5118 LAWAI RD KOLOA HI 96756

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Seller realistic

Asking Price

$1,399,000

$455/sf

$3.5m/ac

Smart Price

$1,679,093

$546/sf

$4.2m/ac

Assessed Value

$1,220,400

$397/sf

$3.1m/ac

LEGAL MULTIFAMILY HOME with three units across from the beach in Poipu. Priced below the current assessed value of $1,811,900. This offering includes 2 lots totaling 16,424 sq. ft. One of the lots is vacant and on the other sits a 3,000+ sq. ft. multifamily home with 4 bedrooms and 4 bathrooms. In the home, there are two 1 bedroom, 1 bath apartments with fully equipped kitchens. Each apartment has it's own entrance from the exterior and is approximately 550 square feet. The floor plan provides many options for potential rental income or additional room for extended family/friends. The property is gated, fully fenced and includes many fruit trees including Mango, Avocado, Star Fruit, Guava, Tangerine, Lime and Fig.

A new roof was installed in 2012 along with other renovations in 2010 and the home was painted in 2015. Other improvements are a sprinkler system for the landscaping and a hot tub for 6. Conveniently located and close to Baby Beach, Kukui’ula Shopping Center and the local Farmer's Market.

This listing includes TMK 4-2-6-6-30 which is the vacant lot of approximately 8,290 square feet. The lot is zoned for a single family home and potentially an Additional Dwelling Unit. Buyer to confirm entitlements with the County.

The Basics
Property Type
House
Beds
4
Baths
4
Living Area
3,076 sf
Lot Size
0.4 acres
Days on Market
383
Land Tenure
Fee Simple
Financial
Tax Assessed Value
$1,220,400
Year Assessed
2019
Terms Acceptable
1031 Exchange, Cash, Conventional
Monthly Taxes
$409
Parcel #
260060290000
Tax Amount
$408
Exemption Amount
$200000
Price Direction
Price Reduced
Amenities
Appliances
Refrigerator, Range/Oven
Inclusions
Refrigerator, Range/Oven
Fence or Wall
Chain Link
Land
Lot Number
2-A
Land Sqft
16,424
Elevation
6 feet
Latitude
21.88080253
Longitude
-159.47262842
Subdivision
WM K WAIALEALE SUBDIVISION
Topography
Fairly Level
Roads
County
Zoning
R-4 - Residential District
Flood Zone
AE
  • 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.
Building
Property Type
House
Beds
4
Baths
4
Living Area
3,076 sf
Year Built
1976
Waste Water
Cesspool
Water
Meter Installed
Power
Overhead
Solid Waste Disposal (Trash)
County-Charge
Parking
Vehicle Storage
Other (remarks)
MLS Data
MLS #
630735
Listing Agent
Darian Peralta RS-66853
Brokerage
Hawaii Life
Source
Hawaii Information Systems
Listing Date
2019-07-17
Other
Knowledge = Power
Know your inventory before making an offer.