Island of Hawaii > North Kona > 75-5648 OLOLI RD, KAILUA-KONA 96740

75-5648 OLOLI RD, KAILUA-KONA 96740

North Kona | LANIHAU 1ST - HIENALOLI 1ST
$6,500,000 FS MLS# 661667 | CONTINGENT
  • Multi-FamilyType
  • 4+ UnitsSub-Type
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    75-5648 OLOLI RD, KAILUA-KONA 96740

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PROPERTY DESCRIPTION

One of a kind, sustainable Bamboo multi-unit property. Eight individual dwellings situated above Hawaiian historical gardens. These units offer secluded luxury living nestled in the heart of downtown Kona. Units are one bedroom, two bedroom, or two-bedroom with loft. They have stunning 180 degree ocean views from the lanais. The property is walking distance to everything,’the ocean, dining and entertainment, shopping, Ironman start/finish, and much more. Secure, private parking located inside the gated entry with access to ample over-flow parking.

Perfect for an island getaway or vacation rental property. Vacation rentals are permitted. (Short-term vacation rental permits in place)

Residential and commercial use allowed.

Floor plans include:
2 x 2 bed/2 bath 1294 sq ft units with loft, private lanai, and deck
2 x 2 bed/2 bath 1152 sq ft units with private lanai
4 x 1 bed/1 bath 768 sq ft units with private lanai
*2 of the units are pending final completion (permitted and awaiting final interior finishes). Bamboo finishing materials located on site. Amended public declaration pending completion during escrow.

All future short term vacation rental bookings to be honored upon sale of property, a list of existing bookings to be provided in escrow. Buyer to do their own due diligence regarding all pertinent facts.
Purchase of multiple units is also an option although ownership of units will be CPR ownership. CPR aproved in 2018.
Maintenance dues amount pending.

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Listed By: The Commercial Group LLC

This property is currently in escrow with a contingent offer. Backup offers may be accepted. Please contact us for further information

Price $6,500,000 FS
Property Type Multi-Family
Sub-Type 4+ Units
Annual Tax $9,943
MLS (Contingent) 661667
Tax Key 3-7-5-4-24
LAND AREA 0.85 ac
Zone V-1.25
Days On Market 12
Assessed Value $668,300
Previous Price $6,500,000
View Mountain, Ocean Horizon, Sunrise

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PROPERTY LOCATION

Disclaimer

MLS listing information is deemed reliable but is not guaranteed by the service.

Updated

05/20/2022

LET'S TALK

We are well known along the Kohala Coast for informed and experienced guidance—not only to buyers and sellers but to the development and investor communities as well.

CONTACT US

LET US SHOW YOU THE BIG ISLAND

INQUIRY

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.