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SOLD
MLS: 713938
Condo: Sunset Kahili #205
 
Asking Price: $589,000 Leasehold
Sold Price: $575,000
Sold Date: 10/24/2024
Type: Condo/Residential Condo
District: Koloa
Street: 1763 Pee Rd
Neighborhood: Lee Kwai Beach Lots
Beds: 1   Baths: 1
Living Area: 766 SF
Land Area: 1 Acres
Pool: Yes
Parking: Assigned
Amenities: Built-in-Book Shelves,BBQ/Cooking Pit,Club House
Days on Market: 59
Year Built: 1969
Zoning: R-10
Roads: County
Land Recorded: Regular
Property Taxes: $3,016,.03
Assessed Value: $553,400
Assessed Ratio: 106.43%
Listing Courtesy: Coldwell Banker Island Properties - Kauai
Terms Acceptable: Cash,Conventional
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Will not qualify for a 1031 Exchange as remaining lease term is 18 years

This is a leasehold property... OCEAN VIEW END UNIT... watch the whales, turtles and dolphins from your lanai overlooking the POOL. Sunset Kahili is like a Sunset Amphitheater. If you haven't experienced a sunset from here yet, you absolutely must!!!
Sunset Kahili 205 is one of only 36 units - Recently Renovated in 2019 and offered Fully Furnished. Restaurants, shopping, golf and tennis are just minutes away. Recreation Room/Library is adjacent to POOL on lower level. Elevator, 2 gas grills and Ocean View BBQ/picnic area are down the stairs along the ocean side of the POOL deck, large workshop area in the basement with Private Owner's Storage cages. Property is within the VDA and can be used as a vacation rental, however has been used as a 2nd home exclusively. Sunset Kahili 205 is at street level for easy access. Yellow "Loading Zone" is right outside your front door. Instant Hot electric water heater is in entry closet. Hybrid Washer/Dryer "all in ONE" is conveniently located in the bath room. 24" Porcelain Tile Flooring runs throughout the apartment. Offered Fully Furnished however Owner's personal items are not included. Land Lease expires on June 14, 2042. Lease rent of $6,053.40 is due annually on May 1st, which translates to a monthly carrying cost of $504.45. HOA fee includes Insurance, Water, Trash, TV Cable, Grounds/Building/Pool maintenance, and Reserve Funding. Seller's 2.65% common interest runs $906.21 per month. Current Property Tax Bill is $3,016 annually ($251 per month) at 0.505% of the assessed value, half due in Feb and Aug. Property may qualify for a 12 year mortgage through a Hawaii Lender.


 
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