73-1181 MAHILANI DR

Welcome to the ULTIMATE Rental in Kailua Kona featuring expansive ocean views! This unique property is a dream come true for anyone looking to enjoy the beauty and convenience of living in paradise with added long-term rental income potential.
The main living floor features 3 bedrooms, 2 bathrooms, an open and renovated kitchen and dining room concept, as well as a sunken living room – perfect for entertaining guests or relaxing with family. Step outside onto your spacious lanai and take in stunning Kona sunsets overlooking the ocean and breeze.

The two lower rental units are accessed from a separate exterior staircase, offering privacy and convenience. The first unit is a studio with a full bath and a wet bar. The second unit features one bedroom with one bathroom, plus its own wet bar and lanai area with seating area and bbq – so you can enjoy the beautiful outdoor weather all year round. There is a flat lower yard that is perfect for a garden or for additional pets.

Enjoy a HUGE oversized 600 sqft garage that has a 15-foot tall ceiling and 12-foot x 16-foot roll-up garage door – perfect for extra cars, boats, workout gym, or setting up your own shop!

Special Features
~** VA assumable mortgage of $728,000 @ 2.25% available! **
~Expansive ocean views
~Active long-term rental income from two downstair units
~Fully Remodeled kitchen with beautiful butcher block countertops
~22 Leased Solar Photovoltaic Panels & Solar Water Heater
~Spacious Garage, perfect for a boat or gym
~Cool elevation temperatures: 1100’’
~Interior and Exterior Painted in 2021
~Home is located just 10 minutes from the airport, beaches, and town.
~Exterior painted within the last 4 years.
~Main living floor has solid 3/4” hardwood floors throughout (Angelium) – refinished
~Travertine tile in master shower and studio.

Live comfortably in a subdivision with no CC&R’S while also taking advantage of long-term rental income.
MLS #:668296

Listing courtesy of Maly Romero at Koa Realty, Inc.