1245 KAUMANA DR HILO HI 96720

  • $1,400,000
Hilo, South Hilo
For Sale

1245 KAUMANA DR HILO HI 96720

Hilo, South Hilo
  • $1,400,000

Overview

MLS #: 647515
  • Residential
  • Property Type
  • 9
  • Bedrooms
  • 4.03
  • Bathrooms
  • 4062
  • sqft
  • 1968
  • Year Built
  • 130680
  • Lot sqft

Description

Huge potential!

Home to the famed Kaumana Caves Inn Bed & Breakfast, this three acre property comes with three homes total and has preliminary approval for a six lot subdivision project.

Water entitlements are already in place and construction plans have been submitted for the project, which is transferable to a new owner. A multi-phase appraisal was performed prior to listing and is available upon request.

The Kaumana Caves Inn was a highly successful Bed & Breakfast operation prior to the COVID pandemic. Measuring nearly 2,000 square feet with towering open beam ceilings, the home enjoys plenty of natural light and good airflow. Redwood, Ohia and Oak abound throughout this open floor plan. Next door you’ll find a dedicated outdoor gym and sauna area that are a hit with guests.

Two other rental homes come with the property. Each is a three bedroom, 1,054 square foot Kamaaina-style build with good rental history.

Mature landscaping includes Coffee, Lychee, Noni, Avocado, and Mountain Apple trees along with pineapple, lilikoi & other tropical fruits! The property backs into State-owned lands.

Located just minutes from Hilo’s downtown shopping & market districts and an hour’s drive from Waikoloa Village & Kamuela, the property is well-located along the fastest growing coastline in the state of Hawaii.

**The current owner has temporarily suspended Bed & Breakfast bookings due to COVID, but the license is transferable. Property is tenant occupied and to be shown by appointment only. Buyers and their agents to verify all details above regarding subdivision potential and transferability of both the subdivision project and Bed & Breakfast permit and any/all project entitlements & construction plans. Documentation available upon request.
MLS #:647515

Listing courtesy of Nate Gaddis at Corcoran Pacific Properties

  • Address 1245 KAUMANA DR HILO HI 96720
  • City Hilo
  • Zip/Postal Code 96720
  • Area South Hilo

Details

Updated on April 20, 2021 at 12:00 am
  • MLS #: 647515
  • Price: $1,400,000
  • Property Size: 4062 sqft
  • Land Area: 130680 sqft
  • Bedrooms: 9
  • Bathrooms: 4.03
  • Year Built: 1968
  • Property Type: Residential
  • Property Status: For Sale

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Contact Penn Henderson - Kona Realtor in Hawaii
MAHALO FOR DROPPING BY!
Big Island Real Estate - Kona, Hawaii

WOULD YOU LIKE ME TO HELP WITH YOUR SEARCH?

I excel at locating ideal Big Island properties specific to your needs and unique lifestyle.

100% Hustle.

No Gimmicks. No Hassles. No Fees.

Just a Few Questions (3-Minutes)