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MLS: 710822 (Active - For Sale)
 
Asking Price: $599,000 Fee Simple
Type: Residential
District: Puna
Street: 11-3857 1st St
Neighborhood: Mauna Loa Estates
Beds: 4   Baths: 2
Living Area: 1,792 SF
Land Area: 20,000 SF
Parking: Covered,Attached
Days on Market: 198
(The Price of the property was lowered by $100,000 on 11/16/2024)
Year Built: 1987
Zoning: RS-20
Roads: Paved,Private
Property Taxes: $3,813,.96
Assessed Value: $365,600
Assessed Ratio: 163.84%
Listing Courtesy: Corcoran Pacific Properties
Terms Acceptable: 1031 Exchange,Cash,Conventional
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All Homes For Sale in Mauna Loa Estates

Rare income producing multi-unit opportunity in magical Volcano

Welcome to E Komo Mai! Highly sought after STVR property located at 3,500 ft elevation where the cool tropical rain forest meets the crisp air you will find this private duplex property in beautiful Mauna Loa Estates. This hidden oasis has it all including 2 separate fully furnished units with covered parking, almost an acre of fenced land, a coveted NUC/STVR permit which is transferrable to the buyer, separate electric meters, separate water catchment systems (both tanks are 10,000 gallon capacity each), newer solar hot water heater in the back house and electric water heater in the front house, and a successful STVR/31 night rental business. You will enjoy the floral garden oasis and the private trail hidden in the beautiful fern forest. Whomever purchases this property must also purchase the .46 acre adjacent lot as they are fenced together and the seller has created a meditation space among the ferns and ohia trees.

The front unit is currently being utilized as a short term vacation rental and the back unit currently operates as a 31 nightly rental but could also be used as long term rental or primary residence. Both units are 2 bed/1 bath and together generate a moderate income each year. Both units come fully furnished and boast laminate and carpet floors, vaulted ceilings, separate laundry facilities, new roof in 2003, and are surrounded by lush vegetation. Both units have a washer and dryer and all furniture is included in the turnkey sale.

Sale includes TMK 3-1-1-6-115 and 3-1-1-6-116 (total of .92 acres) which are to be sold together as the owner has put a fence around these two lots giving you almost an acre of privacy. The vacant lot 3-1-1-6-115 has native forest and vegetation and gives both residences ample privacy and a tranquil living environment. Anyone viewing the property will see the love and care that has been devoted to this hidden paradise.

Come check out this fabulous investment opportunity in Volcano.


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3 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
8277101/20/199905/28/2002$99,500$98,500
12145603/26/200307/17/2003$169,000$165,000
62046809/16/201812/10/2018$318,000$305,000

8 Comparable Homes Sold in Mauna Loa Estates (Last 12 months)
Description List Date Sold Date List Price Sold Price
3 Bed 2.5 Bath11/22/202302/16/2024$340,000$330,000
3 Bed 2 Bath03/18/202405/24/2024$425,000$425,000
3 Bed 2 Bath06/13/202409/06/2024$435,000$435,000
3 Bed 1.5 Bath06/25/202301/18/2024$475,000$480,000
3 Bed 2 Bath03/02/202404/25/2024$489,000$489,000
4 Bed 2 Bath08/04/202410/15/2024$529,888$520,000
3 Bed 2 Bath06/13/202409/25/2024$545,000$537,000
4 Bed 3 Bath06/10/202410/08/2024$899,000$875,000
Average Price:  $511,375

 
This information has not been verified by the associate and should be
verified by the buyer. Information is deemed reliable but not guaranteed.
Copyright: 2014 by Hawaii Information Systems.
 
IDX information is provided exclusively for consumer's personal, non-commercial
use and may not be used for any purpose other than to identify prospective
properties consumers may be interested in purchasing.
 
The active listings on this site are listed by REALTORS®. If you are
interested in those listings, we may represent you as the buyer's agent.
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