75-5874 Walua Rd

MLS® 710865 (Hawaii Real Estate) is located at 75-5874 Walua Rd KAILUA-KONA HI 96740. The current listing status is Active. This 6 bed and 3 bath Home was built in and features 2758 finished sq.ft with a lot size of 0.53 acres. This property has a reported annual taxes of $13,945. This property is currently listed for an *asking* price of $4,000,000 (Fee Simple) - please call for an explanation of fee simple vs leasehold. Buying Real Estate in Hawaii is very different from the mainland. We can help. 808-298-2030 Click Here to read customer Reviews from people who have worked with this agent.

This rare 23,196 sq ft fee simple property fronts Walua Road on the eastern side and backs up to Alii Drive on the western side. Located within the boundaries of Kailua Village, the subject property is favorably zoned CV-10 and is surrounded by commercial and condominium buildings. Gracing this one of a kind property is the Kona Beach Hostel, a business established in 2017 and featuring two landmark updated and reconfigured plantation homes ("Plumeria" and "Pikake"). In total Kona Beach Hostel has 15 bedrooms and 7 bathrooms. Both buildings have views of the ocean and are fringed on the northern, southern and eastern sides by shady and colorful trees and shrubs that provide a good deal of privacy. Within the grounds are designated parking areas as well as four tastefully appointed gazebos. This special property is located within easy walking distance of downtown Kailua. Video of property: https://vimeo.com/947317575/5463a95928?share=copy