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MLS: 713735 (Active - For Sale)
 
Asking Price: $699,000 Fee Simple
Type: Residential
District: North Kona
Street: 73-1082 Mahilani Dr
Neighborhood: Kona Highlands
Beds: 1   Baths: 1 Full / 1 Half
Living Area: 1,192 SF
Land Area: 8,576 SF
Parking: Other (remarks)
Days on Market: 15
Year Built: 1987
Zoning: A-5A
Roads: Paved,Street Lights,County
Property Taxes: $1,866,.52
Assessed Value: $454,600
Assessed Ratio: 153.76%
Listing Courtesy: COMPASS
Terms Acceptable: Cash,1031 Exchange
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All Homes For Sale in Kona Highlands

Exceptional custom renovation in progress with amazing ocean views!

Dream Custom Home in Hawaii: Unique Investment Opportunity

Ever dreamed of owning a custom home in Hawaii? This property is a solid investment with positive equity potential. All building plans are stamped and approved by engineers and the county, ensuring a smooth continuation of the construction process.

Major demolition, permitting, foundation work, and half of the framing are already complete. You can choose your favorite final finishes without the hassle of removing existing ones. The current owner/contractor is available to advise on the next steps and share contacts with reputable subcontractors.

Currently livable, this 2,128 sqft, 3-bed, 3.5-bath home can be finished in phases. Designed for unobstructed ocean views from the living room, all bedrooms, and a rooftop deck engineered to support a hot tub, this home offers stunning sunsets every night.

Features include an outdoor shower, a fishpond with a waterfall, and custom kitchen cabinets made of quarter-sawn white oak and teak. The master bedroom includes an all-teak accent wall, floating vanities with LED lighting, and a shower with a 16” rain head. Wide plank European oak floors add a touch of elegance.

The property boasts old-growth palms, coconuts, papaya, lilikoi, and colorful flowers. Located in a neighborhood with underground utilities, no power lines are obstructing your views. Situated at the bottom of a quiet street, this home offers peace and privacy.

This rare opportunity allows you to live in the home as-is and finish within the permit's 5-year span or complete construction quickly to capitalize on instant equity. Whether for investment or a forever home, this property can fulfill your dreams.

Plans have been drawn, stamped by structural and mechanical engineers, and approved and stamped by the county. The building permit is currently open and is transferable to the new owner with a $100 transfer fee.

NOTE: Cash or 1031 exchange only.


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1 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
65450609/21/202101/14/2022$675,000$620,000

 
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.
 
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use and may not be used for any purpose other than to identify prospective
properties consumers may be interested in purchasing.
 
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