 36 rooms
--Commercial kitchen, dining room, yoga/dance studio, library/media room and reception/office in main lodge
--Spa complex includes swimming pool and whirlpool, exercise/yoga hale, meeting room, locker rooms and outdoor spa treatment platforms
--County water, off-grid electrical system (solar with back up generator)

A family-run business since its inception, Hawai?i Island Retreat is looking for its next steward to continue to the tradition of hospitality. As one recent guest review says "This place has no equal."

The offering is for both the real property and the assets of the business including future bookings.


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6 Sold Properties Found (Last 12 months)
Description List Date Sold Date List Price Sold Price
0 Bed 0 Bath08/08/202210/03/2023$11,000$11,000
0 Bed 0.01 Bath10/06/202312/01/2023$129,000$129,000
0 Bed 0 Bath09/14/202301/11/2024$195,000$195,000
0 Bed 2 Bath02/28/202302/20/2024$595,000$430,000
0 Bed 0.01 Bath07/27/202407/26/2024$725,000$500,000
5 Bed 5 Bath11/13/202303/08/2024$4,750,000$4,750,000
Average Price:  $1,002,500

 
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Copyright: 2014 by Hawaii Information Systems.
 
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