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MLS: 714186 (Active - For Sale)
Condo: Pali Ke Kua Ii #130
 
Asking Price: $445,000 Leasehold
Type: Condo/Residential Condo
District: Hanalei
Street: 5300 Ka Haku Rd
Neighborhood: Princeville
Monthly Association Fee: $850
Beds: 2   Baths: 2
Living Area: 1,100 SF

Pool: Yes
Parking: Unassigned
Days on Market: 65
(The Price of the property was lowered by $34,000 on 10/11/2024)
Year Built: 1973
Zoning: R-10
Roads: Paved
Land Recorded: Land Court
Property Taxes: $17,186,.75
Assessed Value: $1,501,000
Assessed Ratio: 29.65%
Listing Courtesy: Oceanfront Sotheby's International Realty
Terms Acceptable: Cash
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All Units For Sale in Pali Ke Kua Ii

Leasehold 2-Bedroom Oceanview Condo at Pali Ke Kua

This is a leasehold property.

Rare opportunity to own an income generating five-star vacation rental right on the ocean bluff! Nestled atop, Pali Ke Kua boast serene ocean views and a paved path right down to the water!

#130 is a beautifully renovated, ground floor unit with views from nearly every room. Enjoy epic sunsets from either of the two private lanais. Modern tropical décor is complete with custom paint, papered accent walls and tasteful furnishings throughout. Open concept living is perfect for gathering with friends or family. The fully equipped kitchen offers stainless steel appliances and plenty of counter space for cooking. Gorgeous ocean views from the dining space. Bonus ‘tiki lounge’ space off the dining opens to the second lanai. Two spacious bedrooms are comfortable retreats and each feature a private bathroom.

Pali Ke Kua is located in the heart of Princeville, with extensive ground, an onsite restaurant, private pool and hot tub, and paved path down to “Hideaways”, Pali Ke Kua beach. Just minutes to shopping, dining, tennis, and golf. A short drive takes you into the nostalgic Hanalei town, the world-renowned Hanalei Bay, and all the north shore has to offer!

#130 is currently an active vacation rental offered fully furnished and turn-key. Brand new, top of the line, washer and dryer, and all new kitchen appliances in 2023.

Lease rent is $28,000 annually, lease expires 2039. New photos to come next week. Freshly painted (white) kitchen, guest bedroom, bathroom, doors and all moulding (crown, baseboards, door jams, window frames).
New Serta sleeper recliner in living room.


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5 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
70290106/30/202309/01/2023$365,000$360,000
11023604/05/200212/24/2002$399,000$393,000
22897311/02/200901/28/2010$399,000$350,000
16308609/06/200503/10/2006$429,000$429,000
70899203/18/202405/20/2024$489,000$420,000

2 Comparable Units Sold in PALI KE KUA II (Last 12 months)
Description List Date Sold Date List Price Sold Price
2 Bed 2 Bath03/18/202405/20/2024$489,000$420,000
2 Bed 2 Bath07/30/202410/08/2024$2,000,000$1,090,000
Average Price:  $755,000

 
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