73-1082 Mahilani Drive

Kailua-Kona, HI 96740

$699,000
Price
1
Beds
1
Bath
1
1/2 Bath
1,192 Sq. Ft.
$586 / Sq. Ft.
1,192
Sq. Ft.
$586
per Sq. Ft.

Description

Dream Custom Home in Hawaii: Unique Investment Opportunity
Ever dreamed of owning a custom home in Hawaii? This property is a solid investment with positive equity potential. All building plans are stamped and approved by engineers and the county, ensuring a smooth continuation of the construction process.
Major demolition, permitting, foundation work, and half of the framing are already complete. You can choose your favorite final finishes without the hassle of removing existing ones. The current
...Dream Custom Home in Hawaii: Unique Investment Opportunity

Ever dreamed of owning a custom home in Hawaii? This property is a solid investment with positive equity potential. All building plans are stamped and approved by engineers and the county, ensuring a smooth continuation of the construction process.

Major demolition, permitting, foundation work, and half of the framing are already complete. You can choose your favorite final finishes without the hassle of removing existing ones. The current owner/contractor is available to advise on the next steps and share contacts with reputable subcontractors.

Currently livable at 1,192 sqft, this 1-bed, 1.5-bath home can be finished to a 3/2.5 in phases. Designed for unobstructed ocean views from the living room, all bedrooms, and a rooftop deck engineered to support a hot tub, this home offers stunning sunsets every night.

Features include an outdoor shower, a fishpond with a waterfall, and custom kitchen cabinets made of quarter-sawn white oak and teak. The master bedroom includes an all-teak accent wall, floating vanities with LED lighting, and a shower with a 16” rain head. Wide plank European oak floors add a touch of elegance.

The property boasts old-growth palms, coconuts, papaya, lilikoi, and colorful flowers. Located in a neighborhood with underground utilities, no power lines obstruct your views. Situated at the bottom of a quiet street, this home offers peace and privacy.

This rare opportunity allows you to live in the home as-is and finish within the permit's 5-year span or complete construction quickly to capitalize on instant equity. Whether for investment or a forever home, this property can fulfill your dreams.

Plans have been drawn, stamped by structural and mechanical engineers, and approved and stamped by the county. The building permit is currently open and is transferable to the new owner with a $100 transfer fee.

Cash or 1031 exchange only.

Listing Agent

  1. Leo J Dodier

    Leo J Dodier

    Listing Agent

    Compass

    License #RB-22752

    leo.dodier@compass.com

    P: (808)-308-8884

Property Details for 73-1082 Mahilani Drive

Subdivision
KONA HIGHLANDS
Zoning
A-5A
View
Sunset, Ocean, Coastline
Land Tenure
Fee Simple
LISTING UPDATED: 11/14/2024 07:55 AM

Property Details for 73-1082 Mahilani Drive

StatusContingent
MLS #713735
Days on Market75
Taxes$1,867 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Detached
Year Built1987
Lot Size0.20 AC / 8,576 SF
CountyHawaii County

Building Information for 73-1082 Mahilani Drive

Stories-Year Built1987Building Size-Lot Size0.20 AC / 8,576 SF

Property Information for 73-1082 Mahilani Drive

Summary
Location and General Information
  • Topography: Fairly Level
  • Latitude: 19.72624315
  • Location: 73-1082 MAHILANI DR
  • Longitude: -155.98876254
  • Oceanfront Parcel: N
  • Street: MAHILANI DR
  • Street Address Full: 73-1082 MAHILANI DR KAILUA-KONA HI 96740
  • Street Number: 73-1082
  • City: KAILUA-KONA
  • District: North Kona
  • Zip Code: 96740
Taxes and HOA Information
  • Fees-Association (Monthly): $0
  • Fees-Association (Yearly): $0
  • Exempt Amount: $140,900
  • Tax Year: 2024
  • Taxes (Annual): $1,866.52
  • Taxkey: 3-7-3-44-49
  • Taxkey9: 373044049
Parking
  • Vehicle Storage/Parking: Other (remarks)
Virtual Tour
  • Tours: 0
Property
Lot Information
  • Roads: Paved, Street Lights, County
  • Agriculture Dedicated: No
  • Elevation Low: 1000.0
  • Year Built Maximum: 1987
  • Year Built Minimum: 1987
  • Interior Area (Total): 1192.0
  • Land Area: 8576.0
  • Lot Description - Land: Inside
  • Lot Number: C-49
  • Flood Zone: X
  • Lava Zone: 4
Property and Assessments
  • Disclosure Form: Yes
  • Assessed Value: $454,600
  • Assessment Year: 2024
  • Property Type: Residential
  • Photos: 27
Utilities
  • Power: Underground
  • Wastewater: Cesspool
  • Water: Municipal
  • Solid Waste Disposal (Trash): None
Interior and Exterior Features
Exterior Features
  • Fence/Wall: Rock/Stone
  • Pool: N
Interior Features
  • Washer/Dryer: Stacked Washer/Dryer
  • TV Availability: Cable
  • Telephone Availability: Cell
  • Appliances: Dishwasher, Microwave, Refrigerator, Range/Oven
  • Bathrooms (Total): 1
  • Baths 1/2 (Total): 1
  • Baths 1/4 (Total): 0
  • Baths 3/4 (Total): 0
  • Baths Full (Total): 1
  • Bedrooms (Total): 1
  • Floor Covering: Hardwood
  • Internet Availability: Cable
Multi Family
Income & Expenses
  • Common Area Expenses: No
Agent
Sale and Listing
  • Ownership: Full
  • Media Changed: 09-26-2024
  • Terms Acceptable: Cash, 1031 Exchange
  • Listor Name: Leo J Dodier
  • Days on Market: 75
  • First Photo Sequence: 1
  • Subtype of Listing: Detached
  • Remarks - Public: Dream Custom Home in Hawaii: Unique Investment Opportunity<br><br>Ever dreamed of owning a custom home in Hawaii? This property is a solid investment with positive equity potential. All building plans are stamped and approved by engineers and the county, ensuring a smooth continuation of the construction process.<br><br>Major demolition, permitting, foundation work, and half of the framing are already complete. You can choose your favorite final finishes without the hassle of removing existing ones. The current owner/contractor is available to advise on the next steps and share contacts with reputable subcontractors.<br><br>Currently livable at 1,192 sqft, this 1-bed, 1.5-bath home can be finished to a 3/2.5 in phases. Designed for unobstructed ocean views from the living room, all bedrooms, and a rooftop deck engineered to support a hot tub, this home offers stunning sunsets every night.<br><br>Features include an outdoor shower, a fishpond with a waterfall, and custom kitchen cabinets made of quarter-sawn white oak and teak. The master bedroom includes an all-teak accent wall, floating vanities with LED lighting, and a shower with a 16” rain head. Wide plank European oak floors add a touch of elegance.<br><br>The property boasts old-growth palms, coconuts, papaya, lilikoi, and colorful flowers. Located in a neighborhood with underground utilities, no power lines obstruct your views. Situated at the bottom of a quiet street, this home offers peace and privacy.<br><br>This rare opportunity allows you to live in the home as-is and finish within the permit's 5-year span or complete construction quickly to capitalize on instant equity. Whether for investment or a forever home, this property can fulfill your dreams.<br><br>Plans have been drawn, stamped by structural and mechanical engineers, and approved and stamped by the county. The building permit is currently open and is transferable to the new owner with a $100 transfer fee. <br><br>Cash or 1031 exchange only.
  • REversion: 600
  • Sale Type: Standard Sale
  • DZS: 373
Showing and Remarks
  • Showing Instructions: Call Listor, Mechanical Lock Box, Other (remarks)

Property History for 73-1082 Mahilani Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 73-1082 Mahilani Drive

Taxable ValueLand$279,900Additions$174,700Total$454,600
Tax Record2024$1,867 ($156 / month)
Home Facts
Beds2Baths1Total Finished SqFt840 SqFtAbove Grade Finished SqFt840 SqFtStories1Lot Size8,576 SqFtStyleSingle Family ResidenceYear Built1987ZoningA-5ACountyHAWAIIAPN3-7-3-044-049

Schools near 73-1082 Mahilani Drive

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Kealakehe Elementary School
PublicPK to 5

Kealakehe Intermediate School
Public6 to 8

Kealakehe High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.