414 WAILUA KAI ST #1&2 KAPAA HI 96746

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For Sale: bad Deal

Asking Price

$1,439,000

$992/sf

$7.2m/ac

Smart Price

$1,104,708

$762/sf

$5.5m/ac

Assessed Value

$1,007,300

$695/sf

$5m/ac

Welcome to 17 Palms Kauai – an immaculate 2-unit residential CPR in the Visitor Destination Area one block from the ocean. A quiet, private haven for the perfect Kauai getaway and/or income property. VDA means you can Reside in one or both, Short-term Rent one or both, Long-term Rent one or both, or Home Exchange one or both – at will!

Combined gross income* for 2018/2019 (net of GET/TAT) was $294,681. 17 Palms Kauai has been run as a vacation rental property for over 15 years.

The Meli Meli cottage, CPR unit 1, is a two-bedroom, one bath home with a fully equipped kitchen and laundry. It is decorated in a whimsical South Seas décor and has vaulted ceilings, polished concrete floors, and an open concept living room/dining room floor plan. (see VR video**)

The Hale Iki cottage, CPR unit 2, is a one-bedroom, one bath home also with a fully equipped kitchen and laundry. It is decorated with Asian inspired décor, has wide-plank painted & stenciled floors, and also boasts an open floor plan. (see VR video**)

The property is only one block from the Coconut Marketplace, Lava Lava Beach Club, Kinipopo Shopping Village and many nearby shops, grocery stores, farmer's markets, restaurants and coffee houses. So much so near..!

This licensed, vacation rental property is being sold fully furnished and turnkey. Sale includes two-unit CPR TMK’s 4-4-3-1-13-1&2, website, all transferable third-party advertising, and a completed fractional ownership plan.


** Virtual Reality tour of the property: https://vrtours.360vrhawaii.com/414-wailua-kai-street/u/

The Basics
Status
For Sale
Property Type
House
Beds
3
Baths
2
Living Area
1,450 sf
Lot Size
0.2 acres
Days on Market
77
Land Tenure
Fee Simple
Ownership
CPR
Financial
Tax Assessed Value
$1,007,300
Year Assessed
2020
Terms Acceptable
1031 Exchange, Cash, Conventional
Property Taxes
$655/mo
Parcel #
430010130000
Amenities
Flooring
Concrete, Hardwood
Inclusions
Blinds, Dryer, Washing Machine, Dishwasher, Microwave, Refrigerator, Range/Oven, Range Hood
Features
Ceilings-9'+, Landscaped
Telephone
Cable, Cell, Land Line
TV
Cable
Fence or Wall
Wooden
Land
Lot Number
17-A
Land Sqft
10,085
Elevation
6 ft
Latitude
22.05347098
Longitude
-159.33029526
Subdivision
PAPALOA TRACT
Roads
County
Zoning
R-10 - Residential (10 units/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.
CC&Rs
Covenants, Conditions & Restrictions are rules that govern residences.
Yes
Project
17 PALMS KAUAI CONDOMINIUM
Recordation
Regular
Building
Property Type
House
Unit #
1&2
Beds
3
Baths
2
Year Built
1989
Waste Water
Septic
Water
Municipal, Meter Installed
Power
Overhead
Trash Disposal
County-Charge
Parking
Vehicle Storage
Assigned
MLS Data
MLS #
640350
Listing Agent
Ross Martineau RB-22359
Brokerage
Oceanfront Sotheby's International Realty
Source
Hawaii Information Systems
Listing Date
2020-07-09
Other
Contact Agent