73-1082 Mahilani Dr Kailua-Kona, HI 96740
Listing Courtesy of: Hawaii Information Service / Better Homes And Gardens Real Estate Island Lifestyle / Leo Dodier - Contact:  8083088884

  73-1082 Mahilani Dr Kailua-Kona, HI 96740

Active (39 Days)
$699,000
1
BED
1.01
BATH
1,192
SQFT

Description

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 at 1,192 sqft, this 1-bed, 1.5-bath home can be finished to a 3/2.5 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 obstruct 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.

Cash or 1031 exchange only.

MLS #:
713735
Taxes
$1,867(2024)
Lot Size
8,576 SQFT
Type
Single-Family Home
Year Built
1987
Views
Y
County
Hawaii County

Listed By

Leo Dodier, Better Homes And Gardens Real Estate Island Lifestyle, Contact: 8083088884
Source
Hawaii Information Service
Last checked Oct 10 2024 at 1:46 AM GMT+0000
Bathroom Details
Interior Features
  • Range/Oven
  • Refrigerator
  • Microwave
  • Dishwasher
Subdivision
  • Kona Highlands
Lot Information
  • Inside
Property Features
  • Fairly Level
Flooring
  • Hardwood
Parking
  • Other (Remarks)
Stories
  • 0
Living Area
  • 1,192 sqft
Additional Information: Island Lifestyle | 8083088884
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Hawaii Information Service. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/9/24 18:46