$1,775,000
$2,000,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
6 Baths
5,263 SqFt
SOLD DATE : 06/10/2024
Key Details
Sold Price $1,775,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,263 sqft
Price per Sqft $337
Subdivision Wailea
MLS Listing ID 706473
Sold Date 06/10/24
Bedrooms 6
Full Baths 5
Half Baths 1
HOA Y/N No
Originating Board Hawaii Information Service
Year Built 1999
Annual Tax Amount $11,453
Tax Year 2023
Property Sub-Type Duplex
Property Description
Ola Kai Estates is located along the Hamakua coast, 15 minutes outside of Hilo. Situated on almost 5 acres, with approx 480 cacao trees and multiple permitted structures, this property is a must see!
The main home is a spacious 3 bed, 3 bath house with over 2,200 sqft of living area. It features a large dedicated office, a newly upgraded kitchen with a gas range, custom cabinetry and a copper sink with natural antibacterial properties. Other features include vaulted ceilings, two primary suites located on opposite ends of the home, and a mudroom with laundry facilities. There are two separate two-car garages and a 20-panel PV system with Tesla batteries that are owned outright. The main home has an additional 1,000 sqft of screened in lanai that the owners have turned into a tropical themed entertainment space known as the tiki room.
The second home on the property, known as the “Cottage,” is a 3 bed, 2 bath home with two entrances. This space would be perfect for extended family or anyone needing ADA assistance as the primary bathroom is already set up with grab bars for safety. The carport entrance has a handicap accessible ramp, and the deck connects you to the covered gazebo with panoramic ocean views.
The third structure, known as the “Studio,” boasts over 1,900 sq ft of living space, a powder room, dedicated office, and storage closet. This space is currently used as a recreational area with a pool table, ping pong table, foosball table, conference tables, and gym equipment. It also features a oversized deck with 845 sq ft of outdoor space, perfect for entertaining guests. The deck offers amazing ocean views, a built in hot tub, and an outdoor shower.
On the upper portion of the property, there is a orchard with many other fruit trees including mangosteen, dragonfruit, lychee, starfruit, longan, lemon trees, tangelo, avocado, bananas, naval oranges, grapefruits, kumquat, white pineapples, papaya and chili pepper.
Location
State HI
Community Wailea
Area 216275.0
Zoning A-10A
Region South Hilo
City Region South Hilo
Interior
Interior Features ADA Accessible, Enclosed Lanai, Office, Vaulted Ceilings
Flooring Laminate
Window Features Blinds
Appliance Dishwasher, Disposal, Dryer, Gas Cooktop, Microwave, Range, Refrigerator, Washer
Exterior
Parking Features Covered, Detached, None
Garage Spaces 2.0
Utilities Available Cable Available, Electricity Available, Phone Available
View Y/N Yes
View Garden, Mountain(s), Ocean, Ocean Horizon
Topography Gentle Slope
Garage Yes
Building
Lot Description Grassy
Entry Level One
Sewer Cesspool
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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