78-6626 ALII DR # KAILUA-KONA HI 96740

KAHALUU BEACH LOTS

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5 bd
5 | ba
Sq ft: 2,758
HOUSE
1987

Active$499500078-6626 ALII DR # KAILUA-KONA HI 96740

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Meticulously renovated in 2022 under the guidance of esteemed design professionals, Mele Kai or “Ocean Song”, stands as a remarkable oceanfront masterpiece seeking its discerning new owner. On track to operate at a 8.76% cap rate in its next year, this property offers the rare opportunity to either maintain its successful vacation rental status or utilize its coveted Bed and Breakfast license to establish a first of its kind, luxury boutique hotel on the Big Island.

Situated on two oceanfront parcels spanning 174’ of coastline, Mele Kai boasts direct access to tide pools, sandy beaches and the open ocean. Each individually rare, but an unparalleled combination along the Kona coast.

Luxury permeates every aspect of Mele Kai, from Bertazzoni appliances in the kitchen to custom La Cantina folding doors seamlessly blending indoor and outdoor spaces. Its interior design captures the essence of coastal living, with a serene palette echoing the Pacific's dynamic colors.

With each of the five bedrooms that open to the ocean, en-suite baths adorned with hand painted tiles and premium linens, guests are delivered a lavish retreat reminiscent of five star resorts.

Outdoor amenities include a redesigned lap pool, lava rock waterfall, BBQ and expansive covered lanai. A perfect setting to enjoy morning Kona coffee or to witness the elusive green flash sunset.

This property comes fully equipped for continued business success, including Bed and Breakfast license, property website, images, client databases and established relationships with travel partners and vendors.

Mele Kai will appeal to astute investors as well as those seeking refined luxury coupled with lucrative income potential. Representing an irresistible opportunity for those looking to enhance their portfolio with a truly exceptional asset, Mele Kai is the apex of vacation rental investment properties on the Kona Coast.

Offering Memorandum available by request.

LOCATION INFORMATION

District: North Kona
Latitude: 19.5842772
Frontage: Rocky Beach,Road/Street,Sandy Beach Subdivision: KAHALUU BEACH LOTS
INTERIOR FEATURES

Heating/Cooling: Individual Cooling
Floors: Ceramic Tile,Laminate
Laundry: Stacked Washer/Dryer Appliances: Convection Oven,Disposal,Dishwasher,Electric Cooktop,Microwave,Refrigerator,Range Hood,Wine Cooler
Features: Ceilings-9'+,Ceiling-Vaulted,Exterior Lighting
EXTERIOR FEATURES

Septic or Sewer: Cesspool
Water: County
Parking Description: Covered,Attached Has a Pool: Yes
Zoning: RS-7.5 Lot Size in Sq. Ft: 14530
Is Oceanfront Parcel: Yes Road Description: County
Fencing: Rock/Stone,Wooden
Lot Number: 17-A
Security: Bay,Coastline,Ocean,Ocean Horizon,Sunset
FEATURES

Power: Overhead
Additional Information

Tax Key: 3780140760000
Property Type: HOUSE
Year Built: 1987 Unit Description: Multi-Story,Single Family Home
Taxes: 30142.40
Release Date: 26-02-2024 Land Tenure: Fee Simple

Schools:

$ 3,151 per month
30 Year Fixed. 3.525% Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $ 157

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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Listed by: KW Big Island

Seller’s Representative:

Kohanaiki Realty LLC © 2023 Hawaii Information Service. All rights reserved. © 2023 MLS Hawaii, Inc. All rights reserved.

Provided Courtesy of Hawaii Information Service. In this page not only will you see properties represented by Kohala Coast Properties, but also properties represented by other members of Hawaii Information Service. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is updated approximately every two hours. The last update time is shown below.

HIS data last updated at March 10, 2024 8:44 PM HAST

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