$1,895,000
$1,895,000
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69-1000 KOLEA KAI CIR #9K Waikoloa, HI 96738
3 Beds
2 Baths
1,554 SqFt
Key Details
Sold Price $1,895,000
Property Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 1,554 sqft
Price per Sqft $1,219
Subdivision Kolea Subdivision
MLS Listing ID 656241
Sold Date 01/14/22
Bedrooms 3
Full Baths 2
HOA Fees $650/mo
Year Built 2003
Annual Tax Amount $9,047
Property Description
Kolea 9K is a 3 bedroom, 2 bath, 1554 SF Garden Villa with a convenient location within the Kolea condominium complex. The property is located very near Kolea's Beach Club. The Beach Club has direct access to the sandy beach at Anaeho'omalu Bay and its various watersports activities. Kolea is the only beachfront development in the Waikoloa Beach Resort, which is consistently ranked among the best destinations in Hawaii by popular travel publications.
This property is a successful vacation rental, with a robust repeat clientele. Gross rental income in 2022 should easily top $100K, with $57K in bookings already received. There are only 10 condominiums in this floor plan at Kolea, and these units tend to be very popular rentals for young families. The property is being sold fully furnished and ready to either rent or enjoy.
All Kolea condominiums are steel-framed with concrete floors, with many features that set this development apart from the other communities on the Kohala Coast of the Big Island of Hawaii. These include 9' retractable pocket doors, an outdoor kitchen, Pella windows, upscale appliances, as well as African mahogany trim. Want to BBQ on your lanai? Do that in your summer kitchen. Need more room? Put your guests up in the hales at the Beach Club, a unique feature of Kolea. Like to snorkel? Take the sandy path from the Beach Club to the A-Bay.
Within walking distance of Kolea are world-class dining, shopping, and golf. Entertainment options at the Waikoloa Beach Resort include a luxury movie theater and an outdoor amphitheater that hosts concerts and cultural events. There are two shopping centers in the resort, as well as 2 golf courses.
A popular adage in real estate is that it is often best to purchase the least expensive house on the block. This property is an opportunity to just that, with Kolea's multi-million dollar ocean front houses right across the street from 9A. Better hurry! Come live your dreams today!
Location
State HI
Area South Kohala
Building/Complex Name Kolea Condo Villas
Zoning V-1.25
Interior
Heating Central, Air Conditioning
Cooling Central, Air Conditioning
Flooring Carpet, Stone
Exterior
Garage DE
Pool No
Waterfront N
Building
Sewer Sewer-Connected
Water Private
Others
Monthly Total Fees $1, 900
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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