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78-6649 ALII DR Kailua-kona, HI 96740
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Key Details
Sold Price $1,475,000
Property Type Multi-Family
Sub Type Four Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $614
Subdivision Kahaluu Beach Lots
MLS Listing ID 709340
Sold Date 10/10/24
Bedrooms 8
Full Baths 4
Half Baths 4
HOA Y/N No
Year Built 1966
Annual Tax Amount $9,578
Tax Year 2024
Property Sub-Type Four Or More Units
Source Hawaii Information Service
Land Area 4348
Property Description
This rare offering includes two contiguous properties located on the mauka side of Alii Drive just a short walk from iconic Kahaluu Beach and surf break. The properties are all favorably zoned V-1.25: Resort-Hotel District whereby Short Term Vacation Rentals are permissible:-
(1) TMK#3-7-8-14-10 is 4,348 sqft in area and fronts Alii Drive. Located on this parcel is Kahaluu Apartments a two story apartment building comprised of 4 units. Each unit has a generous sized living area of 600sqft containing 2 bedrooms/1.5 bathrooms together with exterior covered west facing lanais. Ocean views can be enjoyed from the two upper units.
(2) TMK#3-7-8-14-20 is 4,648 sqft in area and has easement access from Alii Drive. This parcel is a vacant lot.
This offering offers serious consideration for residents, investors and developers alike. Property to be sold as one Estate and not individually.
Video of Kahaluu Apartments: https://vimeo.com/902800395/716e79a90f?share=copy
Location
State HI
Community Kahaluu Beach Lots
Area Hi
Zoning V-1.25
Region North Kona
City Region North Kona
Interior
Heating None
Cooling None
Exterior
Parking Features Unassigned
Utilities Available Cable Available, Electricity Available, Phone Available
View Y/N Yes
View Bay, HIS Sunrise, Ocean
Topography Gentle Slope
Garage No
Private Pool No
Building
Lot Description Interior Lot
Sewer Septic Tank
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Fee Simple, Standard
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Penn Henderson
HAWAII REALTOR® | License ID: RS-83962
HAWAII REALTOR® License ID: RS-83962