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74-5042 PALANI RD Kailua-Kona, HI 96740
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Key Details
Sold Price $759,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,068 sqft
Price per Sqft $367
Subdivision Kona Macadamia Acres
MLS Listing ID 650012
Sold Date 07/30/21
Bedrooms 5
Full Baths 3
Year Built 1980
Annual Tax Amount $5,054
Lot Size 9,314 Sqft
Property Description
- One large home split into (2) separate 3 bedrooms 2 bath living spaces or easily converted back to a large 6 bedroom, 4 bath single-family house. One bedroom and one bath are unpermitted.
- Completely renovated inside and out. Freshly painted.
- Centrally located 5-minute drive to downtown Kona and beaches
- Income-producing, read the great Airbnb reviews. 4.7-star rating for the last 8 years as a hosted Vacation Rental. 2020 gross revenue was 36K even during Covid. 2019 grossed $72,413 and 2018 was $91,970. Almost 40k in bookings for 2021 already! If choosing to continue this, it is completely turn-key.
- Plenty of parking for 4 cars. 2 under the carport. Wide driveway to turn around before leaving the property.
- Back Lanai has over 300 sqft. undercover with bbq area, extra seating, and optional lightning choices.
- Front Lanai has over 400sqft and is covered by a louvered Pergola. A ceiling fan, USB ports, BBQ, and optional lighting make this a popular outside seating and dining area.
- Fenced grassy yard for kids or your fur-babies, complete with producing mango trees
- Perfect 900ft elevation
- New Metal roof with special underlayment onto plywood with extra insulation and reflective heat barrier in attic keeps interior temps cool, so AC is rarely used.
- Over 2,000+ sqft of living area, plus 700 sqft of lanais, all on one level. No steps other than 5 leading to the backyard. Oversized lot for the neighborhood
- Seller Owned 36 panel photovoltaic system on NET metering. 5 years old with a 30-year warranty. Submeter for monitoring usage.
- 2 Large storage Sheds
- Double pained LowE windows for temperature and sound insulation.
- Large walk-in Marble tiled shower in back master bedroom
- 2 Master bedrooms with private bathrooms
- Low maintenance granite and marble flooring
- Massive back lanai perfect for morning coffee and enjoying your privacy
- Rockwall and natural privacy fencing
Location
State HI
Area North Kona
Zoning RS-7.5
Interior
Heating Window/Wall units
Cooling Window/Wall units
Flooring Concrete, Ceramic Tile, Marble, Stone
Exterior
Garage Covered, Attached
Fence Rock/Stone, Vinyl, Wooden
Pool No
View Forest, Garden, Mountain, Sunset
Building
Lot Description Grassy
Sewer Cesspool
Water County
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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