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75-6026 Alii Dr - 3-102 #31...
Property

1 Bd  1 Ba  687 sf  

50 days

$215K  Good Deal

$1.3K rebate

Assessed$210K
Asking$215K
Market$253K
  1. HI
  2. Big Island
  3. North Kona

75-6026 Alii Dr - 3-102 #3102 Kailua-Kona HI 96740

This is a luxury oceanfront leasehold property. Welcome to Kona Makai, one of the nicest oceanfront communities in Kona. The landscaping is lovingly maintained, and the oceanfront pool is five star luxury. Kona Makai is located just 1.5 miles from the Kona Inn, on the world famous Alii Drive.
#Kona Makai is facing a plumbing issue. Like most of the 40+ year old projects on the coast, the pipes are deteriorating, and must be repaired. The HOA board of directors is actively working to find the best solution. This unit is one of only 12 that have already been repaired, so the new owner will not face loss of use.
#Perfect for a full time home, a second home, or a short term vacation rental business. Most Kona Makai STVR owners report around $40,000 per year in income.
#Ground floor—no stairs
#Completely updated, with brand new plumbing
#Brand new paint and tile floors
#Turnkey furnished
#World class oceanfront pool
#Hot tub/spa
#Oceanfront BBQ area—its a party every night at sunset.
#Fitness center including a weight room and aerobic equipment
#The condo is STVR approved

Financial

Status
for sale
Asking Price
$225,000 $215,000
Assessed Value
$210,400
Year Assessed
2021
Terms
1031 Exchange, Cash, Conventional
Oceanfront
Yes
HOA Fees
$642/mo
Property Taxes
$190/mo
Lease Fees
$310/mo
Parcel #
750210040044
Special Assessment
$0/mo

The Basics

Status
For Sale
Property Type
Condo
View
Garden, Ocean
Unit Description
Ground Unit

Building

Property Type
Condo
Unit #
3102
Beds
1
Baths
1
Living Area
687 sf
Year Built
1979
Design
Concrete
Waste Water
Sewer-Connected
Water
Municipal
Power
Underground
Trash Disposal
Included with Maintenance Fees
Rent Expire
2039

Land

Tenure
Leasehold
Frontage
OceanFront
Elevation
No data
Latitude
19.61995069
Longitude
-155.98575989
Subdivision
KAHULUI 1ST & 2ND
Roads
Private
Zoning
V-1.25 - Resort-Hotel District (required land area of 1,250 square feet, for each dwelling unit, or for each separate rentable unit, or other similar rentable units)
Flood Zone
AE,VE
  • Zones beginning with “A” or “V” are high risk. There is at least a 1 in 4 chance of flooding during a 30-year mortgage.
  • Zones beginning with “B”, “C” or “X” are moderate-risk flood zones. The risk of flooding is reduced, but not completely removed.
  • Zones beginning with “D” have undetermined flood hazards or unstudied areas.
Lava Zone
Zone 4 - Includes all of Hualalai, where the frequency of eruptions is lower than that for Kilauea or Mauna Loa. Lava coverage is proportionally smaller, about 5% since 1800, and less than 15% within the past 750 years.
CC&Rs Covenants, Conditions & Restrictions are rules that govern residences.
Yes
Easements
Water
Project
Kona Makai
Leasehold Expires
2039

Parking

Vehicle Storage
Unassigned

Amenities

Flooring
Carpet
Inclusions
Blinds, Stacked Washer/Dryer, Dishwasher, Refrigerator, Range/Oven
Internet
Cable, DSL, Wireless
Telephone
Cell, Land Line
Heating/Cooling
Air Conditioning, Window/Wall units

MLS Data

MLS #
647599
Days on Market
50
Listing Agent
John Walker RB-22031
Brokerage
No data
Source
Hawaii Information Service
Listing Date
2021-03-01