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27-599 Alakahi Pl Pepeekeo
Property

6 Bd  3 Ba  4,116 sf  2.1 ac

51 days

$1.95M  Good Deal

Escrow

Assessed$1.74M
Asking$1.95M
Market$2.52M
  1. HI
  2. Big Island
  3. Hilo
  4. Papaikou

27-599 Alakahi Pl Pepeekeo HI 96781

This property has a pending offer.A contingent listing means a seller has accepted an offer from a buyer. In some cases, the seller will accept backup offers.

This may be the most spectacular property on the Hamakua Coast, truly something you must see in person to appreciate. Located directly above the famous scenic lookout, this is the only property with a private carriage trail down into the Hawaiian Botanical Garden, with over 4 miles of trails through indigenous botany and direct access to Onomea Bay.

This 2+ acre estate is located at the end of a quiet cul-de-sac, in a safe, private neighborhood, just 6 miles from Hilo. It has functioned as a highly profitable hosted vacation rental at $700-1400/night. A perfect opportunity to host your own retreats, or to simply live the luxurious retreat lifestyle.

Every part of this home screams custom, from the grand entry door, the hand carved Balinese mural wall, a true chef’s kitchen, specialty trim and tile work, Nana Wall retractable glass door and window systems, Brazilian ipe decking, corner windows, the list goes on and on.

The original home, completed in 2000, has undergone 2 major renovations in 2014 and 2019, with extensive improvements and structures added. Some of these include:
-a grand entry w/ porte cochere
-addition including great room/master bedroom with in-suite bath and wrap-around deck
-garage converted into a large guest suite making the “bedrooms” total 6
-large wrap-around bottom floor deck with yoga platform

This property has over 7000 feet under roof! Which includes a two-door garage that you can convert back or keep as an ohana suite, a 910 sq. ft. workshop with plenty of built-ins and electric stub-outs (previously a carpenter’s workshop). The large covered patio off the kitchen features an expansive pergola overhead for year-round outdoor dining, a tiki bar, a large jacuzzi, custom fireplace, and an unbelievable view!

Financial

Status
for sale
Market Value
$2,520,580
Asking Price
$1,945,000
Assessed Value
$1,736,700
Year Assessed
2020
Terms
1031 Exchange, Agreement of Sale, Cash, Conventional, Open
Property Taxes
$1,353/mo
Parcel #
270090540000
Road Maintenance
$250.00/yr

The Basics

Status
Contingent
Property Type
House
View
Bay, Coastline, Garden, Ocean, Ocean Horizon, Pasture, Sunrise
Pool
Spa/HotTub

Building

Property Type
House
Beds
6
Baths
3
Living Area
4,116 sf
Pool
Spa/HotTub
Year Built
2000
Waste Water
Cesspool
Water
Catchment
Power
Other (remarks), Underground
Trash Disposal
Other (remarks)
Agriculture Dedicated
Yes

Land

Tenure
Fee Simple
Frontage
None, Almost Oceanfront, Pasture
Lot Number
22
Lot Size
2.1 acres (93,349 sf)
Elevation
No data
Latitude
19.80710669
Longitude
-155.09438206
Subdivision
ONOMEA BAY
Roads
Private, Paved
Zoning
A-1A - Agricultural, 1 acre
Flood Zone
X
  • 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 8 - Remaining part of Mauna Kea. Only a few percents of this area has been covered by lava in the past 10,000 years.
Recordation
Regular

Parking

Garage Area
622 sf

Amenities

Flooring
Carpet
Inclusions
None, Dryer, Gas, Washing Machine, Convection Oven, Disposal, Dishwasher, Freezer, Microwave, Refrigerator, Range Hood
Internet
Cable
Features
Storage Area
Telephone
Cell
TV
Cable
Fence/Wall
Other (remarks), Wire

MLS Data

MLS #
647469
Days on Market
51
Est. Commission
$58,350
Listing Agent
Dylan Shropshire RS-74766
Brokerage
No data
Source
Hawaii Information Service
Listing Date
2021-02-25